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DeFi Development Corp.(DFDV)Earnings, Financials & Key Ratios
DFDV•NASDAQ
$4.50
$125M mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryData platforms, integration and analytics
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 Margin98.48%-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/Equity0.00-65.3%
DFDV Key Insights
DeFi Development Corp. (DFDV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 19 (bottom 19%)
- ✗Shares diluted 32.1% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 12.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DFDV Price & Volume
DeFi Development Corp. (DFDV) stock price & volume — 10-year historical chart
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DFDV Growth Metrics
DeFi Development Corp. (DFDV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years1.95%
TTM313.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM2153.7%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM703.67%
Return on Capital
10 Years-60.92%
5 Years-60.92%
3 Years-91.68%
Last Year-61.35%
DFDV Recent Earnings
DeFi Development Corp. (DFDV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (33%)●Beat Revenue 3/12 qtrs (100%)
Q2 2026Latest
Mar 30, 2026EPS
$6.44
Est $0.07
-9100.0%
Revenue
$4M
Est $4M
+9.6%
Q4 2025
Nov 18, 2025EPS
$1.88
Est $0.07
+2785.7%
Revenue
$5M
Est $4M
+12.8%
Q3 2025
Aug 14, 2025EPS
$0.18
Est $0.02
-800.0%
Revenue
$2M
Est $705,500
+181.5%
Q2 2025
May 14, 2025EPS
$0.08
Revenue
$287,172
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 30, 2026 | $6.44vs $0.07-9100.0% | $4Mvs $4M+9.6% |
| Q4 2025 | Nov 18, 2025 | $1.88vs $0.07+2785.7% | $5Mvs $4M+12.8% |
| Q3 2025 | Aug 14, 2025 | $0.18vs $0.02-800.0% | $2Mvs $705,500+181.5% |
| Q2 2025 | May 14, 2025 | $0.08 | $287,172 |
Based on last 12 quarters of dataView full earnings history →
DFDV Peer Comparison
DeFi Development Corp. (DFDV) competitors in Data platforms, integration and analytics — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MSTR | 51.87B | 186.82 | -12.27 | 2.97% | -25.66% | -25.66% | 0.16 | |
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 COIN | 56.86B | 197.96 | 44.49 | 1.03% | 20.08% | 0.52 | ||
 HOOD | 71.21B | 79.05 | 38.56 | 51.58% | 21.38% | 1.68 |
Compare DFDV vs Peers
DeFi Development Corp. (DFDV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DFDV Income Statement
DeFi Development Corp. (DFDV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 1.56M | 1.98M | 2.15M | 2M | 2.1M | 7.53M |
| Revenue Growth % | - | 26.92% | 8.55% | -6.87% | 4.82% | 313.35% |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 31.9K | 130.56K |
| COGS % of Revenue | - | - | - | - | 1.52% | - |
| Gross Profit | 1.56M▲ 0% | 1.98M▲ 26.9% | 2.15M▲ 8.6% | 2M▼ 6.9% | 2.07M▲ 3.2% | 7.4M▲ 0% |
| Gross Margin % | 100% | 100% | 100% | 100% | 98.48% | 98.27% |
| Gross Profit Growth % | - | 26.92% | 8.55% | -6.87% | 3.23% | - |
| Operating Expenses | 1.17M | 3.04M | 3.87M | 5.41M | 5.07M | -80.32M |
