DeFi Technologies reports Q3 revenue of $22.5 million, revises outlook

TORONTO - DeFi Technologies Inc. (NASDAQ:DEFT) (CBOE CA:DEFI) reported revenue of $22.5 million for the third quarter ended September 30, 2025, down from $28.1 million in the same period last year, according to a press release issued Friday. The company's stock, currently trading at $110.88, has declined 5.47% over the past week, reflecting recent market pressure.

The financial technology company, which bridges traditional capital markets with decentralized finance, posted operating income of $9 million for the quarter, compared to $14.4 million in Q3 2024. InvestingPro analysis indicates the company suffers from weak gross profit margins, one of several insights available to subscribers.

Valour, the company's asset management business, reported assets under management (AUM) of $989.1 million as of September 30, up from $772.9 million at the end of June. The segment generated $7.4 million in staking and lending income and $2.8 million in management fees during the quarter.

DeFi Technologies has revised its 2025 revenue guidance downward from $218.6 million to $116.6 million, citing delays in executing arbitrage opportunities due to "the proliferation of digital asset treasury companies and the consolidation of digital asset prices" which has temporarily reduced arbitrage activity.

The company also announced a leadership change, with co-founder Johan Wattenström taking over as CEO and Executive Chairman, while Olivier Roussy Newton will transition to a Strategic Advisor role.

As of September 30, DeFi Technologies reported a consolidated cash balance of $119.5 million and digital asset holdings valued at approximately $46.2 million, bringing its total treasury position to $165.7 million. Despite recent price declines, the company maintains a "GREAT" financial health score of 3.08 according to InvestingPro metrics.

The company's Stillman Digital trading unit generated $2.2 million in trading commissions during the quarter, while its newer DeFi Advisory business brought in $192,407 from two clients.

During the quarter, DeFi Technologies repurchased 935,900 shares for approximately $2.61 per share, totaling $2.44 million, and indicated it will continue to repurchase shares opportunistically. Despite short-term challenges, the stock has delivered a 10.97% return over the past year and maintains strong long-term performance metrics.

In other recent news, DeFi Technologies Inc. announced a significant development with its specialized arbitrage trading desk, DeFi Alpha, executing a trade projected to generate approximately $3.2 million in returns. This transaction is expected to impact the company’s fourth-quarter 2025 financial statements. Additionally, DeFi Technologies' subsidiary, Stillman Digital, has partnered with GoDark to enhance its institutional trading capabilities, joining as an early partner in this new institutional dark pool for digital assets.

Meanwhile, Tidal Commodities Trust I, associated with DeFi Technologies, is undergoing a change in sponsorship, with Tidal Investments LLC transferring its sponsor role to Hashdex Asset Management Ltd. This Sponsor Transfer is anticipated to occur in the fourth quarter of 2025. In related developments, Tidal Commodities Trust I also reported amendments to its trust agreement, updating the terms related to sponsor withdrawal.

Moreover, Valour Inc., another subsidiary of DeFi Technologies, reported assets under management totaling $987 million as of September 30, 2025. This reflects a 1.3% increase from the previous month, accompanied by net inflows of $23.6 million in September. These developments highlight ongoing strategic movements within DeFi Technologies and its subsidiaries.

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