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DeFi Technologies Inc. logo

DeFi Technologies Inc.

DEFT

NASDAQFinancial ServicesFinancial - Capital Markets

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Previous close

$0.5749

+$0.06 · +11.65%

Aug 21, 4:00 PM ET

DEFT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

81

Deep Value

Momentum

17

Strong Down

Sentiment

53

Mixed

Risk resilience

7

Extreme Risk

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Company profile

Company website

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.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
CA
CEO
Johan Wattenstrom
Listed since
Aug 15, 2024
Employees
26

Market position

Day range

Current $0.5749

52-week range

Current $0.5749

Open
$0.5521
Previous close
$0.5149
Volume
5.97M
1.69× average
Average volume
3.53M
Average daily volume
Market cap
223M USD
Beta
4.35
Market reference 1
50-day average
$0.4832
+18.99% above average
200-day average
$0.7688
-25.22% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
174.76M USD
P/E (TTM)
17.02×
P/B (TTM)
1.6×
P/S (TTM)
11.56×
EV / EBITDA
2.51×
Earnings yield
23.98%
Free cash flow yield
-51.24%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
28.90%
Operating margin
168.86%
Net margin
127.11%
Return on equity
41.73%
Return on assets
7.57%
Return on invested capital
17.94%

Financial health

Debt / equity
0×
Current ratio
0.88×
Altman Z-score
0.6
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends635%-51%-737%-1423%Gross margin, FY2021: 68.57%Gross margin, FY2022: -1251.26%Gross margin, FY2023: 94.74%Gross margin, FY2024: 93.03%Gross margin, FY2025: 70.40%Operating margin, FY2021: -302.02%Operating margin, FY2022: 331.97%Operating margin, FY2023: -28.71%Operating margin, FY2024: -31.54%Operating margin, FY2025: 37.40%Net margin, FY2021: -474.07%Net margin, FY2022: 463.20%Net margin, FY2023: -102.51%Net margin, FY2024: -40.00%Net margin, FY2025: 82.28%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 68.57%. Gross margin FY2022 -1251.26%. Gross margin FY2023 94.74%. Gross margin FY2024 93.03%. Gross margin FY2025 70.40%. Operating margin FY2021 -302.02%. Operating margin FY2022 331.97%. Operating margin FY2023 -28.71%. Operating margin FY2024 -31.54%. Operating margin FY2025 37.40%. Net margin FY2021 -474.07%. Net margin FY2022 463.20%. Net margin FY2023 -102.51%. Net margin FY2024 -40.00%. Net margin FY2025 82.28%.

Income trends

Revenue

75.84M USD-22.31%

Operating income

28.36M USD+59.15M USD

Net income

62.41M USD+101.45M USD
Income trends across reported periods114.53M USD46.88M USD−20.76M USD−88.41M USDRevenue, FY2021: 15.08M USDRevenue, FY2022: −14.23M USDRevenue, FY2023: 19.58M USDRevenue, FY2024: 97.62M USDRevenue, FY2025: 75.84M USDOperating income, FY2021: −45.55M USDOperating income, FY2022: −47.23M USDOperating income, FY2023: −5.62M USDOperating income, FY2024: −30.79M USDOperating income, FY2025: 28.36M USDNet income, FY2021: −71.5M USDNet income, FY2022: −65.9M USDNet income, FY2023: −20.07M USDNet income, FY2024: −39.04M USDNet income, FY2025: 62.41M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 15.08M USD. Revenue FY2022 −14.23M USD. Revenue FY2023 19.58M USD. Revenue FY2024 97.62M USD. Revenue FY2025 75.84M USD. Operating income FY2021 −45.55M USD. Operating income FY2022 −47.23M USD. Operating income FY2023 −5.62M USD. Operating income FY2024 −30.79M USD. Operating income FY2025 28.36M USD. Net income FY2021 −71.5M USD. Net income FY2022 −65.9M USD. Net income FY2023 −20.07M USD. Net income FY2024 −39.04M USD. Net income FY2025 62.41M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue75.84M USD97.62M USD19.58M USD−14.23M USD15.08M USD
Cost of goods sold22.45M USD6.8M USD1.03M USD5.79M USD8.66M USD
Gross profit53.39M USD90.82M USD18.55M USD178.01M USD10.34M USD
Selling, general, and administrative30.03M USD42.46M USD9.01M USD28.26M USD58.31M USD
Operating expenses25.03M USD121.6M USD24.17M USD225.93M USD55.89M USD
Interest expense4.68M USD3.87M USD3.14M USD4.01M USD1.19M USD
Depreciation and amortization1.54M USD2.12M USD2.05M USD2.37M USD3.64M USD
Operating income28.36M USD−30.79M USD−5.62M USD−47.23M USD−45.55M USD
Net income62.41M USD−39.04M USD−20.07M USD−65.9M USD−71.5M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.17
FY2025
Latest fiscal-year revenue
75.84M USD
FY2025 · -22.31% year over year
Next fiscal-year EPS consensus
-0.022
FY2026 · 3 analysts
Next fiscal-year revenue consensus
36.28M USD
FY2026 · 6 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.220.01-0.21-0.42FY21FY22FY23FY24FY25FY26FY27

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend108.8M64.06M19.33M-25.41MFY21FY22FY23FY24FY25FY26FY27

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1.25

117.43% upside
Past 12 months12-month forecastHigh $1.25Average $1.25Low $1.25

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy267%
Hold133%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions

DEFT news

seekingalpha.com

DeFi Technologies Inc. (DEFT) Q2 2026 Earnings Call Transcript

DeFi Technologies Inc. (DEFT) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

DeFi Technologies Q2 Earnings Call Highlights

DeFi Technologies NASDAQ: DEFT reported lower second-quarter revenue and assets under management as digital-asset prices declined, while the company pointed to positive fund inflows, cost reductions and progress on…

Read source
prnewswire.com

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…

Read source
prnewswire.com

DeFi Technologies Announces Shareholder Call to Discuss Q2 2026 Financial Results

TORONTO, Aug. 3, 2026 /PRNewswire/ -- DeFi Technologies Inc. (the "Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital…

Read source
pymnts.com

DeFi Technologies CEO Declares Confidence in Company Amid Crypto Bear Market

DeFi Technologies, a FinTech that bridges the gap between traditional capital markets and decentralized finance (DeFi), is better positioned in the current crypto bear market than it was in the previous one, CEO and…

Read source
prnewswire.com

DeFi Technologies Issues CEO Letter to Shareholders

TORONTO, July 27, 2026 /PRNewswire/ -- DeFi Technologies Inc. (the "Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital…

Read source

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ETFs holding DEFT

Funds reporting this stock among their holdings, ordered by reported position size.

Schwab Crypto Thematic ETF logoSchwab Crypto Thematic ETFSTCE
Market value
1.47M
Weight
0.64%
AUM
230.74M USD
Expense ratio
0.30%
Price / 1D
$65.92+1.84%

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