Defi Development Corp UK Plc Financials
This page shows Defi Development Corp UK Plc (DFUKF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
An externally funded balance-sheet expansion reshaped FY2025, while operations still consumed cash instead of supporting the larger asset base.
FY2025’s financing inflows of$242.9M were deployed largely into investment outflows of$221.5M , so the company’s new scale came from capital raising more than from operating accumulation. That matters because the enlarged asset base still absorbed cash, with operating cash flow at-$18.0M , meaning the business is not yet self-funding.
The income statement now carries a visible financing burden: FY2025 revenue was
Across FY2023 through FY2025, operating cash flow stayed negative even as revenue stepped up, which suggests growth has required outside capital rather than generating internal funding. The same shift shows up in tighter liquidity, with the current ratio falling from 7.8x to 1.5x as short-term obligations became a much larger part of the balance sheet.
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 Defi Development Corp UK Plc'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.
Defi Development Corp UK Plc has an operating margin of -319.7%, meaning the company retains $-320 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 down from -143.0% the prior year.
Defi Development Corp UK Plc's revenue surged 442.3% year-over-year to $11.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Defi Development Corp UK Plc carries a low D/E ratio of 1.28, meaning only $1.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
Defi Development Corp UK Plc's current ratio of 1.51 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Defi Development Corp UK Plc generated -$18.0M in operating cash flow, capex of $2K consumed most of it, leaving -$18.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Defi Development Corp UK Plc generates a -74.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -77.9% the prior year.
Defi Development Corp UK Plc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Defi Development Corp UK Plc generates $0.24 in operating cash flow (-$18.0M OCF vs -$73.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Defi Development Corp UK Plc earns $-4.1 in operating income for every $1 of interest expense (-$36.4M vs $8.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Defi Development Corp UK Plc generated $11.4M in revenue in fiscal year 2025. This represents an increase of 442.3% from the prior year.
Defi Development Corp UK Plc's EBITDA was -$35.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1211.3% from the prior year.
Defi Development Corp UK Plc reported -$73.8M in net income in fiscal year 2025. This represents a decrease of 2605.8% from the prior year.
Defi Development Corp UK Plc earned $-4.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1328.6% from the prior year.
Cash & Balance Sheet
Defi Development Corp UK Plc generated -$18.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 636.1% from the prior year.
Defi Development Corp UK Plc held $5.9M in cash against $127.4M in long-term debt as of fiscal year 2025.
Defi Development Corp UK Plc had 31M shares outstanding in fiscal year 2025. This represents an increase of 216.9% from the prior year.
Margins & Returns
Defi Development Corp UK Plc's gross margin was 97.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Defi Development Corp UK Plc's operating margin was -319.7% in fiscal year 2025, reflecting core business profitability. This is down 176.7 percentage points from the prior year.
Defi Development Corp UK Plc's net profit margin was -648.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 518.2 percentage points from the prior year.
Defi Development Corp UK Plc's ROE was -74.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Capital Allocation
Defi Development Corp UK Plc invested $1.1M in research and development in fiscal year 2025. This represents an increase of 74.4% from the prior year.
Defi Development Corp UK Plc spent $11.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 230300.0% from the prior year.
Defi Development Corp UK Plc invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 91.3% from the prior year.
