
DeFi Technologies (NASDAQ:DEFT) reported a profitable first quarter of 2026 despite what executives described as a difficult period for digital assets, with weaker cryptocurrency prices pressuring assets under management, staking income and investor activity.
Chief Executive Officer and Executive Chairman Johan Wattenström said the company generated revenue of CAD 11.2 million and net income of CAD 4.9 million in the quarter. He said the results showed the “strength and durability” of DeFi Technologies’ business model during what management viewed as a particularly challenging stretch of the recent crypto market downturn.