Defi Technologies, Inc. (DEFT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hey, everyone. Thanks for joining. Let's give a few moments for the rest of the folks to filter in. We'll wait until 9.01 to get started. But in the meantime, I'll go ahead and remind everyone that this call is being recorded and there will be some forward-looking statements. And then, you know, this is not investment advice. We'll start the call with an overview of our Q3 financials from Paul Pozzocchi. We'll then move on to a statement from our current CEO, Olivia Rusu-Newton, followed by a follow-up from Johan Wattenstrom, our incoming CEO, and then some growth initiatives that are currently in progress and updates from our president, Andrew Forsen. So let's give everybody about another 30 seconds, and then I'll hand it over to Paul. Well, the Q&A is also open to folks. So after the presentation and after comments, we'll go through Q&A from retail and then open it up to and bring on our analysts to ask questions and then wrap up the call. So joining us today, as you can see on the screen, my name is Curtis Schloffman, VP of Marketing and Comms. We have our current CEO, Olivia Rusu-Newton, incoming CEO, Johan Rottenstrom, CFO, Paul Bozocchi, and President Andrew Forsen. With that, I'll hand it on over to Paul to give an overview of the quarterly financials. Thank you, Curtis. Good afternoon, everybody. Starting with an overview of our AUM, DeFi closed September 30th with AUM of US $989.1 million. Q3 average AUM increased to $950.7 million from $760.2 million in Q2 and $789 million in Q1 due to crypto price movements and positive cash flows into our ETP products. Q3 saw $38.8 million cash flow into our ETP products, bringing our year-to-date positive cash flows to $116.2 million. Moving on to revenues. Our Q3 revenue was $22.5 revenues for the nine months ended Sept...