DFSC revenueFY2025C$4.94M
- FY YoY
- +228.6%
DFSC revenue was C$4.94M for fiscal 2025 (ended Sep 30, 2025), up 228.6% from fiscal 2024. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.
DEFSEC Technologies Inc. (DFSC) financials
For fiscal 2025 (ended Sep 30, 2025), DEFSEC Technologies Inc. reported C$4.94M of revenue and -C$9.63M of net income. Figures are in CAD, the currency of its SEC filings.
- Revenue, FY2025
- C$4.94M
- Revenue growth, YoY
- +228.6%
- Net income, FY2025
- -C$9.63M
- Net margin
- -194.8%
- Free cash flow, FY2025
- -C$8.10M
- EPS, diluted, FY2025
- -C$15.78
- Cash
- C$6.69M
FY2019FY2025
FY2019FY2025
FY2019FY2025
DFSC revenue and earnings growth
DFSC net incomeFY2025-C$9.63M
DFSC net income was -C$9.63M for fiscal 2025 (ended Sep 30, 2025), compared with -C$7.44M in fiscal 2024.
DFSC EPSFY2025-C$15.78
DFSC diluted EPS was -C$15.78 for fiscal 2025 (ended Sep 30, 2025).
DFSC free cash flowFY2025-C$8.10M
DFSC free cash flow was -C$8.10M for fiscal 2025 (ended Sep 30, 2025), compared with -C$9.16M in fiscal 2024.
Income statement
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | C$4.94M | C$1.50M | C$1.23M | C$721.5K | C$1.28M | C$509.1K |
| Cost of revenue | C$3.20M | C$1.02M | C$1.43M | C$536.7K | C$798.9K | C$85.1K |
| Gross profit | C$1.74M | C$486.5K | -C$191.4K | C$184.8K | C$476.9K | C$424.0K |
| Research and development | C$2.37M | C$2.35M | C$1.53M | C$2.06M | C$2.14M | C$1.00M |
| Selling, general and admin | C$5.23M | C$4.84M | C$6.17M | C$3.30M | C$3.48M | C$36.7K |
| Operating income | -C$9.08M | -C$9.80M | -C$12.10M | -C$10.09M | -C$9.20M | -C$1.01M |
| Interest expense | C$254.7K | C$252.0K | C$723.5K | C$512.0K | C$116.1K | - |
| Pre-tax income | -C$9.63M | -C$7.44M | -C$9.31M | -C$10.57M | -C$9.32M | -C$1.15M |
| Income tax | - | C$0 | C$0 | -C$49.4K | C$0 | C$0 |
| Net income | -C$9.63M | -C$7.44M | -C$9.31M | -C$10.52M | -C$9.32M | -C$1.15M |
| EPS, basic | -C$15.78 | -C$188.86 | -C$478.85 | -C$3025.05 | -C$3091.20 | -C$968.10 |
| EPS, diluted | -C$15.78 | -C$188.86 | -C$478.85 | -C$3025.05 | -C$3091.20 | -C$968.10 |
| Diluted shares | 610,169 | 39,382 | 19,435 | 3,477.619 | 3,012.957 | 1,185.719 |
Balance sheet
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and equivalents | C$6.69M | C$256.8K | C$5.41M | C$170.5K | C$2.69M | C$21.6K |
| Receivables | C$1.49M | C$567.9K | C$300.3K | C$171.9K | C$699.3K | C$219.8K |
| Inventory | C$519.6K | C$533.2K | C$542.4K | C$393.5K | C$90.3K | - |
| Current assets | C$8.95M | C$1.84M | C$6.84M | C$1.52M | C$4.06M | C$295.5K |
| Total assets | C$12.92M | C$5.62M | C$11.76M | C$7.32M | C$8.72M | C$700.1K |
| Current liabilities | C$2.92M | C$2.98M | C$6.38M | C$6.93M | C$1.16M | C$603.4K |
| Long-term debt | - | - | C$0 | C$78.8K | C$53.3K | C$210.8K |
| Total debt | - | C$0 | C$0 | C$78.8K | C$53.3K | C$210.8K |
| Total liabilities | C$5.12M | C$4.25M | C$7.82M | C$8.33M | C$2.59M | C$931.5K |
| Shareholders' equity | C$7.80M | C$1.37M | C$3.94M | -C$1.00M | C$6.12M | -C$231.4K |
Cash flow
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Operating cash flow | -C$7.96M | -C$9.06M | -C$14.08M | -C$4.26M | -C$6.26M | -C$1.09M |
| Capital expenditures | C$140.6K | C$101.3K | C$176.9K | C$187.5K | C$810.0K | C$20.2K |
| Free cash flow | -C$8.10M | -C$9.16M | -C$14.26M | -C$4.44M | -C$7.07M | -C$1.11M |
