DEFSEC Technologies Inc. Warrant(DFSCW)Earnings, Financials & Key Ratios
DFSCW•NASDAQ•Banking & Credit
$0.02
·Price updated May 7, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryPost-merger operating companies misclassified
AboutDEFSEC Technologies Inc. is a leader in advanced tactical systems for defense and public security markets. The company develops digitization technologies for situational awareness, countermeasures against electronic detection and laser threats, and non-lethal products. It recently changed its corporate name from KWESST Micro Systems Inc. to DEFSEC Technologies Inc. The company operates an expanded facility in Kanata North, Ottawa, Ontario, and is focused on growth in defense technology solutions.Show more
- Net Interest Income-$196K+70.6%
- Total Revenue$2M+21.9%
- Net Income-$7M+20.1%
- Return on Equity-280.46%+55.8%
- Net Interest Margin-3.5%+38.5%
- Efficiency Ratio683.75%-29.2%
- ROA-85.61%+12.2%
- Equity / Assets24.36%-27.2%
- Debt/Equity0.22+102.4%
DFSCW Key Insights
DEFSEC Technologies Inc. Warrant (DFSCW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Well capitalized: 24.4% equity/assets
- ✓Diversified revenue: 96.3% from non-interest income
✗Weaknesses
- ✗Weak NIM of -3.5%
- ✗High cost structure: 683.8% efficiency ratio
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DFSCW Price & Volume
DEFSEC Technologies Inc. Warrant (DFSCW) stock price & volume — 10-year historical chart
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DFSCW Growth Metrics
DEFSEC Technologies Inc. Warrant (DFSCW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years5.65%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-259.82%
5 Years-259.82%
3 Years-305.84%
Last Year-244.47%
DFSCW Peer Comparison
DEFSEC Technologies Inc. Warrant (DFSCW) competitors in Post-merger operating companies misclassified — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PLTR | 314.08B | 137.06 | 217.56 | 56.18% | 43.67% | 31.73% | 0.03 | |
 BWXT | 19.22B | 209.78 | 58.43 | 18.3% | 10.21% | 27.91% | 1.63 | |
 CACI | 10.82B | 490.03 | 21.95 | 12.64% | 5.86% | 13.15% | 0.86 | |
 SAIC | 4.24B | 94.12 | 12.22 | -2.9% | 4.93% | 23.73% | 0.14 | |
 LDOS | 16.51B | 131.22 | 11.79 | 3.07% | 7.77% | 27.1% | 1.19 | |
 KTOS | 10.68B | 57.00 | 438.46 | 18.52% | 2.08% | 1.26% | 0.09 | |
 AVAV | 8.4B | 168.18 | 108.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 RCAT | 1.02B | 10.36 | -17.27 | 459.81% | -227.71% | -33.59% | 0.07 |
Compare DFSCW vs Peers
DEFSEC Technologies Inc. Warrant (DFSCW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DFSCW Income Statement
DEFSEC Technologies Inc. Warrant (DFSCW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Net Interest Income | -111.27K | -506K | -668.03K | -196.32K | -193.92K |
| NII Growth % | - | -354.77% | -32.02% | 70.61% | 81.61% |
| Net Interest Margin % | -1.28% | -6.91% | -5.68% | -3.5% | -1.92% |
| Interest Income | 4.85K | 5.99K | 55.51K | 55.69K | 51.84K |
| Interest Expense | 116.11K | 511.99K | 723.55K | 252.01K | 244.21K |
| Loan Loss Provision | 682.77K | 24.75K | 702.28K | 765.82K | 2.51M |
| Non-Interest Income | 1.27M | 715.53K | 1.18M | 1.45M | 4.08M |
| Non-Interest Income % | 99.62% | 99.17% | 95.5% | 96.3% | 98.74% |
| Total Revenue | 1.28M▲ 0% | 721.52K▼ 43.4% | 1.23M▲ 71.1% | 1.5M▲ 21.9% | 4.13M▲ 0% |
