DFP Holdings Ltd Financials

DFPH

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 31/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

DFP Holdings Ltd has an operating margin of -15.3%, meaning the company retains $-15 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -23.8% the prior year.

Growth

DFP Holdings Ltd's revenue surged 21.3% year-over-year to $393.4M, reflecting rapid business expansion. This strong growth earns a score of 90/100.

Leverage

DFP Holdings Ltd has elevated debt relative to equity (D/E of 25.95), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.15, DFP Holdings Ltd holds $2.15 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.

Cash Flow

While DFP Holdings Ltd generated -$26.5M in operating cash flow, capex of $3.8M consumed most of it, leaving -$30.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

DFP Holdings Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.41x

For every $1 of reported earnings, DFP Holdings Ltd generates $0.41 in operating cash flow (-$26.5M OCF vs -$64.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-8.0x

DFP Holdings Ltd earns $-8.0 in operating income for every $1 of interest expense (-$60.1M vs $7.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows DFP Holdings Ltd (DFPH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$393.4M

YoY+21.3%

DFP Holdings Ltd generated $393.4M in revenue in fiscal year 2024. This represents an increase of 21.3% from the prior year.

EBITDA

-$53.8M

YoY+24.3%

DFP Holdings Ltd's EBITDA was -$53.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.3% from the prior year.

Free Cash Flow

-$30.3M

YoY+25.8%

DFP Holdings Ltd generated -$30.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 25.8% from the prior year.

Net Income

-$64.7M

YoY+22.2%

DFP Holdings Ltd reported -$64.7M in net income in fiscal year 2024. This represents an increase of 22.2% from the prior year.

EPS (Diluted)

$-0.71

YoY+22.8%

DFP Holdings Ltd earned $-0.71 per diluted share (EPS) in fiscal year 2024. This represents an increase of 22.8% from the prior year.

Cash & Debt

$49.7M

YoY+48.3%

DFP Holdings Ltd held $49.7M in cash against $93.1M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

76M

YoY+2.1%

DFP Holdings Ltd had 76M shares outstanding in fiscal year 2024. This represents an increase of 2.1% from the prior year.

Gross Margin

N/A

Operating Margin

-15.3%

YoY+8.5pp

DFP Holdings Ltd's operating margin was -15.3% in fiscal year 2024, reflecting core business profitability. This is up 8.5 percentage points from the prior year.

Net Margin

-16.4%

YoY+9.2pp

DFP Holdings Ltd's net profit margin was -16.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

YoY-100.0%

DFP Holdings Ltd spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$3.8M

YoY-17.0%

DFP Holdings Ltd invested $3.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 17.0% from the prior year.

DFPH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$393.4M+21.3%	$324.2M+28.4%	$252.5M+24.4%	$203.0M+8.3%	$187.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$107.8M-5.3%	$113.9M-4.9%	$119.7M+43.6%	$83.4M+99.0%	$41.9M
Operating Income	-$60.1M+21.9%	-$77.0M+6.0%	-$82.0M-78.7%	-$45.9M-459.4%	-$8.2M
Interest Expense	$7.5M+10.6%	$6.8M+266.0%	-$4.1M-1375.6%	$320K-7.8%	$347K
Income Tax	$0+100.0%	-$36K+85.2%	-$243K+63.8%	-$671K-36.1%	-$493K
Net Income	-$64.7M+22.2%	-$83.1M-54750.0%	$152K+101.4%	-$10.9M+23.7%	-$14.3M
EPS (Diluted)	$-0.71+22.8%	$-0.92-338.1%	$-0.21-31.2%	$-0.16	$-0.24

