DeFi Technologies Inc. Announces Second Quarter 2026 Financial Results with Revenue of $7.8 Million, Operating Loss of $2.3 Million, and Maintained Strong Balance Sheet
Rhea-AI Summary
DeFi Technologies (Nasdaq: DEFT) reported Q2 2026 revenue of $7.8 million, down from $13.1 million in Q2 2025, and an operating loss of $2.3 million versus a $0.9 million loss a year earlier. Core operating revenue was $5.5 million compared with $6.7 million.
Total operating expenses fell to $10.1 million from $14 million, reflecting lower share-based payments, partly offset by higher operating and G&A tied to growth initiatives. Valour’s average AUM was $471.5 million (vs. $760.2 million), with $22.8 million net inflows and $3.0 million in combined management fees plus staking and lending income.
Stillman Digital generated $2.5 million in trading commissions revenue, up from $1.9 million. As of June 30, 2026, DeFi Technologies reported approximately $135 million in combined cash, stablecoins, STRC/RWUSD, digital asset treasury, and venture portfolio value, supporting ongoing strategic capital deployment.
Positive
- Total operating expenses reduced to $10.1 million from $14 million YoY
- Stillman Digital trading commissions increased to $2.5 million from $1.9 million
- Valour recorded $22.8 million net inflows into ETPs in Q2 2026
- Strong liquidity with about $70.7 million in cash and USDT/USDC
- Total cash, STRC/RWUSD, treasury and venture portfolio value around $135 million
Negative
- Quarterly revenue declined to $7.8 million from $13.1 million YoY
- Operating loss widened to $2.3 million from $0.9 million YoY
- Valour average AUM fell to $471.5 million from $760.2 million
- Valour management fees and staking/lending income fell to $3.0 million from $4.5 million
Key Figures
Previous Crypto,earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 03 | earnings call notice | Neutral | -0.4% | Scheduled Q2 2026 financial-results call preceded a 0.4% decline. |
| May 14 | Q1 earnings report | Positive | -12.1% | Q1 revenue and net income announcement preceded a 12.12% decline. |
| May 04 | earnings call notice | Neutral | +1.9% | Scheduled Q1 2026 financial-results call preceded a 1.94% gain. |
| Apr 06 | 2025 earnings report | Positive | +8.8% | Record 2025 revenue and net income preceded an 8.75% gain. |
| Apr 02 | 2025 earnings report | Positive | +8.8% | Audited record revenue and net income preceded an 8.75% gain. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history showed two positive-result events aligned with gains, while Q1 results diverged with a -12.12% reaction.
Key Terms
aum financial
etps financial
staking technical
usdt/usdc financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Revenue and Operating Loss: DeFi Technologies reported revenue of
$7.8 million $2.3 million
- Strong balance sheet and liquidity: As of June 30, 2026, DeFi Technologies held
$70.7 million $30 million $19.1 million $15.1 million $135 million
- Continued platform monetization: During the quarter, Valour generated
$3.0 million $471.5 million $22.8 million $2.5 million
- Strategic capital deployment: The Company is actively deploying capital into growth initiatives, strategic infrastructure, and new institutional product structures.
- Total revenue for the three months ended June 30, 2026, was
$7.8 million $13.1 million
- Core operating revenue, excluding realized and net change in unrealized gains and losses, was
$5.5 million $6.7 million
- Operating income / (loss) for the three months ended June 30, 2026, was (
$2.3 million $0.9 million
- Total operating expenses for Q2 2026 were
$10.1 million $14 million
- The decrease reflects continued cost discipline across the platform, including lower share-based payments, partially offset by higher operating, general and administrative expenses associated with growth initiatives.
