The balance sheet reflects extreme sensitivity to market conditions, with total assets contracting from a peak of $1.3B in 2024Q4 to $636.3M in 2026Q1, while negative retained earnings of $95.0M continue to impair equity quality.
| Total Current Assets | 523.73M | 589.48M | 1.03B | 375.03M | 109.7M | 188.25M | 1.39M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 450M | 417.66M | 345.82M | 104.15M | 0 | -137.37K |
| Total Non-Current Assets | 112.53M | 235.08M | 294.32M | 71.19M | 84.3M | 274.94M | 4.33M |
| Property, Plant & Equipment | 2.84M | 3M | 130 | 5.79K | 1.94M | 39.51K | 0 |
| Fixed Asset Turnover | 28.77x | 25.29x | 750884.62x | 3381.89x | 0.64x | 261.72x | - |
| Goodwill | 0 | 35.08M | 49.34M | 35.21M | 46.71M | 0 | 0 |
| Intangible Assets | 35.2M | 400.21K | 2.1M | 2.67M | 5.58M | 68.96M | 0 |
| Long-Term Investments | 714.79M | 163.78M | 242.39M | 32.82M | 30.02M | 204.52M | 4.33M |
| Other Non-Current Assets | - | - | - | - | - | - | - |
| Total Assets | 636.27M | 824.56M | 1.32B | 446.22M | 194M | 463.19M | 5.72M |
| Asset Turnover | 0.07x | 0.09x | 0.07x | 0.04x | 0.01x | 0.02x | - |
| Asset Growth % | 33.25% | -37.57% | 195.98% | 130.01% | -58.12% | 7995.32% | - |
| Total Current Liabilities | 569.32K | 672.46M | 1.3B | 432.32M | 164.38M | 0 | 778.14K |
| Accounts Payable | 0 | 631.13M | 1.26B | 389.7M | 111.25M | 0 | 695.54K |
| Days Payables Outstanding | - | - | - | - | - | - | - |
| Short-Term Debt | 569.32K | 2.61M | 13.95M | 42.37M | 52.82M | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 37.72M | 25.1M | 0 | 0 | 0 | 0 |
| Current Ratio | 919.93x | 0.88x | 0.79x | 0.87x | 0.67x | - | 1.79x |
| Quick Ratio | 919.93x | 0.88x | 0.79x | 0.87x | 0.67x | - | 1.79x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 479.05M | 2.55M | 0 | 0 | 1.71M | 370.71M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - |
| Total Liabilities | 479.62M | 675.01M | 1.3B | 432.32M | 166.09M | 370.71M | 778.14K |
| Total Debt | 2.98M | 5.71M | 13.95M | 42.37M | 54.53M | 5.69K | 0 |
| Net Debt | -85.45M | -85.52M | -8.98M | 37.3M | 49.63M | -188.19M | -260.42K |
| Debt / Equity | 0.02x | 0.04x | 0.60x | 3.05x | 1.95x | 0.00x | - |
| Debt / EBITDA | 0.58x | 0.19x | - | - | - | - | - |
| Net Debt / EBITDA | -16.63x | -2.86x | - | - | - | - | -0.16x |
| Interest Coverage | 11.57x | 14.59x | -9.09x | - | -15.42x | -59.28x | - |
| Total Equity | 156.65M | 149.55M | 23.15M | 13.9M | 27.91M | 92.48M | 4.94M |
| Equity Growth % | 648.11% | 545.99% | 66.51% | -50.18% | -69.82% | 1770.72% | - |
| Book Value per Share | 0.54 | 0.40 | 0.06 | 0.06 | 0.13 | 0.48 | 0.10 |
| Total Shareholders' Equity | 156.65M | 149.55M | 23.15M | 13.91M | 27.91M | 92.48M | 4.94M |
| Common Stock | 226.84M | 222.97M | 201.48M | 128.67M | 166.15M | 164.51M | 18.32M |
| Retained Earnings | -95.01M | -100.1M | -221.77M | -138.35M | -167.48M | -102.72M | -17.7M |
| Treasury Stock | 0 | 0 | 0 | 27.45K | 0 | 0 | 0 |
| Accumulated OCI | 21.61M | -1.48M | 3.25M | -1.25M | -3M | 26.34M | 0 |
| Minority Interest | 0 | 0 | 0 | -3.67K | 0 | 0 | 0 |
Asset Valuation Volatility
As reported in financial statements, DeFi Technologies has experienced extreme fluctuations in total assets, which peaked at $1.3B in 2024Q4 before contracting to $636.3M in 2026Q1, signaling that the firm's balance sheet is highly sensitive to the underlying market value of its digital asset holdings.
The dramatic swings in asset levels suggest that the company's financial position is less a reflection of operational growth and more a byproduct of mark-to-market volatility. Investors should monitor whether this instability persists, as it complicates the assessment of the firm's long-term capital base and its ability to sustain operations during market downturns.
Based on the most recent quarterly data, the company maintains a cash position of $514.7M, yet the current ratio of 919.93 appears anomalous and warrants further investigation, as it suggests a significant disconnect between liquid assets and the firm's immediate short-term liabilities in the current reporting period.
While the high cash balance provides a substantial buffer against immediate shocks, the extreme current ratio indicates that the company's liquidity profile is not representative of a standard operating business. This suggests that the firm may be holding significant amounts of cash or cash-equivalents that are not being efficiently deployed into its core DeFi infrastructure.
According to historical balance sheet data, the company's equity base remains constrained by persistent negative retained earnings, which reached -$95.0M in 2026Q1, indicating that historical losses continue to weigh heavily on the firm's book value despite periodic capital injections or valuation gains.
The reliance on external capital or valuation adjustments to maintain equity levels suggests that the core business has yet to achieve a self-sustaining profitability model. Investors should be cautious, as the negative retained earnings trend implies that the company has historically struggled to generate organic value for shareholders.
As indicated by the provided financial disclosures, the company's balance sheet is heavily influenced by non-cash valuation adjustments, which makes the reported total asset figures potentially misleading for analysts attempting to gauge the firm's true operational scale and underlying financial health in a volatile crypto market.
The presence of significant goodwill and the sensitivity of assets to digital asset prices suggest that the balance sheet may be prone to sudden impairments if market sentiment shifts. This risk is compounded by the lack of tangible assets, which leaves the firm's book value highly vulnerable to rapid, non-cash write-downs.
Quick answers to the most common questions about buying DEFT stock.
As of 2025, DeFi Technologies Inc. (DEFT) had total assets of $824.6M including $589.5M in current assets.
DeFi Technologies Inc. (DEFT) carries total debt of $5.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DeFi Technologies Inc. (DEFT) has total shareholders' equity (book value) of $149.6M ($0.40 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DeFi Technologies Inc. (DEFT) reported a current ratio of 0.88x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.