What does Defi Technologies do and what are its main business segments?

What is Defi Technologies's gross profit margin?

What is Defi Technologies's latest dividend and current dividend yield?

What guidance did Defi Technologies's management provide for the next earnings period?

What is the revenue and EPS growth rate for Defi Technologies year over year?

What factors drove the changes in Defi Technologies's revenue and profit?

What were the key takeaways from Defi Technologies's earnings call?

Did Defi Technologies beat or miss consensus estimates last quarter?

- **Record Q3 Performance**: $22.5 million revenue, $989.1 million AUM, and 58% staking utilization. $100 million equity raise to fuel growth.
- **CEO Transition**: Olivier Roussy Newton steps down after 3 years, handing over to Johan Wattenstrom with a $120 million balance sheet.
- **Strategic Focus**: Incoming CEO prioritizes market-making, arbitrage, and M&A. President targets Europe and Latin America with new ETFs and UCITS funds.
- **Risks & Outlook**: DeFi Alpha delays due to market consolidation; Q4 revenue achievement tied to Bitcoin price recovery.

**【Management Opening Remarks】**
- Curtis Schlaufman outlined the call structure, emphasizing Q3 financials, CEO transition, and growth initiatives. Participants included CFO Paul Bozoki, outgoing CEO Olivier Roussy Newton, incoming CEO Johan Wattenstrom, and President Andrew Forson.

**【CFO Financial Commentary】**
- **Revenue**: Q3 revenue of $22.5 million (year-to-date $80 million), with core forecast of $116.6 million for 2025. DeFi Alpha-related revenues ($102 million) deferred due to market consolidation.
- **AUM Growth**: Average AUM of $950.7 million (Q2: $760.2 million), driven by crypto price movements and positive cash flows into ETPs.
- **Profitability**: Operating income of $9 million (9M: $32.6 million), net income of $3.9 million (9M: $33.8 million). Cash on hand of $119.5 million and crypto holdings of $46.2 million.
- **Equity Raise**: $100 million raised in September to support staking, market-making, and arbitrage opportunities.

**【CEO Transition & Strategic Update】**
- **Olivier Roussy Newton**: Announced resignation after 3 years, highlighting record AUM ($989.1 million), $38.8 million ETP inflows, and 58% staking utilization. Emphasized profitability and transition to Johan Wattenstrom.
- **Johan Wattenstrom**: Outlined plans to leverage $120 million balance sheet for market-making, arbitrage, and M&A. Expected higher monetization rates post-infrastructure upgrades.

**【President's Strategic Initiatives】**
- **Andrew Forson**: Discussed geographic expansion (e.g., Europe, Latin America) and new products (e.g., leveraged ETFs, UCITS funds). Highlighted Stillman Digital's $51 billion transaction volume and institutional trading growth.

**【Q&A Highlights】**
- **DeFi Alpha Delays**: CFO noted delays in arbitrage profits due to digital asset treasury company proliferation. CEO expects core revenue achievable if crypto prices stabilize.
- **M&A Pipeline**: Incoming CEO emphasized selective M&A to enhance vertical integration and profitability. Stillman Digital's Bermuda license expanded international client access.
- **Stillman Digital Growth**: President highlighted $8.6 million Q3 revenue and long-term potential for liquidity provision in stablecoin ecosystems.
- **Crypto Market Outlook**: CFO expressed bullishness on Bitcoin ($100,000+), linking Q4 revenue achievement to price recovery.


DeFi Technologies Inc. (DEFT) Q3 2025 Earnings Call Transcript

Realized (Loss) on Digital Assets

Realized Gain (Loss) on Investments, Net

Unrealized Gain (Loss) on Investments, Net

Interest Income

ETP trading

Other Trading Income

Lending Income

Unrealized Gain on Digital Assets

Unrealized Gain on Etp Holders

Revaluation (Loss) Gain on ETP

Staking and Lending Income

Management Fees

Node Revenue

Unrealized Gain on Derivative Assets

Unrealized Loss on Equity Investments At Fvtpl

Trading Commissions

Research Revenue

Realized Gain (Loss) on Investments

Advisory Revenue

Realized and Net Change In Unrealized Gains On Digital Assets

Realized and Net Change In Unrealized Gain On Equity Investments At Fvtpl

Realized and Net Change In Unrealized Losses On Etp Payables

DEFT

DEFT fundamentals

You can ask Aime