DeFi Technologies Misses Q2 EPS Estimates, Upgrades 2025 and 2026 Forecasts

DeFi Technologies reported a net income per share of ($0.00) and adjusted EPS of $0.05 in 2Q25, missing our estimate of $0.10. Core revenue fell short of our $38 million forecast by $10 million, primarily due to lower-than-expected assets and a less favorable mix. We're taking up our 2025 and 2026 forecasts from $0.39/$0.48 to $0.44/$0.52. Valuation remains compelling, with further room to run as awareness and appreciation of the company's unique business model and growth prospects continue to build.

Title: DeFi Technologies Q2 2025 Results: Mixed Performance and Strong Asset Growth

Toronto - DeFi Technologies Inc. (Nasdaq: DEFT), a fintech company with a market capitalization of $16.7 million, reported its Q2 2025 financial results, showcasing a mixed performance. The company's adjusted revenue for the quarter was $32.1 million, an increase of 30.8% year-over-year (YoY), compared to $25.3 million in the same period last year [1].

Key financial highlights include adjusted EBITDA of $21.6 million and adjusted net income of $17.4 million, up from negative $2.5 million and a loss of $6.1 million, respectively, in Q2 2024. Despite the improvements, the company missed analysts' estimates of $0.10 adjusted EPS, reporting $0.05 instead, and fell short of the $38 million core revenue forecast by $10 million [1].

Valour, DeFi Technologies' asset management business, experienced significant growth, with assets under management (AUM) increasing from $772.8 million to $947 million by July 31, 2025, representing a 23% month-over-month (MoM) growth. This growth was driven by rising digital asset prices and positive net inflows of $25 million for the quarter [1].

The company's stock has performed strongly, gaining over 106% in the past year and trading near its 52-week high of $139.17. DeFi Technologies raised its 2025 annualized operating revenue guidance to $218.6 million, citing strong performance in its asset management business and favorable market conditions [1].

Additionally, DeFi Technologies reported adding 78 institutional shareholders since early July, bringing the total to 84, collectively holding over 31 million shares. The company also launched a new advisory business to manage digital asset treasuries, securing Nuvve Holding Corp. as its first client [1].

However, the company faced challenges, including discrepancies in share ownership records identified during a shareholder intelligence initiative. Furthermore, DeFi Technologies announced a partnership with Misyon Bank and Misyon Kripto to introduce exchange traded products in Türkiye, enhancing access to digital assets for Turkish investors [1].

Despite the mixed performance, the company's valuation remains compelling, with further room to run as awareness and appreciation of its unique business model and growth prospects continue to build. DeFi Technologies' ongoing efforts to expand its presence in the digital asset space are likely to drive future growth.

References:
[1] https://www.investing.com/news/company-news/defi-technologies-reports-q2-2025-results-with-321-million-revenue-93CH-4194068