| Revenue Growth % | - | -43.45% | 71.09% | 21.86% | 490.42% |
| Non-Interest Expense | 9.68M | 10.28M | 11.91M | 10.29M | 10.01M |
| Efficiency Ratio | 758.7% | 1424.24% | 965.09% | 683.75% | 242.42% |
| Operating Income | -9.2M▲ 0% | -10.09M▼ 9.7% | -12.1M▼ 20.0% | -9.8M▲ 19.0% | -8.63M▲ 0% |
| Operating Margin % | -721.31% | -1398.62% | -980.6% | -651.41% | -209.11% |
| Operating Income Growth % | - | -9.66% | -19.95% | 19.05% | - |
| Pretax Income | -9.32M▲ 0% | -10.57M▼ 13.5% | -9.31M▲ 12.0% | -7.44M▲ 20.1% | -9.56M▲ 0% |
| Pretax Margin % | -730.16% | -1464.93% | -753.89% | -494.42% | -231.54% |
| Income Tax | 0 | -49.44K | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0.47% | 0% | 0% | 0% |
| Net Income | -9.32M▲ 0% | -10.52M▼ 12.9% | -9.31M▲ 11.5% | -7.44M▲ 20.1% | -9.56M▲ 0% |
| Net Margin % | -730.16% | -1458.08% | -753.89% | -494.42% | -231.54% |
| Net Income Growth % | - | -12.93% | 11.54% | 20.08% | - |
| Net Income (Continuing) | -9.32M | -10.52M | -9.31M | -7.44M | -9.56M |
| EPS (Diluted) | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | -▲ 0% |
| EPS Growth % | - | - | - | - | - |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Diluted Shares Outstanding | 0 | 0 | 0 | 0 | 0 |
DFSCW Balance Sheet
DEFSEC Technologies Inc. Warrant (DFSCW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.69M | 170.54K | 5.41M | 256.83K | 10.06M |
| Cash & Due from Banks | 2.69M | 170.54K | 5.41M | 256.83K | 2.54M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 0 |
| Investments Growth % | - | - | - | - | 0% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 390.52K | 114.88K | 68.53K | 455.05K | 1.1M |
| Goodwill & Intangibles | 3.47M | 4.74M | 4.11M | 3.17M | 2.49M |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.47M | 4.74M | 4.11M | 3.17M | 2.49M |
| PP&E (Net) | 1.17M | 1.04M | 778.33K | 541.84K | 2.93M |
| Other Assets | 21.37K | 23.6K | 26.08K | 58.13K | 112.4K |
| Total Current Assets | 4.06M | 1.52M | 6.84M | 1.84M | 4.57M |
| Total Non-Current Assets | 4.66M | 5.81M | 4.92M | 3.77M | 5.53M |
| Total Assets | 8.72M▲ 0% | 7.32M▼ 16.0% | 11.76M▲ 60.6% | 5.62M▼ 52.2% | 10.11M▲ 0% |
| Asset Growth % | - | -15.99% | 60.56% | -52.23% | 97.03% |
| Return on Assets (ROA) | -106.85% | -131.16% | -97.54% | -85.61% | -94.61% |
| Accounts Payable | 620.04K | 2.29M | 367.13K | 881.84K | 304.65K |
| Total Debt | 361.16K | 2.55M | 429.52K | 302.22K | 2.74M |
| Net Debt | -2.33M | 2.38M | -4.98M | 45.4K | 197.54K |
| Long-Term Debt | 53.25K | 78.8K | 0 | 0 | 0 |
| Short-Term Debt | 0 | 2.2M | 0 | 0 | 0 |
| Other Liabilities | 1.11M | 1.12M | 1.14M | 1.12M | 1.04M |
| Total Current Liabilities | 1.16M | 6.93M | 6.38M | 2.98M | 2.15M |
| Total Non-Current Liabilities | 1.43M | 1.4M | 1.44M | 1.27M | 3.37M |
| Total Liabilities | 2.59M | 8.33M | 7.82M | 4.25M | 5.52M |
| Total Equity | 6.12M▲ 0% | -1M▼ 116.4% | 3.94M▲ 492.4% | 1.37M▼ 65.2% | 4.58M▲ 0% |
| Equity Growth % | - | -116.38% | 492.43% | -65.23% | 897.85% |
| Equity / Assets (Capital Ratio) | 70.24% | -13.69% | 33.47% | 24.36% | 45.37% |
| Return on Equity (ROE) | -152.12% | -410.88% | -634.66% | -280.46% | -208.55% |
| Book Value per Share | - | - | - | - | - |
| Tangible BV per Share | - | - | - | - | - |
| Common Stock | 17.22M | 19.5M | 33.38M | 37.82M | 44.2M |
| Additional Paid-in Capital | 2.46M | 3.55M | 4.77M | 5.15M | 5.38M |
