Revenue and profit tell different stories
DeFi Technologies reported revenue of $18.3 million for the quarter ended September 30, down from $22.3 million a year earlier. Operating income declined to $7.0 million from $9.0 million. The November 12 release states amounts in US dollars.
The company reported $22.3 million in net income. Management said trading gains and investment revaluations contributed materially, so that figure should not be read as revenue from customer fees.
Valour income and the next update
Valour’s combined management-fee, staking and lending income was $3.8 million, versus $7.8 million a year earlier. Its average quarterly assets under management were $492.8 million; $26.1 million of net inflows is a separate measure.
The shareholder webcast is scheduled for November 13 at 11 a.m. Eastern Time, or 16:00 UTC, with registration linked in the release. Management’s market-recovery outlook remains a forecast.