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$136.6M+14.0%	$119.8M+14.7%	$104.4M+4.1%	$100.3M+1.7%	$98.6M+4.1%	$94.7M+10.3%	$85.8M+4.6%	$82.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$25.3M-6.2%	$26.9M+6.0%	$25.4M+2.1%	$24.9M-10.8%	$27.9M-2.0%	$28.5M+1.3%	$28.1M-0.4%	$28.2M
Operating Income	-$8.1M+28.2%	-$11.2M-13.1%	-$9.9M+16.9%	-$11.9M+27.1%	-$16.4M+8.9%	-$18.0M-17.6%	-$15.3M-9.8%	-$13.9M
Interest Expense	$1.9M+2.7%	$1.9M-66.4%	$5.6M+376.9%	$1.2M-44.9%	$2.1M+6.7%	$2.0M-58.9%	$4.8M+175.0%	$1.8M
Income Tax	$0+100.0%	-$131K	$0	$0	$0	$0+100.0%	-$314K-332.6%	$135K
Net Income	-$16.5M+3.0%	-$17.0M+13.2%	-$19.6M-48.6%	-$13.2M+14.8%	-$15.5M+22.2%	-$19.9M-6.1%	-$18.8M-7.7%	-$17.4M
EPS (Diluted)	$-0.14+6.7%	$-0.15+28.6%	$-0.21-50.0%	$-0.14+17.6%	$-0.17+22.7%	$-0.22-4.8%	$-0.21-10.5%	$-0.19

DFPH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$172.7M-17.5%	$209.2M-20.0%	$261.7M+28.6%	$203.4M+209.7%	$65.7M
Current Assets	$112.4M-21.7%	$143.5M+10.0%	$130.4M-15.3%	$154.1M+418.4%	$29.7M
Cash & Equivalents	$49.7M+48.3%	$33.5M+139.0%	$14.0M-87.8%	$115.2M+12697.1%	$900K
Inventory	$10.0M-26.6%	$13.7M+47.7%	$9.3M+43.8%	$6.4M+47.9%	$4.4M
Accounts Receivable	$48.3M+14.1%	$42.4M+6.4%	$39.8M+99.0%	$20.0M+16.7%	$17.1M
Goodwill	$7.2M0.0%	$7.2M-66.2%	$21.4M-19.6%	$26.6M+87.2%	$14.2M
Total Liabilities	$169.1M+11.1%	$152.2M+9.9%	$138.5M+39.5%	$99.3M+164.1%	$37.6M
Current Liabilities	$52.2M+50.1%	$34.8M+17.1%	$29.7M-0.3%	$29.8M+4.2%	$28.6M
Long-Term Debt	$93.1M+7.3%	$86.8M+7.7%	$80.6M	$0-100.0%	$6.6M
Total Equity	$3.6M-93.7%	$57.0M-53.7%	$123.2M+18.3%	$104.2M+270.7%	$28.1M
Retained Earnings	-$210.8M-44.2%	-$146.2M-131.7%	-$63.1M+0.2%	-$63.2M-20.9%	-$52.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$163.6M+2.4%	$159.8M-2.6%	$164.0M-5.0%	$172.7M-3.8%	$179.6M-12.2%	$204.5M-2.3%	$209.2M-4.2%	$218.4M
Current Assets	$110.1M+5.1%	$104.8M-1.9%	$106.8M-5.0%	$112.4M-3.3%	$116.2M-17.7%	$141.2M-1.6%	$143.5M-6.0%	$152.7M
Cash & Equivalents	$27.7M-8.7%	$30.3M-23.8%	$39.7M-20.0%	$49.7M+36.4%	$36.4M+1.0%	$36.1M+7.7%	$33.5M+21.6%	$27.5M
Inventory	$18.9M+19.6%	$15.8M+28.3%	$12.3M+22.6%	$10.0M-11.3%	$11.3M-2.0%	$11.6M-15.5%	$13.7M+12.4%	$12.2M
Accounts Receivable	$59.6M+7.2%	$55.7M+12.9%	$49.3M+2.0%	$48.3M-10.5%	$54.0M-8.1%	$58.8M+38.7%	$42.4M-12.6%	$48.4M
Goodwill	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M0.0%	$7.2M
Total Liabilities	$175.9M+4.2%	$168.8M+6.2%	$158.9M-6.0%	$169.1M+12.5%	$150.4M-7.9%	$163.2M+7.2%	$152.2M+3.9%	$146.5M
Current Liabilities	$65.6M+1.2%	$64.8M+8.8%	$59.5M+14.0%	$52.2M+48.8%	$35.1M-23.3%	$45.8M+31.6%	$34.8M+7.4%	$32.4M
Long-Term Debt	$76.2M+1.6%	$75.0M+1.5%	$73.9M-20.7%	$93.1M+3.5%	$90.0M+1.8%	$88.4M+1.8%	$86.8M+1.8%	$85.3M
Total Equity	-$12.3M-36.6%	-$9.0M-277.3%	$5.1M+41.2%	$3.6M-87.7%	$29.2M-29.3%	$41.3M-27.6%	$57.0M-20.6%	$71.8M
Retained Earnings	-$263.9M-6.7%	-$247.4M-7.4%	-$230.4M-9.3%	-$210.8M-16.1%	-$181.5M-9.3%	-$166.0M-13.6%	-$146.2M-14.7%	-$127.4M

