Defi Technologies, Inc.
DEFT Nasdaq Finance Services Financials FY2024–FY2025
What Defi Technologies, Inc. does
No business description yet.
- Legal name
- Defi Technologies, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Apr 2, 2026
- Accession · CIK
- 0001213900-26-039455
0001888274
Revenue and margins
Defi Technologies, Inc. had $99.1M of revenue in fiscal 2025, up 215.5% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$133M in fiscal 2025, −134.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Defi Technologies, Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 27.7%.
Balance sheet
Cash, debt and the ratios that show how comfortably Defi Technologies, Inc. can carry it.
| Fiscal year end | FY24 | FY25 |
|---|---|---|
| Cash and short-term investments | $15.9M | $91.2M |
| Interest coverage | — | 9.9x |
| Current ratio | 0.8x | 1.0x |
| Quick ratio | 0.8x | 1.0x |
| Total assets | $919M | $825M |
| Total liabilities | $899M | $675M |
| Shareholders' equity | $19.1M | $150M |
| Net debt (− = net cash) | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | ✕ | ✓ |
| Cash from operations is positive | ✕ | ✕ |
| Return on assets rose | — | ✓ |
| Cash from operations exceeds net income | ✕ | ✕ |
| Debt fell relative to assets | — | — |
| Current ratio rose | — | ✓ |
| Share count didn't rise | — | ✕ |
| Gross margin rose | — | — |
| Revenue rose relative to assets | — | ✓ |
| F-score | — / 3 | 4 / 7 |
| Accruals ratio | 7.2% | 22.5% |
| Altman Z'' | −2.12 | 0.18 |
2 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY24 | FY25 |
|---|---|---|
| Income statement | ||
| Revenue | $31.4M | $99.1M |
| Net interest income | −$2.8M | $0.8M |
| Operating income | −$29.9M | $46.5M |
| Interest expense | — | $4.7M |
| Pretax income | −$28.5M | $63.5M |
| Net income | −$28.5M | $62.4M |
| Net income to common | −$28.5M | $62.4M |
| Diluted EPS | −$0.10 | $0.17 |
| Diluted shares | 0.30B | 0.38B |
| Cash flow | ||
| Cash from operations | −$94.9M | −$133M |
| Capital expenditure | — | $0.0M |
| Free cash flow | — | −$133M |
| Stock-based compensation | $19.2M | $13.2M |
| Acquisitions | −$10.4M | $0.6M |
| Balance sheet | ||
| Cash and short-term investments | $15.9M | $91.2M |
| Current assets | $711M | $667M |
| Current liabilities | $899M | $672M |
| Property and equipment, net | $0.0M | — |
| Goodwill | $37.2M | $35.1M |
| Intangible assets | $1.6M | $0.4M |
| Total assets | $919M | $825M |
| Total liabilities | $899M | $675M |
| Shareholders' equity | $19.1M | $150M |
| Margins | ||
| Operating margin | −95.1% | 46.9% |
| Net margin | −90.8% | 62.9% |
| FCF margin | — | −134.5% |
| Net interest share of revenue | −9.0% | 0.8% |
| Returns | ||
| Return on capital employed | −156.2% | 30.6% |
| Return on equity | −149.0% | 74.0% |
| Return on assets | −3.1% | 7.2% |
| Return on tangible equity | — | 54.7% |
| Growth | ||
| Revenue growth | — | 215.5% |
| Share count change | — | 27.7% |
| Financial health | ||
| Interest coverage | — | 9.9x |
| Current ratio | 0.8x | 1.0x |
| Quick ratio | 0.8x | 1.0x |
| Capital allocation | ||
| Capex / revenue | — | 0.0% |
| Stock comp / revenue | 61.3% | 13.3% |
| Quality scores | ||
| Piotroski F-score | — | 4.0 |
| Altman Z'' | −2.1 | 0.2 |
| Accruals ratio | 7.2% | 22.5% |
Source: SEC EDGAR XBRL filings (CIK 0001888274). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.