DeFi Technologies Heads to StoneX Summit with Q1 Profit and $156 Million in Reserves, Seeking to Reverse Its Steep Decline

The Canadian fintech firm DeFi Technologies will take the stage at the Benchmark-StoneX Digital Assets Summit in New York on May 27, an event designed to connect publicly traded and private crypto companies with institutional investors. For a stock that has lost more than 80% of its value over the past twelve months, the one-on-one meetings scheduled at the gathering represent a direct line to the kind of capital that could help turn its fortunes around. The company is coming off a first quarter that delivered a net profit even as revenue collapsed.

Revenue for the three months ended March 31 came in at $11.2 million, down from $43.8 million in the same period a year earlier — a decline of more than 75%. The drop was driven largely by weaker cryptocurrency prices and a shift in portfolio composition toward Bitcoin products, which carry lower or zero management fees. CFO Paul Bozoki noted that the effective management fee fell to roughly 1% from 1.2% as Altcoins, which generate higher fees, lost value more sharply. Despite the revenue crunch, the company booked a net profit of $4.9 million.

That earnings performance sits on top of a balance sheet that management describes as a war chest for growth. At the end of March, DeFi Technologies held $103.4 million in cash and stablecoins USDT and USDC, plus $23.5 million in digital treasury assets and a venture portfolio worth $29.1 million — a total of roughly $156 million. Working capital swung from negative $5.1 million to positive $47.3 million. The company says the liquidity positions it to pursue acquisitions, invest in infrastructure, and cushion risks tied to its ETP business.

The asset-management side of the business showed signs of stabilization after a rocky quarter. Average assets under management during Q1 stood at about 533 million Canadian dollars, dipping at one point to 427 million CAD in line with market slides. Since the quarter’s close, however, AUM has climbed back above $550 million. Net inflows in April reached $14.6 million — the second-highest monthly figure in the past year, trailing only September’s $22.6 million. The Valour subsidiary contributed an average $3.3 million per quarter from fees, staking, and lending, while the trading arm Stillman Digital brought in $2.9 million in commissions, up from $2.1 million a year earlier.

Should investors sell immediately? Or is it worth buying DeFi Technologies?

Stillman Digital is expected to provide a measure of revenue predictability even if crypto prices remain volatile. Analysts project its annual revenue could grow by 15% to 20% in 2026. That relative stability is one reason three covering analysts maintain a “Strong Buy” rating on the stock, even after one of them slashed targets. Benchmark Bank cut its price objective from $3 to $2 and then again to $0.90 following the earnings release. The consensus target nonetheless stands at $2.17, implying substantial upside from current levels.

The stock itself sits in a precarious position. It has fallen 19.68% year to date and 82.25% over the past twelve months. The shares trade just below their 50-day moving average of €0.61 and far under the 200-day moving average of €1.06. In dollar terms, the stock is well under the $1 threshold required for continued listing on the Nasdaq. CEO Olivier Wattenström dismissed delisting fears on the earnings call, saying the company has time to comply and could execute a reverse stock split if needed. The 52-week range stretches from a high of $3.89 to a low of $0.47.

The StoneX Summit comes at a moment when concrete signals from institutional investors could begin to change the narrative. The agenda covers tokenization of real-world assets, stablecoin payments, crypto trading infrastructure, digital lending, and asset management — all areas where DeFi Technologies’ Valour platform operates. Unlike a product launch, the event offers face-to-face access to investors actively seeking regulated crypto exposure. The company’s confirmed participation is the headline catalyst; no new transactions or products have been announced in advance.

What happens after the summit matters most. If the meetings yield statements of institutional demand, new ETP structures, or partnership talk, the stock could find a bid. Without such follow-through, the event remains little more than a networking opportunity — important for long-term positioning but insufficient to break the technical downtrend. The next few months will test whether the April inflow momentum can be sustained and whether the company can manage its Nasdaq compliance clock while trying to close the gap between its current market valuation and the confidence analysts still express in the business.