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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%
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 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (0.56) (negative: loss-making)
P/S ratio 0.26
P/B ratio 0.38
Past 5Y EPS Growth —
This Y EPS Growth 81.16% (at or above 15%: strong)
Next Y EPS Growth 34.89% (at or above 15%: strong)
Next Y revenue growth 125.58% (at or above 10%: strong)
Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.1×, against a ten-year median of 2.8×; over the ten years it ranged from −0.2× in 2025 to 65.1× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

DEFSEC Technologies Inc. vs peers in Aerospace & Defense (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
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.

DEFSEC Technologies Inc. (DFSC) Latest News

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