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    Financial - Credit Services
Findev Inc.

Findev Inc.

FDI.V
Findev Inc.CA flagToronto Stock Exchange Ventures
0.26
CAD
-0.02
- -
7.45MMarket Cap
Findev Inc.
FDI.V
(Toronto Stock Exchange Ventures)

Recent

price

0.26

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.89
3.51
4.89
1.37
0.88
0.58
- -
0.05
0.06
0.07
0.08
0.09
0.11
0.12
0.13
0.08
0.17
Revenue per Share
-2.84
-4.37
-0.96
-1.37
-0.89
1.19
- -
0.05
0.05
0.06
0.07
0.19
0.05
0.07
0.09
-0.23
-0.22
Basic EPS, GAAP
-2.4
-3.24
-0.33
-0.62
-0.96
-1.09
- -
-0.05
0.02
0.04
0.02
0.03
0.03
0.03
0.03
0.03
0.04
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
Dividend per Share
3.36
1.28
0.8
1.27
-0.24
0.53
0.53
0.56
0.58
0.61
0.64
0.8
0.83
0.87
0.93
0.66
0.62
Book Value per Share
3.36
-1.33
-0.68
0.62
-0.5
0.53
0.53
0.56
0.58
0.61
0.64
0.8
0.83
0.87
0.93
0.66
0.62
Tangible Book Value per Share
2
2
2
3
3
3
- -
29
29
29
29
29
29
29
29
29
29
Basic Weighted Avg Shares
5
6
10
4
3
2
- -
2
2
2
2
3
3
3
4
2
5
Sales/Revenue/Turnover
-94.19
-122.22
-23.26
-132.55
-193.97
-199.65
- -
57.64
85.51
86.84
87.81
90.27
90.78
91.06
86.64
-279.4
-106.51
Operating Margin (%)
- -
1
1
2
2
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-5
-8
-2
-4
-3
4
- -
1
2
2
2
5
2
2
3
-7
-6
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
32.79
32.84
22.47
- -
15.91
Effective Tax Rate (%)
-98.14
-124.49
-19.65
-100.42
-101.4
206.05
- -
90.52
85.46
83.65
86.78
202.87
49.5
58.36
67.17
-310.26
-126.04
Profit Margin (%)
5
-1
- -
3
-2
2
15
16
17
17
18
23
24
25
27
10
10
Working Capital
- -
- -
2
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
6
2
2
4
-1
2
15
16
17
17
18
23
24
25
27
19
18
Total Equity
- -
- -
- -
- -
- -
- -
- -
5.76
9.25
10.21
10.9
- -
7.96
8.64
10.06
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
9.04
9.25
9.85
10.78
- -
6.46
8.24
10.12
- -
-32.11
Return on Capital (%)
-61.63
-191.94
-92.91
-121.37
- -
- -
- -
9.04
9.25
9.84
10.77
26.05
6.46
8.24
10.12
-29.32
-29.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
12
11
11

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11
11
11
Cash, Cash Equivalents & STI
11
11
11
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
- -
1
Payables & Accruals
1
- -
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
79.38%
2.17%
-28.4%
Free Cash Flow
- -
6.57%
6.12%
Net Income, GAAP
- -
-37.41%
-357.08%
Sales/Revenue/Turnover
- -
3%
-44.34%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
1
1
1
4
2025
1
1
- -
3
2
2026
1
1
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
- -
0.09
2025
-0.05
-0.03
0.01
- -
-0.23
2026
0.01
-0.03
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
- -
0.03
2025
0.01
0.01
0.01
- -
0.03
2026
- -
0.02
- -
- -
- -
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Business
Findev Inc. operates as a Canadian non-bank real estate financing company that provides bridge capital, subordinated debt, equity financing, merchant-banking and advisory services for residential and retail property development and redevelopment projects. The Company originates and manages financing secured by investment properties and real estate developments, with primary emphasis on projects in the Greater Toronto Area, Ontario, including condominium developments; purpose-built rental properties; townhouses; low-rise and subdivision projects; and retail developments. Findev structures capital solutions for developers facing equity shortfalls, development-execution constraints or construction-financing gaps, and works with construction lenders and other financial institutions to provide subordinated participation, capital infusions and project-execution support for incomplete, underperforming or at-risk projects. Its underwriting approach considers the projected completed value of the underlying asset and may include high loan-to-value financing, loans subordinated to construction facilities or first mortgages, and financing without personal guarantees. Findev serves developers, construction lenders and real estate investors seeking access to development-oriented lending opportunities generally targeted to produce above-average returns over a two- to three-year period. The Company is headquartered in Toronto, Ontario, Canada, and its common shares trade on the TSX Venture Exchange under the symbol FDI. Findev is aligned with Plazacorp Investments Limited, a Toronto real estate developer and significant shareholder, which supports the Company’s development expertise and project-oversight capabilities. Recent developments include the Company’s 2026 corrective disclosure related to its audited financial statements and management’s discussion and analysis for the year ended December 31, 2025, following an Ontario Securities Commission continuous-disclosure review; the reporting of second-quarter and six-month 2026 financial results; and the continuation of its quarterly cash-dividend program, with dividends announced during 2026.