DFUKF Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M-3.0% | $4.6M+132.9% | $2.0M+591.6% | $287K-54.3% | $629K+1.5% | $619K+40.4% | $441K+7.3% | $411K |
| Cost of Revenue | N/A | $88K+214.3% | $28K | N/A | $7K-7.9% | $8K0.0% | $8K-7.3% | $9K |
| Gross Profit | N/A | $4.5M+131.7% | $2.0M | N/A | $621K+1.7% | $611K+41.1% | $433K+7.6% | $403K |
| R&D Expenses | $391K+45.3% | $269K-14.1% | $313K+85.2% | $169K-4.3% | $177K+17.0% | $151K-1.9% | $154K-11.2% | $173K |
| SG&A Expenses | $5.5M+55.0% | $3.6M-23.6% | $4.7M+759.9% | $544K-12.6% | $622K+10.3% | $564K-15.4% | $667K-12.1% | $759K |
| Operating Income | -$124.8M-273.1% | $72.1M+319.3% | $17.2M+2046.4% | -$883K-30.1% | -$679K-49.5% | -$454K+46.7% | -$852K+16.3% | -$1.0M |
| Interest Expense | $5.2M+78.7% | $2.9M+278.0% | $776K+4058.2% | -$20K | N/A | N/A | N/A | -$51K |
| Income Tax | N/A | $17.9M+1393.3% | $1.2M | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$144.5M-357.9% | $56.0M+263.1% | $15.4M+2083.5% | -$778K-59.8% | -$487K-3.4% | -$471K+41.5% | -$805K+16.5% | -$964K |
| EPS (Diluted) | N/A | $1.95+132.1% | $0.84+252.7% | $-0.55 | N/A | $-0.05+37.5% | $-0.08+88.6% | $-0.70 |
DFUKF Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $307.4M-36.0% | $480.0M+347.6% | $107.2M+2478.9% | $4.2M-5.0% | $4.4M-2.4% | $4.5M-5.7% | $4.8M-13.4% | $5.5M |
| Current Assets | $121.9M-30.1% | $174.4M+3026.7% | $5.6M+82.6% | $3.1M-6.7% | $3.3M+5.2% | $3.1M-9.0% | $3.4M-18.1% | $4.2M |
| Cash & Equivalents | $5.9M-32.7% | $8.8M+256.3% | $2.5M+37.2% | $1.8M-28.0% | $2.5M-9.7% | $2.8M-14.5% | $3.2M-17.5% | $3.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $52K0.0% | $52K-95.2% | $1.1M+73.1% | $631K+223.8% | $195K+17.6% | $166K+49.1% | $111K-7.9% | $121K |
| Goodwill | $607K0.0% | $607K0.0% | $607K+0.1% | $607K-0.1% | $607K+0.1% | $607K0.0% | $607K0.0% | $607K |
| Total Liabilities | $208.1M-11.9% | $236.2M+755.1% | $27.6M+2007.8% | $1.3M+49.9% | $874K+65.2% | $529K+7.2% | $494K-6.6% | $529K |
| Current Liabilities | $80.8M-5.6% | $85.5M+1563.7% | $5.1M+386.6% | $1.1M+78.2% | $593K+69.4% | $350K+11.2% | $315K-10.0% | $350K |
| Long-Term Debt | $127.4M-3.1% | $131.4M+519.7% | $21.2M | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $99.3M-59.3% | $243.8M+206.2% | $79.6M+2695.4% | $2.8M-18.7% | $3.5M-11.5% | $4.0M-7.2% | $4.3M-14.1% | $5.0M |
| Retained Earnings | -$91.8M-249.7% | $61.3M+1060.3% | $5.3M+152.1% | -$10.1M-8.3% | -$9.4M-5.5% | -$8.9M-5.6% | -$8.4M-10.6% | -$7.6M |
DFUKF Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.9M-119.2% | -$5.0M-292.0% | -$1.3M-61.8% | -$786K-338.9% | -$179K+56.6% | -$412K+39.5% | -$681K+40.6% | -$1.1M |
| Capital Expenditures | $0 | $0 | N/A | N/A | $10K | $0-100.0% | $7K+3.9% | $6K |
| Free Cash Flow | -$10.9M-119.2% | -$5.0M | N/A | N/A | -$189K+54.1% | -$412K+40.1% | -$687K+40.4% | -$1.2M |
| Investing Cash Flow | $14.8M+108.4% | -$175.1M | N/A | N/A | -$7K-133.3% | -$3K+54.7% | -$7K-3.9% | -$6K |
| Financing Cash Flow | -$6.7M-103.6% | $186.4M+194.9% | $63.2M+90513.7% | $70K+207.3% | -$65K-20.4% | -$54K-23175.9% | -$232-118.8% | $1K |
| 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 | $0 | N/A | N/A | N/A |
DFUKF Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 98.1%-0.5pp | 98.6% | N/A | 98.8%+0.1pp | 98.7%+0.5pp | 98.2%+0.3pp | 97.9% |
| Operating Margin | -2780.7%-4339.3pp | 1558.6%+693.1pp | 865.6%+1173.1pp | -307.5%-199.6pp | -108.0%-34.7pp | -73.3%+119.9pp | -193.2%+54.5pp | -247.7% |
| Net Margin | -3219.1%-4430.5pp | 1211.4%+434.3pp | 777.0%+1048.0pp | -270.9%-193.4pp | -77.5%-1.4pp | -76.1%+106.4pp | -182.5%+51.9pp | -234.5% |
| Return on Equity | -145.5%-168.5pp | 23.0%+3.6pp | 19.4%+46.7pp | -27.3%-13.4pp | -13.9%-2.0pp | -11.9%+7.0pp | -18.9%+0.5pp | -19.4% |
| Return on Assets | -47.0%-58.7pp | 11.7%-2.7pp | 14.4%+33.1pp | -18.7%-7.6pp | -11.1%-0.6pp | -10.5%+6.4pp | -16.9%+0.6pp | -17.6% |
| Current Ratio | 1.51-0.5 | 2.04+1.0 | 1.08-1.8 | 2.89-2.6 | 5.52-3.4 | 8.89-2.0 | 10.86-1.1 | 11.94 |
| Debt-to-Equity | 1.28+0.7 | 0.54+0.3 | 0.27-0.2 | 0.46+0.5 | 0.00-0.1 | 0.13+0.0 | 0.120.0 | 0.11 |
| FCF Margin | -243.5%-135.7pp | -107.8% | N/A | N/A | -30.1%+36.5pp | -66.6%+89.3pp | -155.9%+124.5pp | -280.4% |
Frequently Asked Questions
What is Defi Development Corp UK Plc's annual revenue?
