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DeFi Development Corp.(DFDV)Earnings, Financials & Key Ratios
DFDV•NASDAQ
Price updated Jun 19, 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$11M+442.3%
- EBITDA-$7M-136.7%
- Net Income-$74M-2606.0%
- EPS (Diluted)-4.00-1333.2%
- Gross Margin97.81%-0.7%
- EBITDA Margin-57.79%+56.3%
- Operating Margin-66.97%+53.2%
- Net Margin-648.06%-399.0%
- ROE-143.61%-145.4%
DFDV Key Insights
DeFi Development Corp. (DFDV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 48.8%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 89.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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 Years48.79%
3 Years74.28%
TTM596.62%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-6056.68%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-2642.57%
Return on Capital
10 Years-51.87%
5 Years-73.31%
3 Years-54.44%
Last Year-6.62%
DFDV Recent Earnings
DeFi Development Corp. (DFDV) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (25%)●Beat Revenue 3/12 qtrs (75%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$3.18-1198.0%
$0.24
Rev
$3M-23.9%
$4M
Q2 2026
Mar 30, 2026Metric
Actual
Est
EPS
$6.44-9100.0%
$0.07
Rev
$4M+9.6%
$4M
Q4 2025
Nov 18, 2025Metric
Actual
Est
EPS
$1.88+2785.7%
$0.07
Rev
$5M+12.8%
$4M
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.18-800.0%
$0.02
Rev
$2M+181.5%
$705,500
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $3.18vs $0.24-1198.0% | $3Mvs $4M-23.9% |
| Q2 2026 | 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% |
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 | 37.58B | 112.53 | -7.39 | 2.97% | -25.19% | -24.09% | 0.16 | |
 MARA | 5.42B | 14.22 | -3.85 | 38.2% | -234.83% | -51.65% | 1.05 | |
 RIOT | 10.65B | 28.10 | -14.41 | 71.89% | -132.76% | -28.78% | 0.10 | |
 CLSK | 4.42B | 17.24 | 15.39 | 102.21% | -67.66% | -29.93% | 0.38 | |
 HUT | 14.01B | 124.44 | -58.15 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 706.64M | 2.17 | -7 | -30.65% | -146.01% | -0.11% | 0.16 | |
 COIN | 43.01B | 163.26 | 36.69 | 9.4% | 13.78% | 5.68% | 0.53 | |
 HOOD | 97.43B | 108.15 | 52.76 | 51.58% | 41.12% | 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
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.56M | 1.98M | 2.15M | 2M | 2.1M | 11.39M | 13.76M |
Revenue Growth % | - | 26.92% | 8.55% | -6.87% | 4.82% | 442.28% | 596.62% |
Cost of Goods Sold | 0 | 0 | 0 | 0 | 31.9K | 249K | 346K |
COGS % of Revenue | - | - | - | - | 1.52% | 2.19% | - |
Gross Profit | 1.56M▲ 0% | 1.98M▲ 26.9% | 2.15M▲ 8.6% | 2M▼ 6.9% | 2.07M▲ 3.2% | 11.14M▲ 438.6% | 13.42M▲ 0% |
Gross Margin % | 100% | 100% | 100% | 100% | 98.48% | 97.81% | 97.49% |
Gross Profit Growth % | - | 26.92% | 8.55% | -6.87% | 3.23% | 438.6% | - |
Operating Expenses | 1.17M | 3.04M | 3.87M | 5.41M | 5.07M | 18.76M | -69.67M |
OpEx % of Revenue | 74.8% | 153.28% | 179.98% | 269.98% | 241.53% | 164.78% | - |
Selling, General & Admin | 1.06M | 3M | 3.44M | 4.62M | 4.11M | 16.57M | 21.82M |
SG&A % of Revenue | 67.68% | 151.34% | 160.14% | 230.43% | 195.71% | 145.57% | - |
Research & Development | 111.15K | 38.42K | 426.83K | 792.13K | 654.8K | 1.14M | 1.11M |
R&D % of Revenue | 7.12% | 1.94% | 19.84% | 39.54% | 31.19% | 10.03% | - |
