DeFi Technologies Inc. (NASDAQ: DEFT) reported annual revenue of $99.1 million and net income of $62.7 million for the fiscal year ended December 31, 2025, according to its audited financial results.

The company's annual revenue increased 215% from $31.4 million in 2024, while net income improved by $90.3 million from a net loss of $27.6 million in the previous year. For the fourth quarter of 2025, DeFi Technologies reported revenue of $20.0 million and net income of $28.9 million.

Valour, the company's asset management business, maintained an average assets under management of $809.9 million throughout 2025 and achieved net inflows of $110.1 million into its exchange-traded product offerings. Management fees from Valour increased 51% to $9.7 million compared to $6.4 million in 2024.

Stillman Digital, acquired in October 2024, contributed $9.6 million in trading commissions revenue for its first full year, representing a 355% increase from $2.1 million in 2024. The company also launched its DeFi Advisory business line in the third quarter of 2025, generating $0.3 million in advisory revenue.

Total operating expenses decreased 14% to $52.6 million from $61.3 million in 2024, driven primarily by a $6.0 million reduction in share-based payments and lower general and administrative costs.

As of December 31, 2025, DeFi Technologies held $113.8 million in cash and stablecoins, with digital asset treasury holdings totaling approximately $35.5 million and venture portfolio valued at approximately $29.4 million. Combined cash, treasury, and venture portfolio value reached approximately $178.7 million.

The financial technology company operates through multiple business segments including Valour's exchange-traded products, Stillman Digital's institutional trading platform, Reflexivity Research, and DeFi Alpha trading operations.