| OpEx % of Revenue | 74.8% | 153.28% | 179.98% | 269.98% | 241.53% | - |
| Selling, General & Admin | 1.06M | 3M | 3.44M | 4.62M | 4.11M | 11.6M |
| SG&A % of Revenue | 67.68% | 151.34% | 160.14% | 230.43% | 195.71% | - |
| Research & Development | 111.15K | 38.42K | 426.83K | 792.13K | 654.8K | 927.24K |
| R&D % of Revenue | 7.12% | 1.94% | 19.84% | 39.54% | 31.19% | - |
| Other Operating Expenses | 0 | 13.76K | 15.26K | 0 | 307.2K | -1.88M |
| Operating Income | 393.39K▲ 0% | -1.06M▼ 368.3% | -1.72M▼ 63.0% | -3.4M▼ 97.9% | -3M▲ 11.8% | 87.71M▲ 0% |
| Operating Margin % | 25.2% | -53.28% | -79.98% | -169.98% | -143.05% | 1165.31% |
| Operating Income Growth % | - | -368.34% | -62.98% | -97.91% | 11.79% | - |
| EBITDA | 412.82K | -1.62M | -1.7M | -3.4M | -2.78M | 88.46M |
| EBITDA Margin % | 26.44% | -81.63% | -78.84% | -169.93% | -132.38% | 1175.19% |
| EBITDA Growth % | - | -491.83% | -4.84% | -100.72% | 18.35% | 2704.88% |
| D&A (Non-Cash Add-back) | 19.43K | 0 | 24.49K | 912 | 223.98K | 743.71K |
| EBIT | 412.82K | -1.62M | -1.26M | -3.37M | -2.92M | 92.82M |
| Net Interest Income | -93.19K | 1.7K | 9.24K | 140.72K | 156.02K | -3.66M |
| Interest Income | 602 | 1.86K | 9.24K | 140.72K | 156.02K | 46.41K |
| Interest Expense | 93.79K | 160 | 0 | 0 | 0 | 3.71M |
| Other Income/Expense | -74.36K | -561.91K | 449.48K | 31.1K | 276.7K | 1.62M |
| Pretax Income | 319.02K▲ 0% | -1.62M▼ 607.0% | -1.27M▲ 21.4% | -3.37M▼ 165.5% | -2.73M▲ 19.2% | 89.33M▲ 0% |
| Pretax Margin % | 20.43% | -81.63% | -59.09% | -168.42% | -129.87% | 1186.79% |
| Income Tax | 0 | 0 | -9.24K | 0 | 0 | 19.14M |
| Effective Tax Rate % | 0% | 0% | 0.73% | 0% | 0% | 21.42% |
| Net Income | 319.02K▲ 0% | -1.62M▼ 607.0% | -1.26M▲ 22.0% | -3.37M▼ 167.4% | -2.73M▲ 19.2% | 70.19M▲ 0% |
| Net Margin % | 20.43% | -81.63% | -58.66% | -168.42% | -129.87% | 932.56% |
| Net Income Growth % | - | -607.02% | 22% | -167.41% | 19.18% | 2153.7% |
| Net Income (Continuing) | 319.02K | -1.62M | -1.26M | -3.37M | -2.73M | 70.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.04▲ 0% | -0.18▼ 606.6% | -0.14▲ 22.0% | -0.46▼ 216.2% | -0.28▲ 38.8% | 2.23▲ 0% |
| EPS Growth % | - | -607.01% | 22% | -216.19% | 38.79% | 703.67% |
| 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 | 31.44M |
| Basic Shares Outstanding | 8.74M | 8.74M | 8.74M | 7.4M | 9.77M | 23.2M |
| Dividend Payout Ratio | 165.9% | - | - | - | - | - |
DFDV Balance Sheet
DeFi Development Corp. (DFDV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 721.7K | 1.84M | 1.03M | 5.29M | 3.27M | 174.41M |
| Cash & Short-Term Investments | 415.71K | 1.71M | 981.13K | 5.08M | 2.86M | 10.18M |
| Cash Only | 415.71K | 1.71M | 981.13K | 5.08M | 2.52M | 8.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 339.88K | 1.38M |
| Accounts Receivable | 300.1K | 130.45K | 38.29K | 86.14K | 195.4K | 52K |
| Days Sales Outstanding | 70.16 | 24.03 | 6.5 | 15.7 | 33.97 | 23.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 113.53K | 163.58M |
