DFSC DEFSEC Technologies Inc. - common stock, no R/S concurrent with offering
NASDAQ · Aerospace & Defense · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Dec 29, 2025
$1.08
· of 52w range
· above low
· to high
$1.0552w low
$6.0052w high
P/E
-0.2
EPS
$-15.78
Revenue
$5M
your badges
52W Range
$1–$6
Analyst Rating
BUY
Price Target
·
P/E
-0.2
ROE
-210.0%
Net Profit Margin
-194.8%
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DFSC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.08
P/E
-0.2
EPS
$-15.78
Revenue
$5M
ROE
-210.0%
52W Range
$1–$6
DFSC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| April 23, 2025 | 1-for-21 | Reverse |
| Oct. 23, 2024 | 1-for-10 | Reverse |
| Oct. 28, 2022 | 1-for-70 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$5M2019-12-31 → 2025-09-30
EPS$-15.782019-12-31 → 2025-09-30
Free Cash Flow$-8M2022-09-30 → 2025-09-30
Net margin-194.8%2022-09-30 → 2025-09-30
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | DFSC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.25Y avg ≈-2.5 | ≈-2.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | DFSC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 35.2%5Y avg ≈19.4% | ≈19.4% | · | · | |
| Operating Margin | -183.7%5Y avg ≈-803.6% | ≈-803.6% | · | · | |
| EBITDA Margin | -162.0%5Y avg ≈-746.3% | ≈-746.3% | · | · | |
| Pretax Margin | -194.8%5Y avg ≈-727.0% | ≈-727.0% | · | · | |
| Net Profit Margin | -194.8%5Y avg ≈-725.3% | ≈-725.3% | · | · | |
| ROA | -103.9%5Y avg ≈-104.5% | ≈-104.5% | · | · | |
| ROE | -210.0%5Y avg ≈-384.0% | ≈-384.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | DFSC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 3.15Y avg ≈1.2 | ≈1.2 | · | · | |
| Quick Ratio | 2.85Y avg ≈1.0 | ≈1.0 | · | · | |
| Interest Coverage | -35.65Y avg ≈-27.7 | ≈-27.7 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | DFSC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.55Y avg ≈0.2 | ≈0.2 | · | · | |
| Inventory Turnover | 6.15Y avg ≈3.3 | ≈3.3 | · | · | |
| Receivables Turnover | 4.85Y avg ≈3.8 | ≈3.8 | · | · | |
| Revenue / Employee | ≈$114.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
27.5%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| March 31, 2024 | $-0.61 | $-0.53 | -16.8% | |
| Dec. 31, 2023 | $-0.70 | $-6.26 | 88.8% | |
| Sept. 30, 2023 | $-3.90 | $-7.27 | 46.4% | |
| June 30, 2023 | $-8.10 | $-7.47 | -8.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $5M | $2M | $1M | $721.5K | $1M | |
| Cost of Revenue | $3M | $1M | $1M | $536.7K | $798.9K | |
| Gross Profit | $2M | $486.5K | $-191.4K | $184.8K | $476.9K | |
| R&D Expense | $2M | $2M | $2M | $2M | $2M | |
| SG&A Expense | $5M | $5M | $6M | $3M | $3M | |
| Operating Income | $-9M | $-10M | $-12M | $-10M | $-9M | |
| Interest Expense | $254.7K | $252.0K | $723.5K | $512.0K | $116.1K | |
| Interest Income | $81.8K | $55.7K | $55.5K | $6.0K | $4.8K | |
| Pretax Income | $-10M | $-7M | $-9M | $-11M | $-9M | |
| Income Tax | · | $0 | $0 | $-49.4K | $0 | |
| Net Income | $-10M | $-7M | $-9M | $-11M | $-9M | |
| EPS (Basic) | $-15.78 | $-188.86 | $-478.85 | $-144.05 | $-14.72 | |
| EPS (Diluted) | $-15.78 | $-188.86 | $-478.85 | $-144.05 | $-14.72 | |
| Shares (Basic) | 610,169 | 39,382 | 19,435 | 73,030 | 632,721 | |
| Shares (Diluted) | 610,169 | 39,382 | 19,435 | 73,030 | 632,721 | |
| EBITDA | $-8M | $-9M | $-11M | $-10M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7M | $256.8K | $5M | $170.5K | $3M | |
| Receivables | $1M | $567.9K | $300.3K | $171.9K | $699.3K | |
| Inventory | $519.6K | $533.2K | $542.4K | $393.5K | $90.3K | |
| Current Assets | $9M | $2M | $7M | $2M | $4M | |
| PP&E (Net) | $279.1K | $311.7K | $417.3K | $832.5K | $903.6K | |
| Intangibles | $2M | $3M | $4M | $5M | $3M | |
| Total Assets | $13M | $6M | $12M | $7M | $9M | |
| Accounts Payable | $2M | $2M | $2M | $4M | $1M | |
| Current Liabilities | $3M | $3M | $6M | $7M | $1M | |
| Total Liabilities | $5M | $4M | $8M | $8M | $3M | |
| Retained Earnings | $-52M | $-43M | $-35M | $-26M | $-15M | |
| Stockholders' Equity | $8M | $1M | $4M | $-1M | $6M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $952.5K | $326.5K | $141.0K | |
| Other Non-cash | $595.7K | $-3M | $-6M | $6M | · | |
| Operating Cash Flow | $-8M | $-9M | $-14M | $-4M | $-6M | |
| CapEx | $140.6K | $101.3K | $176.9K | $187.5K | $810.0K | |
| Investing Cash Flow | $-180.4K | $-111.2K | $-1M | $-1M | $-1M | |
| Financing Cash Flow | $15M | $4M | $21M | $3M | $7M | |
| Free Cash Flow | $-8M | $-9M | $-14M | $-4M | · | |
| Levered FCF | · | $-9M | $-15M | $-5M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 35.2% | 32.3% | -15.5% | 25.6% | · | |
| Operating Margin | -183.7% | -651.4% | -980.6% | -1398.6% | · | |
| Net Margin | -194.8% | -494.4% | -753.9% | -1458.1% | · | |
| Pretax Margin | -194.8% | -494.4% | -753.9% | -1464.9% | · | |
| EBITDA Margin | -162.0% | -566.5% | -903.4% | -1353.4% | · | |
| ROA | -103.9% | -85.6% | -97.5% | -131.2% | · | |
| ROE | -210.0% | -280.5% | -634.7% | -410.9% | · | |
| ROIC | · | -716.2% | -307.6% | 1001.5% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 3.1 | 0.6 | 1.1 | 0.2 | · | |
| Quick Ratio | 2.8 | 0.3 | 0.9 | 0.0 | · | |
| Interest Coverage | -35.6 | -38.9 | -16.7 | -19.7 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.2 | 0.1 | 0.1 | · | |
| Inventory Turnover | 6.1 | 1.9 | 3.0 | 2.2 | · | |
| Receivables Turnover | 4.8 | 3.5 | 5.2 | 1.7 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue / Share | $8.10 | $1.82 | $0.30 | $0.99 | · | |
| Cash Flow / Share | $-13.04 | $-10.95 | $-3.45 | $-5.83 | · | |
| EPS (TTM) | $-15.78 | $-188.86 | $-478.85 | $-144.05 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $5M | $2M | $1M | $721.5K | · | |
| Net Income TTM | $-10M | $-7M | $-9M | $-11M | · | |
| P/E | -0.2 | -0.2 | -0.7 | -9.0 | · | |
| Earnings Yield | -443.3% | -584.0% | -147.1% | -11.1% | · |
Per Share
| Metric | Trend | Q4 2024 |
|---|---|---|
| EPS (TTM) | $-188.86 |
Valuation (TTM)
| Metric | Trend | Q4 2024 |
|---|---|---|
| Revenue TTM | $2M | |
| Net Income TTM | $-7M | |
| P/E | -0.2 | |
| Earnings Yield | -584.0% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Revenue | $5M | $2M | $1M | $721.5K | $1M |
| Gross Margin % | 35.2% | 32.3% | -15.5% | 25.6% | · |
| Operating Margin % | -183.7% | -651.4% | -980.6% | -1398.6% | · |
| Net Income | $-10M | $-7M | $-9M | $-11M | $-9M |
| Diluted EPS | $-15.78 | $-188.86 | $-478.85 | $-144.05 | $-14.72 |
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Current Ratio | 3.1 | 0.6 | 1.1 | 0.2 | · |
| Quick Ratio | 2.8 | 0.3 | 0.9 | 0.0 | · |
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $-8M | $-9M | $-14M | $-4M | · |
Institutional owners (13F) 7 filers · $634K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
7
Value held
$634K
New positions
4
Exited positions
1
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 4 (+2 vs prior Q) | 1 (-1 vs prior Q) | 1 (0 vs prior Q) | 0 (0 vs prior Q) | +236K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| ARMISTICE CAPITAL, LLC | $551,540 | 218,000 | 86.97% | Shares |
| JANE STREET GROUP, LLC | $38,157 | 15,082 | 6.02% | Shares |
| UBS Group AG | $36,495 | 14,425 | 5.75% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $6,744 | 3,232 | 1.06% | Shares |
| HARBOUR INVESTMENTS, INC. | $759 | 300 | 0.12% | Shares |
| OSAIC HOLDINGS, INC. | $506 | 200 | 0.08% | Shares |
| Caitong International Asset Management Co., Ltd | $5 | 2 | 0.00% | Shares |
DFSC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 5 analysts
BUY
1 20.0%
Strong Buy
3 60.0%
Buy
1 20.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
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Source: SEC 20-F filed Dec 29, 2025