DEFSEC Technologies Inc. DFSC NASDAQ

NASDAQ Global Market • Industrials • Aerospace & Defense • CA • USD

SharesGrow Score

37/100

1/5 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

DEFSEC Technologies Inc. (DFSC) generated $-7.96M in operating cash flow for fiscal year 2025. After capital expenditures of $167.3K, free cash flow was $-8.12M.

Free cash flow margin was -164.4% of revenue. Cash conversion ratio was 0.83x, suggesting some earnings are non-cash.

Criteria supported by this page:

HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
MOAT (36/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 0.83x suggests some earnings are non-cash items

Overall SharesGrow Score: 35/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

37/100

SG Score

View full scorecard →

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VALUE

N/A

No coverage

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FUTURE

N/A

No coverage

✗

PAST

0/100

→ Income

HEALTH

67/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

36/100

Proven by this page

✓

GROWTH

73/100

→ Income

✗

INCOME

10/100

→ Income

DEFSEC Technologies Inc. Cash Flow History

Metric	TTM	FY2025	FY2024	FY2023	FY2022
Operating Cash Flow	$-7.84M	$-7.96M	$-9.06M	$-14.08M	$-4.26M
Capital Expenditure	$-133.38K	$-167.3K	$-111.15K	$-1.3M	$-1.36M
Free Cash Flow	$-7.97M	$-8.12M	$-9.17M	$-15.38M	$-5.62M