EarningsQ2 2026 Earnings Report
DEFT Q2 2026 EPS Results
Actual EPS-$0.04
Consensus EPS$0.00
Beat/MissMissed by -$0.04
One Year Ago EPS$0.00
DEFT Q2 2026 Revenue Results
Actual Revenue$3.03M
Expected Revenue$10.20M
Beat/MissMissed by -$7.17M
YoY Revenue Growth-88.51%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
DEFT Upcoming Earnings
DeFi Technologies's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed view: operational and strategic progress (meaningful net inflows, strong liquidity, institutional distribution gains, imminent product launches and continued cost discipline) counterbalanced by near-term financial pressure (revenues down ~30%, AUM decline to ~$397M quarter-end, $16.3M negative mark-to-market adjustments, and yield/monetization compression). Management emphasized a long-term growth orientation, product pipeline, and balance sheet strength but acknowledged regulatory timing risks and short-term markdown-driven earnings weakness.Company Guidance
Strong Net Inflows and Customer Demand
Valor generated $22.8 million of net inflows in Q2, the best quarter in some time. Approximately 40% of these inflows were attributed to institutional events and outreach. A notable lump sum of roughly $11 million into HBAR was a material contributor to the quarter's inflows.
Solid Liquidity and Balance Sheet
Quarter-end cash and cash equivalents of $60.3 million and total reported liquidity of $119.8 million (including $19.1M stretch preferreds, ~$10.4M RWA/USDT-USDC, and $30M digital asset treasury). Management invested $20M into MicroStrategy stretch preferreds (higher-yielding treasury allocation) while continuing to hold short-term U.S. Treasury bills (~3.5% yield).
Product and Platform Expansion
Platform comprised 102 ETPs and structured products at quarter end with plans to list roughly eight additional ETPs in Q3. The firm's first hedge fund launch is imminent (management: days to a few weeks), Valour platform beta targeted in H2 to bring custody in-house, and broader institutional/arbitrage strategies are planned for H2 to diversify revenue sources.
Cost Discipline and Improving Operating Efficiency
Q2 cash operating costs (G&A + fees & commissions) were $8.0 million, down from $9.6 million in Q1 (a $1.6M reduction). Management reiterated a target annualized cash operating cost structure of $36–$39 million and indicated the company is trending toward the lower end of that range.
Stillman Digital Performing and Diversifying Revenue
Stillman Digital generated approximately $5.4 million during the first half of 2026 and is on pace for a second record revenue year. Management emphasizes Stillman revenue is driven by trading volumes and spreads rather than crypto price appreciation.
Institutional Sales Platform and Marketing Gains
Management highlighted improved institutional distribution and a new institution-focused sales/marketing approach; face-to-face events (e.g., Abu Dhabi) and refined outreach have converted to measurable inflows and are expected to drive further institutional adoption.
DEFT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed