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DEFSEC Technologies Inc.

DFSC Clue Score44
British Columbia, Canada Fiscal year ends September CIK 0001889823
$0.85 -6.08% Close, 12 Oct 2026
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Price $0.85 −80.41% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 27 Jun 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue0.5Operating income−1.0Net income−1.1EPS, diluted−4.61Fiscal year 2020Fiscal year 2021Revenue1.3Operating income−9.2Net income−9.3EPS, diluted−14.72Fiscal year 2022Revenue0.7 −43.4%Operating income−10.1Net income−10.5EPS, diluted−144.05Fiscal year 2023Revenue1.2 +71.1%Operating income−12.1Net income−9.3EPS, diluted−22.80Fiscal year 2024Revenue1.5 +21.9%Operating income−9.8Net income−7.4EPS, diluted−8.99
FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 0.5 n/a 1.3 0.7 1.2 1.5
Growth −43.4% +71.1% +21.9%
Operating income −1.0 n/a −9.2 −10.1 −12.1 −9.8
Net income −1.1 n/a −9.3 −10.5 −9.3 −7.4
Growth
EPS, diluted −4.61 n/a −14.72 −144.05 −22.80 −8.99

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin83.3%Operating margin−199.2%Net margin−225.3%Free cash flow margin−218.7%Fiscal year 2020Fiscal year 2021Gross margin37.4%Operating margin−721.3%Net margin−730.2%Free cash flow margin−553.8%Fiscal year 2022Gross margin25.6%Operating margin−1,398.6%Net margin−1,458.1%Free cash flow margin−615.9%Fiscal year 2023Gross margin−15.5%Operating margin−980.6%Net margin−753.9%Free cash flow margin−1,154.8%Fiscal year 2024Gross margin32.3%Operating margin−651.4%Net margin−494.4%Free cash flow margin−609.0%
FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 83.3% n/a 37.4% 25.6% −15.5% 32.3%
Operating margin −199.2% n/a −721.3% −1,398.6% −980.6% −651.4%
Net margin −225.3% n/a −730.2% −1,458.1% −753.9% −494.4%
Free cash flow margin −218.7% n/a −553.8% −615.9% −1,154.8% −609.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−1.1Capital expenditure−0.0Free cash flow−1.1Fiscal year 2020Fiscal year 2021Operating cash flow−6.3Capital expenditure−0.8Free cash flow−7.1Fiscal year 2022Operating cash flow−4.3Capital expenditure−0.2Free cash flow−4.4Fiscal year 2023Operating cash flow−14.1Capital expenditure−0.2Free cash flow−14.3Fiscal year 2024Operating cash flow−9.1Capital expenditure−0.1Free cash flow−9.2
FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow −1.1 n/a −6.3 −4.3 −14.1 −9.1
Capital expenditure −0.0 n/a −0.8 −0.2 −0.2 −0.1
Free cash flow −1.1 n/a −7.1 −4.4 −14.3 −9.2
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2019Total debt0.2Shareholders’ equity−0.2Fiscal year 2020Total debt0.0Shareholders’ equity3.9Debt to equity0.01Fiscal year 2021Cash and securities2.7Total debt0.1Net cash (debt)2.6Shareholders’ equity6.1Debt to equity0.01Fiscal year 2022Cash and securities0.2Total debt2.3Net cash (debt)−2.1Shareholders’ equity−1.0Fiscal year 2023Cash and securities5.4Total debt0.0Net cash (debt)5.4Shareholders’ equity3.9Debt to equity0.00Fiscal year 2024Cash and securities0.3Shareholders’ equity1.4
FY2019FY2020FY2021FY2022FY2023FY2024
Cash and securities n/a n/a 2.7 0.2 5.4 0.3
Total debt 0.2 0.0 0.1 2.3 0.0 n/a
Net cash (debt) n/a n/a 2.6 −2.1 5.4 n/a
Shareholders’ equity −0.2 3.9 6.1 −1.0 3.9 1.4
Debt to equity n/a 0.01 0.01 n/a 0.00 n/a

In millions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Balance sheet

In millions of CAD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024† 30 Sep 2024
Assets
n/a n/a 2.7 0.2 5.4 0.3
0.2 0.5 0.7 0.2 0.3 0.6
n/a n/a 0.1 0.4 0.5 0.5
0.1 0.2 0.9 0.8 0.4 0.3
0.7 5.3 8.7 7.3 11.8 5.6
Growth +658.9% +64.1% −16.0% +60.6% −52.2%
Liabilities
0.0 0.0 0.0 2.2 0.0 n/a
0.2 0.0 0.1 0.1 0.0 n/a
calc 0.2 0.0 0.1 2.3 0.0 n/a
0.9 1.4 2.6 8.3 7.8 4.2
Equity
−2.5 −6.1 −15.4 −25.9 −35.2 −42.7
−0.2 3.9 6.1 −1.0 3.9 1.4
Growth +57.6% −116.4% −65.2%
Per share and net cash
calc n/a n/a 2.6 −2.1 5.4 n/a
n/a n/a n/a 4.1 5.6 1.6
calc n/a n/a n/a −0.25 0.70 0.87

† The number of shares outstanding jumps at 2024, so per-share figures either side of that column are not comparable. Usually a split. This count is a different filed figure from the diluted average on the income statement, so it can break in a different year.

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CAD as filed; the screener converts to dollars.