DeFi Technologies Inc. (DEFT) Key Metrics
DEFT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $167.3M
- Enterprise value
- $108.4M
- P/E (TTM)
- 7.2
- Forward P/E
- 12.3
- PEG ratio
- —
- Price / sales
- 2.7
- Price / book
- 1.5
- EV / EBITDA
- 3.6
- Dividend yield
- —
- Beta
- 4.01
DEFT key metrics, 2015–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDEFT returns How much profit the business earns on the capital it uses.
DEFT financial health Debt, liquidity and how easily interest is covered.
DEFT efficiency & capital use Working capital cycle and where the cash goes.
DEFT valuation history
DEFT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DEFT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DEFT cash returned to shareholders
DEFT price vs earnings per share
DEFT key metrics
2015–2025| 2025 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $284.9M | — | — | — | — | — | — |
| Enterprise value | $160.1M | — | — | — | — | — | — |
| P/E ratio | 4.6 | — | — | — | — | — | — |
| Price / sales | 3.8 | — | — | — | — | — | — |
| Price / book | 1.9 | — | — | — | — | — | — |
| EV / sales | 2.1 | — | — | — | — | — | — |
| EV / EBITDA | 2.3 | — | — | — | — | — | — |
| Earnings yield | 21.9% | — | — | — | — | — | — |
| Free cash flow yield | −46.8% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.0% | — | — | — | — | — | — |
| Share price at fiscal year-end | $0.75 | $0.51 | $0.02 | $0.03 | $0.25 | $0.06 | $0.01 |
| Per share | |||||||
| Revenue per share | $0.20 | — | — | — | — | — | — |
| Earnings per share | $0.17 | — | — | — | — | — | — |
| Operating cash flow per share | −$0.35 | — | — | — | — | — | — |
| Free cash flow per share | −$0.35 | — | — | — | — | — | — |
| Cash per share | $0.35 | — | — | — | — | — | — |
| Book value per share | $0.40 | — | — | — | — | — | — |
| Tangible book value per share | $0.30 | — | — | — | — | — | — |
| Capex per share | $0.00 | — | — | — | — | — | — |
| Debt per share | $0.02 | — | — | — | — | — | — |
| Shares outstanding | 377.5M | — | — | — | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 41.7% | 80.3% | — | −235.7% | 62.1% | −0.4% | −641.9% |
| Return on invested capital (ROIC) | 112.4% | 92.2% | — | −178.7% | 34.6% | −85.3% | −720.7% |
| Return on assets (ROA) | 7.6% | 52.4% | −121.3% | −187.6% | 53.6% | −0.3% | −391.3% |
| Return on tangible assets | 7.9% | 28.4% | −238.6% | −685.3% | 36.1% | −0.3% | −391.3% |
| Free cash flow margin | −175.8% | — | — | — | −37.1% | — | — |
| Income quality (OCF / net income) | −2.14 | −0.74 | — | — | −0.45 | — | — |
| Financial health | |||||||
| Total debt | $5.7M | — | — | — | — | — | — |
| Cash & short-term investments | $130.5M | $782,501 | $480,786 | $8,151 | $545,368 | $64,957 | $2.2M |
| Net debt | −$124.8M | −$782,501 | −$480,786 | −$8,151 | −$545,368 | −$64,957 | −$2.2M |
| Debt / equity | 0.04 | — | — | — | — | — | — |
| Debt / assets | 0.01 | — | — | — | — | — | — |
| Net debt / EBITDA | −1.79 | −0.48 | — | — | −0.13 | — | −6.57 |
| Current ratio | 0.88 | 1.79 | 0.35 | 0.09 | 0.69 | 0.25 | 2.56 |
| Quick ratio | 0.88 | 0.97 | 0.35 | 0.09 | 0.69 | 0.25 | 2.56 |
| Interest coverage | 6.1 | — | — | — | — | — | — |
| Working capital | −$83.0M | $614,474 | −$892,285 | −$1.1M | −$298,907 | −$540,535 | $2.3M |
| Invested capital | $24.8M | $4.2M | −$1.4M | $242,778 | $7.5M | $2.4M | $101,702 |
| Tangible asset value | $114.1M | $4.9M | −$892,285 | $250,930 | $8.1M | $2.4M | $2.3M |
