DeFi Technologies (DEFT) reports Q2 2026 revenue, $2.3M operating loss and $135M reserves
Rhea-AI Filing Summary
DeFi Technologies Inc. reported financial results for the quarter ended June 30, 2026, with revenue of $7.8 million and an operating loss of $2.3 million. Management described the period as challenging for digital asset markets but highlighted underlying business activity and client demand across its platforms.
The company stated that its combined cash, USDT/USDC, STRC/RWUSD, treasury, and venture portfolio value totaled approximately $135 million as of June 30, 2026, supporting its view of a strong balance sheet and the ability to invest through the market cycle. Within its Valour business, management cited more than $22.8 million of net inflows during the quarter, and noted that Stillman Digital is onboarding larger institutional clients and is on pace for a strong revenue year. DeFi Technologies also referenced ongoing work on hedge fund strategies, Valour Custody, a UCITS platform, and potential large-scale acquisitions, while cautioning that any forward-looking statements are subject to significant risks and uncertainties related to digital asset markets and regulation.
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Key Figures
Key Terms
forward-looking information regulatory
exchange traded products financial
digital asset treasury reserve financial
AUM financial
UCITS platform financial
FAQ
What were DeFi Technologies (DEFT) Q2 2026 revenue and operating results?
How strong is DeFi Technologies (DEFT) balance sheet as of June 30, 2026?
What net inflows did Valour generate for DeFi Technologies (DEFT) in Q2 2026?
What growth initiatives did DeFi Technologies (DEFT) highlight for 2026?
What risks did DeFi Technologies (DEFT) cite in its forward-looking statements?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2026.
Commission File Number 001-41056
DEFI TECHNOLOGIES INC.
(Translation of registrant's name into English)
Suite 2400, 333 Bay Street, Toronto, Ontario, Canada M5H 2T6
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| ☐ | Form 20-F ☒ Form 40-F |
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | New Release dated August 13, 2026 - 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 |
| DEFI TECHNOLOGIES INC. | ||
| (Registrant) | ||
| Date: August 13, 2026 | By | /s/ Philippe Lucet |
| Philippe Lucet Corporate Secretary |
EXHIBIT 99.1
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
| • | Revenue and Operating Loss: DeFi Technologies reported revenue
of $7.8 million and operating loss of $2.3 million for the three months ended June 30, 2026. |
| • | Strong balance sheet and liquidity: As of June 30, 2026, DeFi
Technologies held $70.7 million in combined cash and USDT/USDC, $30 million in digital asset treasury holdings,
$19.1 million in STRC/RWUSD, and a venture and private portfolio valued at $15.1 million, for total cash, treasury,
and venture portfolio value of approximately $135 million. |
| • | Continued platform monetization: During the quarter, Valour generated
$3.0 million in management fees, staking, and lending income on average quarterly AUM of $471.5 million with $22.8 million
in net inflows, and Stillman Digital contributed $2.5 million in trading commissions revenue and continues to pace for
a record revenue year. |
| • | Strategic capital deployment: The Company is actively deploying capital into growth initiatives, strategic infrastructure, and new institutional product structures. |
TORONTO, Aug. 13, 2026 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) (B3: DEFT31), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), today announced its financial results for the three months ended June 30, 2026. All dollar amounts in this press release are in U.S. dollars, unless otherwise stated.
Financial Highlights
Revenue
| • | Total revenue for the three months ended June 30, 2026, was $7.8 million,
compared to $13.1 million in Q2 2025. |
| • | Core operating revenue, excluding realized and net change in unrealized gains and losses, was $5.5 million, compared to $6.7 million in Q2 2025. |
Operating Income / (Loss)
| • | Operating income / (loss) for the three months ended June 30, 2026, was ($2.3 million), compared to ($0.9 million) for the three months ended June 30, 2025. |
Operating Expenses
| • | Total operating expenses for Q2 2026 were $10.1 million, compared to
$14 million in Q2 2025. |
| • | 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. |
Valour - AUM, Net Inflows, Management Fees, Staking and Lending Income
| • | For the three months ended June 30, 2026, Valour's average AUM was $471.5 million compared to $760.2 million in Q2 2025. |
| • | For the three months ended June 30, 2026, the company generated $22.8 million in
net inflows into its ETPs. |
| • | For the three months ended June 30, 2026, Valour generated $1.9 million in
staking and lending income, compared to $2.4 million in Q2 2025. |
| • | Management fees were $1.1 million, compared to $2.1 million in
Q2 2025. |
| • | Together, management fees and staking and lending income totaled $3 million in Q2 2026, compared to $4.5 million in Q2 2025. |
Stillman Digital
| • | For the three months ended June 30, 2026, Stillman Digital generated $2.5
million in trading commissions revenue, compared to $1.9 million in Q2 2025. |
| • | 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 in cash and $10,352,363 in USDT/USDC, for a combined balance of $70,664,075 |
| • | STRC/RWUSD balance: As of June 30, 2026, the Company held $19,050,483
in STRC/RWUSD. |
| • | 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 $135 million as of June 30, 2026. The Company regularly monitors its cash and digital asset reserves on a consolidated basis and allocates a portion of its digital asset treasury reserve to support ETP market risk hedging and broader strategic capital allocation.
Comment from Johan Wattenström, Chief Executive Officer of DeFi Technologies
"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 $22.8 million of net inflows during the quarter despite weaker digital asset prices, demonstrating continued customer demand for our products in a difficult market. At the same time, Stillman Digital continued to onboard larger institutional clients and remains on pace for a record year of revenue. We view both as important indicators of the underlying strength of the platform because they reflect growth that is not simply dependent on rising asset prices.
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) (Brazil B3: DEFT31) is a financial technology
company building for the convergence of traditional capital markets and decentralized finance ("DeFi"). As a publicly listed
and vertically integrated digital asset platform, DeFi Technologies provides familiar, simple, secure, and regulated access to the digital
asset economy through investment products, trading and liquidity infrastructure, research, and strategic capital deployment. Its business
includes Valour, a leading issuer of regulated digital asset ETPs; Stillman Digital, an institutional-grade digital asset trading and
liquidity platform; and DeFi Alpha, the Company's internal business line focused on opportunistic trading, arbitrage, and other capital
markets strategies. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the gateway between
traditional finance and the future of digital assets.
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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/13/c9128.html
%CIK: 0001888274
For further information: For further information, please contact: Johan Wattenstrom, Chief Executive Officer, ir@defi.tech, (323) 537-7681
CO: DeFi Technologies Inc.
CNW 17:15e 13-AUG-26