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Canada's DeFi Technologies Q3 revenue, operating income fall 

By Reuters News


Overview

  • Canada digital assets platform's Q3 revenue and operating income declined yr/yr

  • Company cites lower Valour management fees, staking and lending income, and reduced AUM

  • Company reported $26.1 mln in Valour net inflows into ETPs


Outlook

  • Company expects higher AUM to increase management fees and staking income on eligible assets

  • DeFi Technologies sees broader revenue opportunity if digital asset market recovery is sustained


Result Drivers

  • LOWER FEE INCOME - Co reported declines in Valour's average AUM and management fees and staking and lending income

  • REDUCED AUM - Valour reported average AUM of $492.8 mln in Q3 2026, down from $950.7 mln in Q3 2025

  • TRADING COMMISSIONS - Stillman Digital contributed $2.2 mln in trading commissions revenue in Q3 2026


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Total Revenue

$18.3 mln

Q3 Operating Income

$7 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the financial technology (fintech) peer group is "buy"

  • Wall Street's median 12-month price target for DeFi Technologies Inc is C$2.25, about 373.7% above its November 11 closing price of C$0.48

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • Nov 12 - Hyperion DeFi posts third straight record quarterly profit

  • Nov 12 - Bit Digital Q3 revenue misses as bitcoin mining winddown weighs

  • Nov 12 - BTCS Q3 revenue rises on Imperium growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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