DFP Holdings Ltd Financials
This page shows DFP Holdings Ltd (DFPH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Revenue growth is finally absorbing overhead, but cash burn and financing strain now define how DFPH funds that progress.
By FY2025, revenue more than doubled while operating margin moved from deeply negative to single-digit negative, showing that a much larger sales base is covering overhead more efficiently than it did earlier in the period. The catch is financing: interest expense rose to$11.3M while cash fell to$33.6M , so better operations did not repair the balance sheet and the company still finished with negative equity.
Selling and administrative cost discipline is the clearest operating improvement: that expense line is lower than it was several years ago even though revenue is far higher, which points to fixed-cost absorption rather than a simple volume problem. But the current ratio fell from 5.2x to 1.6x, so near-term flexibility is much tighter than the income statement alone suggests.
The balance sheet has shifted from cash-rich and debt-light to liability-heavy, meaning past losses are still being financed rather than fully outgrown by the business. Shares outstanding climbed from 75.7M to 98.9M, so any future operating recovery would be spread across a larger ownership base.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of DFP Holdings Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
DFP Holdings Ltd has an operating margin of -7.2%, meaning the company retains $-7 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 -15.3% the prior year.
DFP Holdings Ltd's revenue surged 27.8% year-over-year to $502.7M, reflecting rapid business expansion. This strong growth earns a score of 74/100.
DFP Holdings Ltd has elevated debt relative to equity (D/E of -4.92), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
DFP Holdings Ltd's current ratio of 1.59 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While DFP Holdings Ltd generated -$24.6M in operating cash flow, capex of $3.2M consumed most of it, leaving -$27.8M in free cash flow. This results in a low score of 6/100, reflecting heavy capital investment rather than weak cash generation.
DFP Holdings Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, DFP Holdings Ltd generates $0.41 in operating cash flow (-$24.6M OCF vs -$60.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
DFP Holdings Ltd earns $-3.2 in operating income for every $1 of interest expense (-$36.1M vs $11.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
DFP Holdings Ltd generated $502.7M in revenue in fiscal year 2025. This represents an increase of 27.8% from the prior year.
DFP Holdings Ltd's EBITDA was -$29.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.9% from the prior year.
DFP Holdings Ltd reported -$60.6M in net income in fiscal year 2025. This represents an increase of 6.3% from the prior year.
DFP Holdings Ltd earned $-0.54 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.9% from the prior year.
Cash & Balance Sheet
DFP Holdings Ltd generated -$27.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.4% from the prior year.
DFP Holdings Ltd held $33.6M in cash against $77.4M in long-term debt as of fiscal year 2025.
DFP Holdings Ltd had 99M shares outstanding in fiscal year 2025. This represents an increase of 30.5% from the prior year.
Margins & Returns
DFP Holdings Ltd's operating margin was -7.2% in fiscal year 2025, reflecting core business profitability. This is up 8.1 percentage points from the prior year.
DFP Holdings Ltd's net profit margin was -12.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.4 percentage points from the prior year.
Capital Allocation
DFP Holdings Ltd invested $3.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.5% from the prior year.
