T3 Defense Warrants (DFNSW) Financials

T3 Defense Inc. Warrants (DFNSW) recorded an outflow of $6.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

T3 Defense Inc. Warrants (DFNSW) recorded an outflow of $6.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

T3 Defense Inc. Warrants (DFNSW) had $202.4M in total assets as of fiscal year 2025, including both current and long-term assets.

T3 Defense Inc. Warrants (DFNSW) invested $31K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

T3 Defense Inc. Warrants (DFNSW) had 38M shares outstanding as of fiscal year 2025.

T3 Defense Inc. Warrants (DFNSW) had a current ratio of 0.31 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

T3 Defense Inc. Warrants (DFNSW) had a return on assets of 38.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

At the end of fiscal year 2025, T3 Defense Inc. Warrants (DFNSW) held $2.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.2M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

T3 Defense Inc. Warrants (DFNSW) has negative shareholder equity of -$19.8M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

T3 Defense Inc. Warrants (DFNSW) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

For every $1 of reported earnings, T3 Defense Inc. Warrants (DFNSW) used $0.08 of operating cash (-$6.2M OCF vs $78.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

T3 Defense Inc. Warrants (DFNSW) reported an operating loss of $32.6M against $154K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.