Saturday 17 October 2026 Export DFDV’s income statement to Excel — free account

DeFi Development Corp.

DeFi Development Corp.’s revenue for fiscal 2025 (year ended December 2025) was $11.4 million, up 442.2% from fiscal 2024. In the quarter to June 2026, revenue grew 66.9%, EPS fell 191.7%, free cash flow grew 110.7% and total debt rose 457.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

3.77 0.39 −9.38%

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Market cap: $135.7M
P/E: 0.0×
Fwd P/E: −0.8×
Dividend yield: —
F-score: 2/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.50

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	2	1	—	—	—	—	—	—	—	3	2	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 9.14%

Capital & Financial Ratios $m

Market Cap 135.70

Revenue 15.09

Net Income (199.12)

Free Cash Flow (144.10)

Net Debt 114.28

Current Ratio 1.27

Debt/Equity (10.02)

P/E ratio 0.00

Fwd P/E (0.84)

P/S ratio 6.83

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 23.25%

Next Y EPS Growth 86.64%

Next Y revenue growth 46.67%

Next 5Y EPS Growth 56.91%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 62.93%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5	3	10	6
Receivables	0	0	0	—
Inventory	—	—	—	—
Other	—	—	—	—
	5	3	10	6

	2023	2024	2025	Q'26
Payables	1	0	7	5
ST’ Debt	—	—	0	—
Other	—	—	—	—
	1	0	7	5

Compound Annual Growth %

	10y	5y	3y
Sales	—	48.79%	74.28%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	473.80%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3	3	—	—	—
’25	0	2	5	4	11
’24	0	0	1	1	2
’23	0	1	1	0	2
’22	—	1	1	0	2
’21	—	—	—	—	2

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(4)	—	—	—
’25	(1)	(1)	(5)	(11)	(18)
’24	(1)	(1)	0	0	(2)
’23	0	0	(1)	(1)	(2)
’22	—	0	0	0	(1)
’21	—	—	—	0	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7	7	—	—	—
’25	(1)	(63)	(161)	4	(220)
’24	(1)	(1)	0	0	(2)
’23	0	0	(1)	(1)	(2)
’22	—	0	0	0	(1)
’21	—	—	—	0	0

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(3.18)	(1.00)	—	—	—
’25	(0.08)	0.84	1.83	(7.63)	(4.00)
’24	(0.10)	(0.08)	(0.05)	(0.05)	(0.28)
’23	(0.03)	(0.07)	(0.19)	(0.14)	(0.46)
’22	—	(0.06)	(0.04)	0.03	(0.21)
’21	—	—	—	—	(0.28)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	0.80	0.48	0.53	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	6.29	1.69	53.88
People
People	Employees	—	—	—	—	—	—	28	39	26	16
	Revenue/emp, $m	—	—	—	—	0.00	0.00	0.08	0.05	0.08	0.71
Income, $m
Income, $m	Revenue	—	—	—	—	2	2	2	2	2	11
	Gross margin, %	—	—	—	—	0.00	100.00	100.00	100.00	98.48	97.81
	EBT	—	—	—	—	0	(2)	(1)	(3)	(3)	(74)
	EBT margin, %	—	—	—	—	20.43	(81.63)	(58.66)	(168.42)	(129.86)	(647.98)
	Net income	—	—	—	—	0	(2)	(1)	(3)	(3)	(74)
	Depreciation	—	—	—	—	—	—	—	0	0	3
Per share, $
Per share, $	Revenue	—	—	—	—	0.16	0.34	0.36	0.27	0.22	0.62
	Earnings	—	—	—	—	0.03	(0.28)	(0.21)	(0.46)	(0.28)	(4.00)
	Cash flow	—	—	—	—	0.04	0.01	(0.17)	(0.21)	(0.25)	(0.97)
	Capex	—	—	—	—	0.00	0.00	0.00	0.00	0.00	(10.96)
	Free cash flow	—	—	—	—	0.04	0.01	(0.17)	(0.22)	(0.25)	(11.94)
	Book value	—	—	—	—	(0.01)	0.07	0.09	0.79	0.36	5.38
	Shares, m	—	—	—	—	10	6	6	7	10	18
Valuation, ×
Valuation, ×	P/E	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	—	13.15	13.15	13.15	4.25	3.21	8.18
	P/B	—	—	—	—	24.33	24.33	24.33	1.46	1.92	0.94
	EV/Sales	—	—	—	—	12.43	12.43	12.43	1.75	1.89	18.54
	EV/FCF	—	—	—	—	(24.78)	(24.78)	(24.78)	(2.20)	(1.62)	(0.96)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	0	0	(1)	(2)	(2)	(18)
	Capex	—	—	—	—	0	—	—	0	0	(202)
	Free cash flow	—	—	—	—	0	0	(1)	(2)	(2)	(220)
Balance, $m
Balance, $m	Working capital	—	—	—	—	1	2	1	5	3	3
	Total debt	—	—	—	—	—	—	0	—	—	127
	Net debt	—	—	—	—	0	(2)	(1)	(5)	(3)	118
	Shareholders’ equity	—	—	—	—	0	0	1	6	4	99
Returns, %
Returns, %	ROA	—	—	—	—	0.00	(124.48)	(78.96)	(84.13)	(49.31)	(47.33)
	ROIC	—	—	—	—	0.00	0.00	0.00	(287.42)	(290.99)	(10.48)
	ROE	—	—	—	—	0.00	(1,134.29)	(267.11)	(106.41)	(58.53)	(143.61)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TPVG TriplePoint Venture Growth BDC Corp.	$183.2M	4.5×	6.2×	−4.86% (below 0%: shrinking)	−21.21% (below 0%: shrinking)	+232.34% (above 0%: growing)	100.00%	75.98%	Compare
WHG Westwood Holdings Group Inc	$181.4M	20.0×	— (loss-making)	+9.62% (above 0%: growing)	+50.00% (above 0%: growing)	−58.51% (below 0%: shrinking)	100.00%	8.14%	Compare
NSLR Neostellar Capital Corp.	$181.1M	1.3×	2.9×	+79.14% (above 0%: growing)	n/m	−171.41% (below 0%: shrinking)	100.00%	(7,413.51%)	Compare
WHF WhiteHorse Finance, Inc.	$164.5M	9.6×	8.9×	−23.72% (below 0%: shrinking)	+380.00% (above 0%: growing)	−159.82% (below 0%: shrinking)	100.00%	66.34%	Compare
SPMC Sound Point Meridian Capital, Inc.	$147.8M	— (loss-making)	—	—	+76.60% (above 0%: growing)	—	—	—	Compare
HSDT Solana Company	$142.7M	— (loss-making)	— (loss-making)	+5,774.42% (above 0%: growing)	n/m	−331.34% (below 0%: shrinking)	96.95%	(1,293.47%)	Compare
DFDV DeFi Development Corp.	$135.7M	— (loss-making)	— (loss-making)	+66.87% (above 0%: growing)	n/m	+110.69% (above 0%: growing)	99.37%	(689.20%)
EARN Ellington Credit Company	$127.1M	11.5×	13.0×	+8.08% (above 0%: growing)	n/m	+293.76% (above 0%: growing)	93.62%	30.14%	Compare
SAMG Silvercrest Asset Management Group Inc.	$126.3M	96.3×	22.0×	+0.36% (above 0%: growing)	−90.48% (below 0%: shrinking)	+0.46% (above 0%: growing)	100.00%	3.11%	Compare
Median of peers	$156.2M	10.6×	8.9×	+8.08%	+50.00%	−58.51%	100.00%	8.14%

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