DeFi Technologies (NASDAQ:DEFT) reported record-breaking financial results for the fiscal year ended December 31, 2025, as the firm’s diversified digital asset strategy and recent acquisitions drove a significant expansion in both top-line revenue and net profitability.
The company generated $99.1 million in total revenue for 2025, resulting in $62.7 million in net income.
The performance was bolstered by a disciplined approach to cost management, with operating expenses falling 14% to $52.6 million.
By the close of the fiscal year, DeFi Technologies’ total treasury—comprising cash, digital assets, and its venture portfolio—reached $178.7 million.
The company’s asset management arm, Valour, emerged as a primary growth engine, with management fees increasing 51% year-over-year to $9.7 million.
This growth coincided with a surge in institutional and retail interest in exchange-traded products (ETPs), pushing the company’s average assets under management (AUM) to $809.9 million for the period.
The 2025 results also highlighted the successful integration of Stillman, which contributed $9.6 million in trading commissions during its first full year following its acquisition.
The addition of Stillman’s high-frequency and institutional trading capabilities has allowed DeFi Technologies to capture value across the entire digital asset lifecycle, from issuance to secondary market liquidity.
Meanwhile, DeFi Technologies has been aggressive in managing its own digital treasury, utilizing its balance sheet to seed new products and participate in the broader decentralized finance ecosystem.