Defi Technologies Reports Second Quarter Revenue of $7.8 Million
The company held approximately $135 million in total cash, treasury, and venture portfolio value as of June 30, 2026
Defi Technologies, Inc. (DEFT), a financial technology company bridging traditional capital markets and decentralized finance, reported revenue of $7.8 million for the three months ended June 30, 2026. This figure declined from the $13.1 million reported in the second quarter of 2025. Core operating revenue, which excludes realized and net change in unrealized gains and losses, was $5.5 million, down from $6.7 million in the same period last year.
The company reported an operating loss of $2.3 million for the quarter, compared to an operating loss of $0.9 million for the three months ended June 30, 2025. Total operating expenses were $10.1 million, a decrease from $14 million in the prior-year period. The company attributed this decrease to cost discipline and lower share-based payments, though these were partially offset by higher general and administrative expenses related to growth initiatives.
Revenue generation was driven by the company's platform monetization. Valour generated $3.0 million in management fees, staking, and lending income on average quarterly assets under management of $471.5 million. Valour also recorded $22.8 million in net inflows during the quarter. Stillman Digital contributed $2.5 million in trading commissions revenue and is pacing for a record revenue year.
As of June 30, 2026, the company maintained a balance sheet with approximately $135 million in total cash, treasury, and venture portfolio value. This total includes $70.7 million in combined cash and USDT/USDC, $30 million in digital asset treasury holdings, $19.1 million in STRC/RWUSD, and a venture and private portfolio valued at $15.1 million.
Defi Technologies is deploying capital into strategic infrastructure, growth initiatives, and new institutional product structures.