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Defi Technologies, Inc.

Defi Technologies, Inc. is an American finance services company, incorporated in Delaware.1 Its shares trade on Nasdaq under the symbol DEFT.1

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Last updated Oct 21, 2026.

Overview

$99.1MRevenue, fiscal 20252
$62.4MNet income, fiscal 20252

Compare with AMTD IDEA GROUP, Circle Internet Group, Inc. or Bit Digital, Inc, or pick any stock.

  • TickerDEFT on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersDE1
  • Incorporated inDE3
  • Business address198 Davenport Road, Toronto, Z4 M5R 1J23
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

46.9%Operating margin2
62.9%Net margin2
215.5%Revenue growth, 20252
41.7%Return on equity2
-$133.4MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Valour Inc brought in 89% of the revenue Defi Technologies, Inc. broke down this way in fiscal 2025.

  1. Valour Inc$89.1M289%up 222% from 2024
  2. Stillman Digital$9.8M210%up 367% from 2024
  3. Reflexivity$499.5K21%down 66% from 2024
  4. Neuronomics$123.7K20%
Business segments by year
Business segments20242025
Valour Inc$27.7M$89.1M
Stillman Digital$2.1M$9.8M
Reflexivity$1.5M$499.5K
Neuronomics$123.7K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin3¢$2.7M
  • Other costs30¢$29.4M
  • Interest5¢$4.7M
  • Profit63¢$62.4M

Out of $99.1M in revenue.2

Financial statements

Revenue2$99.1M in 2025+215% since 2024
0$25.0M$50.0M$75.0M$100.0M2024: $31.4M$31.4M20242025: $99.1M$99.1M2025+215%
Operating income2$46.5M in 2025
-$40.0M-$20.0M0$20.0M$40.0M$60.0M2024: -$29.9M-$29.9M20242025: $46.5M$46.5M2025
Net income2$62.4M in 2025
-$50.0M-$25.0M0$25.0M$50.0M$75.0M2024: -$28.5M-$28.5M20242025: $62.4M$62.4M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Staking and lending income$13.1M$13.0M
Management fees$9.7M$6.4M
Trading commissions$9.6M$2.1M
Research revenue$533.0K$1.4M
Advisory revenue$287.6K
Revenues excluding realized and net change in unrealized gains (losses)$33.2M$23.0M
Realized and net change in unrealized (loss) gain on digital assets-$234.0M$252.0M
Realized and net change in unrealized (loss) gain on equity investments at FVTPL-$51.0M$108.9M
Realized and net change in unrealized gain (loss) on ETP payables$351.0M-$352.5M
Revenues from realized and net change in unrealized gains (losses)$66.0M$8.4M
Total revenues$99.1M$31.4M
Operating, general and administration$34.2M$36.7M
Share based payments$13.2M$19.2M
Depreciation - equipment$1.7K$6.0K
Amortization - right-of-use assets$207.3K
Amortization - intangibles$1.3M$1.5M
Fees and commissions$6.2M$4.1M
Foreign exchange (gain) loss-$2.6M-$321.3K
Total operating expenses$52.6M$61.3M
Operating income (loss)$46.5M-$29.9M
Realized (loss) gain on investments-$419.1K$113.0K
Unrealized (loss) gain on investments-$16.5M$7.9M
Interest income$542.6K$4.5K
Interest recovery (expense)$773.2K-$2.8M
Financing expense-$4.7M
Gain on deconsolidation$584.0K
Loss on investment in associate-$75.5K
Change in fair value of warrant liability$39.6M
Bad debt expense-$726.2K-$216.6K
Impairment loss-$2.1M-$3.6M
Total other (expenses) income$17.0M$1.4M
Net income (loss) for the year before taxes$63.5M-$28.5M
Current income taxes$1.1M
Other comprehensive income Cumulative translation adjustment$294.0K$915.3K
Owners of the parent$62.4M-$28.5M
Net income (loss) attributed$62.4M-$28.5M
Owners of the parent$62.8M-$27.6M
Non-controlling interests-$72.3K
Total, Net income (loss) and comprehensive income (loss) attributed$62.7M-$27.6M
Basic (in Dollars per share)$0.18-$0.10
Diluted (in Dollars per share)$0.17-$0.10
Basic (in Shares)344.9M shares295.6M shares
Diluted (in Shares)377.5M shares295.6M shares

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Corporate structure

Defi Technologies, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Defi Technologies, Inc.

