DelphX Capital Markets Inc (TSE:DELX)
:DELX
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DelphX Capital Markets
(DELX)
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Rating:41Neutral
Price Target:
C$0.04
▼(-24.00% Downside)
Action:ReiteratedDate:04/13/26
The score is driven primarily by very weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity). Technicals add little support with price below key longer-term averages and negative MACD, while valuation is also constrained by a negative P/E and no indicated dividend yield.
Positive Factors
Focused institutional credit-risk product offering
DelphX’s strategic focus on structured products and credit-risk mitigation for institutional clients is a durable business-model positive. Institutional demand for risk-management instruments can be recurring and relationship-driven, enabling ongoing deal flow and fee opportunities if the firm can commercialize offerings and secure counterparties.
Negative Factors
No revenue across multiple years
Absent any reported revenue, the firm lacks a proven, repeatable earnings engine. This undermines margin sustainability, makes customer acquisition economics untested, and forces reliance on equity or debt funding to cover operating costs—raising execution and dilution risk until product-market fit is demonstrated.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused institutional credit-risk product offering
DelphX’s strategic focus on structured products and credit-risk mitigation for institutional clients is a durable business-model positive. Institutional demand for risk-management instruments can be recurring and relationship-driven, enabling ongoing deal flow and fee opportunities if the firm can commercialize offerings and secure counterparties.
Read all positive factors
DelphX Capital Markets (DELX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$9.06M
Dividend YieldN/A
Average Volume (3M)40.27K
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue GrowthN/A
EPS Growth51.76%
CountryCA
Employees7
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding226,560,180
10 Day Avg. Volume75,813
30 Day Avg. Volume40,266
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-4.39
Price to Sales (P/S)0.00
P/FCF Ratio-5.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DelphX Capital Markets Business Overview & Revenue Model
Company Description
DelphX 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 f...
How the Company Makes Money
null...
DelphX Capital Markets Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
9
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.88M | -4.76M | -2.03M | -4.51M | -3.04M |
| Net Income | -1.89M | -4.77M | -2.04M | -4.67M | -3.25M |
Balance Sheet | |||||
| Total Assets | 117.51K | 160.89K | 237.08K | 475.19K | 1.81M |
| Cash, Cash Equivalents and Short-Term Investments | 47.58K | 54.26K | 136.17K | 263.57K | 1.47M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 183.51K |
| Total Liabilities | 2.40M | 2.75M | 2.60M | 3.37M | 2.83M |
| Stockholders Equity | -2.29M | -2.59M | -2.37M | -2.89M | -1.03M |
Cash Flow | |||||
| Free Cash Flow | -1.89M | -2.12M | -2.01M | -3.36M | -1.40M |
| Operating Cash Flow | -1.89M | -2.12M | -2.01M | -3.36M | -1.40M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 1.79M | 2.24M | 1.79M | 2.04M | 2.66M |
DelphX Capital Markets Technical Analysis
Neutral
0.05
Price Trends
0.05
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
47.99
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DELX, the sentiment is Neutral. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.99 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:DELX.
DelphX Capital Markets Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | C$22.76M | 7.22 | -63.28% | ― | 36.80% | 9.34% | |
51 Neutral | C$86.46M | 5.80 | -136.30% | ― | 972.76% | -192.94% | |
50 Neutral | C$8.03M | -3.12 | -66.57% | ― | -51.53% | 3.62% | |
44 Neutral | C$52.62M | -5.39 | -8.68% | ― | 39.64% | -70.96% | |
41 Neutral | C$9.06M | -6.76 | 100.46% | ― | ― | 51.76% |
* Financial Sector Average
TSE:DELX
DelphX Capital Markets
0.04
-0.03
-38.46%
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DeFi Technologies
0.83
0.00
0.00%
TSE:BIGG
BIGG Digital Assets
0.07
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-38.10%
TSE:DMGI
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0.26
0.02
8.51%
TSE:FRNT
FRNT Financial, Inc.
0.25
-0.07
-21.88%
DelphX Capital Markets Corporate Events
Other
DelphX Grants 1.45 Million Stock Options to Bolster Incentive Alignment
Positive
Mar 25, 2026
DelphX Capital Markets Inc. has granted 1,450,000 stock options under its stock option plan, with a two-year maturity and an exercise price of $0.08 per common share. Of these, 700,000 options were awarded to insiders, including board members and ...
Business Operations and StrategyPrivate Placements and Financing
DelphX Advances Bitcoin Treasury Strategy with Institutional Financing Push
Positive
Mar 24, 2026
DelphX Capital Markets is advancing a Bitcoin-focused treasury strategy that leverages institutional-grade financing and its proprietary structured products technology. The company operates at the intersection of blockchain innovation, structured ...
Business Operations and StrategyPrivate Placements and Financing
DelphX Raises C$218,000 in Private Placement to Support Structured Products Growth
Positive
Mar 21, 2026
DelphX Capital Markets Inc., a structured products innovator, provides broker-dealers and institutional investors with proprietary collateralized put options and collateralized reference notes that offer secured exposure to corporate bond rating m...
Business Operations and StrategyPrivate Placements and Financing
DelphX Plans Modest Private Placement to Support Structured Products Strategy
Positive
Mar 19, 2026
DelphX Capital Markets Inc. has announced plans for a non-brokered private placement of up to 2,500,000 units at C$0.05 per unit, for potential gross proceeds of up to C$125,000. Each unit will include one common share and a warrant exercisable at...
Business Operations and StrategyPrivate Placements and Financing
DelphX Raises C$205,000 in Private Placement to Support Structured Products Push
Positive
Feb 26, 2026
DelphX Capital Markets Inc. has closed a non-brokered private placement of 4.1 million units at C$0.05 per unit, raising gross proceeds of C$205,000, with each unit comprising one common share and a warrant exercisable at C$0.08 for two years. The...
Business Operations and StrategyPrivate Placements and Financing
DelphX Plans Private Placement to Support Growth in Structured Products
Positive
Feb 18, 2026
DelphX Capital Markets Inc. announced plans for a non-brokered private placement of up to 5,000,000 units at C$0.05 per unit, for potential gross proceeds of up to C$250,000, with each unit consisting of one common share and one warrant exercisabl...
Business Operations and StrategyPrivate Placements and Financing
DelphX Launches Modest Private Placement to Support Structured Products Growth
Positive
Feb 18, 2026
DelphX Capital Markets Inc., a structured products innovator serving broker-dealers with fixed-income and crypto-linked securities, offers proprietary Collateralized Put Options for downgrade and crypto-loss protection and Collateralized Reference...
Business Operations and StrategyPrivate Placements and Financing
DelphX Raises C$150,000 in Insider-Led Private Placement for Working Capital
Positive
Jan 30, 2026
DelphX Capital Markets Inc. has closed a non-brokered private placement of 3,000,000 units at C$0.05 per unit, raising gross proceeds of C$150,000, with each unit consisting of one common share and one warrant exercisable at C$0.08 for two years. ...
Private Placements and Financing
DelphX Launches Non-Brokered Private Placement to Raise C$150,000
Positive
Jan 23, 2026
DelphX Capital Markets Inc. plans to conduct a non-brokered private placement of up to 3,000,000 units at C$0.05 per unit to raise gross proceeds of C$150,000, with each unit comprising one common share and one warrant exercisable at C$0.08 for tw...
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.