Saturday 17 October 2026
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DEFSEC Technologies Inc.
DFSC Industrials Aerospace & Defense
DEFSEC Technologies Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.5 million, up 219.6% from fiscal 2024. In the quarter to June 2026, revenue grew 91.8%, EPS grew 65.5% and free cash flow grew 23.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
0.70
0.03
−4.11%
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| Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 | Sep '20 | Sep '19 | Sep '18 | |
|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 4 | 4 | 2 | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
P/S ratio |
0.61 | 1.15 | 7.39 | 8.01 | 66.82 | 0.00 | — | — |
Altman Z-Score |
(6.68) | (16.12) | (6.78) | (9.87) | 14.31 | — | — | — |
Altman Z″-Score (non-manufacturers) |
(13.25) | (37.46) | (15.90) | (25.77) | (8.19) | — | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Beneish M-Score |
(1.26) | (0.91) | — | (9.06) | (2.76) | — | — | — |
P/Operating CF |
(2.34) | (0.78) | (3.38) | (18.79) | (60.82) | (45.75) | — | — |
P/B ratio |
0.39 | 1.27 | 2.32 | 0.00 | 13.92 | 20.80 | — | — |
Price to Tangible BV |
0.56 | 0.00 | 0.00 | 0.00 | 32.13 | 32.33 | — | — |
EV/Sales |
(0.24) | 2.58 | 4.93 | 10.89 | 65.12 | 0.00 | — | — |
EV/EBITDA |
0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
EV/Operating CF |
0.15 | (0.43) | (0.43) | (1.85) | (13.28) | 0.00 | — | — |
EV/FCF |
0.15 | (0.42) | (0.40) | (1.40) | (11.76) | 0.00 | — | — |
Quick Ratio |
2.82 | 0.29 | 0.90 | 0.05 | 2.95 | 3.17 | 11.11 | 0.00 |
Current Ratio |
3.07 | 0.62 | 1.07 | 0.22 | 3.50 | 3.57 | 11.11 | 0.00 |
Net Debt/EBITDA |
0.84 | 0.03 | 0.49 | (0.21) | 0.29 | 1.36 | 2.41 | 0.00 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 31.12% | 0.98% | 11.18% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | (2.27) | 0.01 | 0.15 | 0.00 | 0.00 |
Asset Turnover |
0.53 | 0.17 | 0.13 | 0.09 | 0.19 | 0.31 | 0.00 | — |
Operating CF/Net income |
0.83 | 1.22 | 1.51 | 0.40 | 0.67 | 0.51 | 0.03 | 332.00 |
Capex/Depreciation |
(0.15) | (0.09) | (1.36) | (4.18) | (6.34) | 0.00 | — | — |
Interest Coverage |
(52.39) | (49.91) | (18.12) | (19.95) | (85.39) | 0.00 | — | 0.00 |
| (209.08%) | (278.60%) | (647.01%) | (405.56%) | (190.37%) | (173.77%) | (58.71%) | 0.00% | |
| (102.98%) | (85.09%) | (95.49%) | (130.39%) | (135.72%) | (128.22%) | (55.22%) | 0.00% | |
ROIC |
(531.54%) | (566.31%) | 0.00% | (586.51%) | (164.76%) | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(152.63%) | 905.27% | (1,062.79%) | 229.85% | (245.15%) | (104.68%) | (45.65%) | (0.10%) |
Average Days of Receivables |
110.34 | 137.78 | 88.77 | 86.97 | 200.07 | 203.65 | — | — |
Research and Development Expense of Revenue |
47.91% | 164.71% | 133.22% | 286.12% | 167.59% | 93.22% | — | — |
