DeFi Technologies (DEFI) Stock Overview
A technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
DEFI Community Fair Values
Create NarrativeSee what 51 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
DeFi Technologies Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.86 |
| 52 Week High | CA$3.88 |
| 52 Week Low | CA$0.55 |
| Beta | 4.04 |
| 1 Month Change | 24.64% |
| 3 Month Change | -3.37% |
| 1 Year Change | -75.57% |
| 3 Year Change | 588.00% |
| 5 Year Change | -49.41% |
| Change since IPO | -99.61% |
Recent News & Updates
Narrative Update • Sep 03
DEFI: Balance Sheet Strength And New Products Will Support Future Upside
DeFi Technologies' latest analyst price target reset, with several firms moving from prior levels of CA$2.00, CA$1.75, and CA$0.90 down to a tighter CA$1.25, CA$1.00, and CA$0.62 range, reflects analysts reacting to the recent Q2 miss, softer monetization, updated growth expectations, and a revised P/E framework, while still pointing to potential support from the company's cash position, cost structure, and upcoming product launches. Analyst Commentary Recent Street research on DeFi Technologies shows a clear shift toward more cautious expectations as analysts absorb the Q2 results and updated assumptions.
Narrative Update • Aug 19
DEFI: Balance Sheet Strength Will Support Future Upside Repricing Potential
Analysts now set a fair value price target of CA$7.00 for DeFi Technologies, up from CA$5.75. This reflects updated views on revenue growth potential, improved profit margin assumptions, and a lower discount rate, even as recent Street research highlights reduced near term targets in light of Q2 results and execution risks.Recent updates
Narrative Update • Sep 03
DEFI: Balance Sheet Strength And New Products Will Support Future Upside
DeFi Technologies' latest analyst price target reset, with several firms moving from prior levels of CA$2.00, CA$1.75, and CA$0.90 down to a tighter CA$1.25, CA$1.00, and CA$0.62 range, reflects analysts reacting to the recent Q2 miss, softer monetization, updated growth expectations, and a revised P/E framework, while still pointing to potential support from the company's cash position, cost structure, and upcoming product launches. Analyst Commentary Recent Street research on DeFi Technologies shows a clear shift toward more cautious expectations as analysts absorb the Q2 results and updated assumptions.Narrative Update • Aug 19
DEFI: Balance Sheet Strength Will Support Future Upside Repricing Potential
Analysts now set a fair value price target of CA$7.00 for DeFi Technologies, up from CA$5.75. This reflects updated views on revenue growth potential, improved profit margin assumptions, and a lower discount rate, even as recent Street research highlights reduced near term targets in light of Q2 results and execution risks.Narrative Update • Aug 05
DEFI: Capability Building During Crypto Downturn Will Support Future Upside Potential
Analysts have reduced the Fair Value estimate for DeFi Technologies to CA$0.90 from CA$2.00, reflecting updated price targets and a view that the company is prioritising capability building over near term trading gains in the current crypto downturn. Analyst Commentary Recent Street research on DeFi Technologies points to a more cautious tone around the stock, with price targets revised lower and a stronger focus on execution and balance between growth ambitions and current market conditions in crypto.Narrative Update • Jul 22
DEFI: Capability Building In Crypto Downturn Will Support Future Upside Repricing
Analysts have trimmed their average CA$ price targets for DeFi Technologies, with reductions such as CA$1.00 to CA$0.90 and CA$3.00 to CA$2.00, while pointing to the company’s focus on building capabilities during the crypto downturn and updating assumptions on fair value, discount rate, revenue trajectory, profit margin, and future P/E. Analyst Commentary Recent research on DeFi Technologies highlights a mix of optimism about the company’s positioning during the crypto downturn and caution reflected in lower price targets.Narrative Update • Jul 08
DEFI: Building Through Crypto Downturn Will Drive Future Rebound Potential
DeFi Technologies' average analyst price target has been revised lower, with recent moves including cuts from CA$1.00 to CA$0.90 and from CA$3.00 to CA$2.00, as analysts factor in more conservative revenue growth, slimmer expected profit margins, and a higher future P/E assumption, while still citing the company's focus on building capabilities during weaker crypto conditions. Analyst Commentary Recent Street research on DeFi Technologies points to a more cautious tone, with multiple price target cuts framing how analysts see the balance between the company’s growth ambitions and the risks around execution, profitability, and valuation.Narrative Update • Jun 24
DEFI: Capability Building Through Crypto Downturn Will Support Future Upside Repricing
