DeFi Technologies Inc. (DEFT) Balance Sheet

NASDAQ: DEFTAssets, liabilities, debt and equity over 7 years.

DEFT balance sheet, 2025

December 31, 2025 · U.S. dollars

$824.6M assets = $675.0M liabilities + $149.6M equity

What it owns$824.6MCash & ST investments: $130.5M (15.8%)Cash & ST investments$130.5M · 16%Receivables: $8.2M (1.0%)Other current: $450.8M (54.7%)Other current$450.8M · 55%PP&E: $3.0M (0.4%)Goodwill & intangibles: $35.5M (4.3%)LT investments: $163.8M (19.9%)LT investments$163.8M · 20%Other non-current: $32.8M (4.0%)=How it is financed$824.6MCurrent liabilities: $672.5M (81.6%)Current liabilities$672.5M · 82%Other LT liabilities: $2.5M (0.3%)Shareholders’ equity: $149.6M (18.1%)Shareholders’ equity$149.6M · 18%

Both columns are drawn to the same scale: what DEFT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DEFT financial health

Current ratio0.88
Tight · current assets cover current liabilities 0.88×
Debt / equity0.04
Low leverage · $0.04 of debt for each $1 of equity
Equity / assets18.1%
Thin equity · of assets funded by shareholders
Cash / debt2,284.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles4.3%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

DEFT balance sheet trends, 2015–2025

MetricTrendThenLatestChange
Total assets$3.8M2015$824.6M2025+145.6%/yr
Total liabilities$1.5M2015$675.0M2025+177.9%/yr
Shareholders’ equity$2.3M2015$149.6M2025+100.7%/yr
Cash & short-term investments$2.2M2015$130.5M2025+97.7%/yr
Working capital$2.3M2015−$83.0M2025−$85.3M
Current ratio2.5620150.882025−1.68

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DEFT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DEFT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DEFT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DEFT balance sheet

2025202020192018201720162015
Assets
Cash & short-term investments$130.5M$782,501$480,786$8,151$545,368$64,957$2.2M
Cash & equivalents$91.2M$260,418$3,645$8,151$545,368$64,957$2.2M
Short-term investments$39.3M$522,083$477,141————
Receivables$8.2M$0$0$90,448$40,416$69,896$1.6M
Inventory$0$636,600$0$0$0$0$0
Other current assets$450.8M$0$6,447$9,417$68,916$40,731$16,782
Total current assets$589.5M$1.4M$487,233$108,016$654,700$175,584$3.8M
Property, plant & equipment (net)$3.0M$0$0$0$831,013$0$0
Goodwill & intangible assets$35.5M$0$0$0$0$0$0
Long-term investments$163.8M$0$0$0$0$0$0
Other non-current assets$32.8M$4.3M$0$1.3M$7.5M$3.0M$0
Total assets$824.6M$5.7M$487,233$1.4M$9.0M$3.1M$3.8M
Liabilities
Accounts payable$631.1M$695,538$865,899$740,160$797,996$671,165$741,581
Short-term debt$3.2M——————
Total current liabilities$672.5M$778,136$1.4M$1.2M$953,607$716,119$1.5M
Long-term debt$0$0$0$0$0$0$0
Lease obligations$3.1M——————
Other long-term liabilities$2.5M$0$0$0$0$0$0
Total liabilities$675.0M$778,136$1.4M$1.2M$953,607$716,119$1.5M
Shareholders' equity
Common stock & paid-in capital$223.0M$18.3M$14.4M$13.8M$15.0M$12.3M$12.0M
Retained earnings (deficit)−$100.1M−$17.7M−$18.9M−$17.1M−$10.9M−$13.2M−$13.6M
Accumulated other comprehensive income−$1.5M——————
Minority interest$0——————
Total shareholders' equity$149.6M$4.9M−$892,284$250,929$8.1M$2.4M$2.3M
Key figures
Total debt$5.7M——————
Net cash (debt)$124.8M——————
Working capital−$83.0M$614,474−$892,285−$1.1M−$298,907−$540,535$2.3M
Tangible book value$114.1M$4.9M−$892,284$250,929$8.1M$2.4M$2.3M
Book value per share$0.40——————
Shares outstanding377.5M——————
Current ratio0.881.790.350.090.690.252.56
Quick ratio0.211.010.350.080.610.192.55
Debt / equity0.04——————
Equity / assets18.1%86.4%−183.1%17.6%89.4%77.1%61.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 2, 2026); data from EODHD.

DEFT financial position

At the end of fiscal 2025 (December 31, 2025), DeFi Technologies had total assets of $824.6 million (up 14,311.2% from a year earlier), total liabilities of $675.0 million and shareholders' equity of $149.6 million. It held $130.5 million in cash and short-term investments against $5.7 million of debt, a net cash position of $124.8 million. Its current ratio was 0.88. In the latest quarter (ended June 30, 2026) total assets were $572.6 million and equity $142.4 million.

Related: DEFT income statement, DEFT cash flow statement, DEFT key metrics. See the DEFT stock overview for the latest quote and news.

DEFT balance sheet FAQ

What are DeFi Technologies's total assets?

DeFi Technologies reported total assets of $824.6 million at the end of fiscal 2025 (December 31, 2025), compared with $5.7 million a year earlier.

How much debt does DeFi Technologies have?

DeFi Technologies had $5.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.

How much cash does DeFi Technologies have?

DeFi Technologies held $130.5 million in cash and short-term investments at the end of fiscal 2025; with $5.7 million of debt that is net cash of $124.8 million.

What is DeFi Technologies's book value?

DeFi Technologies's shareholders' equity (book value) was $149.6 million at the end of fiscal 2025, or $0.40 per share.

What is DeFi Technologies's current ratio?

DeFi Technologies had current assets of $589.5 million and current liabilities of $672.5 million, a current ratio of 0.88 (current liabilities exceed current assets).

How much goodwill does DeFi Technologies have?

DeFi Technologies carried $35.5 million of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.

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