| Total Non-Current Assets | 18.5K | 18.57K | 309.94K | 1.39M | 1.1M | 305.54M |
| Property, Plant & Equipment | 0 | 0 | 109.66K | 90.92K | 53.75K | 0 |
| Fixed Asset Turnover | - | - | 19.61x | 22.03x | 39.06x | 139.90x |
| Goodwill | 0 | 0 | 0 | 606.67K | 606.67K | 607K |
| Intangible Assets | 16.18K | 16.18K | 16.18K | 675.96K | 378.41K | 304.84M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 398.6M |
| Other Non-Current Assets | 2.32K | 2.39K | 184.1K | 18.11K | 61.98K | -301.12M |
| Total Assets | 740.2K▲ 0% | 1.86M▲ 151.1% | 1.34M▼ 28.1% | 6.68M▲ 399.9% | 4.38M▼ 34.5% | 479.95M▲ 0% |
| Asset Turnover | 2.11x | 1.07x | 1.61x | 0.30x | 0.48x | 0.05x |
| Asset Growth % | - | 151.1% | -28.07% | 399.94% | -34.53% | 12698.29% |
| Total Current Liabilities | 29.32K | 82.68K | 204.9K | 675.1K | 592.89K | 85.55M |
| Accounts Payable | 29.32K | 82.68K | 159.38K | 539.14K | 339.64K | 0 |
| Days Payables Outstanding | - | - | - | - | 3.89K | 237.38 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 13.93K | 267K |
| Deferred Revenue (Current) | 0 | 0 | -159.38K | 83.23K | 239.32K | 2.6M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 85.17M |
| Current Ratio | 24.62x | 22.26x | 5.01x | 7.84x | 5.52x | 5.52x |
| Quick Ratio | 24.62x | 22.26x | 5.01x | 7.84x | 5.52x | 5.52x |
| Cash Conversion Cycle | - | - | - | - | - | -213.47 |
| Total Non-Current Liabilities | 845K | 1.36M | 606.64K | 192.75K | 280.96K | 150.6M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 131.44M |
| Capital Lease Obligations | 0 | 0 | 67.06K | 13.93K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 20.15M |
| Other Non-Current Liabilities | 845K | 1.36M | 539.58K | 178.82K | 178.82K | 523.37K |
| Total Liabilities | 874.31K | 1.44M | 811.53K | 867.85K | 873.84K | 236.15M |
| Total Debt | 0 | 0 | 112.57K | 66.66K | 13.93K | 131.71M |
| Net Debt | -415.71K | -1.71M | -868.55K | -5.01M | -2.5M | 122.91M |
| Debt / Equity | - | - | 0.21x | 0.01x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | 1.49x |
| Net Debt / EBITDA | -1.01x | - | - | - | - | 1.39x |
| Interest Coverage | 4.19x | -6597.62x | - | - | - | 25.03x |
| Total Equity | -134.11K▲ 0% | 419.31K▲ 412.7% | 525.38K▲ 25.3% | 5.82M▲ 1007.0% | 3.5M▼ 39.8% | 243.8M▲ 0% |
| Equity Growth % | - | 412.66% | 25.3% | 1007.01% | -39.79% | 7749.2% |
| Book Value per Share | -0.02 | 0.05 | 0.06 | 0.79 | 0.36 | 7.75 |
| Total Shareholders' Equity | -134.11K | 419.31K | 525.38K | 5.82M | 3.5M | 243.8M |
| Common Stock | 0 | 68 | 71 | 110 | 14 | 0 |
| Retained Earnings | -134.11K | -2.01M | -3.27M | -6.64M | -9.37M | 61.31M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
DFDV Cash Flow Statement
DeFi Development Corp. (DFDV) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | 362.81K | 65.84K | -1.02M | -1.57M | -2.42M | -2.42M |
| Operating CF Margin % | 23.24% | 3.32% | -47.59% | -78.25% | -115.18% | - |
| Operating CF Growth % | - | -81.85% | -1654.75% | -53.13% | -54.27% | -1092.22% |
