Defi Technologies Total Revenues Drop to $18.96 Million
Total revenues for the six months ended June 30, 2026, fell to $18.96 million from $56.88 million in the prior-year period
Defi Technologies, Inc. (DEFT), a digital asset company, reported total revenues of $18.96 million for the six months ended June 30, 2026, compared to $56.88 million for the same period in 2025.
The company's core revenue streams showed mixed trajectories. Trading commissions rose to $5.39 million for the six-month period, up from $4.00 million in 2025. However, staking and lending income fell to $3.81 million from $5.97 million, and management fees declined to $2.46 million from $4.66 million over the same timeframe.
Volatility in asset valuations significantly impacted the bottom line. For the six months ended June 30, 2026, the company recorded a realized and net change in unrealized loss on digital assets of $197.74 million, compared to a loss of $88.93 million in 2025. This was partially offset by a realized and net change in unrealized gain on ETP payables of $244.92 million, which rose from $173.81 million in the prior-year period.
Operating expenses for the six months ended June 30, 2026, were $21.49 million, an increase from $26.47 million in 2025. General and administrative expenses rose to $15.54 million from $14.11 million, while share-based payments dropped to $2.99 million from $8.55 million. The company reported an operating loss of $2.54 million for the six-month period, compared to an operating income of $30.41 million in 2025.
On the balance sheet, total assets decreased to $573.25 million as of June 30, 2026, from $824.56 million on December 31, 2025. Digital assets held by the company fell to $189.69 million from $356.45 million. Conversely, digital assets loaned increased to $136.27 million from $87.33 million.
Total liabilities decreased to $430.65 million from $675.01 million at the end of 2025. This reduction was driven largely by ETP holders payable, which fell to $397.24 million from $622.30 million. Total shareholders' equity stood at $142.61 million as of June 30, 2026, down from $149.55 million on December 31, 2025.