Other Operating Expenses | 0 | 13.76K | 15.26K | 0 | 307.2K | 1.04M | -1.65M |
Operating Income | 393.39K▲ 0% | -1.06M▼ 368.3% | -1.72M▼ 63.0% | -3.4M▼ 97.9% | -3M▲ 11.8% | -7.63M▼ 153.9% | 82.74M▲ 0% |
Operating Margin % | 25.2% | -53.28% | -79.98% | -169.98% | -143.05% | -66.97% | 601.15% |
Operating Income Growth % | - | -368.34% | -62.98% | -97.91% | 11.79% | -153.87% | - |
EBITDA | 412.82K | -1.62M | -1.7M | -3.4M | -2.78M | -6.58M | 84.08M |
EBITDA Margin % | 26.44% | -81.63% | -78.84% | -169.93% | -132.38% | -57.79% | 610.93% |
EBITDA Growth % | - | -491.83% | -4.84% | -100.72% | 18.35% | -136.73% | 3252.07% |
D&A (Non-Cash Add-back) | 19.43K | 0 | 24.49K | 912 | 223.98K | 1.04M | 1.35M |
EBIT | 412.82K | -1.62M | -1.26M | -3.37M | -2.92M | -64.85M | -68.26M |
Net Interest Income | -93.19K | 1.7K | 9.24K | 140.72K | 156.02K | -8.93M | -6.24M |
Interest Income | 602 | 1.86K | 9.24K | 140.72K | 156.02K | 0 | 0 |
Interest Expense | 93.79K | 160 | 0 | 0 | 0 | 8.93M | 6.24M |
Other Income/Expense | -74.36K | -561.91K | 449.48K | 31.1K | 276.7K | -66.15M | -239.13M |
Pretax Income | 319.02K▲ 0% | -1.62M▼ 607.0% | -1.27M▲ 21.4% | -3.37M▼ 165.5% | -2.73M▲ 19.2% | -73.78M▼ 2605.7% | -156.39M▲ 0% |
Pretax Margin % | 20.43% | -81.63% | -59.09% | -168.42% | -129.87% | -647.98% | -1136.31% |
Income Tax | 0 | 0 | -9.24K | 0 | 0 | 9K | 9K |
Effective Tax Rate % | 0% | 0% | 0.73% | 0% | 0% | -0.01% | -0.01% |
Net Income | 319.02K▲ 0% | -1.62M▼ 607.0% | -1.26M▲ 22.0% | -3.37M▼ 167.4% | -2.73M▲ 19.2% | -73.79M▼ 2606.0% | -156.4M▲ 0% |
Net Margin % | 20.43% | -81.63% | -58.66% | -168.42% | -129.87% | -648.06% | -1136.38% |
Net Income Growth % | - | -607.02% | 22% | -167.41% | 19.18% | -2606.04% | -6056.68% |
Net Income (Continuing) | 319.02K | -1.62M | -1.26M | -3.37M | -2.73M | -73.79M | -156.4M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 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% | -4.00▼ 1333.2% | -5.96▲ 0% |
EPS Growth % | - | -607.01% | 22% | -216.19% | 38.79% | -1333.09% | -2642.57% |
EPS (Basic) | 0.04 | -0.18 | -0.14 | -0.46 | -0.28 | -4.00 | - |
Diluted Shares Outstanding | 8.74M | 8.74M | 8.74M | 7.4M | 9.77M | 18.45M | 26.26M |
Basic Shares Outstanding | 8.74M | 8.74M | 8.74M | 7.4M | 9.77M | 18.45M | 26.26M |
Dividend Payout Ratio | 165.9% | - | - | - | - | - | - |
DFDV Balance Sheet
DeFi Development Corp. (DFDV) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 721.7K | 1.84M | 1.03M | 5.29M | 3.27M | 121.93M | 127.77M |
Cash & Short-Term Investments | 415.71K | 1.71M | 981.13K | 5.08M | 2.86M | 9.6M | 4.24M |
Cash Only | 415.71K | 1.71M | 981.13K | 5.08M | 2.52M | 5.92M | 3.68M |
Short-Term Investments | 0 | 0 | 0 | 0 | 339.88K | 3.67M | 554K |
Accounts Receivable | 300.1K | 130.45K | 38.29K | 86.14K | 195.4K | 52K | 0 |
Days Sales Outstanding | 70.16 | 24.03 | 6.5 | 15.7 | 33.97 | 1.67 | 7.94 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - |
Other Current Assets | 0 | 0 | 0 | 0 | 113.53K | 112.28M | 123.53M |
Total Non-Current Assets | 18.5K | 18.57K | 309.94K | 1.39M | 1.1M | 185.48M | 101.95M |
Property, Plant & Equipment | 0 | 0 | 109.66K | 90.92K | 53.75K | 0 | 0 |
Fixed Asset Turnover | - | - | 19.61x | 22.03x | 39.06x | - | 1038.72x |
Goodwill | 0 | 0 | 0 | 606.67K | 606.67K | 607K | 607K |