| Net Income | 319.02K | -1.62M | -1.26M | -3.37M | -2.73M | 70.19M |
| Depreciation & Amortization | 0 | 0 | 0 | 912 | 223.98K | 743.71K |
| Stock-Based Compensation | 0 | 1.09M | 529.93K | 1.49M | 412.81K | 1.49M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 17.84M |
| Other Non-Cash Items | 93.6K | 599.87K | -434.22K | 119.83K | -256.67K | -100.77M |
| Working Capital Changes | -49.82K | -11.26K | 142.31K | 200.05K | -71.63K | 3.29M |
| Change in Receivables | -20.25K | -68.04K | 72.34K | -47.85K | -150.79K | -525.65K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -21.35K | 53.36K | 79.61K | 379.76K | -199.5K | 2.52M |
| Cash from Investing | -16.18K | 0 | 0 | -89.05K | -22.31K | -236.32M |
| Capital Expenditures | -16.18K | 0 | 0 | -29.05K | -19.81K | -8.63K |
| CapEx % of Revenue | 1.04% | - | - | 1.45% | 0.94% | - |
| Acquisitions | 0 | 0 | 0 | -60K | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -2.5K | -236.31M |
| Cash from Financing | 49.64K | 1.23M | 297.52K | 5.75M | -117.54K | 249.57M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 1000K | 165.99K | 1000K | -5.24K | 935K |
| Dividends Paid | -529.25K | -66.5K | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -5.24K | -97.08M |
| Other Financing | 578.89K | 191.85K | 131.53K | -898.9K | -112.3K | 216.8M |
| Net Change in Cash | 396.27K▲ 0% | 1.29M▲ 225.9% | -726.14K▼ 156.2% | 4.09M▲ 663.9% | -2.56M▼ 162.5% | 6.03M▲ 0% |
| Free Cash Flow | 346.63K▲ 0% | 65.84K▼ 81.0% | -1.02M▼ 1654.8% | -1.6M▼ 56.0% | -2.44M▼ 52.7% | -7.23M▲ 0% |
| FCF Margin % | 22.2% | 3.32% | -47.59% | -79.7% | -116.12% | -96.04% |
| FCF Growth % | - | -81.01% | -1654.75% | -55.97% | -52.7% | -146.59% |
| FCF per Share | 0.04 | 0.01 | -0.12 | -0.22 | -0.25 | -0.25 |
| FCF Conversion (FCF/Net Income) | 1.14x | -0.04x | 0.81x | 0.46x | 0.89x | -0.10x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 6.1K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 23K |
DFDV Key Ratios
DeFi Development Corp. (DFDV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -1134.33% | -267.11% | -106.41% | -58.53% | 85.14% |
| Return on Invested Capital (ROIC) | - | - | -1101.05% | -249.54% | -249.54% |
| Gross Margin | 100% | 100% | 100% | 98.48% | 98.27% |
| Net Margin | -81.63% | -58.66% | -168.42% | -129.87% | 932.56% |
| Debt / Equity | - | 0.21x | 0.01x | 0.00x | 0.00x |
| Interest Coverage | -6597.62x | - | - | - | 25.03x |
| FCF Conversion | -0.04x | 0.81x | 0.46x | 0.89x | -0.10x |
| Revenue Growth | 26.92% | 8.55% | -6.87% | 4.82% | 313.35% |
DFDV SEC Filings & Documents
DeFi Development Corp. (DFDV) SEC filings — annual & quarterly reports (10-K, 10-Q)
DFDV Frequently Asked Questions
DeFi Development Corp. (DFDV) stock FAQ — growth, dividends, profitability & financials explained
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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DeFi Development Corp. (DFDV) financial analysis — history, returns, DCA and operating performance tools
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