WonderFi Technologies Inc (TSE:WNDR)
TSX:WNDR
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WonderFi Technologies Inc
(TSX:WNDR)
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Rating:47Neutral
Price Target:
C$0.34
▲(13.33% Upside)
Action:Reiterated
Date:05/17/26
The score is held down primarily by weak financial performance—declining revenue, large losses, and continued negative free cash flow—despite strong gross margins and low leverage. Technicals show recent upward momentum, but very overbought RSI increases reversal risk. Valuation is difficult to support on earnings due to the negative P/E and no provided dividend yield.
Positive Factors
High gross margins
Sustained gross margin near 81% indicates the core crypto platform and service economics capture a high portion of revenue. Over months this provides structural capacity to cover operating expenses and supports long-term profitability if operating costs are controlled and volumes recover.
Negative Factors
Declining revenue trend
A ~20% TTM revenue decline signals reduced client activity or loss of market share, weakening the core transaction-driven revenue base. Over 2-6 months this pressures scale economics and makes it harder to leverage the high gross margin into sustained operating profitability without revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margin near 81% indicates the core crypto platform and service economics capture a high portion of revenue. Over months this provides structural capacity to cover operating expenses and supports long-term profitability if operating costs are controlled and volumes recover.
Read all positive factors
WonderFi Technologies Inc (WNDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$239.93M
Dividend YieldN/A
Average Volume (3M)498.32K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue Growth-33.13%
EPS Growth-88.96%
CountryCA
Employees110
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.06
Shares Outstanding666,458,740
10 Day Avg. Volume660,043
30 Day Avg. Volume498,319
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.33
Price to Sales (P/S)4.32
P/FCF Ratio-9.86
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)-0.02
Revenue Forecast (FY)C$62.40M
WonderFi Technologies Inc Business Overview & Revenue Model
Company Description
WonderFi Technologies Inc. operates as a technology company. The company engages in the development of a technology platform to facilitate investments in the decentralized finance industry. It provides access to digital assets, including crypto, D...
How the Company Makes Money
WonderFi primarily makes money through transaction-driven and service-based revenue generated by its crypto operating businesses. Key revenue streams include: (1) Trading and transaction fees: fees earned when users buy, sell, or swap cryptocurren...
WonderFi Technologies Inc Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.15M | 45.97M | 57.74M | 28.28M | 6.48M | 0.00 |
| Gross Profit | 28.70M | 37.61M | 42.14M | 18.53M | -2.55M | -134.76K |
| EBITDA | -23.15M | -20.89M | 6.13M | -6.57M | -22.55M | -5.14M |
| Net Income | -42.07M | -51.04M | -1.24M | -16.69M | -35.58M | -5.06M |
Balance Sheet | ||||||
| Total Assets | 1.22B | 1.67B | 2.22B | 1.14B | 449.60M | 25.37M |
| Cash, Cash Equivalents and Short-Term Investments | 27.25M | 28.95M | 34.35M | 26.09M | 8.29M | 20.35M |
| Total Debt | 1.86M | 433.09K | 225.72K | 627.84K | 5.02M | 65.37K |
| Total Liabilities | 1.16B | 1.61B | 2.12B | 1.03B | 284.30M | 535.38K |
| Stockholders Equity | 53.21M | 59.61M | 102.45M | 104.58M | 165.30M | 24.84M |
Cash Flow | ||||||
| Free Cash Flow | -12.52M | -20.14M | -2.67M | -14.42M | -21.15M | -5.66M |
| Operating Cash Flow | -12.41M | -19.93M | -2.30M | -13.60M | -21.08M | -5.65M |
| Investing Cash Flow | 10.00M | 9.00M | 15.67M | 23.71M | -43.60M | -5.81K |
| Financing Cash Flow | -1.96M | 2.06M | -5.11M | 4.27M | 52.69M | 25.97M |
WonderFi Technologies Inc Technical Analysis
Positive
0.30
Price Trends
0.33
Positive
0.32
Positive
0.32
Positive
Market Momentum
<0.01
Negative
76.81
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WNDR, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.33, and below the 200-day MA of 0.32, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.81 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WNDR.
WonderFi Technologies Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | C$272.87M | -0.39 | -89.38% | ― | ― | 71.44% | |
47 Neutral | C$239.93M | -5.70 | -61.90% | ― | -33.13% | -88.96% | |
47 Neutral | C$2.10B | -40.37 | -105.88% | ― | 147.88% | 2.60% | |
45 Neutral | C$74.73M | -5.72 | -651.25% | ― | -35.91% | 20.44% | |
44 Neutral | C$29.00M | -3.85 | -23.29% | ― | 446.33% | 4.31% |
* Technology Sector Average
TSE:WNDR
WonderFi Technologies Inc
0.36
0.02
5.88%
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WonderFi Technologies Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsShareholder Meetings
WonderFi Posts Profitable 2025 as Robinhood Acquisition Nears Completion
Positive
Mar 25, 2026
WonderFi Technologies reported that its Trading segment generated $10.5 million in pre-tax income in 2025, while Bitbuy and Coinsquare together delivered $49.8 million in revenue and interest income. The company posted positive adjusted EBITDA of ...
Business Operations and StrategyM&A TransactionsShareholder Meetings
WonderFi Seeks Court Approval to Delay AGM as Robinhood Takeover Advances
Positive
Mar 18, 2026
WonderFi Technologies Inc. has applied to the Supreme Court of British Columbia to extend the deadline for holding its annual general meeting to July 2, 2026, as it progresses toward an acquisition by Robinhood Markets Inc. The company says the ex...
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.