Key Takeaways
- DEFT shares rallied 32% during after-hours trading Tuesday
- Preliminary fiscal 2025 revenue reached $99.1M, representing a 215% year-over-year increase from $31.4M
- Fourth-quarter revenue of $20.0M fell below the $33.0M analyst estimate
- The firm posted net income of $62.7M, reversing a $27.6M net loss from the previous fiscal year
- Audited annual results filing faces delay while awaiting a SOC 2 Type 2 report from an external vendor — no auditor disputes or financial reporting concerns involved
DeFi Technologies revealed preliminary unaudited revenue of $99.1 million for its fiscal year 2025, marking a substantial 215% increase from the $31.4 million recorded in fiscal 2024. Investors responded enthusiastically, driving shares up 32% in after-hours trading.
The company’s return to profitability stood out as a major highlight in the financial update. DeFi Technologies recorded net income of $62.7 million, representing a remarkable $90.3 million improvement from the $27.6 million net loss reported in the prior fiscal year.
However, not all metrics exceeded expectations. The company’s fourth-quarter revenue of $20.0 million came in below the analyst consensus estimate of $33.0 million, creating a notable point of concern.
[[SCRIPT_0]]Valour, the firm’s asset management division, maintained average assets under management of $809.9 million throughout fiscal 2025. This performance reflected successful new product introductions, sustained investor interest, and positive digital asset market dynamics.
Valour’s exchange-traded product offerings attracted net inflows totaling $110.1 million during the fiscal year. The platform currently features over 100 listed products available to investors worldwide.
Stillman Digital’s Contribution and Strategic Growth
Stillman Digital, which serves institutional clients, concluded its inaugural full year of operations in fiscal 2025. Chief Executive Officer Johan Wattenström noted that it has “further strengthened the institutional layer” of the company’s overall platform.
Wattenström emphasized that the financial results “reflect the strength of the business model we have built,” highlighting the company’s diversified revenue sources and broad product portfolio as critical factors supporting sustained performance.
Annual Filing Postponement Details
DeFi Technologies announced it will not meet the scheduled deadline for filing its audited annual financial statements for the year ending December 31, 2025. This encompasses the management discussion and analysis, along with the required CEO and CFO certifications.
The company provided specific reasoning for the postponement: it is awaiting completion of a SOC 2 Type 2 report from an external vendor. This report represents an independent audit verification process.
Crucially, the delay stems from no disagreement with the company’s auditors. DeFi Technologies explicitly confirmed no problems exist with its financial statements and no weaknesses have been identified in internal controls governing financial reporting.
This clarification appeared to resonate with investors. Even with the filing postponement, the stock experienced significant upward momentum based on the revenue growth and profitability figures.
The fourth-quarter revenue of $20.0 million represents the primary area of underperformance within an otherwise robust annual financial report.
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