DFPH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $147.4M+3.9% | $142.0M+3.9% | $136.6M+14.0% | $119.8M+14.7% | $104.4M+4.1% | $100.3M+0.4% | $99.9M+1.3% | $98.6M |
| 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 | $28.2M+0.6% | $28.0M+11.0% | $25.3M-6.2% | $26.9M+6.0% | $25.4M+2.1% | $24.9M-6.7% | $26.6M-4.4% | $27.9M |
| Operating Income | -$6.5M+5.7% | -$6.9M+14.2% | -$8.1M+28.2% | -$11.2M-13.1% | -$9.9M+16.9% | -$11.9M+13.9% | -$13.9M+15.3% | -$16.4M |
| Interest Expense | $1.9M+0.9% | $1.9M-0.2% | $1.9M+2.7% | $1.9M-66.4% | $5.6M+376.9% | $1.2M-47.5% | $2.2M+5.1% | $2.1M |
| Income Tax | $0 | $0 | $0+100.0% | -$131K | $0 | $0 | $0 | $0 |
| Net Income | -$2.5M+66.8% | -$7.5M+54.5% | -$16.5M+3.0% | -$17.0M+13.2% | -$19.6M-48.6% | -$13.2M+18.2% | -$16.1M-4.1% | -$15.5M |
| EPS (Diluted) | $-0.02 | N/A | $-0.14+6.7% | $-0.15+28.6% | $-0.21 | N/A | $-0.18-5.9% | $-0.17 |
DFPH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $168.2M+2.2% | $164.7M+0.6% | $163.6M+2.4% | $159.8M-2.6% | $164.0M-5.0% | $172.7M-3.6% | $179.2M-0.2% | $179.6M |
| Current Assets | $116.9M+3.7% | $112.7M+2.4% | $110.1M+5.1% | $104.8M-1.9% | $106.8M-5.0% | $112.4M-3.4% | $116.4M+0.2% | $116.2M |
| Cash & Equivalents | $30.3M-9.8% | $33.6M+21.4% | $27.7M-8.7% | $30.3M-23.8% | $39.7M-20.0% | $49.7M+4.8% | $47.4M+30.1% | $36.4M |
| Inventory | $24.3M+43.9% | $16.9M-10.6% | $18.9M+19.6% | $15.8M+28.3% | $12.3M+22.6% | $10.0M-0.7% | $10.1M-10.7% | $11.3M |
| Accounts Receivable | $58.1M-1.5% | $59.0M-1.1% | $59.6M+7.2% | $55.7M+12.9% | $49.3M+2.0% | $48.3M-11.3% | $54.5M+0.9% | $54.0M |
| 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 | $184.5M+2.3% | $180.4M+2.5% | $175.9M+4.2% | $168.8M+6.2% | $158.9M-6.0% | $169.1M+3.3% | $163.7M+8.8% | $150.4M |
| Current Liabilities | $79.4M+11.8% | $71.0M+8.2% | $65.6M+1.2% | $64.8M+8.8% | $59.5M+14.0% | $52.2M+11.7% | $46.8M+33.2% | $35.1M |
| Long-Term Debt | $78.6M+1.6% | $77.4M+1.6% | $76.2M+1.6% | $75.0M+1.5% | $73.9M-20.7% | $93.1M+1.7% | $91.5M+1.8% | $90.0M |
| Total Equity | -$16.3M-3.6% | -$15.7M-28.1% | -$12.3M-36.6% | -$9.0M-277.3% | $5.1M+41.2% | $3.6M-76.8% | $15.5M-47.0% | $29.2M |
| Retained Earnings | -$273.9M-0.9% | -$271.4M-2.8% | -$263.9M-6.7% | -$247.4M-7.4% | -$230.4M-9.3% | -$210.8M-6.7% | -$197.6M-8.9% | -$181.5M |
DFPH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M-168.5% | $3.2M+125.6% | -$12.6M-23.8% | -$10.2M-104.5% | -$5.0M-224.7% | $4.0M+388.4% | $819K+105.2% | -$15.7M |
| Capital Expenditures | $1.0M-1.7% | $1.1M+75.5% | $604K-50.0% | $1.2M+268.3% | $328K-81.3% | $1.8M+536.6% | -$402K-122.0% | $1.8M |
| Free Cash Flow | -$3.3M-249.9% | $2.2M+116.4% | -$13.2M-16.0% | -$11.4M-114.6% | -$5.3M-336.8% | $2.2M+438.4% | $417K+102.4% | -$17.5M |
| Investing Cash Flow | -$1.0M+1.7% | -$1.1M-75.5% | -$604K+50.0% | -$1.2M-498.0% | -$202K+88.5% | -$1.8M-116.9% | $10.4M-42.8% | $18.2M |
| Financing Cash Flow | -$28K-100.7% | $3.7M-64.8% | $10.6M+440.0% | $2.0M+141.4% | -$4.7M-2790.2% | -$164K+32.5% | -$243K+88.7% | -$2.1M |
| 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 | N/A | N/A | $0 | $0 | N/A |
DFPH Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -4.4%+0.4pp | -4.9%+1.0pp | -5.9%+3.5pp | -9.4%+0.1pp | -9.5%+2.4pp | -11.9%+2.0pp | -13.9%+2.7pp | -16.6% |
