Canada's DeFi Technologies Q1 revenue falls on lower asset prices, crypto market conditions

DeFi Technologies

14/05/2026 22:13

Overview

Canada financial technology firm's Q1 revenue and net income fell sharply yr/yr amid crypto downturn

Company improved working capital to $47.3 mln from negative $5.1 mln last quarter

Total operating expenses for Q1 2026 were $11.4 mln, compared to12.5mln in Q1 2025

Outlook

Company expects more favorable market conditions to support AUM growth and revenue acceleration in 2026

DeFi Technologies plans to scale Valour platform and expand institutional product structures in 2026

Company sees financial flexibility to pursue growth initiatives and potential acquisitions

Result Drivers

LOWER ASSET PRICES - Co said revenue and income from Valour segment fell due to lower average AUM and reduced staking, lending, and management fees

TRADING COMMISSIONS GROWTH - Stillman Digital generated higher trading commissions revenue yr/yr, helping offset declines elsewhere

COST DISCIPLINE - Co reduced operating expenses, reflecting lower share-based payments and ongoing cost controls

Company press release: ID:nPn6D9lkpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$11.20 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$1.91, about 101.4% above its May 13 closing price of C$0.95

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 5 three months ago

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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.)