Canada's DeFi Technologies Q2 revenue falls amid challenging digital asset market conditions

DeFi Technologies

13/08/2026 22:24

Overview
Canada digital asset platform's Q2 revenue fell yr/yr to $7.8 mln
Operating loss widened to $2.3 mln from $0.9 mln a year ago
Company maintained strong balance sheet with about $135 mln in cash, digital assets, and ventures

Outlook
Company says digital asset market conditions remain challenging
DeFi Technologies is actively seeking large-scale acquisition opportunities
Company continues to invest in new products and technologies to broaden revenue base

Result Drivers
WEAK DIGITAL ASSET MARKETS - Co said challenging digital asset market conditions contributed to lower revenue and wider operating loss
VALOUR INFLOWS - Valour generated $22.8 mln in net inflows despite weaker digital asset prices, per CEO Johan Wattenström
STILLMAN DIGITAL GROWTH - Stillman Digital trading commissions revenue rose to $2.5 mln, with larger institutional clients onboarded

Company press release: ID:nCNWzb6S2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$7.80 mln
 
Q2 Operating Income
 
-$2.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for DeFi Technologies Inc is C$2.25, about 221.4% above its August 12 closing price of C$0.70
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 12 - DeFi Development Q2 revenue rises on digital asset treasury growth
Aug 13 - Forum Markets Q2 revenue falls on digital asset exit
Aug 12 - Cypherpunk Technologies swings to Q2 profit on Zcash gains

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)