DeFi Development Corp. (DFDV) 10-Year Financial Performance & Capital Metrics

DFDV • • Industrial / General

TechnologyInfrastructure SoftwareDigital Asset & Blockchain InfrastructureBlockchain Infrastructure & Mining

AboutDeFi Development Corp. is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-added services to multifamily and commercial property professionals. The company has adopted a crypto-forward treasury model, allocating its principal treasury holdings to Solana (SOL), aiming to provide investors with economic exposure to the Solana ecosystem.Show more

Revenue $2M +4.8%
EBITDA -$3M +18.3%
Net Income -$3M +19.2%
EPS (Diluted) -0.28 +38.8%
Gross Margin 98.48% -1.5%
EBITDA Margin -132.38% +22.1%
Operating Margin -143.05% +15.8%
Net Margin -129.87% +22.9%
ROE -58.53% +45.0%
ROIC -249.54% +77.3%
Debt/Equity 0.00 -65.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Shares diluted 32.1% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 20.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y1.95%

TTM313.35%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM2153.7%

EPS CAGR

10Y-

5Y-

3Y-

TTM703.67%

ROCE

10Y Avg-60.92%

5Y Avg-60.92%

3Y Avg-91.68%

Latest-61.35%

Peer Comparison

Blockchain Infrastructure & Mining

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EXODExodus Movement, Inc.	162.13M	16.32	4.63	108.89%	78.71%	36.66%
SOSSOS Limited	15.34M	1.76	-0.39	150.42%	-7.02%	-5.6%
CORZCore Scientific, Inc.	5.61B	18.08	-3.52	1.65%	-229.91%
DGXXDigi Power X Inc.	196.59M	3.01	-13.68	41.7%	-39.25%	-27.71%	0.01
DFDVDeFi Development Corp.	218.82M	7.32	-26.23	4.82%	9.33%	28.79%	0.00
OWLSOBOOK HOLDINGS INC.	248.05M	6.55	-46.79	18.29%	-135.67%

