DEFSEC Technologies Inc. DFSC

1.10 0.04 3.77% as of 25 Sep
Market cap
$2.9M
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 2.92
Revenue 5.44
Net Income (6.50)
Free Cash Flow (5.74)
Net Debt (2.55)
Current Ratio 2.16
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 0.41
P/B ratio 0.60
Past 5Y EPS Growth (690.01%)
This Y EPS Growth 81.16%
Next Y EPS Growth 34.89%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 4 0 5 3
Receivables 0 0 1 2
Inventory 0 0 0 0
Other — — — —
5 1 6 5
2023 2024 2025 Q'26
Payables 1 1 2 2
ST’ Debt — — — —
Other 3 1 0 0
5 2 2 2
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 40.60% 84.25%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 13.98% 0.00%

Revenue

Dec Mar Jun Sep Year
’26 1 2 2 — —
’25 1 1 1 1 4
’24 0 0 0 0 1
’23 0 0 0 0 1
’22 0 0 0 0 1
’21 0 0 0 0 1
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Dec Mar Jun Sep Year
’26 (2) (1) (1) — —
’25 (2) (1) (1) (1) (6)
’24 (2) (2) (1) (2) (7)
’23 (5) (2) (2) (2) (10)
’22 (1) (1) (1) 0 (3)
’21 (1) (1) (1) (1) (5)
’20 — — — — (1)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Dec Mar Jun Sep Year
’26 (2) (1) (1) — —
’25 (2) (1) (1) (1) (6)
’24 (2) (2) (1) (2) (7)
’23 (5) (2) (2) (2) (11)
’22 (2) (1) (1) (1) (4)
’21 (1) (2) (1) (2) (6)
’20 — — — — (1)
in millions of $ · fiscal quarters ending in the months shown

EPS

Dec Mar Jun Sep Year
’26 (1.00) (0.74) (0.92) — —
’25 (17.02) (4.29) (2.67) (1.96) (11.28)
’24 (10.50) (94.54) (21.01) (12.95) (138.87)
’23 (212.18) (44.12) (126.05) (37.81) (376.05)
’22 (881.47) (587.65) (587.65) (516.81) (2.37k)
’21 (440.74) (587.65) (734.56) (734.56) (2.50k)
’20 — — — — (5.99)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — 9,740.22 8,878.80 17.01 130.20 10.75 0.22

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — 19,257.00 30,546.60 17,787.00 808.29 351.33 26.46
High Price
— — — — — — 17 28 29 46
Employees
— — — — 0 0 0 0 0 0
Revenue/Emp
— — — — 1 1 1 1 1 4
Revenue
— — — — 59.33% 37.38% 25.62% (15.50%) 32.34% 35.16%
Gross Margin
— — 0 0 (3) (7) (8) (7) (5) (7)
EBT
— — 0.00% 0.00% (410.35%) (730.15%) (1,464.86%) (753.93%) (494.44%) (194.77%)
EBT Margin
— — 0 0 (3) (7) (8) (7) (5) (7)
Net Income
— — — — 0 0 0 1 1 1
Depreciation
— — 0.00 0.00 1.46 336.60 161.40 47.18 28.06 5.79
Revenue/Sh
— — (0.01) (14.63) (5.99) (2,497.50) (2,369.75) (376.05) (138.87) (11.28)
Earnings/Sh
— — (2.09) (0.39) (3.03) (1,650.33) (952.14) (538.11) (169.00) (9.32)
Cash Flow/Sh
— — 0.00 0.00 0.00 (235.67) (305.14) (49.69) (2.07) (0.20)
Capex/Sh
— — (2.09) (0.39) (3.03) (1,886.00) (1,257.29) (587.80) (171.08) (9.52)
Free CF/Sh
— — 6.30 32.24 6.58 1,615.63 (224.34) 150.43 25.52 9.14
Book Value/Sh
— — 0 0 0 0 0 0 0 1
Shares
— — — — 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
— — — — 0.00 66.82 8.01 7.39 1.15 0.61
PS Ratio
— — — — 20.80 13.92 0.00 2.32 1.27 0.39
PB Ratio
— — — — 0.00 65.12 10.89 3.24 1.17 (0.68)
EV/Sales
— — — — 0.00 (11.76) (1.40) (0.26) (0.19) 0.41
EV/FCF
— — 0 0 (1) (5) (3) (10) (7) (6)
Op' Cash Flow
— — — — 0 (1) (1) (1) 0 0
Capex
— — 0 0 (1) (6) (4) (11) (7) (6)
FCF
— — 0 0 2 2 (4) 0 (1) 4
Working Cap'
— — — — 0 0 2 — — —
Total Debt
— — 0 0 (2) (2) 2 (4) 0 (5)
Net Debt
— — 0 0 3 5 (1) 3 1 6
Sh' Equity
— — 0.00% (55.22%) (128.22%) (135.72%) (130.39%) (95.49%) (85.09%) (102.98%)
ROA
— — 0.00% 0.00% 0.00% (164.76%) (586.51%) 0.00% (566.31%) (531.54%)
ROIC
— — 0.00% (58.71%) (173.77%) (190.37%) (405.56%) (647.01%) (278.60%) (209.08%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

