DeFi Technologies Reports Q3 2026 Revenue Growth and Increased Assets Under Management
DeFi Technologies Inc. (DEFT) reported a recovery in its third quarter 2026 financial performance, driven by improved digital asset market conditions. The company achieved revenue of $18.3 million and net income of $22.3 million, which included significant mark-to-market gains on cryptocurrency assets and venture portfolio revaluations. Assets Under Management (AUM) surged to $643.7 million, a 62% increase since the end of June 2026, fueled by rising asset prices and new capital inflows. While core operating revenue stood at $6.1 million, the company's total balance sheet remains robust with $159.1 million in holdings, including $47.8 million in cash and equivalents. Despite the growth, management noted challenges regarding a disconnect between market capitalization and shareholder equity. Additionally, the company faces legal expenses related to an ongoing class action lawsuit expected to resolve in early 2027 and has indicated it may perform a reverse stock split by March 2027 to maintain Nasdaq compliance.
Topics: assets under management cryptocurrency digital assets net income revenue