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Side-by-side financial comparison of Defi Technologies, Inc. (DEFT) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.

Defi Technologies, Inc. is the larger business by last-quarter revenue ($51.3M vs $26.9M, roughly 1.9× Hyperscale Data, 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.

Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.

DEFT vs GPUS — Head-to-Head

Bigger by revenue
DEFT
DEFT
1.9× larger
DEFT
$51.3M
$26.9M
GPUS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DEFT
DEFT
GPUS
GPUS
Revenue
$51.3M
$26.9M
Net Profit
$-30.1M
Gross Margin
14.5%
Operating Margin
-3.1%
-117.8%
Net Margin
-112.0%
Revenue YoY
38.4%
Net Profit YoY
-6670.3%
EPS (diluted)
$-0.01

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
GPUS
GPUS
Q4 25
$51.3M
$26.9M
Q3 25
$21.8M
$24.3M
Q2 25
$25.9M
Q1 25
$25.0M
Q4 24
$19.4M
Q3 24
$31.1M
Q2 24
$17.8M
Q1 24
$38.4M
Net Profit
DEFT
DEFT
GPUS
GPUS
Q4 25
$-30.1M
Q3 25
$-13.0M
Q2 25
$-19.1M
Q1 25
$-4.2M
Q4 24
$-445.0K
Q3 24
$-25.5M
Q2 24
$-33.9M
Q1 24
$3.7M
Gross Margin
DEFT
DEFT
GPUS
GPUS
Q4 25
14.5%
Q3 25
25.8%
Q2 25
23.7%
Q1 25
21.1%
Q4 24
6.5%
Q3 24
27.5%
Q2 24
-21.3%
Q1 24
47.4%
Operating Margin
DEFT
DEFT
GPUS
GPUS
Q4 25
-3.1%
-117.8%
Q3 25
-57.8%
Q2 25
-39.2%
Q1 25
-25.5%
Q4 24
-46.8%
Q3 24
-79.2%
Q2 24
-151.4%
Q1 24
9.5%
Net Margin
DEFT
DEFT
GPUS
GPUS
Q4 25
-112.0%
Q3 25
-53.5%
Q2 25
-73.7%
Q1 25
-16.8%
Q4 24
-2.3%
Q3 24
-82.3%
Q2 24
-190.7%
Q1 24
9.7%
EPS (diluted)
DEFT
DEFT
GPUS
GPUS
Q4 25
$-0.01
Q3 25
$0.08
$-0.39
Q2 25
$-2.66
Q1 25
Q4 24
$-8.78
Q3 24
$-24.82
Q2 24
$-37.81
Q1 24
$3.32

Balance Sheet & Financial Strength

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

Metric
DEFT
DEFT
GPUS
GPUS
Cash + ST InvestmentsLiquidity on hand
$13.1M
Total DebtLower is stronger
$83.1M
Stockholders' EquityBook value
$119.8M
Total Assets
$313.7M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DEFT
DEFT
GPUS
GPUS
Q4 25
$13.1M
Q3 25
$24.8M
Q2 25
$5.9M
Q1 25
$4.2M
Q4 24
$4.5M
Q3 24
$7.9M
Q2 24
$9.6M
Q1 24
$18.9M
Total Debt
DEFT
DEFT
GPUS
GPUS
Q4 25
$83.1M
Q3 25
$80.0M
Q2 25
$88.5M
Q1 25
$92.8M
Q4 24
$96.7M
Q3 24
$104.8M
Q2 24
$106.8M
Q1 24
$30.0M
Stockholders' Equity
DEFT
DEFT
GPUS
GPUS
Q4 25
$119.8M
Q3 25
$55.9M
Q2 25
$5.5M
Q1 25
$6.3M
Q4 24
$8.6M
Q3 24
$2.7M
Q2 24
$26.7M
Q1 24
$59.0M
Total Assets
DEFT
DEFT
GPUS
GPUS
Q4 25
$313.7M
Q3 25
$242.4M
Q2 25
$213.5M
Q1 25
$218.5M
Q4 24
$220.8M
Q3 24
$231.5M
Q2 24
$270.8M
Q1 24
$299.8M
Debt / Equity
DEFT
DEFT
GPUS
GPUS
Q4 25
0.69×
Q3 25
1.43×
Q2 25
16.06×
Q1 25
14.71×
Q4 24
11.19×
Q3 24
38.41×
Q2 24
4.00×
Q1 24
0.51×

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
GPUS
GPUS
Operating Cash FlowLast quarter
$-17.9M
$-37.7M
Free Cash FlowOCF − Capex
$-56.2M
FCF MarginFCF / Revenue
-208.7%
Capex IntensityCapex / Revenue
68.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-87.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DEFT
DEFT
GPUS
GPUS
Q4 25
$-17.9M
$-37.7M
Q3 25
$-27.1M
$-17.8M
Q2 25
$-3.1M
Q1 25
$-4.0M
Q4 24
$-9.2M
Q3 24
$3.7M
Q2 24
$-3.7M
Q1 24
$-10.2M
Free Cash Flow
DEFT
DEFT
GPUS
GPUS
Q4 25
$-56.2M
Q3 25
$-20.6M
Q2 25
$-3.5M
Q1 25
$-6.8M
Q4 24
$-9.3M
Q3 24
$2.6M
Q2 24
$-5.9M
Q1 24
$-11.6M
FCF Margin
DEFT
DEFT
GPUS
GPUS
Q4 25
-208.7%
Q3 25
-84.5%
Q2 25
-13.5%
Q1 25
-27.3%
Q4 24
-47.6%
Q3 24
8.4%
Q2 24
-33.4%
Q1 24
-30.3%
Capex Intensity
DEFT
DEFT
GPUS
GPUS
Q4 25
68.6%
Q3 25
11.5%
Q2 25
1.5%
Q1 25
11.5%
Q4 24
0.3%
Q3 24
3.6%
Q2 24
12.6%
Q1 24
3.7%
Cash Conversion
DEFT
DEFT
GPUS
GPUS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.75×

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%

GPUS
GPUS

Transferred Over Time$10.4M39%
Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities$5.8M21%
Hotel And Real Estate Operations$4.8M18%
Other$4.0M15%
Turn On Green$2.0M7%

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