Saturday 7 November 2026
Export DCM’s income statement to Excel — free account
DeFi Capital Markets, Inc.
DCM Technology Information Technology Services
DeFi Capital Markets, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $4.8 million, down 79.4% from fiscal 2025.
- Revenue
- −97.1%
- EPS
- −129.5%
- Free cash flow
- −112.2%
- Total debt
- −66.2%
Quarter to June 2026, against a year earlier
2.98
0.14
−4.49%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jun ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 14 | 15 | 18 | 15 | 18 | 20 | 22 | 20 | 24 | 5 | 1 | (11.2%) | — | — | — | — | |
| Gross margin, % | 29.46 | 30.55 | 31.58 | 25.39 | 32.19 | 30.86 | 28.63 | 28.68 | 28.99 | 16.57 | 10.45 | (12.9) pt | ||||||
| EBT | (2) | (2) | (1) | (6) | 0 | 0 | 1 | (1) | 0 | (2) | (5) | +0.3% | ||||||
| EBT margin, % | (14.62) | (15.21) | (7.66) | (39.28) | 1.53 | (0.40) | 3.31 | (3.56) | 0.59 | (43.73) | (448.14) | (29.1) pt | ||||||
| Net income | (2) | (2) | (1) | (6) | 0 | 0 | 1 | (1) | 1 | (2) | (5) | +2.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 6.09 | 6.43 | 7.60 | 6.40 | 7.57 | 8.45 | 9.59 | 8.44 | 10.19 | 2.02 | 0.39 | (11.5%) | |||||
| Earnings | (0.89) | (0.98) | (0.58) | (2.51) | 0.12 | (0.03) | 0.31 | (0.30) | 0.22 | (1.04) | (2.05) | +1.7% | ||||||
| Cash flow | (0.93) | 0.23 | 0.00 | 0.00 | 0.60 | (0.80) | 0.65 | 0.26 | (0.45) | 0.22 | (0.42) | n/m | ||||||
| Capex | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.07 | (0.02) | n/m | ||||||
| Free cash flow | (0.93) | 0.22 | 0.00 | 0.00 | 0.60 | (0.80) | 0.65 | 0.26 | (0.45) | 2.29 | (0.43) | n/m | ||||||
| Book value | 6.15 | 5.51 | 4.70 | 1.92 | 2.04 | 2.01 | 2.32 | 2.02 | 2.23 | 1.35 | 1.18 | (15.5%) | ||||||
| Shares, m | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | +0.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 56.25 | 0.00 | 7.48 | 0.00 | 8.48 | 0.00 | 0.00 | 7.2 | |||||
| P/S | 0.48 | 0.20 | 0.18 | 0.06 | 0.89 | 0.50 | 0.24 | 0.19 | 0.17 | 2.72 | 7.88 | 0.6 | ||||||
| P/B | 0.48 | 0.24 | 0.29 | 0.20 | 3.31 | 2.12 | 1.00 | 0.79 | 0.80 | 4.08 | 2.58 | 1.3 | ||||||
| EV/Sales | 0.63 | 0.30 | 0.26 | 0.17 | 0.94 | 0.61 | 0.31 | 0.23 | 0.25 | 2.15 | 5.32 | 0.6 | ||||||
| EV/FCF | (4.15) | 8.70 | (455.66) | (364.92) | 12.06 | (6.33) | 4.64 | 7.65 | (5.60) | 1.90 | (4.75) | (80.2) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (2) | 1 | 0 | 0 | 1 | (2) | 1 | 1 | (1) | 1 | (1) | n/m | |||||
| Capex | — | 0 | — | — | — | — | — | — | — | 5 | 0 | n/m | ||||||
| Free cash flow | (2) | 1 | 0 | 0 | 1 | (2) | 1 | 1 | (1) | 5 | (1) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4 | 3 | 2 | 5 | 6 | 4 | 5 | 4 | 5 | 3 | 3 | (1.0%) | |||||
| Net debt | 2 | 1 | 1 | 2 | 1 | 2 | 1 | 1 | 2 | (3) | (3) | n/m | ||||||
| Shareholders’ equity | 14 | 13 | 11 | 4 | 5 | 5 | 5 | 5 | 5 | 3 | 3 | (15.2%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (10.97) | (12.13) | (7.13) | (42.93) | 3.42 | (0.82) | 7.23 | (8.32) | 5.52 | (34.72) | (79.53) | (23.7) pt | |||||
| ROIC | (3.77) | (3.19) | 0.95 | (16.04) | 1.48 | 0.69 | 9.12 | (6.58) | 3.63 | (800.61) | (660.89) | (796.8) pt | ||||||
| ROE | (13.17) | (16.77) | (11.41) | (75.89) | 5.86 | (1.67) | 14.41 | (13.89) | 10.19 | (59.19) | (95.03) | (46.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 14 | 14 | 13 | 13 | 13 | 12 | 11 | 11 | 11 | 7 | — | (7.4%) | |||||
| Revenue/emp, $m | 1.01 | 1.06 | 1.35 | 1.14 | 1.35 | 1.63 | 2.02 | 1.77 | 2.14 | 0.69 | — | (4.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Jun 2026
DeFi Capital Markets, Inc. vs peers in Information Technology Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VEEA Veea Inc. | $14.0M | — (loss-making) | — | +141.70% (above 0%: growing) | n/m | −77.61% (below 0%: shrinking) | 77.98% | (4,054.99%) | Compare |
| SOAR SOAR AI, Inc. | $9.9M | 0.5× | — | −96.12% (below 0%: shrinking) | n/m | −153.91% (below 0%: shrinking) | 69.74% | (261.14%) | Compare |
| DCM DeFi Capital Markets, Inc. | $9.4M | — (loss-making) | 32.8× | −97.13% (below 0%: shrinking) | n/m | −112.17% (below 0%: shrinking) | 8.30% | (672.63%) | |
| GMM Global Mofy AI Limited | $9.1M | — | — | — | — | +56.29% (above 0%: growing) | — | — | Compare |
| OPNW OpenWorld, Inc. | $7.7M | — (loss-making) | — (loss-making) | −57.79% (below 0%: shrinking) | n/m | −176.67% (below 0%: shrinking) | 53.51% | (29.14%) | Compare |
| CYCU Cycurion, Inc. | $7.2M | — (loss-making) | — (loss-making) | −3.36% (below 0%: shrinking) | n/m | +8.59% (above 0%: growing) | 29.10% | (50.16%) | Compare |
| ARBB ARB IOT Group Limited | $6.3M | — | — | — | — | −99.18% (below 0%: shrinking) | — | — | Compare |
| LZMH LZ Technology Holdings Limited | $6.3M | — | — | — | — | — | — | — | Compare |
| DTST Data Storage Corp. | $5.6M | 1.3× | — (loss-making) | +9.30% (above 0%: growing) | n/m | −332.80% (below 0%: shrinking) | 47.00% | (357.63%) | Compare |
| Median of peers | $7.5M | — | — | −3.36% | — | −99.18% | 53.51% | (261.14%) |
Pay and ownership Proxy statement filed 20 October 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 513.50k | 513.50k | 369.00 |
| 2025 | 433.28k | 433.28k | 94.00 |
| 2024 | 423.45k | 423.45k | 37.00 |
Ownership
Directors and executive officers, together
49.26%
Milton C. Ault, III
40.79%
Hyperscale Data, Inc.
39.25%
David E. Lazar
9.29%
Harvey B. Grossblatt
5.21%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement