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DelphX Capital Markets Inc (TSE:DELX)
:DELX

DelphX Capital Markets (DELX) AI Stock Analysis

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TSE:DELX

DelphX Capital Markets

(DELX)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
C$0.04
▲(10.00% Upside)
The score is held down primarily by weak financial performance (persistent losses, negative cash flow, and negative equity). Technicals are also unfavorable with the stock below key longer-term moving averages and negative MACD. Valuation provides limited support because the company is loss-making and pays no dividend.

DelphX Capital Markets (DELX) vs. iShares MSCI Canada ETF (EWC)

DelphX Capital Markets Business Overview & Revenue Model

Company DescriptionDelphX Capital Markets Inc. operates as a technology and financial services company in the United States and Canada. The company develops and operates a global facility for transparent offering, purchase, sale, collection, and storage of various fixed income securities and derivatives, as well as to manage data, research, analytics, and valuations of instruments. The company was founded in 2011 and is headquartered in Toronto, Canada.
How the Company Makes MoneyDelphX Capital Markets generates revenue primarily through the provision of its financial products and services, which are designed to improve credit market operations. The company earns money by charging fees for the creation and management of its proprietary securities and risk management instruments. These products are targeted at institutional investors seeking to hedge credit risk and enhance yield. Additionally, DelphX may engage in strategic partnerships with financial institutions to broaden the reach and adoption of its offerings, thereby contributing to its revenue growth. The company's earnings are influenced by market demand for credit risk management solutions and the overall performance of the capital markets.

DelphX Capital Markets Financial Statement Overview

Summary
DelphX Capital Markets is struggling across all financial metrics, with significant operational and financial challenges. Revenues and margins are negative, the balance sheet reflects a distressed financial position, and the cash flow situation is concerning. Immediate strategic changes are necessary to stabilize and improve financial health.
Income Statement
The company is facing severe revenue challenges, with negative revenue growth over the years. Net profit margins are also negative due to consistent net losses, highlighting a lack of profitability. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies.
Balance Sheet
The balance sheet shows significant weaknesses with negative stockholders' equity, indicating that liabilities exceed assets. There is no debt, which is positive, but the negative equity ratio and poor return on equity reflect financial instability and risk.
Cash Flow
Cash flow analysis indicates negative free cash flow and operating cash flow, suggesting liquidity issues. However, there is active financing inflow, which provides some short-term relief. The ratios of cash flow to net income are negative, depicting operational challenges.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue-4.53K0.000.000.000.000.00
Gross Profit-4.53K0.000.000.000.000.00
EBITDA-2.33M-4.76M-2.03M-4.51M-3.04M-2.32M
Net Income-2.34M-4.77M-2.04M-4.67M-3.25M-2.62M
Balance Sheet
Total Assets156.52K160.89K237.08K475.19K1.81M545.92K
Cash, Cash Equivalents and Short-Term Investments76.31K54.26K136.17K263.57K1.47M181.71K
Total Debt0.000.000.000.00183.51K1.03M
Total Liabilities2.45M2.75M2.60M3.37M2.83M4.64M
Stockholders Equity-2.30M-2.59M-2.37M-2.89M-1.03M-4.10M
Cash Flow
Free Cash Flow-1.86M-2.12M-2.01M-3.36M-1.40M-645.14K
Operating Cash Flow-1.86M-2.12M-2.01M-3.36M-1.40M-645.14K
Investing Cash Flow0.000.000.000.000.0027.50K
Financing Cash Flow1.85M2.24M1.79M2.04M2.66M486.66K

DelphX Capital Markets Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.04
Positive
100DMA
0.05
Negative
200DMA
0.06
Negative
Market Momentum
MACD
<0.01
Negative
RSI
58.80
Neutral
STOCH
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DELX, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.80 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DELX.

DelphX Capital Markets Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
52
Neutral
C$26.26M-1.88-63.28%36.80%9.34%
51
Neutral
C$13.87B-2.77%-121.84%
45
Neutral
C$86.46M-2.96-90.12%972.76%-192.94%
44
Neutral
C$10.26M-3.9051.76%
44
Neutral
$56.70M-5.41-10.10%39.64%-70.96%
44
Neutral
C$9.36M-2.95-66.57%-51.53%3.62%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:DELX
DelphX Capital Markets
0.05
-0.08
-63.08%
TSE:DEFI
DeFi Technologies
0.83
0.00
0.00%
TSE:BIGG
BIGG Digital Assets
0.08
-0.09
-53.99%
TSE:GLXY
Galaxy Digital
35.37
8.30
30.66%
TSE:DMGI
DMG Blockchain Solutions
0.28
-0.07
-21.13%
TSE:FRNT
FRNT Financial, Inc.
0.22
-0.47
-68.12%

DelphX Capital Markets Corporate Events

Business Operations and StrategyExecutive/Board ChangesProduct-Related Announcements
DelphX Signs LOI for First Quantem Crypto Security Deal, Announces CFO Change and Option Grant
Positive
Dec 29, 2025

DelphX Capital Markets has signed a non-binding letter of intent with Belgravia Hartford Capital to pursue what is expected to be the first commercial transaction of its Quantem Crypto Security, a collateralized put option aimed at protecting corporate Bitcoin treasury reserves, while Belgravia is also expected to advise on program documentation, compliance and onboarding ahead of the product’s launch. The company is simultaneously managing a leadership change as former CFO Bill Hahn departs and past CFO Simon Selkrig returns to the role from January 1, 2026, and has granted 2,875,000 stock options with a two-year term at an exercise price of $0.08, signalling ongoing efforts to advance its strategic initiatives and align management and participants with shareholder interests.

Business Operations and StrategyPrivate Placements and Financing
DelphX Raises C$50,000 in Non-Brokered Private Placement to Support Operations
Positive
Dec 23, 2025

DelphX Capital Markets Inc. has closed a non-brokered private placement, issuing 1,250,000 units at C$0.04 per unit for gross proceeds of C$50,000, with each unit comprising one common share and one warrant exercisable at C$0.06 for two years. The financing, which remains subject to TSX Venture Exchange approval and includes a four‑month plus one day hold period on the securities, will fund working capital and corporate overhead, modestly strengthening DelphX’s balance sheet as it advances its structured products platform for institutional and crypto-linked fixed-income markets.

Business Operations and StrategyPrivate Placements and Financing
DelphX Launches C$50,000 Non-Brokered Private Placement for Working Capital
Neutral
Dec 19, 2025

DelphX Capital Markets Inc. plans to raise C$50,000 through a non-brokered private placement of 1,250,000 units priced at C$0.04 per unit, each consisting of one common share and one warrant exercisable at C$0.06 for two years. The financing, which remains subject to TSX Venture Exchange approval and will be subject to a standard four-month-plus-one-day hold period, is earmarked for working capital and corporate overhead, providing modest but important funding support as the company advances its structured products platform for fixed income and cryptocurrency-linked securities.

Business Operations and StrategyPrivate Placements and Financing
DelphX Capital Markets Announces Private Placement and Warrant Extension
Neutral
Nov 27, 2025

DelphX Capital Markets Inc. has announced a non-brokered private placement of 2,800,000 units at C$0.04 per unit, aiming to raise C$112,000. The offering includes common shares and purchase warrants, with proceeds intended for general corporate purposes. Additionally, DelphX seeks to extend the exercise period of existing share purchase warrants by one year, subject to TSX Venture Exchange approval. This move is part of DelphX’s strategy to enhance its financial flexibility and strengthen its market position in structured financial products.

Business Operations and StrategyProduct-Related Announcements
DelphX Advances QCS Hedging Program Amid Crypto Volatility
Positive
Nov 18, 2025

DelphX Capital Markets Inc. has announced an update on its Quantem Crypto Securities (QCS) hedging program, highlighting its importance in the volatile digital-asset sector. The company reports that a U.S. primary dealer is evaluating a proof-of-concept collaboration to integrate QCS into its digital-asset infrastructure, with multiple digital-asset treasuries also conducting due diligence. This development could significantly advance the commercialization of QCS, offering institutional-grade hedging solutions that enhance volatility control and capital preservation for digital-asset treasuries and corporate holders.

Private Placements and Financing
DelphX Capital Markets Announces Private Placement to Boost Financial Position
Positive
Nov 12, 2025

DelphX Capital Markets Inc. has announced a non-brokered private placement of 1,200,000 units at a subscription price of C$0.05 per unit, aiming to raise gross proceeds of C$60,000. The offering, which includes common shares and purchase warrants, is subject to TSX Venture Exchange approval and will support general corporate purposes. This move reflects DelphX’s ongoing efforts to enhance its financial positioning and expand its innovative product offerings in the structured products market.

Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
DelphX Capital Markets Seeks Warrant Extension Approval
Neutral
Oct 15, 2025

DelphX Capital Markets Inc. announced its intention to seek approval from the TSX Venture Exchange to extend the exercise period of over 3.4 million share purchase warrants by one year. This extension, which affects warrants initially issued in a 2023 private placement, is subject to regulatory acceptance and involves related party transactions. The move is part of DelphX’s strategic efforts to enhance its market operations and maintain stakeholder engagement, ensuring continued alignment with its innovative financial product offerings.

Private Placements and Financing
DelphX Capital Markets Closes C$75,000 Private Placement
Positive
Oct 8, 2025

DelphX Capital Markets Inc. has successfully closed a non-brokered private placement, raising C$75,000 through the issuance of 1,500,000 units. Each unit consists of one common share and one purchase warrant, with the offering involving insider participation and being classified as a related party transaction. The proceeds from this offering are intended for general corporate purposes, and the completion is subject to TSX Venture Exchange approval. This move is expected to bolster DelphX’s financial position and support its ongoing operations in the structured products market.

Private Placements and Financing
DelphX Capital Markets Announces Private Placement to Raise C$75,000
Positive
Oct 7, 2025

DelphX Capital Markets Inc. has announced a non-brokered private placement of 1,500,000 units at C$0.05 per unit, aiming to raise C$75,000. This offering includes a related party transaction, with an insider subscribing for 1,000,000 units, and is subject to TSX Venture Exchange approval. The proceeds will be used for general corporate purposes, and the securities will have a hold period of four months plus one day. This move is expected to enhance DelphX’s financial flexibility and support its ongoing development of structured financial products.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025