Intangible Assets | 16.18K | 16.18K | 16.18K | 675.96K | 378.41K | 3.02M | 2.67M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 398.6M |
Other Non-Current Assets | 2.32K | 2.39K | 184.1K | 18.11K | 61.98K | 181.86M | 98.67M |
Total Assets | 740.2K▲ 0% | 1.86M▲ 151.1% | 1.34M▼ 28.1% | 6.68M▲ 399.9% | 4.38M▼ 34.5% | 307.41M▲ 6925.3% | 229.72M▲ 0% |
Asset Turnover | 2.11x | 1.07x | 1.61x | 0.30x | 0.48x | 0.04x | 0.05x |
Asset Growth % | - | 151.1% | -28.07% | 399.94% | -34.53% | 6925.27% | 25106.96% |
Total Current Liabilities | 29.32K | 82.68K | 204.9K | 675.1K | 592.89K | 80.79M | 91.74M |
Accounts Payable | 29.32K | 82.68K | 159.38K | 539.14K | 339.64K | 6.82M | 5.36M |
Days Payables Outstanding | - | - | - | - | 3.89K | 10K | 3.21K |
Short-Term Debt | 0 | 0 | 0 | 0 | 13.93K | 107K | 0 |
Deferred Revenue (Current) | 0 | 0 | -159.38K | 83.23K | 239.32K | 82K | 1.62M |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 73.78M | 86.39M |
Current Ratio | 24.62x | 22.26x | 5.01x | 7.84x | 5.52x | 1.51x | 1.39x |
Quick Ratio | 24.62x | 22.26x | 5.01x | 7.84x | 5.52x | 1.51x | 1.39x |
Cash Conversion Cycle | - | - | - | - | - | - | -3.2K |
Total Non-Current Liabilities | 845K | 1.36M | 606.64K | 192.75K | 280.96K | 127.36M | 127.78M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 127.36M | 127.78M |
Capital Lease Obligations | 0 | 0 | 67.06K | 13.93K | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 20.15M |
Other Non-Current Liabilities | 845K | 1.36M | 539.58K | 178.82K | 178.82K | 0 | 0 |
Total Liabilities | 874.31K | 1.44M | 811.53K | 867.85K | 873.84K | 208.15M | 219.52M |
Total Debt | 0 | 0 | 112.57K | 66.66K | 13.93K | 127.47M | 127.78M |
Net Debt | -415.71K | -1.71M | -868.55K | -5.01M | -2.5M | 121.55M | 124.1M |
Debt / Equity | - | - | 0.21x | 0.01x | 0.00x | 1.28x | 12.53x |
Debt / EBITDA | - | - | - | - | - | - | 1.52x |
Net Debt / EBITDA | -1.01x | - | - | - | - | - | 1.48x |
Interest Coverage | 4.40x | -10108.59x | - | - | - | -7.26x | -10.95x |
Total Equity | -134.11K▲ 0% | 419.31K▲ 412.7% | 525.38K▲ 25.3% | 5.82M▲ 1007.0% | 3.5M▼ 39.8% | 99.26M▲ 2734.5% | 10.19M▲ 0% |
Equity Growth % | - | 412.66% | 25.3% | 1007.01% | -39.79% | 2734.46% | 10824.01% |
Book Value per Share | -0.02 | 0.05 | 0.06 | 0.79 | 0.36 | 5.38 | 0.39 |
Total Shareholders' Equity | -134.11K | 419.31K | 525.38K | 5.82M | 3.5M | 99.26M | 10.19M |
Common Stock | 0 | 68 | 71 | 110 | 14 | 0 | 0 |
Retained Earnings | -134.11K | -2.01M | -3.27M | -6.64M | -9.37M | -91.77M | -175.29M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | -11.52M | -22.02M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -27K | -44K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DFDV Cash Flow Statement
DeFi Development Corp. (DFDV) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 362.81K | 65.84K | -1.02M | -1.57M | -2.42M | -17.97M | -27M |
Operating CF Margin % | 23.24% | 3.32% | -47.59% | -78.25% | -115.18% | -157.8% | - |
Operating CF Growth % | - | -81.85% | -1654.75% | -53.13% | -54.27% | -642.96% | -8340.15% |
Net Income | 319.02K | -1.62M | -1.26M | -3.37M | -2.73M | -73.79M | -156.4M |
Depreciation & Amortization | 0 | 0 | 0 | 912 | 223.98K | 1.04M | 1.35M |
Stock-Based Compensation | 0 | 1.09M | 529.93K | 1.49M | 412.81K | 1.67M | 2.34M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | -1.2M |