Defi Development Corp UK Plc (DFUKF) reported $11.4M in total revenue for fiscal year 2025. This represents a 442.3% 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 Defi Development Corp UK Plc's revenue growing?
Defi Development Corp UK Plc (DFUKF) revenue grew by 442.3% year-over-year, from $2.1M to $11.4M in fiscal year 2025.
Is Defi Development Corp UK Plc profitable?
No, Defi Development Corp UK Plc (DFUKF) reported a net income of -$73.8M in fiscal year 2025, with a net profit margin of -648.1%.
What is Defi Development Corp UK Plc's EBITDA?
Defi Development Corp UK Plc (DFUKF) had EBITDA of -$35.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Defi Development Corp UK Plc have?
As of fiscal year 2025, Defi Development Corp UK Plc (DFUKF) had $5.9M in cash and equivalents against $127.4M in long-term debt.
What is Defi Development Corp UK Plc's gross margin?
Defi Development Corp UK Plc (DFUKF) had a gross margin of 97.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Defi Development Corp UK Plc's operating margin?
Defi Development Corp UK Plc (DFUKF) had an operating margin of -319.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Defi Development Corp UK Plc's net profit margin?
Defi Development Corp UK Plc (DFUKF) had a net profit margin of -648.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Defi Development Corp UK Plc's return on equity (ROE)?
Defi Development Corp UK Plc (DFUKF) has a return on equity of -74.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Defi Development Corp UK Plc's free cash flow?
Defi Development Corp UK Plc (DFUKF) generated -$18.0M in free cash flow during fiscal year 2025. This represents a -636.1% 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 Defi Development Corp UK Plc's operating cash flow?
Defi Development Corp UK Plc (DFUKF) generated -$18.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Defi Development Corp UK Plc's total assets?
Defi Development Corp UK Plc (DFUKF) had $307.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Defi Development Corp UK Plc's capital expenditures?
Defi Development Corp UK Plc (DFUKF) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Defi Development Corp UK Plc spend on research and development?
Defi Development Corp UK Plc (DFUKF) invested $1.1M in research and development during fiscal year 2025.
What is Defi Development Corp UK Plc's current ratio?
Defi Development Corp UK Plc (DFUKF) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.
What is Defi Development Corp UK Plc's debt-to-equity ratio?
Defi Development Corp UK Plc (DFUKF) had a debt-to-equity ratio of 1.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Defi Development Corp UK Plc's return on assets (ROA)?
Defi Development Corp UK Plc (DFUKF) had a return on assets of -24.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Defi Development Corp UK Plc's cash runway?
Based on fiscal year 2025 data, Defi Development Corp UK Plc (DFUKF) had $5.9M in cash against an annual operating cash burn of $18.0M. This gives an estimated cash runway of approximately 4 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 Defi Development Corp UK Plc's Piotroski F-Score?
Defi Development Corp UK Plc (DFUKF) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Defi Development Corp UK Plc's earnings high quality?
Defi Development Corp UK Plc (DFUKF) has an earnings quality ratio of 0.24x, 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 Defi Development Corp UK Plc cover its interest payments?
Defi Development Corp UK Plc (DFUKF) has an interest coverage ratio of -4.1x, 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 Defi Development Corp UK Plc?
Defi Development Corp UK Plc (DFUKF) scores 34 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.