DFPH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$26.5M+26.9%	-$36.3M+41.2%	-$61.8M-89.0%	-$32.7M-6533.1%	$508K
Capital Expenditures	$3.8M-17.0%	$4.6M-17.4%	$5.5M+94.2%	$2.8M+138.4%	$1.2M
Free Cash Flow	-$30.3M+25.8%	-$40.9M+39.2%	-$67.3M-89.4%	-$35.5M-5078.9%	-$686K
Investing Cash Flow	$46.2M-26.2%	$62.6M+147.6%	-$131.6M-982.9%	-$12.2M-37.4%	-$8.8M
Financing Cash Flow	-$3.5M+49.0%	-$6.8M-107.4%	$92.2M-40.1%	$154.0M+1195.5%	$11.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$1.0M-88.7%	$9.0M	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$12.6M-23.8%	-$10.2M-104.5%	-$5.0M-224.7%	$4.0M+125.5%	-$15.7M+1.4%	-$15.9M-308.0%	-$3.9M+53.2%	-$8.3M
Capital Expenditures	$604K-50.0%	$1.2M+268.3%	$328K-81.3%	$1.8M-3.9%	$1.8M+199.3%	$610K-29.2%	$861K-7.4%	$930K
Free Cash Flow	-$13.2M-16.0%	-$11.4M-114.6%	-$5.3M-336.8%	$2.2M+112.8%	-$17.5M-6.0%	-$16.5M-246.9%	-$4.8M+48.5%	-$9.2M
Investing Cash Flow	-$604K+50.0%	-$1.2M-498.0%	-$202K+88.5%	-$1.8M-109.7%	$18.2M-6.3%	$19.4M+66.7%	$11.6M+50.8%	$7.7M
Financing Cash Flow	$10.6M+440.0%	$2.0M+141.4%	-$4.7M-2790.2%	-$164K+92.4%	-$2.1M-128.9%	-$938K+47.3%	-$1.8M-135.6%	-$756K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$0	N/A	N/A	$0-100.0%	$125K

DFPH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	-15.3%+8.5pp	-23.8%+8.7pp	-32.5%-9.9pp	-22.6%-18.2pp	-4.4%
Net Margin	-16.4%+9.2pp	-25.6%-25.7pp	0.1%+5.4pp	-5.4%+2.3pp	-7.6%
Return on Equity	N/A	N/A	0.1%	N/A	N/A
Return on Assets	-37.4%+2.3pp	-39.7%-39.8pp	0.1%+5.4pp	-5.4%+16.4pp	-21.8%
Current Ratio	2.15-2.0	4.12-0.3	4.39-0.8	5.17+4.1	1.04
Debt-to-Equity	25.95+24.4	1.52+0.9	0.65+0.7	0.00-0.2	0.23
FCF Margin	-7.7%+4.9pp	-12.6%+14.0pp	-26.7%-9.2pp	-17.5%-17.1pp	-0.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-5.9%+3.5pp	-9.4%+0.1pp	-9.5%+2.4pp	-11.9%+4.7pp	-16.6%+2.4pp	-19.0%-1.2pp	-17.8%-0.9pp	-17.0%
Net Margin	-12.1%+2.1pp	-14.2%+4.6pp	-18.8%-5.6pp	-13.2%+2.5pp	-15.7%+5.3pp	-21.0%+0.8pp	-21.9%-0.6pp	-21.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-10.1%+0.5pp	-10.6%+1.3pp	-11.9%-4.3pp	-7.6%+1.0pp	-8.6%+1.1pp	-9.7%-0.8pp	-9.0%-1.0pp	-8.0%
Current Ratio	1.68+0.1	1.62-0.2	1.79-0.4	2.15-1.2	3.31+0.2	3.08-1.0	4.12-0.6	4.71
Debt-to-Equity	-6.21+2.1	-8.35-22.9	14.58-11.4	25.95+22.9	3.08+0.9	2.14+0.6	1.52+0.3	1.19
FCF Margin	-9.7%-0.2pp	-9.5%-4.4pp	-5.1%-7.3pp	2.2%+20.0pp	-17.7%-0.3pp	-17.4%-11.9pp	-5.5%+5.7pp	-11.3%