DEFSEC Technologies Inc. peers in Aerospace & Defense

All 82 Aerospace & Defense stocks →

DEFSEC Technologies Inc. (DFSC) key facts

  • DEFSEC Technologies Inc. (DFSC) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
  • DEFSEC Technologies Inc.’s revenue for fiscal 2025 (year ended September 2025) was CAD 3.5 million, up 219.6% from fiscal 2024.
  • As of September 25, 2026, DFSC traded at $1.10, a market capitalization of $2.9 million.
  • Return on equity was −209.1% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

DEFSEC Technologies Inc. (DFSC) Latest News

News by impact score

Fine-tune

18 Aug

3

DEFSEC Technologies Inc. closed a CDN$5.54 million private placement. CDN$5.54 million capital infusion supports operations and financial flexibility.

17 Aug

3

DEFSEC Technologies Inc. (DFSC) announces a CDN$5.54 million private placement. Private placement raises CDN$5.54 million in capital that may support operations and affect financial position.

3

DEFSEC Technologies Inc. (DFSC) announces CDN$5.54 million private placement. CDN$5.54 million private placement supplies capital that supports operations and growth.

13 Aug

4

DEFSEC Technologies Inc. (formerly KWESST Micro Systems Inc.) reported continued growth in its fiscal Q3 2025 results, highlighting increased revenue and strategic advancements in its product offerings. The company emphasized its commitment to innovation and expanding its market presence, which contributed to positive financial performance during the quarter. Continued growth and strategic advancements are likely to significantly impact the company's future performance and market positioning.

3

DEFSEC Technologies Inc. reported third quarter fiscal 2026 results. Quarterly results provide performance data that can shift near-term valuation and sentiment.

26 Jun

3

DEFSEC Technologies Inc. (DFSC) closed a CAD$2.5 million registered direct offering. CAD$2.5 million direct offering supplies fresh capital that supports operations and modestly improves liquidity.

3

DEFSEC Technologies closed CAD$2.5 million registered direct offering. CAD$2.5 million capital raise bolsters liquidity and operations without shifting long-term trajectory.

25 Jun

4

KWESST Micro Systems Inc. intends to change its name to DEFSEC Technologies Inc. at the opening of its new facility in Ottawa, Ontario, pending approval from the TSX Venture Exchange. The name change, effective around June 30, 2025, aims to better reflect the company's focus on defense and public security technologies. The company will also change its ticker symbol to DFSC on both the TSXV and Nasdaq. The new facility is more than twice the size of the previous one, accommodating the company's growth. No changes to share capital or warrants are required from shareholders. The name change and new facility opening signify a strategic shift that could enhance market positioning and investor sentiment.

3

DEFSEC Technologies Inc. (DFSC) announces CAD$2.5 million registered direct offering. CAD$2.5 million direct offering supplies fresh capital that affects financial runway but leaves core operations unchanged.

13 May

4

DEFSEC Technologies Inc. announced strong second quarter results, highlighting robust financial performance and growth. Strong Q2 results demonstrate significant financial improvement, likely enhancing investor sentiment and future market performance.

3

DEFSEC Technologies Inc. (DFSC) reported strong second quarter results. Strong quarterly results indicate improved financial performance likely to positively affect market sentiment.

6 May

4

DEFSEC Technologies Inc. (DFSC) announces the commercial release of its next-generation Lightning™ real-time situational awareness system designed for critical incident response. Commercial launch of next-generation Lightning™ system marks a major product advancement poised to enhance revenue, competitive edge, and investor interest.

4

DEFSEC Technologies Inc. (DFSC) announces commercial release of Lightning™, its next-generation real-time situational awareness system for critical incident response. Commercial launch of next-generation Lightning™ system marks a significant product advancement enhancing DFSC's competitive edge in critical incident technology.

29 Apr

4

DEFSEC Technologies Inc. (DFSC) shipped its new BLISS (Battlespace Laser Identification Sensor System) to the U.S. Army Yuma Test Center. Shipping a new defense sensor system to U.S. Army test center signals major progress toward potential high-value military contracts.

3

DEFSEC Technologies Inc. ships its new Battlespace Laser Identification Sensor System (BLISS) to the U.S. Army Yuma Test Center. BLISS system shipment to Army test facility signals potential defense contracts ahead for DEFSEC.

20 Apr

4

DEFSEC Technologies Inc. (DFSC) announced changes to its board of directors, driving shares up 13%. Board changes signal major strategic realignment, as evidenced by the immediate 13% share price surge.

3

DEFSEC Technologies Inc. (DFSC) announces board changes to strengthen strategic leadership. Board changes aimed at strengthening strategic leadership can moderately enhance decision-making and competitive positioning.

