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 $-3.12M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $17.98K, free cash flow was $-3.14M.

Free cash flow margin was -240.3% of revenue. Cash conversion ratio was 1.5x, indicating earnings are backed by 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 1.5x confirms earnings are backed by real cash flow

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	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025
Operating Cash Flow	$-7.84M	$-3.12M	$-1.37M	$-1.73M	$-1.61M
Capital Expenditure	$-133.38K	$-17.98K	$-20.45K	$-88.14K	$-6.82K
Free Cash Flow	$-7.97M	$-3.14M	$-1.39M	$-1.82M	$-1.61M