DEFT
DeFi Technologies Inc.
Financial - Capital Markets
Market Cap$288M
5Y Perf.-66.3%
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Stock Comparison
DEFT vs IREN
Revenue, margins, valuation, and 5-year total return — side by side.
IREN
IREN Limited
Financial - Capital Markets
Market Cap$18.86B
5Y Perf.+618.7%
DEFT vs IREN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | DEFT | IREN |
|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $288M | $18.86B |
| Revenue (TTM) | $98M | $501M |
| Net Income (TTM) | $-91M | $402M |
| Gross Margin | 93.0% | 68.3% |
| Operating Margin | -31.5% | 3.5% |
| Forward P/E | 16.3x | 139.2x |
| Total Debt | $14M | $964M |
| Cash & Equiv. | $23M | $565M |
DEFT vs IREN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
DEFT
IREN
| Stock | Aug 24 | May 26 | Return |
|---|---|---|---|
| DeFi Technologies I… (DEFT) | 100 | 33.7 | -66.3% |
| IREN Limited (IREN) | 100 | 718.7 | +618.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DEFT vs IREN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: IREN leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. DeFi Technologies Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
DEFT
DeFi Technologies Inc.
The Banking Pick
DEFT is the clearest fit if your priority is growth exposure.
- Rev growth 398.6%, EPS growth -22.2%
- 398.6% NII/revenue growth vs IREN's 167.7%
- Lower P/E (16.3x vs 139.2x)
Best for: growth exposure
IREN
IREN Limited
The Banking Pick
IREN carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 2.97
- 132.5% 10Y total return vs DEFT's -56.2%
- Lower volatility, beta 2.97, Low D/E 53.1%, current ratio 4.29x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DEFT | 398.6% NII/revenue growth vs IREN's 167.7% |
| Value | DEFT | Lower P/E (16.3x vs 139.2x) |
| Quality / Margins | IREN | Efficiency ratio 0.6% vs DEFT's 1.2% (lower = leaner) |
| Stability / Safety | IREN | Beta 2.97 vs DEFT's 3.54, lower leverage |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | IREN | +7.7% vs DEFT's -75.7% |
| Efficiency (ROA) | IREN | Efficiency ratio 0.6% vs DEFT's 1.2% |
DEFT vs IREN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLIRENLAGGINGDEFT
DEFTDeFi Technologies Inc.
2leads
IRENIREN Limited
3leads
6 Total Categories
CATEGORYLEADERvs DEFTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
DEFT3/5
Valuation MetricsMultiples, price ratios, and targets
DEFT3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
IREN7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
IREN6/6
Risk & VolatilityBeta, volatility, and downside exposure
IREN2/2
Analyst OutlookRatings, price targets, and dividends
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Income & Cash Flow (Last 12 Months)
DEFT leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
IREN is the larger business by revenue, generating $501M annually — 5.1x DEFT's $98M. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to DEFT's -40.0%.
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| RevenueTrailing 12 months | $98M | $501M |
| EBITDAEarnings before interest/tax | -$64M | $172M |
| Net IncomeAfter-tax profit | -$91M | $402M |
| Free Cash FlowCash after capex | -$194M | -$260M |
| Gross MarginGross profit ÷ Revenue | +93.0% | +68.3% |
| Operating MarginEBIT ÷ Revenue | -31.5% | +3.5% |
| Net MarginNet income ÷ Revenue | -40.0% | +17.4% |
| FCF MarginFCF ÷ Revenue | -133.1% | -2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -85.7% | -7.1% |
DEFT leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
DEFT leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| Market CapShares × price | $288M | $18.9B |
| Enterprise ValueMkt cap + debt − cash | $281M | $19.3B |
| Trailing P/EPrice ÷ TTM EPS | -9.24x | 145.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.34x | 139.17x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 97.06x |
| Price / SalesMarket cap ÷ Revenue | 4.02x | 37.64x |
| Price / BookPrice ÷ Book value/share | 15.86x | 6.98x |
| Price / FCFMarket cap ÷ FCF | — | — |
DEFT leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
IREN leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
IREN delivers a 18.6% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-77 for DEFT. IREN carries lower financial leverage with a 0.53x debt-to-equity ratio, signaling a more conservative balance sheet compared to DEFT's 0.60x. On the Piotroski fundamental quality scale (0–9), IREN scores 6/9 vs DEFT's 3/9, reflecting solid financial health.