31 Mar

4

DEFSEC Technologies Inc. (DFSC) announces the Next Generation Battlespace Laser Identification Sensor System (BLISS) and companion application suite. Major product launch of next-generation BLISS system and app suite boosts DFSC's defense tech innovation and market positioning.

12 Feb

4

DEFSEC Technologies Inc. reported strong financial results for the first quarter of fiscal 2026, showcasing significant revenue growth and improved profitability. The company highlighted key achievements, including successful product launches and increased demand in its core markets. Management expressed optimism about future performance, citing strategic initiatives aimed at enhancing operational efficiency and expanding market reach. Strong financial results and strategic initiatives indicate significant potential for future growth and market performance.

2 Feb

3

DEFSEC Technologies Inc. has announced the appointment of a new senior executive, aiming to enhance its leadership team and drive future growth. The new executive brings extensive experience in the technology sector, which is expected to contribute positively to the company's strategic initiatives and operational efficiency. The appointment of a senior executive may moderately influence the company's operational effectiveness and strategic direction.

30 Jan

3

DEFSEC Technologies Inc. has filed restated interim financial statements for the periods ending March 31, 2023, and June 30, 2023. The restatement was necessary due to adjustments in revenue recognition and expense allocations, which were identified during the company's financial review. These changes are expected to provide a clearer picture of the company's financial health and performance. The company emphasizes its commitment to transparency and accuracy in financial reporting. Restated financial statements may moderately influence investor confidence and perceptions of financial stability.

23 Jan

3

DEFSEC Technologies Inc. has announced the appointment of a new board member, enhancing its governance structure. Additionally, the company provided an update regarding its upcoming shareholder meeting, indicating ongoing engagement with its investors and commitment to transparency. The board appointment and shareholder meeting update may influence investor sentiment and governance but are not expected to significantly alter the company's trajectory.

29 Dec

4

DEFSEC Technologies Inc. reported its full year fiscal 2025 results, highlighting significant revenue growth and improved profitability. The company anticipates continued momentum into fiscal 2026, driven by new product launches and expanding market opportunities. Management expressed confidence in achieving strategic goals and enhancing shareholder value in the upcoming year. The anticipated growth and strategic initiatives are likely to significantly impact the company's future performance and investor sentiment.

18 Dec

3

DEFSEC Technologies Inc. has successfully closed a registered direct offering, raising CAD$2.1 million. The offering involved the sale of units, each consisting of one common share and a warrant to purchase an additional share. The proceeds are intended to be used for general corporate purposes, including working capital and potential growth initiatives. The offering was conducted under a prospectus supplement and is expected to enhance the company's financial position. The capital raised may support operational growth and financial stability, but its overall impact on the company's trajectory is expected to be limited.

17 Dec

3

DEFSEC Technologies Inc. (DFSC) has announced a registered direct offering of CAD$2.1 million. The offering is expected to provide the company with additional capital to support its growth initiatives and operational needs. The transaction is anticipated to close on or about October 30, 2023, subject to customary closing conditions. The capital raised may support growth initiatives but is not expected to fundamentally alter the company's trajectory.

5 Dec

4

DEFSEC Technologies Inc. (DFSC) has announced a significant increase in annualized billings for government services, projecting revenue growth to approximately CAD$8.3 million starting February 2026. This momentum is expected to enhance the company's financial performance and market position moving forward. The projected increase in annualized billings indicates a significant strategic move that could enhance future revenue and investor sentiment.

31 Oct

3

DEFSEC Technologies Inc. (DFSC) has been identified as one of the most active stocks in British Columbia, indicating heightened trading activity and interest among investors. This surge in activity may reflect broader market trends or specific developments related to the company, potentially influencing its stock performance and investor sentiment. Increased trading activity suggests a moderately noticeable influence on market sentiment and potential financial performance.

14 Aug

3

DEFSEC Technologies Inc. reported a loss of CA$3.69 per share for the third quarter of 2025, a significant improvement compared to a loss of CA$27.72 per share in the same quarter of 2024. The company continues to navigate financial challenges while showing signs of recovery in its earnings performance. The reduction in loss per share indicates a moderately positive trend in financial performance, but challenges remain.

7 Aug

3

DEFSEC Technologies Inc. has successfully closed a public offering, raising CAD$6.8 million. The offering was conducted through a syndicate of agents and involved the issuance of common shares. The funds raised will be utilized to support the company's growth initiatives and operational needs. This financing is expected to enhance DEFSEC's capabilities in its sector. The capital raised will support growth initiatives, potentially influencing financial performance and market positioning.

24 Jul

3

DEFSEC Technologies Inc. has announced the pricing of a public offering amounting to CAD$6.8 million. The offering is expected to enhance the company's financial position and support its growth initiatives. The shares will be offered at a price of CAD$0.80 each, with the offering expected to close on or about October 30, 2023, subject to customary closing conditions. The public offering is likely to provide necessary capital for growth but does not fundamentally change the company's competitive landscape.

stockrow.com/DFSC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com