DEFG (Grayscale Decentralized Finance (DeFi) Fund LLC) EBIT: $-0.09 Mil (TTM As of Mar. 2026)


DEFG Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
36 GF Score
Price $7.49
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What is Grayscale Decentralized Finance (DeFi) Fund LLC EBIT?

Grayscale Decentralized Finance (DeFi) Fund LLC DEFG 36 EBIT is $-0.09 Mil as of Mar. 2026. GuruFocus rates DEFG with a GF Score™ of 36/100.

Grayscale Decentralized Finance (DeFi) Fund LLC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-0.90 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC % for the quarter that ended in Mar. 2026 was -114.03%. Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grayscale Decentralized Finance (DeFi) Fund LLC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.92%.

Grayscale Decentralized Finance (DeFi) Fund LLC  (OTCPK:DEFG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-3.6 * ( 1 - 0% )/( (4.615 + 1.699)/ 2 )
=-3.6/3.157
=-114.03 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4.615 - 0 - ( 0 - max(0, 0 - 0+0))
=4.615

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1.699 - 0 - ( 0 - max(0, 0 - 0+0))
=1.699

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.6/( ( (0 + max(0, 0)) + (0 + max(0, 0)) )/ 2 )
=-3.6/( ( 0 + 0 )/ 2 )
=-3.6/0
= %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Grayscale Decentralized Finance (DeFi) Fund LLC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-0.088/1.790
=-4.92 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Related Terms

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Historical Data

* Premium members only.

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EBIT
-0.50 -3.23 -1.80 -0.23

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.05 -3.16 1.13 -0.32 -0.90

DEFG vs SVVC, LGCP, BNBX: EBIT Comparison

For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT falls into.


DEFG
36GF Score
Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Grayscale Decentralized Finance (DeFi) Fund LLC EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.09 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-0.09 Mil mean?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a EBIT of $-0.09 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC.
Is Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT too high?
Grayscale Decentralized Finance (DeFi) Fund LLC's current EBIT is $-0.09 Mil. Overall, Grayscale Decentralized Finance (DeFi) Fund LLC has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT compare to SVVC and LGCP?
Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT of $-0.09 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC. Grayscale Decentralized Finance (DeFi) Fund LLC's current EBIT is $-0.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Decentralized Finance (DeFi) Fund LLC stock overvalued right now?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a current EBIT of $-0.09 Mil. The current EBIT is $-0.09 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG), the current EBIT is $-0.09 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Grayscale Decentralized Finance (DeFi) Fund LLC Business Description

Address 290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902
Grayscale Decentralized Finance (DeFi) Fund LLC is an investment vehicle that invests in and derives value from a basket of decentralized finance applications in the form of a security while avoiding the challenges of buying, storing, and safekeeping DeFi directly. Its investment objective is for the value of the Shares (based on NAV per Share) to reflect the value of the fund components as determined by reference to their respective digital asset reference rates and fund weightings, less the fund's expenses and other liabilities. The fund components consist of the digital assets that make up the DFX (CoinDesk DeFi Select Index) as rebalanced from time to time.
36GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.49
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