Substantial AUM growth: Valour's asset management business reported an average AUM of $809.9 million throughout 2025, reflecting continued investor demand, new product launches, and favorable digital asset market conditions. Valour also achieved net inflows of $110.1 million into its ETP products during fiscal 2025.
Balance sheet transformation: As of December 31, 2025, DeFi Technologies held $113.8 million in cash and USDT/USDC ($91.2 M of cash). Digital asset treasury holdings totaled approximately $35.5 million, and the Company's venture and private portfolio was valued at approximately $29.4 million, bringing total cash, treasury, and venture portfolio value to approximately $178.7 million.
Stillman Digital, first full year of contribution: Trading commissions revenue grew 355% to $9.6 million in fiscal 2025, compared to $2.1 million in 2024, reflecting the first full year of contribution from Stillman Digital's institutional trading platform following its October 2024 acquisition. Stillman closed fiscal 2025 ahead of its initial guidance range.
TORONTO, April 2, 2026 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NASDAQ:DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), today announced its audited financial results for the fiscal year ended December 31, 2025, and confirms that it has filed its annual financial statements for the year ended December 31, 2025 and associated management's discussion and analysis and certifications on SEDAR+ and 2025 Annual Report on Form 40-F on EDGAR. All dollar amounts in this press release are in U.S. dollars, unless otherwise stated.
Audited Financial Highlights
Revenue
Total revenue for the fiscal year ended December 31, 2025, was $99.1 million, compared to $31.4 million in fiscal 2024, representing a 215% increase.
For the three months ended December 31, 2025, revenue was $20.0 million, compared to $(19.3 million) in Q4 2024.
Net Income
Net income and comprehensive income for the fiscal year ended December 31, 2025 was a record $62.7 million, compared to a net loss of $(27.6 million) in fiscal 2024.
For the three months ended December 31, 2025, net income was $28.9 million, compared to a net loss of $(22.3 million) in Q4 2024.
Q4 2025 vs. Q4 2024
For the three months ended December 31, 2025, DeFi Technologies reported revenue of $20.0 million and net income of $28.9 million, compared to revenue of $(19.3 million) and a net loss of $(22.3 million) in Q4 2024.
The year-over-year improvement of $51.2 million in net income reflects the Company's operational transformation and the resilience of its diversified business model across market cycles.
Operating Expenses
Total operating expenses decreased 14% to $52.6 million, compared to $61.3 million in 2024.
The decrease was driven primarily by a $6.0 million reduction in share-based payments and lower operating, general, and ...