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Frequently Asked Questions

What is DFP Holdings Ltd's annual revenue?

DFP Holdings Ltd (DFPH) reported $393.4M in total revenue for fiscal year 2024. This represents a 21.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is DFP Holdings Ltd's revenue growing?

DFP Holdings Ltd (DFPH) revenue grew by 21.3% year-over-year, from $324.2M to $393.4M in fiscal year 2024.

Is DFP Holdings Ltd profitable?

No, DFP Holdings Ltd (DFPH) reported a net income of -$64.7M in fiscal year 2024, with a net profit margin of -16.4%.

What is DFP Holdings Ltd's earnings per share (EPS)?

DFP Holdings Ltd (DFPH) reported diluted earnings per share of $-0.71 for fiscal year 2024. This represents a 22.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is DFP Holdings Ltd's EBITDA?

DFP Holdings Ltd (DFPH) had EBITDA of -$53.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does DFP Holdings Ltd have?

As of fiscal year 2024, DFP Holdings Ltd (DFPH) had $49.7M in cash and equivalents against $93.1M in long-term debt.

What is DFP Holdings Ltd's operating margin?

DFP Holdings Ltd (DFPH) had an operating margin of -15.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is DFP Holdings Ltd's net profit margin?

DFP Holdings Ltd (DFPH) had a net profit margin of -16.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is DFP Holdings Ltd's free cash flow?

DFP Holdings Ltd (DFPH) generated -$30.3M in free cash flow during fiscal year 2024. This represents a 25.8% change compared to the previous fiscal year. 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.

What is DFP Holdings Ltd's operating cash flow?

DFP Holdings Ltd (DFPH) generated -$26.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are DFP Holdings Ltd's total assets?

DFP Holdings Ltd (DFPH) had $172.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are DFP Holdings Ltd's capital expenditures?

DFP Holdings Ltd (DFPH) invested $3.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does DFP Holdings Ltd have outstanding?

DFP Holdings Ltd (DFPH) had 76M shares outstanding as of fiscal year 2024.

What is DFP Holdings Ltd's current ratio?

DFP Holdings Ltd (DFPH) had a current ratio of 2.15 as of fiscal year 2024, which is generally considered healthy.

What is DFP Holdings Ltd's debt-to-equity ratio?

DFP Holdings Ltd (DFPH) had a debt-to-equity ratio of 25.95 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is DFP Holdings Ltd's return on assets (ROA)?

DFP Holdings Ltd (DFPH) had a return on assets of -37.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is DFP Holdings Ltd's cash runway?

Based on fiscal year 2024 data, DFP Holdings Ltd (DFPH) had $49.7M in cash against an annual operating cash burn of $26.5M. This gives an estimated cash runway of approximately 22 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is DFP Holdings Ltd's Piotroski F-Score?

DFP Holdings Ltd (DFPH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are DFP Holdings Ltd's earnings high quality?

DFP Holdings Ltd (DFPH) has an earnings quality ratio of 0.41x, considered low quality (accrual-driven). 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.

Can DFP Holdings Ltd cover its interest payments?

DFP Holdings Ltd (DFPH) has an interest coverage ratio of -8.0x, meaning it can struggle to cover its interest obligations. 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.

How financially healthy is DFP Holdings Ltd?

DFP Holdings Ltd (DFPH) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.