Quarterly ResultMay 14, 2026, 05:02 PM
DeFi Technologies Q1 Net Income $4.93M; Revenue $11.19M
AI Summary
DeFi Technologies reported a net income of $4.93 million for Q1 2026, a significant decrease from $29.99 million in Q1 2025. Total revenues also fell to $11.19 million from $43.79 million year-over-year, primarily due to lower realized and unrealized gains on digital assets and ETP payables. Despite the revenue decline, the company improved its working capital position to $47.33 million from a deficiency of $5.14 million at the end of 2025.
Key Highlights
- Net income for Q1 2026 was $4.93 million, a significant drop from $29.99 million in Q1 2025.
- Total revenues for Q1 2026 decreased to $11.19 million from $43.79 million year-over-year.
- Basic income per share for Q1 2026 was $0.01, down from $0.10 in Q1 2025.
- Realized and net change in unrealized gain on ETP payables was $174.11 million.
- Working capital improved to $47.33 million as of March 31, 2026, from a $5.14 million deficiency.
- Cash and cash equivalents were $87.60 million at quarter-end, down from $91.23 million.
- Total assets decreased to $634.18 million from $824.56 million since December 31, 2025.