| Net current asset value | −$85.5M | $614,474 | −$892,285 | −$1.1M | −$298,907 | −$540,535 | $2.3M |
| Graham number | $1.21 | — | — | — | — | — | — |
| Graham net-net per share | −$1.43 | — | — | — | — | — | — |
| Capital allocation | |||||||
| Share buybacks (net) | $2.8M | — | — | — | — | — | — |
| Capex / revenue | 0.0% | — | — | — | 0.0% | — | 0.0% |
| Capex / depreciation | 0.00 | — | — | — | — | — | — |
| Stock-based compensation / revenue | 17.4% | — | — | — | 6.5% | — | — |
| SG&A / revenue | 28.0% | — | — | — | 1.0% | — | 1,553,393.0% |
| Efficiency | |||||||
| Days sales outstanding | 39.5 | — | — | — | 5.0 | — | 13,163,266.6 |
| Days payables outstanding | 10,260.2 | — | 101,666.9 | 12,379.3 | 6,343.4 | 19,292.6 | — |
| Cash conversion cycle (days) | -10,220.7 | — | — | — | -6,338.3 | — | — |
| Receivables turnover | 9.25 | — | — | 0.00 | 72.32 | 0.00 | 0.00 |
| Payables turnover | 0.04 | — | 0.00 | 0.03 | 0.06 | 0.02 | 0.00 |
| Asset turnover | 0.09 | 0.00 | 0.00 | 0.00 | 0.66 | 0.00 | 0.00 |
| Average receivables | $8.2M | — | — | $65,432 | $55,156 | $810,318 | $1.6M |
| Average payables | $631.1M | $780,718 | $803,030 | $769,078 | $734,580 | $706,373 | $741,581 |
| Average inventory | — | $636,600 | — | — | — | — | — |
| Intangibles / total assets | 4.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from DEFT's annual financial statements (latest annual report filed April 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DEFT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), DeFi Technologies traded at 4.6 times earnings. Based on the latest twelve months, the trailing P/E is 7.2 and the forward P/E is 12.3. DeFi Technologies earned a return on equity of 41.7% and a return on invested capital of 112.4% in fiscal 2025. It ended the year with $5.7 million of debt and $130.5 million in cash and short-term investments, a net cash position of $124.8 million. It returned $2.8 million to shareholders: $0 in dividends and $2.8 million in share buybacks.
See the DEFT income statement, the DEFT chart for price history, or the DEFT stock overview for the latest quote and news.
DEFT key metrics FAQ
What is DeFi Technologies's P/E ratio?
DeFi Technologies's trailing P/E ratio is 7.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.3. At the end of fiscal 2025 it was 4.6.
What is DeFi Technologies's EV/EBITDA?
DeFi Technologies's enterprise value was 2.3 times EBITDA at the end of fiscal 2025 (enterprise value $160.1 million, EBITDA $69.8 million); the current EV/EBITDA is 3.6.
What is DeFi Technologies's return on equity?
DeFi Technologies's return on equity (ROE) was 41.7% in fiscal 2025: net income of $62.4 million on average shareholders' equity of $77.2 million.
What is DeFi Technologies's ROIC?
DeFi Technologies's return on invested capital was 112.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does DeFi Technologies have?
DeFi Technologies had total debt of $5.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.04 and more cash than debt.
Does DeFi Technologies buy back its shares?
Yes. DeFi Technologies spent $2.8 million on net share repurchases in fiscal 2025.
What is DeFi Technologies's free cash flow yield?
DeFi Technologies generated -$133.4 million of free cash flow in fiscal 2025, a free cash flow yield of −46.8% on its market value at year-end ($284.9 million).
What is DeFi Technologies's current ratio?
DeFi Technologies's current ratio was 0.88 at the end of fiscal 2025: current assets were 0.88 times current liabilities.