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DelphX Capital Markets
(DELX)
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Rating:41Neutral
Price Target:
C$0.01
▲(40.00% Upside)
Action:Upgraded
Date:10/07/26
The score is weighed down primarily by very weak financial performance (no revenue, recurring losses, negative equity, and ongoing cash burn). Technicals offer only limited offset with neutral momentum and a longer-term downtrend. Valuation is not supportive due to negative earnings and no dividend yield data.
Positive Factors
Low Debt Burden
Very low reported debt reduces refinancing pressure and limits interest-related demands on cash flow. Although the company remains financially weak overall, this modest leverage burden preserves more flexibility than a heavily indebted balance sheet would provide if operations improve.
Negative Factors
No Reported Revenue
Zero reported revenue indicates that the business has not demonstrated recurring commercial activity in the disclosed periods. Without an established revenue base, funding operations and converting the company’s credit-risk product focus into sustainable earnings remain substantial and unresolved challenges.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt Burden
Very low reported debt reduces refinancing pressure and limits interest-related demands on cash flow. Although the company remains financially weak overall, this modest leverage burden preserves more flexibility than a heavily indebted balance sheet would provide if operations improve.
Read all positive factors
DelphX Capital Markets (DELX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.40M
Dividend YieldN/A
Average Volume (3M)87.64K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue GrowthN/A
EPS Growth41.89%
CountryCA
Employees7
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding240,060,180
10 Day Avg. Volume118,201
30 Day Avg. Volume87,640
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-4.39
Price to Sales (P/S)0.00
P/FCF Ratio-5.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DelphX Capital Markets Business Overview & Revenue Model
Company Description
DelphX Capital Markets Inc. operates as a technology and financial services company in Canada and the United States. The company develops and operates a global facility for transparent offering, purchase, sale, collection, and storage of various f...
How the Company Makes Money
DelphX’s stated business model has historically centered on generating revenue from structuring, issuing, and/or facilitating transactions in credit-protection and credit-risk mitigation products (for example, instruments designed to reduce exposu...
DelphX Capital Markets Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -2.75K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.75K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.83M | -1.88M | -4.76M | -2.03M | -4.51M | -3.04M |
| Net Income | -1.85M | -1.89M | -4.77M | -2.04M | -4.67M | -3.25M |
Balance Sheet | ||||||
| Total Assets | 146.66K | 117.51K | 160.89K | 237.08K | 475.19K | 1.81M |
| Cash, Cash Equivalents and Short-Term Investments | 38.30K | 47.58K | 54.26K | 136.17K | 263.57K | 1.47M |
| Total Debt | 33.03K | 0.00 | 0.00 | 0.00 | 0.00 | 183.51K |
| Total Liabilities | 2.55M | 2.40M | 2.75M | 2.60M | 3.37M | 2.83M |
| Stockholders Equity | -2.41M | -2.29M | -2.59M | -2.37M | -2.89M | -1.03M |
Cash Flow | ||||||
| Free Cash Flow | -1.39M | -1.89M | -2.12M | -2.01M | -3.36M | -1.40M |
| Operating Cash Flow | -1.39M | -1.89M | -2.12M | -2.01M | -3.36M | -1.40M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 1.36M | 1.79M | 2.24M | 1.79M | 2.04M | 2.66M |
DelphX Capital Markets Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$86.46M | 15.50 | 17.74% | ― | 2819.70% | ― | |
52 Neutral | C$103.83M | -8.03 | -13.93% | ― | -13.15% | 24.49% | |
42 Neutral | C$963.76K | -0.43 | -92.13% | ― | -16.24% | 17.37% | |
41 Neutral | C$2.40M | -1.74 | 80.79% | ― | ― | 41.89% |
* Financial Sector Average
TSE:DELX
DelphX Capital Markets
0.02
-0.04
-72.73%
TSE:DEFI
DeFi Technologies
0.83
0.00
0.00%
TSE:GLXY
Galaxy Digital
―
―
―
TSE:DMGI
DMG Blockchain Solutions
0.51
-0.05
-8.93%
TSE:FRNT
FRNT Financial, Inc.
0.03
-0.31
-91.18%
DelphX Capital Markets Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
DelphX Corrects Private Placement Terms After Insider-Backed Financing
Neutral
Sep 24, 2026
DelphX Capital Markets has corrected its previously announced figures for a recently closed non-brokered private placement, stating it issued 6,400,000 units at C$0.01 per unit for total gross proceeds of C$64,000, rather than 6,100,000 units and ...
Business Operations and StrategyPrivate Placements and Financing
DelphX Raises C$61,000 in Insider-Backed Private Placement
Positive
Sep 23, 2026
DelphX Capital Markets has closed a non-brokered private placement of 6.1 million units at C$0.01 per unit, raising gross proceeds of C$61,000 to fund working capital and corporate overhead. Each unit comprises one common share and a two-year warr...
Business Operations and StrategyPrivate Placements and Financing
DelphX launches modest private placement to fund structured products push
Neutral
Sep 22, 2026
DelphX Capital Markets Inc. has launched a non-brokered private placement of up to 5,600,000 units at C$0.01 per unit, aiming to raise as much as C$56,000 to support working capital and corporate overhead. Each unit includes a common share and a w...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
DelphX Clarifies Dual Private Placements Backing Structured Product Expansion
Neutral
Aug 24, 2026
DelphX Capital Markets Inc. has clarified details of two recent equity financings completed via private placements on June 30 and August 5. The offerings raised a combined C$125,000 through the issuance of 10.5 million units, each consisting of on...
Business Operations and StrategyPrivate Placements and Financing
DelphX Launches Modest Private Placement to Support Structured Products Push
Neutral
Aug 20, 2026
DelphX Capital Markets has launched a non-brokered private placement of up to 5,000,000 units at C$0.01 each, targeting gross proceeds of up to C$50,000. Each unit comprises one common share and a warrant exercisable at C$0.06 for two years, with ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.