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Side-by-side financial comparison of Defi Technologies, Inc. (DEFT) and FARMER BROTHERS CO (FARM). Click either name above to swap in a different company.

FARMER BROTHERS CO is the larger business by last-quarter revenue ($88.9M vs $51.3M, roughly 1.7× Defi Technologies, Inc.).

Defi Technologies Inc. is a specialized fintech enterprise focused on the decentralized finance (DeFi) and Web3 space. It provides institutional and retail clients access to digital asset investment opportunities, develops blockchain infrastructure solutions, and manages portfolios of DeFi-related assets and early-stage Web3 startup stakes, serving markets across North America, Europe, and Asia Pacific.

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

DEFT vs FARM — Head-to-Head

Bigger by revenue
FARM
FARM
1.7× larger
FARM
$88.9M
$51.3M
DEFT

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
DEFT
DEFT
FARM
FARM
Revenue
$51.3M
$88.9M
Net Profit
$-4.9M
Gross Margin
36.3%
Operating Margin
-3.1%
-4.7%
Net Margin
-5.5%
Revenue YoY
-1.2%
Net Profit YoY
-2417.1%
EPS (diluted)
$-0.01
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DEFT
DEFT
FARM
FARM
Q4 25
$51.3M
$88.9M
Q3 25
$21.8M
$81.6M
Q2 25
$85.1M
Q1 25
$82.1M
Q4 24
$90.0M
Q3 24
$85.1M
Q2 24
$84.4M
Q1 24
$85.4M
Net Profit
DEFT
DEFT
FARM
FARM
Q4 25
$-4.9M
Q3 25
$-4.0M
Q2 25
$-4.7M
Q1 25
$-5.0M
Q4 24
$210.0K
Q3 24
$-5.0M
Q2 24
$-4.6M
Q1 24
$-682.0K
Gross Margin
DEFT
DEFT
FARM
FARM
Q4 25
36.3%
Q3 25
39.7%
Q2 25
44.9%
Q1 25
42.1%
Q4 24
43.1%
Q3 24
43.9%
Q2 24
38.8%
Q1 24
40.1%
Operating Margin
DEFT
DEFT
FARM
FARM
Q4 25
-3.1%
-4.7%
Q3 25
-3.9%
Q2 25
4.6%
Q1 25
-4.3%
Q4 24
1.1%
Q3 24
-3.3%
Q2 24
-4.9%
Q1 24
-0.5%
Net Margin
DEFT
DEFT
FARM
FARM
Q4 25
-5.5%
Q3 25
-4.9%
Q2 25
-5.6%
Q1 25
-6.1%
Q4 24
0.2%
Q3 24
-5.9%
Q2 24
-5.4%
Q1 24
-0.8%
EPS (diluted)
DEFT
DEFT
FARM
FARM
Q4 25
$-0.01
$-0.22
Q3 25
$0.08
$-0.19
Q2 25
$-0.22
Q1 25
$-0.23
Q4 24
$0.01
Q3 24
$-0.24
Q2 24
$-0.23
Q1 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DEFT
DEFT
FARM
FARM
Cash + ST InvestmentsLiquidity on hand
$4.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.7M
Total Assets
$151.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DEFT
DEFT
FARM
FARM
Q4 25
$4.2M
Q3 25
$3.8M
Q2 25
$6.8M
Q1 25
$4.1M
Q4 24
$5.5M
Q3 24
$3.3M
Q2 24
$5.8M
Q1 24
$5.5M
Stockholders' Equity
DEFT
DEFT
FARM
FARM
Q4 25
$35.7M
Q3 25
$40.0M
Q2 25
$43.5M
Q1 25
$37.3M
Q4 24
$41.5M
Q3 24
$40.9M
Q2 24
$45.5M
Q1 24
$43.1M
Total Assets
DEFT
DEFT
FARM
FARM
Q4 25
$151.4M
Q3 25
$158.8M
Q2 25
$161.2M
Q1 25
$163.2M
Q4 24
$179.1M
Q3 24
$182.0M
Q2 24
$185.2M
Q1 24
$179.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DEFT
DEFT
FARM
FARM
Operating Cash FlowLast quarter
$-17.9M
$-786.0K
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DEFT
DEFT
FARM
FARM
Q4 25
$-17.9M
$-786.0K
Q3 25
$-27.1M
$-5.0M
Q2 25
$9.7M
Q1 25
$1.3M
Q4 24
$2.6M
Q3 24
$2.5M
Q2 24
$-995.0K
Q1 24
$-2.3M
Free Cash Flow
DEFT
DEFT
FARM
FARM
Q4 25
$-2.6M
Q3 25
$-6.9M
Q2 25
Q1 25
$-684.0K
Q4 24
$521.0K
Q3 24
$-837.0K
Q2 24
Q1 24
$-5.7M
FCF Margin
DEFT
DEFT
FARM
FARM
Q4 25
-2.9%
Q3 25
-8.5%
Q2 25
Q1 25
-0.8%
Q4 24
0.6%
Q3 24
-1.0%
Q2 24
Q1 24
-6.7%
Capex Intensity
DEFT
DEFT
FARM
FARM
Q4 25
2.1%
Q3 25
2.4%
Q2 25
Q1 25
2.4%
Q4 24
2.3%
Q3 24
3.9%
Q2 24
Q1 24
4.0%
Cash Conversion
DEFT
DEFT
FARM
FARM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
12.16×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DEFT
DEFT

Revenues from realized and net change in unrealized gains (losses)$29.3M57%
Staking and lending income$16.8M33%
Management fees$4.4M9%
Research revenue$813.8K2%

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

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