Analysts have trimmed their average price targets for DeFi Technologies, with recent cuts such as CA$3 to CA$2, CA$1 to CA$0.90 and other reductions reflecting a shift toward more conservative assumptions, while still highlighting the company’s focus on building capabilities through the crypto downturn. Analyst Commentary Recent Street research on DeFi Technologies has focused on recalibrating expectations, with price targets adjusted to CA$2 and CA$0.90, while still pointing to how the company is positioning itself during the crypto downturn.Narrative Update • Jun 06
DEFI: Capability Building Through Crypto Downturn Will Drive Future Upside Repricing
Narrative Update on DeFi Technologies Analysts have trimmed their collective price targets on DeFi Technologies, with recent revisions such as CA$3 to CA$2, CA$1 to CA$0.90 and other cuts reflecting a reset in fair value assumptions. They point to the company focusing on building capabilities during a weaker crypto market rather than chasing speculative trading profits.Narrative Update • Apr 21
DEFI: Margin Strength And Nasdaq Compliance Will Drive Future Upside Repricing Potential
Analysts have trimmed their average 12 month price target for DeFi Technologies by CA$0.50 to CA$6.40, citing updated views on fair value, a slightly higher discount rate, more conservative revenue growth assumptions, stronger expected profit margins and a modestly lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to stronger expected profit margins as a key support for the updated CA$6.40 target, suggesting that improved profitability could help offset more cautious revenue assumptions.Narrative Update • Apr 05
DEFI: Nasdaq Compliance Resolution Will Drive Future Upside Repricing Potential
Analysts have revised their CA$ price target on DeFi Technologies, reflecting updated views on the discount rate, revenue growth assumptions, profit margin outlook, and a higher future P/E multiple. They are framing the new target as better aligned with the company’s current risk and earnings profile.Narrative Update • Mar 22
DEFI: Nasdaq Compliance Outcome Will Drive Future Repricing Upside
Analysts now place their price target for DeFi Technologies at CA$5.40, essentially unchanged. This reflects updated assumptions around a slightly lower discount rate, moderated revenue growth and profit margin expectations, and a higher future P/E multiple.Narrative Update • Mar 07
DEFI: Product Approvals And Lawsuit Resolution Will Shape Repricing Upside
Analysts have slightly reduced their CA$ price target for DeFi Technologies, reflecting updated assumptions around fair value, profit margins, discount rates and future P/E multiples, while keeping their overall outlook broadly in line with prior expectations. What's in the News Pomerantz LLP reported a class action lawsuit filed in the U.S. District Court for the Eastern District of New York against DeFi Technologies and certain officers, covering investors who bought or acquired securities between May 12, 2025 and November 14, 2025, and alleging violations of federal securities laws (Pomerantz LLP).Narrative Update • Feb 20
DEFI: Legal Headwinds And Product Approvals Will Reset Expectations While Supporting Upside Potential
Analysts have trimmed their CA$ price target on DeFi Technologies by CA$0.02, citing slightly more cautious revenue growth assumptions and a modestly higher discount rate. These factors are partly offset by stronger profit margin expectations and a marginally lower future P/E multiple.Narrative Update • Feb 06
DEFI: Delayed Rollout Will Reset Expectations While Supporting Future Upside Potential
Analysts have cut their price target on DeFi Technologies to $2.50 from $5.00, reflecting a tempered outlook tied mainly to DeFi Alpha delays, while maintaining a generally constructive view on the shares. Analyst Commentary Recent research reflects a mixed but still constructive stance on DeFi Technologies following its Q3 report, with the reduced $2.50 price target tied mainly to delays in the DeFi Alpha initiative rather than a wholesale change in view on the business.Narrative Update • Jan 23
DEFI: Execution Will Improve As Rollout Delays Reset Expectations For Upside
Analysts have reduced their price target on DeFi Technologies to US$2.50 from US$5.00, citing delays in the DeFi Alpha rollout as the key factor behind their more cautious outlook. Analyst Commentary Analysts are recalibrating expectations for DeFi Technologies after the latest Q3 update, with the DeFi Alpha rollout delays now sitting at the center of most valuation and execution debates.Narrative Update • Jan 08
DEFI: Execution Will Improve As DeFi Alpha Delays Are Resolved
Narrative Update on DeFi Technologies Analysts have reduced their price target on DeFi Technologies to $2.50 from $5.00, citing delays in the DeFi Alpha initiative as the key reason for a more cautious outlook. Analyst Commentary Recent research points to a more cautious stance on DeFi Technologies after the Q3 report, with the price target reset to US$2.50 from US$5.00.Narrative Update • Dec 14
