DeFi Technologies posts $7.8M revenue and $2.3M loss in Q2 2026

DeFi Technologies Inc. (Nasdaq: DEFT) reported revenue of $7.8 million and an operating loss of $2.3 million for the second quarter ended June 30, 2026, according to a company press release. This compares to revenue of $13.1 million and an operating loss of $0.9 million in the same period a year earlier.

Core operating revenue, excluding realized and net changes in unrealized gains and losses, was $5.5 million, down from $6.7 million in Q2 2025. Total operating expenses fell to $10.1 million from $14 million in the prior-year quarter.

The company's Valour subsidiary recorded average assets under management of $471.5 million during the quarter, compared to $760.2 million in Q2 2025. Valour generated $22.8 million in net ETP inflows, while combined management fees, staking, and lending income totaled $3.0 million, down from $4.5 million a year earlier.

Stillman Digital, the company's institutional trading unit, contributed $2.5 million in trading commissions revenue, up from $1.9 million in Q2 2025.

As of June 30, 2026, DeFi Technologies held $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, bringing total combined holdings to approximately $135 million.

CEO Johan Wattenström described Q2 as "another challenging quarter for digital asset markets" and said the company is actively evaluating acquisition opportunities while continuing to develop its organic businesses, including a hedge fund strategy and a UCITS platform.

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