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Financial statements

Defi Technologies, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Defi Technologies, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue31.499.1
Selling, general and administrative22.69
Operating income-29.946.5
Interest expense4.68
Pre-tax income-28.563.5
Net income-28.562.4
EPS, basic-0.100.18
EPS, diluted-0.100.17

Balance sheet

FY2025FY2025
Cash and equivalents15.991.2
Total current assets711667
Property, plant and equipment0
Lease right-of-use assets3
Goodwill37.235.1
Intangible assets1.650.4
Total assets919825
Accounts payable15.124.1
Total current liabilities899672
Lease liabilities2.55
Total liabilities899675
Retained earnings-163-100
Total equity19.1150
Total liabilities and equity919825

Cash flow statement

FY2025FY2025
Net income-28.562.4
Cash from operations-94.9-133
Capital expenditures-0
Cash from investing10.4-0.56
Debt issued2.74
Debt repaid-30.9-2.5
Cash from financing94.9208
Exchange rate effect0.381.49
Net change in cash10.875.3
Free cash flow-133

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.50 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin46.9%Operating income / revenue.
Pre-tax margin64.1%Pre-tax income / revenue.
Net margin62.9%Net income / revenue.
FCF margin-134.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-134.5%Cash from operations / revenue.
Return on assets (ROA)7.2%Net income / average total assets.
SG&A / revenue2.7%Selling, general and administrative expense / revenue.
Capex / revenue0.0%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y215.5%Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-10.2%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.99xCurrent assets / current liabilities.
Quick ratio0.14x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.14x(Cash + short-term investments) / current liabilities.
Liabilities / assets81.9%Total liabilities / total assets.
Interest coverage9.95xOperating income / interest expense.
Working capital-$5.1MCurrent assets - current liabilities.
Goodwill and intangibles / assets4.3%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.11xRevenue / average total assets.
FCF conversion-213.7%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$0.17Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic$0.18Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$195.6MShare price x shares outstanding.
Enterprise value$104.4MMarket cap + total debt - cash - short-term investments.
P/E3.13xMarket cap / net income. Only when net income is positive.
P/S1.97xMarket cap / revenue.
EV/Sales1.05xEnterprise value / revenue.
EV/EBIT2.24xEnterprise value / operating income, when both are positive.
FCF yield-68.2%Free cash flow / market cap.
Earnings yield31.9%Net income / market cap (the inverse of P/E).
What was Defi Technologies, Inc.'s revenue in fiscal 2025?

Defi Technologies, Inc. reported revenue of $99.1M for fiscal 2025, 215.5% higher than the year before.

Was Defi Technologies, Inc. profitable in fiscal 2025?

Yes. Net income was $62.4M, a net margin of 62.9%.

How much free cash flow did Defi Technologies, Inc. generate in fiscal 2025?

Cash from operations of $133.4M minus capital expenditures of $1.6K left free cash flow of -$133.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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