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| ROE (TTM)Return on equity | -77.3% | +18.6% |
| ROA (TTM)Return on assets | -7.6% | +9.9% |
| ROICReturn on invested capital | -49.5% | +0.7% |
| ROCEReturn on capital employed | -166.2% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.60x | 0.53x |
| Net DebtTotal debt minus cash | -$9M | $400M |
| Cash & Equiv.Liquid assets | $23M | $565M |
| Total DebtShort + long-term debt | $14M | $964M |
| Interest CoverageEBIT ÷ Interest expense | -104.40x | 16.60x |
IREN leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
IREN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IREN five years ago would be worth $23,252 today (with dividends reinvested), compared to $4,383 for DEFT. Over the past 12 months, IREN leads with a +765.3% total return vs DEFT's -75.7%. The 3-year compound annual growth rate (CAGR) favors IREN at 158.8% vs DEFT's -24.0% — a key indicator of consistent wealth creation.
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| YTD ReturnYear-to-date | -15.7% | +33.1% |
| 1-Year ReturnPast 12 months | -75.7% | +765.3% |
| 3-Year ReturnCumulative with dividends | -56.2% | +1633.2% |
| 5-Year ReturnCumulative with dividends | -56.2% | +132.5% |
| 10-Year ReturnCumulative with dividends | -56.2% | +132.5% |
| CAGR (3Y)Annualised 3-year return | -24.0% | +158.8% |
IREN leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
IREN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IREN is the less volatile stock with a 2.97 beta — it tends to amplify market swings less than DEFT's 3.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IREN currently trades 74.0% from its 52-week high vs DEFT's 15.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.54x | 2.97x |
| 52-Week HighHighest price in past year | $4.95 | $76.87 |
| 52-Week LowLowest price in past year | $0.47 | $6.36 |
| % of 52W HighCurrent price vs 52-week peak | +15.1% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 54.4 | 71.3 |
| Avg Volume (50D)Average daily shares traded | 6.1M | 34.5M |
IREN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates DEFT as "Buy" and IREN as "Buy". Consensus price targets imply 269.1% upside for DEFT (target: $3) vs 32.9% for IREN (target: $76).
| Metric | DEFTDeFi Technologies… | IRENIREN Limited |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $2.75 | $75.57 |
| # AnalystsCovering analysts | 3 | 13 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
IREN leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). DEFT leads in 2 (Income & Cash Flow, Valuation Metrics).
Best OverallIREN Limited (IREN)Leads 3 of 6 categories
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DEFT vs IREN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DEFT or IREN a better buy right now?
For growth investors, DeFi Technologies Inc.
(DEFT) is the stronger pick with 398. 6% revenue growth year-over-year, versus 167. 7% for IREN Limited (IREN). IREN Limited (IREN) offers the better valuation at 145. 8x trailing P/E (139. 2x forward), making it the more compelling value choice. Analysts rate DeFi Technologies Inc. (DEFT) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DEFT or IREN?
On forward P/E, DeFi Technologies Inc.
is actually cheaper at 16. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — DEFT or IREN?
Over the past 5 years, IREN Limited (IREN) delivered a total return of +132.
5%, compared to -56. 2% for DeFi Technologies Inc. (DEFT). Over 10 years, the gap is even starker: IREN returned +132. 5% versus DEFT's -56. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DEFT or IREN?
By beta (market sensitivity over 5 years), IREN Limited (IREN) is the lower-risk stock at 2.
97β versus DeFi Technologies Inc. 's 3. 54β — meaning DEFT is approximately 19% more volatile than IREN relative to the S&P 500. On balance sheet safety, IREN Limited (IREN) carries a lower debt/equity ratio of 53% versus 60% for DeFi Technologies Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — DEFT or IREN?
By revenue growth (latest reported year), DeFi Technologies Inc.
(DEFT) is pulling ahead at 398. 6% versus 167. 7% for IREN Limited (IREN). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to -22. 2% for DeFi Technologies Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DEFT or IREN?
IREN Limited (IREN) is the more profitable company, earning 17.
4% net margin versus -40. 0% for DeFi Technologies Inc. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IREN leads at 3. 5% versus -31. 5% for DEFT. At the gross margin level — before operating expenses — DEFT leads at 93. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DEFT or IREN more undervalued right now?
On forward earnings alone, DeFi Technologies Inc.
(DEFT) trades at 16. 3x forward P/E versus 139. 2x for IREN Limited — 122. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DEFT: 269. 1% to $2. 75.
08Which pays a better dividend — DEFT or IREN?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is DEFT or IREN better for a retirement portfolio?
For long-horizon retirement investors, IREN Limited (IREN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+132.
5% 10Y return). DeFi Technologies Inc. (DEFT) carries a higher beta of 3. 54 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IREN: +132. 5%, DEFT: -56. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DEFT and IREN?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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