DeFi Technologies Q1 Revenue Down to $11.2M with $4.9M Net Income and $156M Assets
DEFT•DeFi Technologies posted Q1 2026 revenue of $11.2M and net income of $4.9M, down from $43.8M and $30.0M a year earlier. It closed March with $156M in cash, treasury and venture assets, positive working capital of $47.3M and generated $3.3M from Valour plus $2.9M from Stillman Digital.
1. Q1 Financial Results
DeFi Technologies reported Q1 2026 revenue of $11.2 million and net income of $4.9 million, compared to $43.8 million revenue and $30.0 million net income in Q1 2025. Operating expenses declined to $11.4 million from $12.5 million year-over-year.
2. Balance Sheet Strength
As of March 31, the company held $103.4 million in cash and USDT/USDC, $23.5 million in digital asset treasury holdings and a $29.1 million venture portfolio, totaling $156 million in assets and positive working capital of $47.3 million versus a $5.1 million deficit at year-end 2025.
3. Platform Monetization
Valour generated $3.3 million from management fees, staking and lending on average AUM of $533.6 million, while Stillman Digital contributed $2.9 million in trading commissions, highlighting diversified revenue streams during broader DeFi market downturns.
