Defiance Daily Target 2x (SMST) Q1 2026 Earnings Report

SMST posted a robust Q1 2026 with notable top-line growth and positive profitability, underscoring continued demand for inverse leveraged exposure within a volatile macro environment. Revenue reached $78.31 million, up 37.28% year-over-year and 19.65% quarter-over-quarter, while EBITDA contributed $16.23 million and the operating income stood at $16.23 million, yielding EBITDA and operating income margins of approximately 20.7%. Net income totaled $9.58 million with an EPS of $0.17, reflecting a meaningful improvement from prior periods.