DeFi Technologies' Share Price Plunges Amid Record Profits

DeFi Technologies, a Canadian crypto-finance firm, is facing a peculiar situation where its share price has plummeted to new lows despite posting record profits. The company's stock closed at €0.3424 last Friday, marking a 2.39% drop and dipping below its previous 52-week low of €0.3408 set just a day earlier.

Over the past year, DeFi Technologies' shares have lost an astonishing 86.86% of their value, wiping out nearly seven-eighths of their worth from the July 2025 high of €2.60. This collapse is all the more striking given that the company reported a record net profit of $62.7 million on revenue of $99.1 million for the full 2025 fiscal year.

The first quarter of 2026 saw DeFi Technologies generate $11.2 million in revenue and $4.9 million in net income, with operating costs totaling $11.4 million. The company's balance sheet has also been repaired, with cash, stablecoins, digital assets, and venture holdings totaling roughly $156 million.

Despite these positive financial indicators, the share price remains stubbornly low. Shareholders have authorized a reverse stock split to address this issue, which typically occurs when a company's share price falls below certain exchange listing requirements.