DCM DeFi Capital Markets, Inc.

Overview and Growth

DeFi Capital Markets, Inc. generated $4.85M of revenue in fiscal 2026, with net loss of $2.49M and an operating cash inflow of $536.18K. The $4.85M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 79.4% below fiscal 2025 revenue of $23.56M, marking a top-line contraction. Diluted earnings per share were -$1.04, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 572.7% decrease from fiscal 2025 diluted EPS of $0.22. Diluted shares averaged 2.40M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 3.7% from 2.31M in fiscal 2025, leaving the current share base higher year over year. The company employed $4.50M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 1.08x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $803.39K as gross profit before recognizing operating expenses and other items. Gross profit represented 16.6% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $4.65M after the reported operating expense base. An operating margin of -96.0% reflected costs exceeding revenue-level gross profit by 96.0% of sales. After all below-operating-line items, the company recorded a net loss of $2.49M for the fiscal year. The net loss equaled 51.3% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $2.12M, before the effect of income taxes. Pretax margin was -43.7%, reflecting a pre-tax loss equal to 43.7% of revenue. The company recognized $366.00K of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 76.8% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 55.2%, placing the bottom-line deficit against the company’s resource base. The bottom line deteriorated from $500.68K of income in fiscal 2025 to a $2.49M loss.

Liquidity and Capital Structure

Total assets were $4.50M, supported by $1.27M of liabilities and $3.24M of shareholder equity. Current assets were $4.50M against $1.27M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 3.55x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $3.47M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 273.8%, excluding receivables and other current assets. Book equity represented 71.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 28.2% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 77.1%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 54.1% from $9.82M in fiscal 2025, leaving current total assets lower year over year. Reported equity changed 37.3% from $5.16M in fiscal 2025, placing the current capital base lower year over year. Cash and equivalents were 898.0% higher than fiscal 2025 cash of $348.07K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $536.18K of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow moved from a $1.05M outflow in fiscal 2025 to a $536.18K inflow.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 26, 2026.