Get started

Financials · DFDV

DeFi Development Corp. (DFDV) financials

For the twelve months ended Jun 30, 2026, DeFi Development Corp. reported $15.09M of revenue and -$199.12M of net income.

Revenue, TTM
$15.09M
Revenue growth, YoY
+328.6%
Net income, TTM
-$199.12M
Net margin
-1319.5%
Cash
$4.33M
Total debt
$120.56M
P/S
7.23
Market cap
$109.1M
Annual revenue$11.39M
FY2022FY2025
Annual net income-$73.79M
FY2022FY2025
Annual free cash flow-$17.97M
FY2022FY2025

DFDV revenue and earnings growth

DFDV revenueQ2 2026$3.31M

Quarter YoY
+66.9%
QoQ
+24.4%
FY YoY
+442.2%

DFDV revenue was $3.31M in fiscal Q2 2026 (ended Jun 30, 2026), up 66.9% from a year earlier and up 24.4% from the prior quarter. For the full fiscal 2025 it was $11.39M, up 442.2% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

DFDV net incomeQ2 2026-$27.29M

DFDV net income was -$27.29M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $15.43M a year earlier. For the full fiscal 2025 it was -$73.79M, compared with -$2.73M in fiscal 2024.

DFDV EPSQ2 2026-$1.00

DFDV diluted EPS was -$1.00 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$4.00.

DFDV free cash flowQ4 2025-$10.93M

DFDV free cash flow was -$10.93M in fiscal Q4 2025 (ended Dec 31, 2025), compared with -$189.0K a year earlier. For the full fiscal 2025 it was -$17.97M, compared with -$2.44M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$11.39M$2.10M$2.00M$2.15M
Cost of revenue$249.0K$32.0K--
Gross profit$11.14M$2.07M--
Research and development$1.14M$655.0K$792.1K$426.8K
Selling, general and admin$14.33M$2.61M$2.64M$1.82M
Operating income-$36.40M-$3.00M-$3.40M-$1.72M
Interest expense$8.93M$0--
Pre-tax income-$73.78M-$2.73M--
Income tax$9.0K$0--
Net income-$73.79M-$2.73M-$3.37M-$1.26M
EPS, basic-$4.00-$0.28-$3.19-$0.18
EPS, diluted-$4.00-$0.28-$3.19-$0.18
Diluted shares18.5M9.8M1.1M6.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$5.92M$2.52M$5.08M$981.1K
Short-term investments$3.67M$340.0K--
Receivables$52.0K$195.0K$86.1K$38.3K
Current assets$121.93M$3.27M$5.29M$1.03M
Goodwill$607.0K$607.0K$606.7K$0
Total assets$307.41M$4.38M$6.68M$1.34M
Current liabilities$80.79M$593.0K$675.1K$204.9K
Short-term debt$107.0K---
Long-term debt$127.36M$0--
Total debt$127.47M$0--
Total liabilities$208.15M$874.0K$867.8K$811.5K
Shareholders' equity$99.26M$3.50M$5.82M$525.4K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow-$17.97M-$2.42M-$1.57M-$1.02M
Capital expenditures$2.0K$23.0K$29.0K$0
Free cash flow-$17.97M-$2.44M-$1.60M-$1.02M
Investing cash flow-$221.54M-$23.0K-$89.0K$0
Financing cash flow$242.91M-$118.0K$5.75M$297.5K
Share repurchases$11.52M$5.0K--
Stock-based compensation$1.67M$413.0K$944.4K$529.9K
Depreciation and amortization$1.04M$307.0K$912-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY442.2%4.8%-6.9%-
Gross margin97.8%98.5%--
Operating margin-319.7%-143.0%-170.0%-80.0%
Net margin-648.1%-129.9%-168.4%-58.7%
Free cash flow margin-157.8%-116.2%-79.7%-47.6%
Return on equity-74.3%-77.9%-58.0%-240.1%
Return on assets-24.0%-62.3%-50.5%-94.4%
Current ratio1.515.527.845.01
Debt to equity1.280.00--

Source: XBRL data DeFi Development Corp. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DFDV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DFDV$15.09M+328.6%-$199.12M-1319.5%$109.1M
AXP$77.59B+10.2%$12.26B15.8%$215.24B
SPGI$17.21B+18.2%$4.99B29.0%$135.62B
MCO$8.18B+9.0%$2.88B35.3%$87.18B
NU$15.77B+37.0%$2.87B18.2%$58.39B
RKT$11.46B+90.4%$1.30B11.4%$42.74B
COIN$5.63B-26.6%-$701.62M-12.5%$35.68B
AFRM$4.59B+32.7%$2.01B43.9%$23.08B
SYF$19.31B+2.6%$3.33B17.3%$22.96B

DFDV FAQ

7 questions
  • What is DFDV revenue?
    DeFi Development Corp. (DFDV) reported $15.09M of revenue for the twelve months ended Jun 30, 2026. That is up 328.6% from the year before. Revenue for fiscal 2025 was $11.39M.
  • Is DFDV profitable?
    No. DeFi Development Corp. reported a net loss of $199.12M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does DFDV have?
    DeFi Development Corp. reported $4.33M in cash and cash equivalents and $120.56M of debt on its most recent balance sheet in SEC filings.
  • How fast is DFDV revenue growing?
    DeFi Development Corp.'s revenue changed +442.2% in fiscal 2025, to $11.39M.
  • What is DFDV gross margin?
    DeFi Development Corp.'s gross profit was $14.75M on $15.09M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 97.8%.
  • When did DFDV last report financial results?
    The latest statements here come from DeFi Development Corp.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this DFDV financial data come from?
    Quantisnow builds these statements from the structured XBRL data DeFi Development Corp. files with the SEC. It is provided for information only and is not investment advice.