  • Olivier Francois Roussy Newton Filed SCHEDULE 13G on Defi Technologies, Inc., latest Apr 27, 2026
  • Defi Technologies, Inc. DE

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Defi Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$1032 Dec 31, 2024$6.1K2 Jan 1, 2024−98.3%
Operating-lease assets (leased space)$3.0M2 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$91.2M2 Dec 31, 2025$15.9M2 Dec 31, 2024+472.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$35.1M2 Dec 31, 2025$37.2M2 Dec 31, 2024−5.6%
Intangible assets, net (excluding goodwill)$400.2K2 Dec 31, 2025$1.6M2 Dec 31, 2024−75.7%

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.01 a share, on Nov 14, 2025.4

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

124 filings to the SEC since October 2021: 1 annual reports, 1 large holders, 122 other. The latest 20:

  1. Oct 1, 20266-K EDGAR
  2. Sep 29, 20266-K EDGAR
  3. Sep 21, 20266-K EDGAR
  4. Sep 3, 20266-K EDGAR
  5. Aug 14, 20266-K EDGAR
  6. Aug 13, 20266-K CURRENT REPORT EDGAR
  7. Aug 3, 20266-K EDGAR
  8. Jul 27, 20266-K EDGAR
  9. Jul 7, 20266-K EDGAR
  10. Jul 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jun 26, 20266-K EDGAR
  12. May 15, 20266-K EDGAR
  13. May 14, 20266-K EDGAR
  14. May 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. May 8, 20266-K EDGAR
  16. May 4, 20266-K EDGAR
  17. Apr 27, 2026SCHEDULE 13G EDGAR
  18. Apr 22, 20266-K EDGAR
  19. Apr 21, 20266-K EDGAR
  20. Apr 6, 20266-K EDGAR

The 124 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Olivier Francois Roussy NewtonSCHEDULE 13G, 1 filing Apr 27, 20265

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Weiss Asset Management LP6,167,295$3.2M0.0%−1,876,133
Charles Schwab Investment Management Inc3,100,462$1.6M0.0%−61,970
Susquehanna International Group, Llp2,719,397$1.4M0.0%+715,299
Bank Of Montreal /can/2,205,713$1.2M0.0%−3,745
American Century Companies Inc2,162,531$1.2M0.0%+223,647
Morgan Stanley1,850,935$951.8K0.0%+1,760,886
Jane Street Group, LLC1,822,263$937.0K0.0%+1,658,654
Cable Car Capital, LP1,315,670$676.5K0.0%No change
Swiss National Bank738,925$400.0K0.0%+9,025
Jpmorgan Chase & Co65,196$259.7K0.0%+24,026
Millennium Management LLC459,896$236.5K0.0%New
Legal & General Group Plc340,686$184.9K0.0%+24,302
Group One Trading LLC335,639$172.6K0.0%+289,184
Marex Group Ltd296,200$152.3K0.0%No change
Ethos Financial Group, LLC264,420$136.0K0.0%No change
Nuveen, LLC243,727$125.3K0.0%No change
VANGUARD ASSET MANAGEMENT, Ltd206,977$112.4K0.0%No change
Citadel Advisors LLC207,936$106.9K0.0%−663,000
SEB Asset Management AB178,552$91.8K0.0%+1,391
UBS Group AG166,806$85.7K0.0%+9,544
Goldman Sachs Group Inc162,103$83.4K0.0%−11,130
Marshall Wace, Llp161,822$82.5K0.0%New
BlackRock, Inc.158,519$81.5K0.0%No change
Western Wealth Management, LLC154,690$79.5K0.0%No change
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main142,977$77.6K0.0%−212,503

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Defi Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDefi Technologies, Inc.1
  • CIK0001888274
  • Filer status<br>emerging growth company an emerging growth company1
  • Incorporated inOntario, Canada6
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address198 Davenport Road, Toronto, Z4 M5R 1J21
  • Phone416-861-58821
  • Shares outstanding385,827,975 as of Dec 31, 20252
  • On EDGAR sinceNov 10, 20211
  • Filings124 in all: 6-K (100), 40FR12B/A (6), CORRESP (3), 40FR12B (2), F-X (2), UPLOAD (2), 40-F (1), 6-K/A (1)1
    All 15 form types

    CERT (1), F-10 (1), F-X/A (1), RW (1), SCHEDULE 13G (1), SEC STAFF ACTION (1), SUPPL (1)

  • Latest filingsAnnual report (40-F) Apr 2, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesDEFTThe Nasdaq Stock Market LLC

From the cover page of the 40-F filed Apr 2, 2026 (Section 12(b) of the Exchange Act).6

Sources

The numbers on this page point here. Each one links to the record it came from.

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