| Net Margin | -1.7%+3.6pp | -5.3%+6.8pp | -12.1%+2.1pp | -14.2%+4.6pp | -18.8%-5.6pp | -13.2%+3.0pp | -16.1%-0.4pp | -15.7% |
| Return on Equity | N/A | N/A | N/A | N/A | -386.4%-19.1pp | -367.3%-263.2pp | -104.1%-51.1pp | -53.0% |
| Return on Assets | -1.5%+3.1pp | -4.6%+5.5pp | -10.1%+0.5pp | -10.6%+1.3pp | -11.9%-4.3pp | -7.6%+1.4pp | -9.0%-0.4pp | -8.6% |
| Current Ratio | 1.47-0.1 | 1.59-0.1 | 1.68+0.1 | 1.62-0.2 | 1.79-0.4 | 2.15-0.3 | 2.49-0.8 | 3.31 |
| Debt-to-Equity | -4.83+0.1 | -4.92+1.3 | -6.21+2.1 | -8.35-22.9 | 14.58-11.4 | 25.95+20.0 | 5.91+2.8 | 3.08 |
| FCF Margin | -2.2%-3.7pp | 1.5%+11.2pp | -9.7%-0.2pp | -9.5%-4.4pp | -5.1%-7.3pp | 2.2%+1.8pp | 0.4%+18.2pp | -17.7% |
Note: Shareholder equity is negative (-$15.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is DFP Holdings Ltd's annual revenue?
DFP Holdings Ltd (DFPH) reported $502.7M in total revenue for fiscal year 2025. This represents a 27.8% 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 27.8% year-over-year, from $393.4M to $502.7M in fiscal year 2025.
Is DFP Holdings Ltd profitable?
No, DFP Holdings Ltd (DFPH) reported a net income of -$60.6M in fiscal year 2025, with a net profit margin of -12.1%.
What is DFP Holdings Ltd's EBITDA?
DFP Holdings Ltd (DFPH) had EBITDA of -$29.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does DFP Holdings Ltd have?
As of fiscal year 2025, DFP Holdings Ltd (DFPH) had $33.6M in cash and equivalents against $77.4M in long-term debt.
What is DFP Holdings Ltd's operating margin?
DFP Holdings Ltd (DFPH) had an operating margin of -7.2% in fiscal year 2025, 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 -12.1% in fiscal year 2025, 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 -$27.8M in free cash flow during fiscal year 2025. This represents a 8.4% 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 -$24.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are DFP Holdings Ltd's total assets?
DFP Holdings Ltd (DFPH) had $164.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are DFP Holdings Ltd's capital expenditures?
DFP Holdings Ltd (DFPH) invested $3.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is DFP Holdings Ltd's current ratio?
DFP Holdings Ltd (DFPH) had a current ratio of 1.59 as of fiscal year 2025, 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 -4.92 as of fiscal year 2025, 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 -36.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is DFP Holdings Ltd's cash runway?
Based on fiscal year 2025 data, DFP Holdings Ltd (DFPH) had $33.6M in cash against an annual operating cash burn of $24.6M. This gives an estimated cash runway of approximately 16 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.
Why is DFP Holdings Ltd's debt-to-equity ratio negative or unusual?
DFP Holdings Ltd (DFPH) has negative shareholder equity of -$15.7M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.
What is DFP Holdings Ltd's Piotroski F-Score?
DFP Holdings Ltd (DFPH) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 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 -3.2x, 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 18 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.