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Friday 6 November 2026
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DeFi Technologies Inc.
DEFT Financial Capital Markets
DeFi Technologies Inc.’s revenue for fiscal 2025 (year ended December 2025) was $99.1 million, up 215.5% from fiscal 2024.
- Revenue
- −40.7%
- EPS
- −925.6%
- Free cash flow
- −24.3%
- Total debt
- −72.6%
Quarter to June 2026, against a year earlier
0.34
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 12 | 1 | 8 | 31 | 99 | 61 | +69.4% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | — | 12 | (38) | (15) | (29) | 64 | 24 | +51.6% | ||||||
| EBT margin, % | — | — | — | — | — | 100.00 | (2,945.87) | (195.94) | (90.79) | 64.10 | 38.69 | (35.9) pt | ||||||
| Net income | — | — | — | — | — | 0 | (38) | (15) | (29) | 62 | 24 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.06 | 0.01 | 0.03 | 0.11 | 0.29 | 0.16 | +46.4% | |||||
| Earnings | — | — | — | — | — | (0.30) | (0.19) | (0.07) | (0.09) | 0.18 | 0.06 | n/m | ||||||
| Cash flow | — | — | — | — | — | 0.00 | (0.33) | (0.30) | (0.32) | (0.39) | (0.21) | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0.00 | (0.33) | (0.30) | (0.32) | (0.39) | (0.21) | n/m | ||||||
| Book value | — | — | — | — | — | 0.00 | 0.16 | 0.06 | 0.06 | 0.43 | 0.37 | n/m | ||||||
| Shares, m | — | — | — | — | — | 193 | 209 | 232 | 296 | 345 | 366 | +15.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 4.26 | 5.67 | 0.9 | |||||
| P/S | — | — | — | — | — | 2.42 | 2.42 | 16.00 | 25.58 | 2.61 | 2.16 | 9.8 | ||||||
| P/B | — | — | — | — | — | 0.68 | 0.68 | 11.73 | 50.40 | 1.77 | 0.95 | 13.1 | ||||||
| EV/Sales | — | — | — | — | — | 19.06 | 19.06 | 19.06 | 25.06 | 0.96 | — | 16.6 | ||||||
| EV/FCF | — | — | — | — | — | (5.86) | (5.86) | (5.86) | (8.30) | (0.71) | — | (5.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | (69) | (69) | (95) | (133) | (82) | +24.6% | |||||
| Capex | — | — | — | — | — | — | — | — | — | 0 | — | — | ||||||
| Free cash flow | — | — | — | — | — | — | (69) | (69) | (95) | (133) | (82) | +24.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | (40) | (56) | (188) | (5) | 61 | (49.6%) | |||||
| Net debt | — | — | — | — | — | — | 38 | 37 | (18) | (94) | (128) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | 34 | 14 | 19 | 150 | 143 | +64.3% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | (47.61) | (5.01) | (4.20) | 7.16 | 3.26 | +7.2 pt | |||||
| ROIC | — | — | — | — | — | 0.00 | (24.37) | (9.00) | (1,291.14) | 49.81 | 51.14 | +49.8 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | 0.00 | (73.59) | (216.02) | 76.89 | 22.98 | +76.9 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | 8 | 9 | 9 | 26 | — | +48.1% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.16 | 0.85 | 3.49 | 3.81 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
DeFi Technologies Inc. vs peers in Capital Markets (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 |
|---|---|---|---|---|---|---|---|---|---|
| USDE StablecoinX Inc. | $178.9M | — (loss-making) | — | — | n/m | −105.33% (below 0%: shrinking) | 60.26% | (58,278.53%) | Compare |
| FUFU BitFuFu Inc. | $149.7M | — (loss-making) | — (loss-making) | −62.94% (below 0%: shrinking) | n/m | +92.59% (above 0%: growing) | (2.24%) | (51.24%) | Compare |
| AUC ATIF Holdings Limited | $138.3M | — (loss-making) | — (loss-making) | +275.00% (above 0%: growing) | n/m | −4,494.70% (below 0%: shrinking) | 100.00% | 29.15% | Compare |
| DEFT DeFi Technologies Inc. | $133.2M | 5.7× | — | −40.69% (below 0%: shrinking) | n/m | −24.31% (below 0%: shrinking) | 100.00% | (22.78%) | |
| SLNH Soluna Holdings, Inc. | $112.8M | — (loss-making) | — (loss-making) | +144.56% (above 0%: growing) | n/m | −124.94% (below 0%: shrinking) | 5.09% | (112.50%) | Compare |
| GSIW Garden Stage Limited | $111.4M | — | — | — | — | +38.83% (above 0%: growing) | — | — | Compare |
| NAKA KindlyMD, Inc. | $99.7M | — (loss-making) | — (loss-making) | +8,680.66% (above 0%: growing) | n/m | −25.71% (below 0%: shrinking) | 57.82% | (415.62%) | Compare |
| WTF Waton Financial Limited | $94.6M | — | — | — | — | −161.72% (below 0%: shrinking) | — | — | Compare |
| BMHL Bluemount Holdings Limited | $86.5M | — | — | — | — | −870.71% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $112.1M | — | — | +209.78% | — | −115.13% | 57.82% | (112.50%) |