| Retained Earnings | -15.39M | -25.91M | -35.22M | -42.65M | -49.87M |
| Accumulated OCI | -8.99K | -101.42K | -39.66K | -38.52K | -55.54K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
DFSCW Cash Flow Statement
DEFSEC Technologies Inc. Warrant (DFSCW) cash flow — operating, investing & free cash flow history
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -6.26M | -4.26M | -14.08M | -9.06M | -9.06M |
| Operating CF Growth % | - | 31.95% | -230.75% | 35.64% | 33.2% |
| Net Income | -9.32M | -10.52M | -9.31M | -7.44M | -9.56M |
| Depreciation & Amortization | 140.99K | 326.49K | 952.51K | 1.28M | 1.22M |
| Deferred Taxes | 0 | -49.44K | 0 | 0 | 0 |
| Other Non-Cash Items | 258.48K | 386.75K | -3.79M | -2.85M | 769.83K |
| Working Capital Changes | 198.48K | 3.64M | -2.31M | -343.67K | -1.41M |
| Cash from Investing | -1.07M | -1.11M | -1.44M | -111.15K | -162.72K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 250.35K | 7.81K | 0 | 0 |
| Other Investing | -263.23K | -1.18M | -1.27M | -9.82K | -26.68K |
| Cash from Financing | 6.94M | 2.85M | 20.76M | 4.02M | 10.29M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 6M | 344K | 23.7M | 4.97M | 13.24M |
| Net Stock Activity | 6M | 344K | 23.7M | 4.97M | 13.24M |
| Debt Issuance (Net) | -242.4K | 1000K | -1000K | -197.65K | -203.01K |
| Other Financing | 1.18M | 8.1K | -539.15K | -746.31K | -2.75M |
| Net Change in Cash | -385.65K▲ 0% | -2.52M▼ 552.8% | 5.24M▲ 308.0% | -5.15M▼ 198.4% | 1.36M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 3.07M | 2.69M | 170.54K | 5.41M | 4.41M |
| Cash at End | 2.69M | 170.54K | 5.41M | 256.83K | 2.54M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -7.15M▲ 0% | -5.62M▲ 21.4% | -15.38M▼ 173.6% | -9.17M▲ 40.4% | -8.93M▲ 0% |
| FCF Growth % | - | 21.37% | -173.61% | 40.36% | - |
DFSCW Banking Ratios
DEFSEC Technologies Inc. Warrant (DFSCW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -410.88% | -634.66% | -280.46% | -208.55% |
| Return on Assets (ROA) | -131.16% | -97.54% | -85.61% | -94.61% |
| Net Interest Margin | -6.91% | -5.68% | -3.5% | -1.92% |
| Efficiency Ratio | 1424.24% | 965.09% | 683.75% | 242.42% |
| Equity / Assets | -13.69% | 33.47% | 24.36% | 45.37% |
| NII Growth | -354.77% | -32.02% | 70.61% | - |
| Dividend Payout | - | - | - | 0% |
DFSCW Frequently Asked Questions
DEFSEC Technologies Inc. Warrant (DFSCW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
DEFSEC Technologies Inc. Warrant (DFSCW) grew revenue by 21.9% over the past year. This is strong growth.
DEFSEC Technologies Inc. Warrant (DFSCW) reported a net loss of $9.6M for fiscal year 2024.
Dividend & Returns
DEFSEC Technologies Inc. Warrant (DFSCW) has a return on equity (ROE) of -280.5%. Negative ROE indicates the company is unprofitable.
Industry Metrics
DEFSEC Technologies Inc. Warrant (DFSCW) has a net interest margin (NIM) of -3.5%. NIM has been under pressure due to interest rate environment.
DEFSEC Technologies Inc. Warrant (DFSCW) has an efficiency ratio of 683.8%. This is higher than peers, suggesting room for cost optimization.
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DEFSEC Technologies Inc. Warrant (DFSCW) financial analysis — history, returns, DCA and operating performance tools
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