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.56M	1.98M	2.15M	2M	2.1M
Revenue Growth %	-	0.27%	0.09%	-0.07%	0.05%
Cost of Goods Sold+	0	0	0	0	31.9K
COGS % of Revenue	-	-	-	-	0.02%
Gross Profit+	1.56M	1.98M	2.15M	2M	2.07M
Gross Margin %	1%	1%	1%	1%	0.98%
Gross Profit Growth %	-	0.27%	0.09%	-0.07%	0.03%
Operating Expenses+	1.17M	3.04M	3.87M	5.41M	5.07M
OpEx % of Revenue	0.75%	1.53%	1.8%	2.7%	2.42%
Selling, General & Admin	1.06M	3M	3.44M	4.62M	4.11M
SG&A % of Revenue	0.68%	1.51%	1.6%	2.3%	1.96%
Research & Development	111.15K	38.42K	426.83K	792.13K	654.8K
R&D % of Revenue	0.07%	0.02%	0.2%	0.4%	0.31%
Other Operating Expenses	0	13.76K	15.26K	0	307.2K
Operating Income+	393.39K	-1.06M	-1.72M	-3.4M	-3M
Operating Margin %	0.25%	-0.53%	-0.8%	-1.7%	-1.43%
Operating Income Growth %	-	-3.68%	-0.63%	-0.98%	0.12%
EBITDA+	412.82K	-1.62M	-1.7M	-3.4M	-2.78M
EBITDA Margin %	0.26%	-0.82%	-0.79%	-1.7%	-1.32%
EBITDA Growth %	-	-4.92%	-0.05%	-1.01%	0.18%
D&A (Non-Cash Add-back)	19.43K	0	24.49K	912	223.98K
EBIT	412.82K	-1.62M	-1.26M	-3.37M	-2.92M
Net Interest Income+	-93.19K	1.7K	9.24K	140.72K	156.02K
Interest Income	602	1.86K	9.24K	140.72K	156.02K
Interest Expense	93.79K	160	0	0	0
Other Income/Expense	-74.36K	-561.91K	449.48K	31.1K	276.7K
Pretax Income+	319.02K	-1.62M	-1.27M	-3.37M	-2.73M
Pretax Margin %	0.2%	-0.82%	-0.59%	-1.68%	-1.3%
Income Tax+	0	0	-9.24K	0	0
Effective Tax Rate %	1%	1%	0.99%	1%	1%
Net Income+	319.02K	-1.62M	-1.26M	-3.37M	-2.73M
Net Margin %	0.2%	-0.82%	-0.59%	-1.68%	-1.3%
Net Income Growth %	-	-6.07%	0.22%	-1.67%	0.19%
Net Income (Continuing)	319.02K	-1.62M	-1.26M	-3.37M	-2.73M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	0.04	-0.18	-0.14	-0.46	-0.28
EPS Growth %	-	-6.07%	0.22%	-2.16%	0.39%
EPS (Basic)	0.04	-0.18	-0.14	-0.46	-0.28
Diluted Shares Outstanding	8.74M	8.74M	8.74M	7.4M	9.77M
Basic Shares Outstanding	8.74M	8.74M	8.74M	7.4M	9.77M
Dividend Payout Ratio	1.66%	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	721.7K	1.84M	1.03M	5.29M	3.27M
Cash & Short-Term Investments	415.71K	1.71M	981.13K	5.08M	2.86M
Cash Only	415.71K	1.71M	981.13K	5.08M	2.52M
Short-Term Investments	0	0	0	0	339.88K
Accounts Receivable	300.1K	130.45K	38.29K	86.14K	195.4K
Days Sales Outstanding	70.16	24.03	6.5	15.7	33.97
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	0	0	0	0	113.53K
Total Non-Current Assets+	18.5K	18.57K	309.94K	1.39M	1.1M
Property, Plant & Equipment	0	0	109.66K	90.92K	53.75K
Fixed Asset Turnover	-	-	19.61x	22.03x	39.06x
Goodwill	0	0	0	606.67K	606.67K
Intangible Assets	16.18K	16.18K	16.18K	675.96K	378.41K
Long-Term Investments	0	0	0	0	0
Other Non-Current Assets	2.32K	2.39K	184.1K	18.11K	61.98K
Total Assets+	740.2K	1.86M	1.34M	6.68M	4.38M
Asset Turnover	2.11x	1.07x	1.61x	0.30x	0.48x
Asset Growth %	-	1.51%	-0.28%	4%	-0.35%
Total Current Liabilities+	29.32K	82.68K	204.9K	675.1K	592.89K
Accounts Payable	29.32K	82.68K	159.38K	539.14K	339.64K
Days Payables Outstanding	-	-	-	-	3.89K
Short-Term Debt	0	0	0	0	13.93K
Deferred Revenue (Current)	0	0	-159.38K	83.23K	239.32K
Other Current Liabilities	0	0	0	0	0
Current Ratio	24.62x	22.26x	5.01x	7.84x	5.52x
Quick Ratio	24.62x	22.26x	5.01x	7.84x	5.52x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	845K	1.36M	606.64K	192.75K	280.96K
Long-Term Debt	0	0	0	0	0
Capital Lease Obligations	0	0	67.06K	13.93K	0
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	845K	1.36M	539.58K	178.82K	178.82K
Total Liabilities	874.31K	1.44M	811.53K	867.85K	873.84K
Total Debt+	0	0	112.57K	66.66K	13.93K
Net Debt	-415.71K	-1.71M	-868.55K	-5.01M	-2.5M
Debt / Equity	-	-	0.21x	0.01x	0.00x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-1.01x	-	-	-	-
Interest Coverage	4.19x	-6597.62x	-	-	-
Total Equity+	-134.11K	419.31K	525.38K	5.82M	3.5M
Equity Growth %	-	4.13%	0.25%	10.07%	-0.4%
Book Value per Share	-0.02	0.05	0.06	0.79	0.36
Total Shareholders' Equity	-134.11K	419.31K	525.38K	5.82M	3.5M
Common Stock	0	68	71	110	14
Retained Earnings	-134.11K	-2.01M	-3.27M	-6.64M	-9.37M
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	362.81K	65.84K	-1.02M	-1.57M	-2.42M
Operating CF Margin %	0.23%	0.03%	-0.48%	-0.78%	-1.15%
Operating CF Growth %	-	-0.82%	-16.55%	-0.53%	-0.54%
Net Income	319.02K	-1.62M	-1.26M	-3.37M	-2.73M
Depreciation & Amortization	0	0	0	912	223.98K
Stock-Based Compensation	0	1.09M	529.93K	1.49M	412.81K
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	93.6K	599.87K	-434.22K	119.83K	-256.67K
Working Capital Changes	-49.82K	-11.26K	142.31K	200.05K	-71.63K
Change in Receivables	-20.25K	-68.04K	72.34K	-47.85K	-150.79K
Change in Inventory	0	0	0	0	0
Change in Payables	-21.35K	53.36K	79.61K	379.76K	-199.5K
Cash from Investing+	-16.18K	0	0	-89.05K	-22.31K
Capital Expenditures	-16.18K	0	0	-29.05K	-19.81K
CapEx % of Revenue	0.01%	-	-	0.01%	0.01%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	0	0	0	-2.5K
Cash from Financing+	49.64K	1.23M	297.52K	5.75M	-117.54K
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	-529.25K	-66.5K	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	578.89K	191.85K	131.53K	-898.9K	-112.3K
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	346.63K	65.84K	-1.02M	-1.6M	-2.44M
FCF Margin %	0.22%	0.03%	-0.48%	-0.8%	-1.16%
FCF Growth %	-	-0.81%	-16.55%	-0.56%	-0.53%
FCF per Share	0.04	0.01	-0.12	-0.22	-0.25
FCF Conversion (FCF/Net Income)	1.14x	-0.04x	0.81x	0.46x	0.89x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-1134.33%	-267.11%	-106.41%	-58.53%
Return on Invested Capital (ROIC)	-	-	-	-1101.05%	-249.54%
Gross Margin	100%	100%	100%	100%	98.48%
Net Margin	20.43%	-81.63%	-58.66%	-168.42%	-129.87%
Debt / Equity	-	-	0.21x	0.01x	0.00x
Interest Coverage	4.19x	-6597.62x	-	-	-
FCF Conversion	1.14x	-0.04x	0.81x	0.46x	0.89x
Revenue Growth	-	26.92%	8.55%	-6.87%	4.82%

Frequently Asked Questions

Growth & Financials

DeFi Development Corp. (DFDV) reported $7.5M in revenue for fiscal year 2024. This represents a 382% increase from $1.6M in 2020.

DeFi Development Corp. (DFDV) grew revenue by 4.8% over the past year. Growth has been modest.

Yes, DeFi Development Corp. (DFDV) is profitable, generating $70.2M in net income for fiscal year 2024 (-129.9% net margin).

Dividend & Returns

DeFi Development Corp. (DFDV) has a return on equity (ROE) of -58.5%. Negative ROE indicates the company is unprofitable.

DeFi Development Corp. (DFDV) had negative free cash flow of $7.2M in fiscal year 2024, likely due to heavy capital investments.

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