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DFDVDeFi Development Corp.
$3.19$96M
Overview & Verdict
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DFDV logoDeFi Development Corp.(DFDV)Earnings, Financials & Key Ratios

DFDV•NASDAQ
$3.19
Price updated Jul 7, 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 Price & Volume

DeFi Development Corp. (DFDV) stock price & volume — 10-year historical chart

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Aggressive Asset Expansion Masks Operational Liquidity Risks

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Treasury-linked liquidity volatility

Key Thesis Takeaways

  • DeFi Development Corp.
  • exhibits a high-growth profile driven by its AI-driven CRE platform, yet this expansion is undermined by a volatile treasury-linked balance sheet and inconsistent cash conversion.
  • While the firm maintains elite gross margins of 96.1%, the reliance on non-operating items and a debt-to-equity ratio that surged to 12.53 suggests significant structural instability.
  • Investors should monitor the sustainability of the current burn rate, as the company's $3.7M cash position appears insufficient to support its aggressive capital allocation strategy.

Verdict Logic

the company's reliance on a crypto-native treasury and a debt-to-equity ratio of 12.53 create excessive volatility that outweighs the potential benefits of its current revenue growth trajectory.

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

Full history →
●Beat EPS 1/12 qtrs (25%)●Beat Revenue 3/12 qtrs (75%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$3.18-1198.0%
$0.24
Rev
$3M-23.9%
$4M
Q2 2026
Mar 30, 2026
Metric
Actual
Est
EPS
$6.44-9100.0%
$0.07
Rev
$4M+9.6%
$4M
Q4 2025
Nov 18, 2025
Metric
Actual
Est
EPS
$1.88+2785.7%
$0.07
Rev
$5M+12.8%
$4M
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.18-800.0%
$0.02
Rev
$2M+181.5%
$705,500
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$3.18vs $0.24-1198.0%
$3Mvs $4M-23.9%
Q2 2026Mar 30, 2026
$6.44vs $0.07-9100.0%
$4Mvs $4M+9.6%
Q4 2025Nov 18, 2025
$1.88vs $0.07+2785.7%
$5Mvs $4M+12.8%
Q3 2025Aug 14, 2025
$0.18vs $0.02-800.0%
$2Mvs $705,500+181.5%
Based on last 12 quarters of dataView full earnings history →

Latest DFDV News

Recent stock market news and headlines for DeFi Development Corp. (DFDV)

GlobeNewsWire·Jul 1, 2026
HCMC Announces Initial Meme Coin Token Acquisition From DeFi Development Corp. (Nasdaq:DFDV) Through its New AI Powered IP Platform RAGE (Risk Assessment Gauging Enterprise)

HOLLYWOOD, FL, July 01, 2026 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (HCMC) today announced its inaugural investment in 1 billion tokens of $DON'T DisclaimerCoin, the pioneering meme coin launched by DeFi Development Corp. (“DFDV”). HCMC will hold these tokens through RAGE, the new AI powered IP platform of HCMC focused on digital assets, meme coins and internet-native communities. As previously announced, RAGE will serve as HCMC's flagship AI powered IP platform for identifying, acquiring, and scaling exposure to high-conviction digital culture assets that sit at the intersection of community, capital markets, and internet-native innovation.

GlobeNewsWire·Jun 30, 2026
DeFi Development Corp. Launches SOL Boost Framework and Interactive Calculator

BOCA RATON, FL, June 30, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today published "The SOL Boost Framework: How DFDV Delivers Leveraged Solana Exposure," a new educational article outlining the Company's capital allocation philosophy and approach to building long-term SOL exposure through structured leverage and SOL per share ("SPS") growth. The article introduces SOL Boost, DFDV's internal framework for describing how leverage and SPS growth can contribute to long-term Solana exposure, while also explaining the Company's approach to treasury management, leverage, and capital allocation.

GlobeNewsWire·Jun 29, 2026
DeFi Development Corp. Provides Update on DeFi Development Corporation UK PLC

BOCA RATON, FL, June 29, 2026 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced that DeFi Development Corporation UK PLC (“DFDV UK”) is no longer affiliated with the Company's treasury accelerator strategy. DFDV has no ongoing exposure to DFDV UK and will not have any role in its future operations or strategic direction.

Peers Comparison

Key metrics vs top competitors for DeFi Development Corp. (DFDV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DFDV logoDFDVDeFi Development Corp.Current
$3.19$96.08M-0.80442.28%-648.06%-143.61%—
MSTR logoMSTRStrategy Inc
$97.36$32.51B-6.392.97%-2519.39%-24.09%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$12.48$3.2B11.14102.21%-67.66%-29.93%—
HUT logoHUTHut 8 Corp.
$96.74$10.89B-45.21-90.71%—-17.66%—

Compare DFDV vs Peers

DeFi Development Corp. (DFDV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSTR

Most directly comparable listed peer for DFDV.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare DFDV against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSTR, MARA, RIOT, CLSK

DFDV SEC Filings & Documents

DeFi Development Corp. (DFDV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 30, 2026·SEC

FY 2025

Mar 27, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 19, 2026·SEC

FY 2025

Nov 19, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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DFDV Frequently Asked Questions

DeFi Development Corp. (DFDV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is DeFi Development Corp.'s revenue?

DeFi Development Corp. (DFDV) reported $13.8M in revenue for fiscal year 2025. This represents a 782% increase from $1.6M in 2020.

How fast is DeFi Development Corp. growing?

DeFi Development Corp. (DFDV) grew revenue by 442.3% over the past year. This is strong growth.

Is DFDV profitable?

DeFi Development Corp. (DFDV) reported a net loss of $156.4M for fiscal year 2025.

Dividend & Returns
What is DFDV's return on equity?

DeFi Development Corp. (DFDV) has a return on equity (ROE) of -143.6%. Negative ROE indicates the company is unprofitable.

What is DeFi Development Corp.'s free cash flow?

DeFi Development Corp. (DFDV) had negative free cash flow of $30.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in DFDV back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →