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DeFi Technologies
(NEO-L:DEFI)
DeFi Technologies (DEFI) vs. iShares MSCI Canada ETF (EWC)
DeFi Technologies Business Overview & Revenue Model
DeFi Technologies Earnings Call Summary
DeFi Technologies Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 97.61M | 19.58M | 1.70M | 15.08M | -46.78K | Gross Profit |
| 90.82M | 16.50M | 1.25M | 10.13M | -46.78K | EBIT |
| -30.79M | -3.57M | -32.42M | -45.55M | -765.00K | EBITDA |
| -33.05M | -3.57M | -45.98M | -43.22M | 2.07M | Net Income Common Stockholders |
| -39.04M | -20.29M | -65.90M | -71.50M | 2.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 551.18M | 6.73M | 4.92M | 9.18M | 997.82K | Total Assets |
| 1.32B | 591.96M | 209.93M | 459.69M | 7.30M | Total Debt |
| 13.95M | 56.21M | 54.53M | 5.65K | 0.00 | Net Debt |
| -8.98M | 49.48M | 49.63M | -9.16M | -332.07K | Total Liabilities |
| 1.30B | 573.52M | 166.09M | 367.91M | 992.25K | Stockholders Equity |
| 23.15M | 18.45M | 43.83M | 91.78M | 6.30M |
| Cash Flow | Free Cash Flow | |||
| -129.96M | -92.52M | -91.05M | -326.95M | -2.19M | Operating Cash Flow |
| -129.96M | -92.52M | -89.64M | -326.92M | -1.55M | Investing Cash Flow |
| 14.55M | 0.00 | -2.67M | 3.78M | -782.38K | Financing Cash Flow |
| 131.08M | 94.62M | 88.06M | 332.01M | 2.68M |
DeFi Technologies Technical Analysis
DeFi Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $9.66B | 31.80 | -23.34% | ― | ― | -82.47% | |
62 Neutral | $11.80B | 10.10 | -7.47% | 2.99% | 7.37% | -8.16% | |
52 Neutral | C$51.06M | 9.33 | 42.14% | ― | 109.65% | -22.41% | |
50 Neutral | $466.99M | ― | -2.15% | ― | 27.99% | 90.99% | |
50 Neutral | $52.84M | ― | -18.42% | ― | 17.11% | -26125.00% | |
50 Neutral | C$2.48B | 3.76 | -6.53% | ― | 15.44% | -134.04% | |
46 Neutral | $633.80M | ― | -16.30% | ― | 30.06% | 46.14% |
DeFi Technologies Corporate Events
DeFi Technologies’ subsidiary, Stillman Digital, has integrated with Talos, enhancing institutional access to its regulated OTC liquidity and expanding its reach to Talos’s extensive client base. This strategic move is expected to boost Stillman Digital’s trading volumes and revenue growth, while the appointment of veteran trader Gary Pike as Head of Trading is set to strengthen the company’s institutional trading capabilities.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies demonstrates strong revenue growth and strategic expansions; however, profitability challenges, negative cash flow, and valuation issues weigh heavily on the stock. Positive sentiment from the earnings call and strategic initiatives are encouraging, yet regulatory hurdles and market dependency remain key risks.
To see Spark’s full report on TSE:DEFI stock, click here.
DeFi Technologies, SovFi, and Valour Inc. have partnered with the Nairobi Securities Exchange to launch the Kenya Digital Exchange (KDX), a regulated platform for tokenizing real-world assets. This initiative aims to enhance Kenya’s financial market infrastructure and position the country as a leader in digital asset trading in Africa. The KDX will be deployed in three phases, with full implementation by Q2 2026, offering a diverse revenue model and leveraging blockchain technology for secure transactions.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies exhibits strong revenue growth and strategic market expansions, contributing positively to its outlook. However, profitability challenges, negative cash flow, and valuation issues weigh heavily on the stock. Positive sentiment from the earnings call and strategic initiatives are encouraging, yet regulatory hurdles and market dependency remain key risks.
To see Spark’s full report on TSE:DEFI stock, click here.
DeFi Technologies Inc. has filed an amended Form 40-F with the SEC as part of its application to list its common shares on the Nasdaq Stock Market. This move, pending approval from Nasdaq and regulatory requirements, aims to enhance the company’s visibility and accessibility in the financial market, potentially impacting its operations and positioning within the DeFi industry.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies demonstrates strong revenue growth and strategic expansion efforts, but faces significant profitability and cash flow management challenges. While earnings call sentiment is positive, reflecting strategic acquisitions and successful product launches, the company’s valuation metrics and technical indicators suggest financial struggles and potential stock volatility. Regulatory risks and market dependency remain key concerns.
To see Spark’s full report on TSE:DEFI stock, click here.
DeFi Technologies has restated its Q2 and Q3 2024 interim financial statements to amend the accounting treatment of its equity investments in digital assets. The adjustments include applying a discount for lack of marketability and reclassifying assets, which increased the net loss for both periods. These changes are non-cash and do not affect the company’s cash position, but highlight a material weakness in internal controls.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies demonstrates robust revenue growth and strategic expansion efforts, but profitability and cash flow management remain critical challenges. The company’s technical indicators suggest stability, while valuation metrics highlight financial struggles. Positive sentiment from the earnings call and strategic initiatives are encouraging, but regulatory hurdles and market dependency are key risks.
