DeFi Technologies Turns Profitable in Q1 as It Courts Central Bankers and Brings Back a Familiar Face

DeFi Technologies posts $4.9M profit on $11.2M revenue but stock falls 10%. Working capital turns positive, AUM tops $550M, and former CEO returns to overhaul strategy amid European expansion push.

The numbers say one thing, the market says another. DeFi Technologies reported a net profit of $4.9 million for the first quarter of 2026 on revenue of $11.2 million — a solidly profitable quarter in what the company’s management itself described as a challenging market. Yet the stock tumbled more than 10% on Friday to €0.62, extending a slide that has wiped out over 80% of the share price from its 52-week high of €3.46.

Behind the headline earnings lies a balance sheet that has strengthened considerably. Working capital swung from negative to positive, landing at $47.3 million, while total liquidity — including digital assets and equity holdings — stood at roughly $156 million as of March 31. Both of the company’s operating units contributed to the bottom line. Valour, the asset-management arm, generated $3.3 million from management fees, staking and lending on an average AUM of $533.6 million during the quarter. Stillman Digital, the institutional trading desk, chipped in $2.9 million in trading commissions.

With the quarterly report out of the way, management is turning its attention to Europe. On Monday and Tuesday, Andrew Forson is representing DeFi Technologies at the OMFIF Digital Money Summit in London, where he will discuss digital asset custody and investor protection with policymakers. The company is also deepening its partnership with OMFIF, home to the DVIO index — a weekly data source tracking capital flows across the 50 largest digital assets. The move positions DeFi Technologies’ product directly in front of central banks and asset managers.

To shore up investor confidence, the company is bringing back a familiar name. Russell Starr, the former CEO who oversaw DeFi Technologies’ Nasdaq listing, has returned as a strategic adviser. His immediate task: overhaul the capital markets strategy. The stock is trading well below its 200-day moving average of €1.11, and the high volatility is making it treacherous terrain for short-term traders.

There are signs that institutional appetite remains intact despite the market headwinds. In April, DeFi Technologies recorded net inflows of $14.6 million — the second-best monthly figure in the past twelve months. Total assets under management climbed above $550 million. That data point, drawn from the current quarter, suggests the pipeline of institutional interest has not dried up.

The European push continues on June 4, when the company hosts its “Capital Markets Series” at Canada House in London. The exclusive gathering is designed to court institutional investors and raise the company’s visibility in the region during the second half of the year. Whether that visibility translates into a share price recovery will likely hinge on the inflow and AUM numbers in the months ahead.