T3 Defense Inc. (DFNS) Key Metrics
DFNS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $15.7M
- Enterprise value
- $16.1M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.0
- Price / book
- 0.9
- EV / EBITDA
- 0.2
- Dividend yield
- —
- Beta
- −13.91
DFNS key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDFNS returns How much profit the business earns on the capital it uses.
DFNS financial health Debt, liquidity and how easily interest is covered.
DFNS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DFNS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DFNS key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Share price at fiscal year-end | $503.75 | $4,583.75 | $2,866.40 | $7,650.00 | $7,285.71 |
| Returns & profitability | |||||
| Return on equity (ROE) | — | — | — | −118.2% | −10.2% |
| Return on invested capital (ROIC) | — | — | — | −98.5% | −9.7% |
| Return on assets (ROA) | 77.2% | −392.8% | −160.5% | −69.3% | −5.9% |
| Return on tangible assets | 41.9% | −882.1% | −525.0% | −115.1% | −18.5% |
| Free cash flow margin | — | −64.6% | −6.0% | 7.5% | 6.1% |
| Income quality (OCF / net income) | −0.08 | — | — | — | — |
| Financial health | |||||
| Total debt | $2.4M | $4.0M | $420,619 | — | — |
| Cash & short-term investments | $4.1M | $619,039 | $19,318 | $612,237 | $1.6M |
| Net debt | −$1.8M | $3.4M | $401,301 | −$612,237 | −$1.6M |
| Debt / assets | 0.01 | 4.06 | 0.13 | — | — |
| Net debt / EBITDA | −0.02 | — | — | — | — |
| Current ratio | 0.31 | 0.14 | 0.32 | 0.49 | 0.76 |
| Quick ratio | 0.31 | 0.14 | 0.32 | 0.49 | 0.76 |
| Interest coverage | -211.7 | -25.8 | — | — | -223.6 |
| Working capital | −$30.0M | −$6.1M | −$6.2M | −$3.8M | −$1.6M |
| Invested capital | −$21.6M | −$3.7M | −$5.8M | $10.3M | $7.6M |
| Tangible asset value | $142.1M | −$7.1M | −$6.2M | $2.8M | −$1.6M |
| Net current asset value | −$31.6M | −$7.1M | −$6.6M | −$3.8M | −$1.6M |
| Capital allocation | |||||
| Capex / revenue | — | 0.0% | 0.2% | 0.0% | 0.0% |
| Capex / operating cash flow | — | — | — | 0.0% | 0.0% |
| Capex / depreciation | 7.75 | 0.00 | 0.02 | 0.00 | 0.00 |
| Stock-based compensation / revenue | — | 3.9% | 1.7% | 8.9% | 0.2% |
| SG&A / revenue | — | 145.9% | 17.6% | 27.4% | 4.4% |
| Efficiency | |||||
| Days sales outstanding | — | 69.0 | 27.1 | 30.9 | 50.6 |
| Days payables outstanding | — | 21.8 | 1.6 | 0.9 | 1.0 |
| Cash conversion cycle (days) | — | 47.2 | 25.5 | 30.0 | 49.6 |
| Receivables turnover | 0.00 | 5.29 | 13.44 | 11.81 | 7.21 |
| Payables turnover | — | 16.75 | 227.35 | 416.26 | 353.25 |
| Asset turnover | 0.00 | 2.73 | 1.96 | 1.26 | 1.22 |
| Average receivables | $4.6M | $1.1M | $1.6M | $1.8M | $2.7M |
| Average payables | $286,154 | $293,486 | $95,189 | $53,272 | $54,831 |
| Intangibles / total assets | 7.5% | 2.0% | 1.0% | 44.0% | 68.0% |
Computed from DFNS's annual financial statements (latest annual report filed April 9, 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.
DFNS valuation and financial ratios
It ended the year with $2.4 million of debt and $4.1 million in cash and short-term investments, a net cash position of $1.8 million.
See the DFNS income statement, the DFNS chart for price history, or the DFNS stock overview for the latest quote and news.
DFNS key metrics FAQ
How much debt does T3 Defense have?
T3 Defense had total debt of $2.4 million at the end of fiscal 2025 and more cash than debt.
What is T3 Defense's current ratio?
T3 Defense's current ratio was 0.31 at the end of fiscal 2025: current assets were 0.31 times current liabilities.