Defsec Technologies Inc. income statement

In fiscal 2025, Defsec Technologies Inc. reported revenue of $3.5m, up 219.7% on the year before, operating income of −$6.5m (a -183.7% margin) and net income of −$6.9m, or −$11.29 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Defsec Technologies Inc.: income statement, annual
Fiscal year	2020Dec 2019	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025
Revenue	384	1,010	565	916	1,106	3,536
Cost of revenue	64	633	420	1,057	748	2,292
Gross profit	320	378	145	−142	358	1,243
Research and development	756	1,693	1,617	1,134	1,730	1,694
Operating income	−764	−7,287	−7,902	−8,977	−7,203	−6,495
Interest expense	18	92	401	537	185	182
Income before tax	−865	−7,376	−8,276	−6,902	−5,467	−6,886
Income tax	0	0	−39	0	0	—
Net income	−865	−7,376	−8,238	−6,902	−5,467	−6,886
Diluted EPS	−$1.16	−$3.89	−$3.76	−$11.84	−$9.25	−$11.29
Diluted shares (average)	—	2m	2m	—	—	—
EBITDA	—	−7,175	−7,646	−8,271	−6,264	−5,727

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Defsec Technologies Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Defsec Technologies Inc.