| Investing cash flow | -C$180.4K | -C$111.2K | -C$1.44M | -C$1.11M | -C$1.07M | -C$20.2K |
| Financing cash flow | C$14.60M | C$4.02M | C$20.76M | C$2.85M | C$6.94M | C$1.14M |
| Stock-based compensation | C$113.7K | C$291.8K | C$373.6K | C$1.96M | C$2.46M | C$0 |
| Depreciation and amortization | C$1.08M | C$1.28M | C$952.5K | C$326.5K | C$141.0K | C$102.1K |
Key ratios
| Line item | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | 228.6% | 21.9% | 71.1% | -43.4% | - | - |
| Gross margin | 35.2% | 32.3% | -15.5% | 25.6% | 37.4% | 83.3% |
| Operating margin | -183.7% | -651.4% | -980.6% | -1398.6% | -721.3% | -199.2% |
| Net margin | -194.8% | -494.4% | -753.9% | -1458.1% | -730.2% | -225.3% |
| Free cash flow margin | -163.8% | -609.0% | -1154.8% | -615.9% | -553.8% | -218.7% |
| Return on equity | -123.4% | -543.6% | -236.5% | - | -152.1% | - |
| Return on assets | -74.5% | -132.4% | -79.1% | -143.7% | -106.9% | -163.9% |
| Current ratio | 3.07 | 0.62 | 1.07 | 0.22 | 3.50 | 0.49 |
| Debt to equity | - | 0.00 | 0.00 | - | 0.01 | - |
Source: XBRL data DEFSEC Technologies Inc. files with the SEC, latest filing dated Dec 29, 2025 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Dec 30, 2024; 1-for-21, first reported Dec 29, 2025.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
DFSC peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| DFSC | C$4.94M | +228.6% | -C$9.63M | -194.8% | $2.6M |
| MSFT | $346.44B | +17.9% | $142.63B | 41.2% | $4.05T |
| PLTR | $7.29B | +87.1% | $3.67B | 50.3% | $407.69B |
| ORCL | $71.78B | +21.6% | $18.92B | 26.4% | $362.21B |
| SAP | €36.80B | +7.7% | €7.16B | 19.5% | $291.67B |
| CRWD | $5.40B | +24.3% | $58.46M | 1.1% | $234.05B |
| SHOP | $14.17B | +32.5% | $2.13B | 15.0% | $195.63B |
| CRM | $43.94B | +11.2% | $9.66B | 22.0% | $176.90B |
| NOW | $15.43B | +21.8% | $1.45B | 9.4% | $106.66B |
DFSC FAQ
9 questionsWhat is DFSC revenue?
DEFSEC Technologies Inc. (DFSC) reported C$4.94M of revenue for fiscal 2025 (ended Sep 30, 2025). That is up 228.6% from the year before.Is DFSC profitable?
No. DEFSEC Technologies Inc. reported a net loss of C$9.63M for fiscal 2025 (ended Sep 30, 2025).How much cash and debt does DFSC have?
DEFSEC Technologies Inc. reported C$6.69M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is DFSC revenue growing?
DEFSEC Technologies Inc.'s revenue changed +228.6% in fiscal 2025, to C$4.94M.What is DFSC gross margin?
DEFSEC Technologies Inc.'s gross profit was C$1.74M on C$4.94M of revenue for fiscal 2025 (ended Sep 30, 2025), a gross margin of 35.2%.What is DFSC free cash flow?
DEFSEC Technologies Inc. generated -C$8.10M of free cash flow for fiscal 2025 (ended Sep 30, 2025), which is operating cash flow of -C$7.96M less capital expenditures.What is DFSC earnings per share?
Diluted earnings per share were -C$15.78 for fiscal 2025 (ended Sep 30, 2025), from SEC filings, restated for any stock split those filings show.When did DFSC last report financial results?
The latest statements here come from DEFSEC Technologies Inc.'s 20-F filed on Dec 29, 2025, covering the period ended Sep 30, 2025.Where does this DFSC financial data come from?
Quantisnow builds these statements from the structured XBRL data DEFSEC Technologies Inc. files with the SEC. It is provided for information only and is not investment advice.