DEFI: Execution Will Improve As Delays Ease And Shares Recover
Analysts cut their price target on DeFi Technologies by half, to approximately $2.50 from about $5.00. They cited project delays and a slightly higher perceived risk profile that modestly raises the discount rate and future valuation multiple in their models.Narrative Update • Nov 29
DEFI: Execution Improvements Will Drive Shares Higher Despite Recent Setbacks
Analysts have revised their price target for DeFi Technologies downward from $5.00 to $2.50, citing delays in DeFi Alpha as well as a weaker outlook for revenue growth and profit margins as key factors behind the adjustment. Analyst Commentary Analysts have provided a range of perspectives following the recent adjustment to DeFi Technologies' price target.Narrative Update • Nov 15
DEFI: Share Repurchase And Major Capital Raise Will Drive Upside Momentum
Analysts have revised their price target for DeFi Technologies, maintaining it at $6.40 per share. They cite modest adjustments in discount rate, revenue growth, and profit margin expectations, which offset each other to keep the valuation steady.Narrative Update • Nov 01
DEFI: Expanding Strategic Alliances And New Division Will Drive Adoption Momentum
Analysts have revised their price target for DeFi Technologies downward from $6.94 to $6.40. They cite updated assessments of revenue growth, profit margin, and valuation multiples as reasons for the change.Narrative Update • Oct 17
Global Expansion And Strong Partnerships Will Advance Blockchain Adoption
Narrative Update on DeFi Technologies Analyst Price Target Analysts have lowered their fair value estimate for DeFi Technologies from $7.40 to $6.94. They cite a slight reduction in expected profit margins and future earnings multiples, while maintaining stable revenue growth projections.Narrative Update • Sep 12
Global Expansion And Strong Partnerships Will Advance Blockchain Adoption
The consensus analyst price target for DeFi Technologies has been reduced as a result of a higher projected future P/E multiple, indicating lower expected earnings growth or increased valuation risk, lowering the fair value estimate from CA$7.80 to CA$7.40. What's in the News DeFi Technologies' DeFi Advisory division secured a second mandate with TenX Protocols, acting as Strategic Advisor and earning an initial $600,000 in fees, with further upside from strategic transactions; subsidiary Stillman Digital appointed exclusive OTC partner to TenX, expected to drive significant digital asset trading volume.
New Narrative • Jan 17
Launching 23 First-Mover Products And Expanding Into New Markets Will Strengthen Market Position
International expansion and strategic product launches plan to boost market share and increase revenue through innovative offerings in new regions.Shareholder Returns
| DEFI | CA Capital Markets | CA Market | |
|---|---|---|---|
| 7D | -6.5% | -4.9% | -1.8% |
| 1Y | -75.6% | -11.7% | 22.2% |
Return vs Industry: DEFI underperformed the Canadian Capital Markets industry which returned -11.7% over the past year.
Return vs Market: DEFI underperformed the Canadian Market which returned 22.2% over the past year.
Price Volatility
| DEFI volatility | |
|---|---|
| DEFI Average Weekly Movement | 16.0% |
| Capital Markets Industry Average Movement | 5.5% |
| Market Average Movement | 9.3% |
| 10% most volatile stocks in CA Market | 16.4% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: DEFI's share price has been volatile over the past 3 months compared to the Canadian market.
Volatility Over Time: DEFI's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 26 | Johan Wattenstrom | defi.tech |
DeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. It provides asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. The company is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of specialized trading desk that focuses on opportunistic trading and arbitrage across the digital asset ecosystem; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity.
DeFi Technologies Inc. Fundamentals Summary
| DEFI fundamental statistics | |
|---|---|
| Market cap | CA$333.76m |
| Earnings (TTM) | CA$32.67m |
| Revenue (TTM) | CA$84.87m |
10.2x
P/E Ratio3.9x
P/S RatioIs DEFI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DEFI income statement (TTM) | |
|---|---|
| Revenue | US$61.21m |
| Cost of Revenue | US$0 |
| Gross Profit | US$61.21m |
| Other Expenses | US$37.64m |
| Earnings | US$23.57m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.061 |
| Gross Margin | 100.00% |
| Net Profit Margin | 38.50% |
| Debt/Equity Ratio | 0% |
How did DEFI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 08:51 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DeFi Technologies Inc. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harold Goetsch | B. Riley Securities, Inc. |
| Edward Engel | Compass Point Research & Trading, LLC |
| Kevin Dede | H.C. Wainwright & Co. |