DeFi Technologies Inc. (DEFT)

DEFT Income Statement

Revenue, expenses, and profitability analysis

DEFT Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	55.133M	1.819M	-5.457M	31.717M	27.054M	23.581M	-3.814M	-52.714M	143.682M
Cost of Goods Sold	32.598M	1.466M	22.661M	2.528M	5.944M	3.477M	98K	0.00	487K
Gross Profit	22.534M	354K	-28.119M	29.189M	21.110M	20.104M	-3.814M	-52.714M	143.682M
Gross Profit Margin	19.4%	19.4%	515.2%	92.0%	78.0%	85.3%	100.0%	100.0%	100.0%
Total Operating Expenses	18.954M	-5.313M	-13.743M	16.280M	21.730M	-10.019M	78.241M	-56.719M	71.590M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	23.545M	5.065M	-4.170M	15.265M	7.386M	9.408M	11.688M	10.715M	24.150M
Operating Income (EBIT)	3.580M	5.667M	-14.376M	12.909M	-620K	30.123M	-82.054M	4.005M	72.092M
Operating Margin	311.5%	311.5%	263.4%	40.7%	-2.3%	127.7%	2151.6%	-7.6%	50.2%
Income Before Tax (EBT)	50.344M	4.863M	40.321M	6.176M	-1.016M	30.663M	-94.700M	18.410M	66.093M
Interest Income	2.340M	2.305M	—	35K	—	—	—	—	—
Interest Expense	4.859M	331K	4.302M	142K	85K	118K	290K	579K	680K
Other Income/Expense	46.764M	-804K	54.697M	-6.733M	-396K	540K	-12.645M	14.405M	-5.999M
Net Income	49.899M	4.863M	40.703M	5.621M	-1.288M	29.917M	-94.696M	18.410M	66.120M
Income Tax Expense	447K	0.00	-511K	687K	272K	745K	0.00	0.00	0.00
Net Profit Margin	267.3%	267.3%	-745.8%	17.7%	-4.8%	126.9%	2483.1%	-34.9%	46.0%
EBITDA	58.551M	5.367M	46.667M	7.086M	-568K	31.153M	-94.029M	19.388M	67.150M
EBITDA Margin	295.0%	295.0%	-855.1%	22.3%	-2.1%	132.1%	2465.6%	-36.8%	46.7%
Depreciation & Amortization	1.662M	172K	444K	712K	333K	372K	380K	398K	378K
EPS Basic	0.07	0.01	0.05	0.02	-0.00	0.09	-0.31	0.06	0.23
EPS Diluted	0.10	0.01	0.08	0.01	-0.00	0.08	-0.26	0.05	0.20
Shares Outstanding	277.960M	277.960M	344.919M	343.999M	330.104M	323.887M	304.548M	298.101M	291.902M
Diluted Shares Outstanding	292.037M	292.037M	377.533M	373.628M	362.049M	366.974M	358.221M	355.303M	332.821M

DEFT Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	75.842M	67.833M	14.770M	922K	8.176M	0.00	-419K	218K
Cost of Goods Sold	22.452M	4.725M	776K	3.180M	0.00	0.00	2K	17K
Gross Profit	53.390M	63.108M	13.994M	922K	8.176M	0.00	-422K	202K
Gross Profit Margin	70.4%	93.0%	94.7%	100.0%	100.0%	—	100.5%	92.4%
Total Operating Expenses	25.028M	84.501M	18.234M	35.763M	44.186M	-1.276M	475K	4.328M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	30.031M	47.339M	9.022M	20.850M	42.892M	453K	417K	470K
Operating Income (EBIT)	28.362M	-21.392M	-4.240M	-34.841M	-36.010M	1.276M	-897K	-4.121M
Operating Margin	37.4%	-31.5%	-28.7%	-3778.3%	-440.5%	—	213.9%	-1887.1%
Income Before Tax (EBT)	63.543M	-27.130M	-15.310M	-48.613M	-56.524M	1.276M	-894K	-5.269M
Interest Income	—	—	—	—	—	—	1K	6K
Interest Expense	4.677M	2.688M	2.367M	2.961M	938K	—	—	—
Other Income/Expense	35.182M	-5.737M	-11.070M	-13.772M	-20.513M	0.00	2K	-1.148M
Net Income	62.406M	-27.130M	-15.141M	-48.613M	-56.524M	1.276M	-894K	-5.269M
Income Tax Expense	1.138M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	82.3%	-40.0%	-102.5%	-5271.8%	-691.4%	—	213.3%	-2412.9%
EBITDA	69.761M	-22.967M	-10.623M	-43.907M	-52.709M	1.276M	-894K	-5.255M
EBITDA Margin	92.0%	-33.9%	-71.9%	-4761.5%	-644.7%	—	213.3%	-2406.3%
Depreciation & Amortization	1.541M	1.475M	1.548M	1.745M	2.878M	0.00	0.00	0.00
EPS Basic	0.18	-0.09	-0.07	-0.24	-0.29	0.02	-0.02	-0.12
EPS Diluted	0.17	-0.08	-0.07	-0.24	-0.29	0.02	-0.02	-0.12
Shares Outstanding	344.919M	310.994M	223.084M	209.055M	192.626M	48.521M	41.514M	41.514M
Diluted Shares Outstanding	377.533M	361.139M	223.084M	209.055M	192.626M	50.310M	41.514M	41.514M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About DeFi Technologies Inc.

DeFi Technologies Inc. is a technology company specializing in creating exchange-traded products (ETPs) within Canada, which are designed to mirror the value of single or multiple decentralized finance (DeFi) protocols. The company also delivers a range of related services, including asset management, providing clients with indirect access to underlying digital assets, indexes, and other DeFi instruments. Furthermore, DeFi Technologies engages in early-stage investments across the digital asset ecosystem, operates a dedicated arbitrage trading desk to capitalize on low-risk market opportunities, conducts proprietary research, and offers an OTC desk along with digital asset liquidity solutions. Established in 1986 and headquartered in Toronto, Canada, the company was formerly known as Valour Inc. until it rebranded to DeFi Technologies Inc. in July 2023.

Toronto, ON

9 employees

defi.tech

Financial Services / Financial - Capital Markets

Sector: Financial Services
Industry: Financial - Capital Markets
CEO: Johan Wattenstrom

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