DeFi Technologies posts $18.3M in Q3 revenue, down from a year earlier

DeFi Technologies (DEFT) posted $18.3 million in third-quarter revenue, down from $22.3 million a year earlier, while operating income fell to $7 million, The Block reported. Net income came to $22.3 million, including mark-to-market and trading gains or losses related to investments in addition to operating performance from its core business. Its subsidiary Valour generated $3.8 million from management fees and staking and lending revenue. Net inflows during the quarter totaled $26.1 million, and average assets under management (AUM) reached $492.8 million.