Saturday 17 October 2026 Export DFSC’s income statement to Excel — free account

DEFSEC Technologies Inc.

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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Market cap: $2.0M
P/E: 0.0×
Fwd P/E: −0.6×
Dividend yield: —
F-score: 5/9
Altman Z: −6.68
Beneish M: −1.26
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 1.95

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

Fwd P/E (0.56)

P/S ratio 0.26

P/B ratio 0.38

Past 5Y EPS Growth —

This Y EPS Growth 81.16%

Next Y EPS Growth 34.89%

Next Y revenue growth 125.58%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.32%

10-year low 10-year high

P/B against its own 10 years 8.34%

10-year low 10-year high

EV/Sales against its own 10 years 1.71%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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)

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	9,740.22	8,878.80	17.01	130.20	10.75	0.22	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	19,257.00	30,546.60	17,787.00	808.29	351.33	26.46
People
People	Employees	—	—	—	—	—	—	17	28	29	46
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.03	0.03	0.04	0.08
Income, $m
Income, $m	Revenue	—	—	—	—	1	1	1	1	1	4
	Gross margin, %	—	—	—	—	59.33	37.38	25.62	(15.50)	32.34	35.16
	EBT	—	—	0	0	(3)	(7)	(8)	(7)	(5)	(7)
	EBT margin, %	—	—	0.00	0.00	(410.35)	(730.15)	(1,464.86)	(753.93)	(494.44)	(194.77)
	Net income	—	—	0	0	(3)	(7)	(8)	(7)	(5)	(7)
	Depreciation	—	—	—	—	0	0	0	1	1	1
Per share, $
Per share, $	Revenue	—	—	0.00	0.00	1.46	336.60	161.40	47.18	28.06	5.79
	Earnings	—	—	(0.01)	(14.63)	(5.99)	(2,497.50)	(2,369.75)	(376.05)	(138.87)	(11.28)
	Cash flow	—	—	(2.09)	(0.39)	(3.03)	(1,650.33)	(952.14)	(538.11)	(169.00)	(9.32)
	Capex	—	—	0.00	0.00	0.00	(235.67)	(305.14)	(49.69)	(2.07)	(0.20)
	Free cash flow	—	—	(2.09)	(0.39)	(3.03)	(1,886.00)	(1,257.29)	(587.80)	(171.08)	(9.52)
	Book value	—	—	6.30	32.24	6.58	1,615.63	(224.34)	150.43	25.52	9.14
	Shares, m	—	—	0	0	0	0	0	0	0	1
Valuation, ×
Valuation, ×	P/E	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	—	0.00	66.82	8.01	7.39	1.15	0.61
	P/B	—	—	—	—	20.80	13.92	0.00	2.32	1.27	0.39
	EV/Sales	—	—	—	—	0.00	65.12	10.89	4.93	2.58	(0.24)
	EV/FCF	—	—	—	—	0.00	(11.76)	(1.40)	(0.40)	(0.42)	0.15
Cash, $m
Cash, $m	Operating cash flow	—	—	0	0	(1)	(5)	(3)	(10)	(7)	(6)
	Capex	—	—	—	—	0	(1)	(1)	(1)	0	0
	Free cash flow	—	—	0	0	(1)	(6)	(4)	(11)	(7)	(6)
Balance, $m
Balance, $m	Working capital	—	—	0	0	2	2	(4)	0	(1)	4
	Total debt	—	—	—	—	0	0	2	—	—	—
	Net debt	—	—	0	0	(2)	(2)	2	(4)	0	(5)
	Shareholders’ equity	—	—	0	0	3	5	(1)	3	1	6
Returns, %
Returns, %	ROA	—	—	0.00	(55.22)	(128.22)	(135.72)	(130.39)	(95.49)	(85.09)	(102.98)
	ROIC	—	—	0.00	0.00	0.00	(164.76)	(586.51)	0.00	(566.31)	(531.54)
	ROE	—	—	0.00	(58.71)	(173.77)	(190.37)	(405.56)	(647.01)	(278.60)	(209.08)

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GPUS Hyperscale Data, Inc.	$27.8M	0.0×	9.9×	+34.75% (above 0%: growing)	n/m	−696.15% (below 0%: shrinking)	25.24%	(66.34%)	Compare
DFNS T3 Defense Inc.	$20.0M	— (loss-making)	—	+1,438.11% (above 0%: growing)	n/m	−267.69% (below 0%: shrinking)	25.35%	(84.53%)	Compare
PRZO ParaZero Technologies Ltd.	$15.5M	—	—	—	—	−42.97% (below 0%: shrinking)	43.65%	0.00%	Compare
DUKR DUKE Robotics Corp.	$14.7M	— (loss-making)	—	+313.89% (above 0%: growing)	n/m	−77.73% (below 0%: shrinking)	38.93%	(622.82%)	Compare
AIRI Air Industries Group	$12.3M	— (loss-making)	— (loss-making)	−5.25% (below 0%: shrinking)	n/m	+365.52% (above 0%: growing)	20.70%	(3.05%)	Compare
VWAV visionwave holdings, inc.	$9.6M	— (loss-making)	—	—	n/m	−10,453.05% (below 0%: shrinking)	40.03%	(6,337.65%)	Compare
HLSQ Tessera Defense and Homeland Security Inc.	$2.6M	— (loss-making)	—	—	n/m	+80.63% (above 0%: growing)	29.22%	(1,630.72%)	Compare
KITT Nauticus Robotics, Inc.	$2.0M	— (loss-making)	6.9×	−57.32% (below 0%: shrinking)	n/m	+3.08% (above 0%: growing)	(223.68%)	(678.23%)	Compare
DFSC DEFSEC Technologies Inc.	$2.0M	— (loss-making)	— (loss-making)	+91.84% (above 0%: growing)	n/m	+23.01% (above 0%: growing)	33.12%	(94.10%)
Median of peers	$13.5M	—	—	+34.75%	—	−60.35%	27.29%	(353.67%)

All 82 Aerospace & Defense stocks →

DEFSEC Technologies Inc. (DFSC) key facts

Strength: DEFSEC Technologies Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.5 million, up 219.6% from fiscal 2024.
DEFSEC Technologies Inc. (DFSC) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, DFSC traded at $0.70, a market capitalization of $2.0 million.
Return on equity was −209.1% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −6.68 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.