Selling, General and Administrative Expense of Revenue |
149.25% | 519.06% | 831.91% | 1,138.06% | 591.11% | 189.93% | 0.00% | — |
Intangible Assets out of Total Assets |
0.19 | 0.57 | 0.35 | 0.65 | 0.40 | 0.12 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
2.30% | 19.39% | 30.26% | 271.64% | 192.99% | 0.00% | — | — |
Graham Net Nets |
1.26 | (1.39) | (0.11) | (1.18) | 0.02 | 0.02 | — | — |
Graham Number |
0.00 | 0.00 | 0.00 | 3,604.26 | 0.00 | 0.00 | — | — |
Earnings Yield |
(728.57%) | (429.79%) | (120.53%) | (198.95%) | (11.10%) | (11.10%) | — | — |
Free Cash Flow Yield |
(267.37%) | (528.99%) | (168.62%) | (97.19%) | (8.29%) | 0.00% | — | — |
Revenue per Share |
5.79 | 28.06 | 47.18 | 161.40 | 336.60 | 1.46 | 0.00 | 0.00 |
Operating CF per Share |
(9.32) | (169.00) | (538.11) | (952.14) | (1,650.33) | (3.03) | (0.39) | (2.09) |
Capex per Share |
(0.20) | (2.07) | (49.69) | (305.14) | (235.67) | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
(9.52) | (171.08) | (587.80) | (1,257.29) | (1,886.00) | (3.03) | (0.39) | (2.09) |
Cash per Share |
7.89 | 5.35 | 207.81 | 44.86 | 717.13 | 5.21 | 35.41 | 4.21 |
Shareholders Equity per Share |
9.14 | 25.52 | 150.43 | (224.34) | 1,615.63 | 6.58 | 32.24 | 6.30 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.14 | 25.52 | 150.43 | (224.34) | 1,615.63 | 6.58 | 32.24 | 6.30 |
Free Cash Flow |
(5.81) | (6.74) | (11.40) | (4.40) | (5.66) | (1.34) | 0.00 | (0.03) |
Working Capital |
4.31 | (0.83) | 0.34 | (4.24) | 2.29 | 2.15 | 0.14 | 0.08 |
Capital Expenditures |
(0.12) | (0.08) | (0.96) | (1.07) | (0.71) | (0.20) | — | — |
Net Current Asset Value |
2.74 | (1.77) | (0.73) | (5.33) | 1.16 | 1.92 | 0.14 | 0.08 |
EV/EBIT |
0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Capex to Sales |
0.03 | 0.07 | 1.05 | 1.89 | 0.70 | 0.00 | — | — |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Other line items | ||||||||
Depreciation/Fixed assets |
3.87 | 4.10 | 2.28 | 0.39 | 0.16 | 0.21 | — | — |
Cash ROIC |
(55.89%) | (554.13%) | (164.08%) | (380.70%) | (80.08%) | (23.72%) | (0.57%) | (19.92%) |
Accounts Receivable Turnover |
4.76 | 3.46 | 5.12 | 1.64 | 2.21 | 0.00 | — | — |
Accounts Payable Turnover |
1.60 | 0.61 | 0.45 | 0.19 | 1.00 | 0.00 | — | — |
Inventory Turnover |
6.00 | 1.88 | 2.98 | 2.21 | 0.00 | 0.00 | — | — |
Average Days of Payables |
263.18 | 595.52 | 422.34 | 3,032.66 | 515.03 | 513.40 | — | — |
Days of Inventory on Hand |
59.19 | 191.19 | 138.85 | 267.63 | 41.27 | 0.00 | — | — |
Average Receivables |
0.74 | 0.32 | 0.18 | 0.34 | 0.46 | — | — | — |
Average Payables |
1.44 | 1.22 | 2.36 | 2.19 | 0.63 | — | — | — |
Average Inventory |
0.38 | 0.40 | 0.36 | 0.19 | — | — | — | — |
Average Assets |
6.68 | 6.42 | 7.23 | 6.32 | 5.43 | 2.06 | 0.11 | — |
Average Common Equity |
3.29 | 1.96 | 1.07 | 2.03 | 3.87 | 1.52 | 0.11 | — |
Columns are period end dates