- For the three months ended June 30, 2026, Valour's average AUM was
$471.5 million $760.2 million - For the three months ended June 30, 2026, the company generated
$22.8 million
- For the three months ended June 30, 2026, Valour generated
$1.9 million $2.4 million
- Management fees were
$1.1 million $2.1 million
- Together, management fees and staking and lending income totaled
$3 million $4.5 million
- For the three months ended June 30, 2026, Stillman Digital generated
$2.5 million $1.9 million
- Stillman continues to strengthen the institutional trading, execution, and liquidity layer of DeFi Technologies' platform.
Cash, Treasury, Venture, and Working Capital Position
- Cash and USDT/USDC balance: As of June 30, 2026, DeFi Technologies held
$60,311,712 $10,352,363 $70,664,075 - STRC/RWUSD balance: As of June 30, 2026, the Company held
$19,050,483
- Digital asset treasury holdings: As of June 30, 2026, the Company's treasury holdings totaled approximately
$30,045,074
- Venture portfolio: As of June 30, 2026, the Company's venture and private portfolio was valued at
$15,147,378
Together, total cash, USDT/USDC, STRC/RWUSD, treasury, and venture portfolio value stood at approximately
"Q2 was another challenging quarter for digital asset markets, and those conditions were reflected in our reported financial results. However, we believe the more important indicators for the long-term health of the business are what is happening underneath the market cycle, and on that basis, we continued to make meaningful progress.
Two metrics stand out in particular. Valour generated more than
We also continue to operate from a position of significant financial strength. Our robust balance sheet gives us the ability to invest through the cycle, continue building our core businesses and pursue strategic opportunities at a time when weaker market conditions can create particularly attractive entry points. Historically, crypto winters have created significant opportunities for well-capitalized companies, and we believe the current environment is no different.
We are actively sourcing and evaluating high-value, large-scale acquisition opportunities that could meaningfully expand our capabilities, distribution or earnings potential. We maintain a high threshold for deploying shareholder capital, and the timing of any transaction is inherently difficult to predict, but the quality and quantity of opportunities we are seeing today are unprecedented.
At the same time, we continue to strengthen the organic business. We are advancing our hedge fund strategy, progressing Valour Custody and our UCITS platform, and investing in new products and technologies that can broaden our revenue base over time.
Our objective is to use periods like this to build a larger, more diversified and more scalable platform. Valour's continued inflows expand the asset base from which we can generate management fees, staking income and other forms of monetization, while Stillman's growth expands our institutional revenue base independently of Valour's AUM.
Market cycles will continue to influence our reported results, but we believe the underlying business is becoming stronger through this downturn. With continued organic growth, a scalable operating platform, and substantial balance sheet capacity, we believe DeFi Technologies is positioned to emerge from this market environment with significantly greater earnings power and the ability to capitalize meaningfully when digital asset markets strengthen."
DeFi Technologies Shareholder Call to Discuss Q2 2026 Financial Results
To register for the webcast, see below:
When: Friday, August 14, 2026
Time: 11:00 AM Eastern Time
Topic: DeFi Technologies Q2 2026 Financials
Register in advance for this webinar: https://zoom.us/webinar/register/WN_QLs05yf-QS-HV9Rhd-lX4w
Analyst Coverage of DeFi Technologies
A full list of DeFi Technologies analyst coverage can be found here: https://defi.tech/investor-relations#research.
For inquiries from institutional investors, funds, or family offices, please contact: ir@defi.tech
About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) (
Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/.
DeFi Technologies Subsidiaries
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.
About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the financial results of the Company; revenue outlook of the Company and its business segments; growth of AUM; revenue generating opportunities for the Company's digital asset holdings; Stillman Digital and their respective plans and outlooks for 2026; fluctuation in digital asset prices; investment and interest in the digital asset sector; future collaborations and partnerships; development of ETPs; geographic expansion of the Company; future acquisitions by the Company; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; the appointment of directors and officers of the Company; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of DeFi and digital asset sector; rules and regulations with respect to DeFi and digital assets; fluctuation in digital asset price levels; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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SOURCE DeFi Technologies Inc.