Canada's DeFi Technologies Q3 revenue, operating income fall

DeFi Technologies

Thu 22:19

Overview
Canada digital assets platform's Q3 revenue and operating income declined yr/yr
Company cites lower Valour management fees, staking and lending income, and reduced AUM
Company reported $26.1 mln in Valour net inflows into ETPs 

Outlook
Company expects higher AUM to increase management fees and staking income on eligible assets
DeFi Technologies sees broader revenue opportunity if digital asset market recovery is sustained

Result Drivers
LOWER FEE INCOME - Co reported declines in Valour's average AUM and management fees and staking and lending income 
REDUCED AUM - Valour reported average AUM of $492.8 mln in Q3 2026, down from $950.7 mln in Q3 2025
TRADING COMMISSIONS - Stillman Digital contributed $2.2 mln in trading commissions revenue in Q3 2026

Company press release: ID:nCNW26ktFa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total Revenue
 
$18.3 mln
 
Q3 Operating Income
 
$7 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 373.7% above its November 11 closing price of C$0.48
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Nov 12 - Hyperion DeFi posts third straight record quarterly profit
Nov 12 - Bit Digital Q3 revenue misses as bitcoin mining winddown weighs
Nov 12 - BTCS Q3 revenue rises on Imperium growth

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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.)