Other Non-Cash Items | 93.6K | 599.87K | -434.22K | 119.83K | -256.67K | 46.82M | 124.56M |
Working Capital Changes | -49.82K | -11.26K | 142.31K | 200.05K | -71.63K | 6.29M | 2.35M |
Change in Receivables | -20.25K | -68.04K | 72.34K | -47.85K | -150.79K | -605K | -122.39K |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -21.35K | 53.36K | 79.61K | 379.76K | -199.5K | 5.88M | 833K |
Cash from Investing | -16.18K | 0 | 0 | -89.05K | -22.31K | -221.54M | -205.35M |
Capital Expenditures | -16.18K | 0 | 0 | -29.05K | -19.81K | -2K | -2K |
CapEx % of Revenue | 1.04% | - | - | 1.45% | 0.94% | 0.02% | 0.01% |
Acquisitions | 0 | 0 | 0 | -60K | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | -2.5K | -219.22M | -202.57M |
Cash from Financing | 49.64K | 1.23M | 297.52K | 5.75M | -117.54K | 242.91M | 234.23M |
Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 148.54M | -213K |
Equity Issued (Net) | 0 | 1.1M | 165.99K | 6.65M | -5.24K | 101.36M | 17.58M |
Dividends Paid | -529.25K | -66.5K | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | -5.24K | -87.16M | -119.03M |
Other Financing | 578.89K | 191.85K | 131.53K | -898.9K | -112.3K | -6.99M | 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% | 3.4M▲ 233.0% | 1.88M▲ 0% |
Free Cash Flow | 346.63K▲ 0% | 65.84K▼ 81.0% | -1.02M▼ 1654.8% | -1.6M▼ 56.0% | -2.44M▼ 52.7% | -17.97M▼ 637.0% | -30.72M▲ 0% |
FCF Margin % | 22.2% | 3.32% | -47.59% | -79.7% | -116.12% | -157.82% | -223.21% |
FCF Growth % | - | -81.01% | -1654.75% | -55.97% | -52.7% | -637.01% | -1383.27% |
FCF per Share | 0.04 | 0.01 | -0.12 | -0.22 | -0.25 | -0.97 | -1.17 |
FCF Conversion (FCF/Net Income) | 1.14x | -0.04x | 0.81x | 0.46x | 0.89x | 0.24x | 0.20x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 358K | 3.46M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 2K | 186K |
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 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | -1134.33% | -267.11% | -106.41% | -58.53% | -143.61% | -144.52% |
Return on Invested Capital (ROIC) | - | - | -1101.05% | -249.54% | -5.16% | 30.25% |
Gross Margin | 100% | 100% | 100% | 98.48% | 97.81% | 97.49% |
Net Margin | -81.63% | -58.66% | -168.42% | -129.87% | -648.06% | -1136.38% |
Debt / Equity | - | 0.21x | 0.01x | 0.00x | 1.28x | 12.53x |
Interest Coverage | -10108.59x | - | - | - | -7.26x | -10.95x |
FCF Conversion | -0.04x | 0.81x | 0.46x | 0.89x | 0.24x | 0.20x |
Revenue Growth | 26.92% | 8.55% | -6.87% | 4.82% | 442.28% | 596.62% |
Related:DFDV Dividend History·DFDV Revenue History·DFDV Price History·DFDV P/E History·DFDV Financial Ratios·DFDV Institutional Holders
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 $13.8M in revenue for fiscal year 2025. This represents a 782% increase from $1.6M in 2020.
DeFi Development Corp. (DFDV) grew revenue by 442.3% over the past year. This is strong growth.
DeFi Development Corp. (DFDV) reported a net loss of $156.4M for fiscal year 2025.
Dividend & Returns
DeFi Development Corp. (DFDV) has a return on equity (ROE) of -143.6%. Negative ROE indicates the company is unprofitable.
DeFi Development Corp. (DFDV) had negative free cash flow of $30.7M in fiscal year 2025, likely due to heavy capital investments.