To see Spark’s full report on TSE:DEFI stock, click here.
DeFi Technologies has appointed Andrew Forson as President of DeFi Technologies and Chief Growth Officer of Valour, marking a significant leadership change aimed at driving global strategy and expansion. Forson’s extensive experience in digital assets and financial engineering is expected to bolster DeFi Technologies’ mission to make decentralized finance more accessible, positioning the company as a leader in digital finance.
Spark’s Take on TSE:DEFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEFI is a Neutral.
DeFi Technologies exhibits robust revenue growth and strategic expansion but faces challenges with profitability and cash flow management. Stable technical outlook and recent corporate events provide some positive sentiment; however, valuation metrics indicate current financial struggles.
To see Spark’s full report on TSE:DEFI stock, click here.
DeFi Technologies Inc. announced record financial results for 2024, with adjusted revenues of C$204.4 million and adjusted net income of C$115.07 million, reflecting strong operational performance and significant revenue growth. The company also reported a substantial 132% growth in assets under management (AUM) to C$1.18 billion, driven by favorable market conditions and strategic initiatives. DeFi Technologies has gained institutional recognition, being included in several prominent indices and investment vehicles, which underscores its strategic direction and role in the digital asset ecosystem. Looking forward, the company forecasts continued revenue growth in 2025, supported by its asset management business and market conditions.
DeFi Technologies announced a shareholder call scheduled for March 31, 2025, to discuss its financial performance for the periods ending December 31, 2024. This call is significant as it will provide insights into the company’s financial health and strategic direction, potentially impacting its market position and stakeholder interests in the evolving DeFi landscape.
DeFi Technologies Inc. has been included in the MVIS Global Digital Assets Equity Index and the VanEck Digital Transformation ETF, reflecting its significant progress in integrating traditional financial markets with digital assets. This inclusion, alongside its recent addition to the MSCI Canada Small Cap Index, underscores the company’s growing recognition as a leader in the digital asset space and highlights its expanding business model, which is gaining acceptance from major institutions.
DeFi Technologies Inc. has been included in the MVIS Global Digital Assets Equity Index and the VanEck Digital Transformation ETF, marking a significant milestone for the company. This inclusion underscores DeFi Technologies’ progress in integrating traditional financial markets with digital assets, enhancing its reputation as an innovator in the digital asset ecosystem. The move follows its recent addition to the MSCI Canada Small Cap Index, further validating its expanding business model and acceptance by major institutions.
DeFi Technologies announced that its subsidiary, Valour Inc., reported assets under management (AUM) of C$1.07 billion as of March 6, 2025, despite a 25% decrease due to digital asset price declines. February saw strong net inflows of C$16.4 million, marking the fourth consecutive month of substantial inflows, indicating growing investor confidence in Valour’s ETPs. The company maintains a robust financial position with a diversified treasury portfolio and continues to expand its digital asset offerings, including new ETP listings. Stillman Digital, another subsidiary, also showed growth by processing significant client volumes and generating substantial revenue, further enhancing DeFi Technologies’ market positioning.
DeFi Technologies Inc. has appointed Chase Ergen, a prominent figure in decentralized finance and son of Dish Network’s founder, to its board of directors. Ergen’s extensive experience in satellite technology, telecommunications, and finance, along with his leadership in promoting financial empowerment, is expected to enhance DeFi Technologies’ strategic initiatives and strengthen its engagement with both retail and institutional investors. His appointment aligns with the company’s mission to bridge traditional and decentralized finance, reinforcing its leadership team and commitment to reshaping the financial landscape.
DeFi Technologies’ subsidiary, Valour Inc., has launched four new digital asset ETPs on the Börse Frankfurt exchange, expanding its offerings to include Valour Dogecoin, Valour Aptos, Valour Sui, and Valour Render ETPs. This move aims to provide European investors with diversified and institutional-grade access to the cryptocurrency market, reflecting Valour’s commitment to innovation and meeting investor demand for exposure to emerging blockchain technologies.
DeFi Technologies Inc. has been added to the MSCI Canada Small Cap Index, reflecting its growth and increasing market recognition. This inclusion enhances the company’s visibility among institutional investors, signaling strong market performance and increased investor confidence in its strategic direction.
DeFi Technologies Inc., through its subsidiary Valour, has announced its Platinum Sponsorship of the Capital Markets Forum 2025 in Riyadh, Saudi Arabia. This move highlights DeFi Technologies’ strategic expansion into the Middle Eastern market and supports Saudi Arabia’s Vision 2030 economic transformation plan. By aligning with major financial institutions, DeFi Technologies aims to enhance its presence in the global financial ecosystem and promote digital asset investment solutions, thereby strengthening its position as a leader in integrating traditional and decentralized finance.
Valour Inc., a subsidiary of DeFi Technologies, reported significant growth in January 2025, achieving C$1.4 billion in assets under management (AUM), representing a 23% rise from the previous month. This growth was driven by increasing digital asset prices and strong demand for ETPs, notably following the introduction of 20 new digital asset ETPs on the Spotlight Stock Market. The company’s robust financial position, with a cash and USDT balance increased by 24.9% to C$27.2 million, and a diversified digital asset treasury, highlights its solid market positioning. Valour’s continued inflows and record trading volumes underscore investor confidence and its leadership in the digital asset ETP space, reinforcing its commitment to expanding innovative investment opportunities.