NASDAQ : DFDV
DeFi Development Corp. — Financial statements
Financials · Asset Management · United States
Last price 3.85 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 125.59M
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Financial statements
DeFi Development Corp. (DFDV) reported revenue of 15.09M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 15.09M | 11.39M | 2.10M | 2.00M | 2.15M | 1.98M |
| Cost of Revenue | 339.00K | 249.00K | 32.00K | |||
| Gross Profit | 14.75M | 11.14M | 2.07M | 2.00M | 2.15M | 1.98M |
| Selling, General & Admin | 20.65M | 16.57M | 4.11M | 4.62M | 3.44M | 2.76M |
| Research & Development | 884.00K | 1.14M | 655.00K | 792.13K | 426.83K | 280.93K |
| Other Operating Expenses | 120.74M | 26.99M | ||||
| Operating Expenses | 143.54M | 45.62M | 5.07M | 5.41M | 3.87M | 3.04M |
| Operating Income | -128.79M | -34.49M | -3.00M | -3.40M | -1.72M | -1.06M |
| Interest Expense | -14.55M | -8.93M | -160.00 | |||
| Interest & Investment Income | 140.72K | 9.24K | 1.86K | |||
| Other Non Operating Income (Expenses) | -29.30M | -24.60M | 162.00K | -109.62K | 449.48K | -563.61K |
| EBT Excluding Unusual Items | -173.62M | -68.02M | -2.84M | -3.37M | -1.26M | -1.62M |
| Gain (Loss) on Sale of Investments | -4.75M | -3.85M | 114.00K | |||
| Gain (Loss) on Sale of Assets | -1.96M | -1.96M | ||||
| Asset Writedown | -133.50K | -133.50K | ||||
| Other Unusual Items | -19.85M | 179.00K | ||||
| Pretax Income | -200.31M | -73.78M | -2.73M | -3.37M | -1.26M | -1.62M |
| Income Tax Expense | -1.19M | 9.00K | ||||
| Net Income | -199.12M | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
| Net Income to Common | -199.12M | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
| Shares Outstanding (Basic) | 25.82M | 18.45M | 9.77M | 7.40M | 6.02M | 5.82M |
| Shares Outstanding (Diluted) | 25.82M | 18.45M | 9.77M | 7.40M | 6.02M | 5.82M |
| EPS (Basic) | -7.71 | -4.00 | -0.28 | -0.46 | -0.21 | -0.28 |
| EPS (Diluted) | -7.74 | -4.00 | -0.28 | -0.46 | -0.21 | -0.28 |
| Free Cash Flow | -30.02M | -17.97M | -2.44M | -1.60M | -1.02M | 65.84K |
| Free Cash Flow Per Share | -1.16 | -0.97 | -0.25 | -0.22 | -0.17 | 0.01 |
| Gross Margin | 97.75% | 97.81% | 98.48% | 100.00% | 100.00% | 100.00% |
| Operating Margin | -853.41% | -302.88% | -143.00% | -169.98% | -79.98% | -53.27% |
| Profit Margin | -1,319.45% | -648.06% | -129.86% | -168.42% | -58.66% | -81.63% |
| Free Cash Flow Margin | -198.91% | -157.82% | -116.24% | -79.70% | -47.59% | 3.32% |
| EBITDA | -127.25M | -33.31M | -2.70M | -3.40M | ||
| EBITDA Margin | -292.53% | -128.38% | -169.93% | |||
| D&A For EBITDA | 1.54M | 1.18M | 307.00K | 912.00 | ||
| EBIT | -128.79M | -34.49M | -3.00M | -3.40M | -1.72M | -1.06M |
| EBIT Margin | -143.00% | -169.98% | -79.98% | -53.27% | ||
| Advertising Expenses | 703.60K | 125.00K | 123.98K | 353.35K | 213.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.33M | 5.92M | 2.52M | 5.08M | 981.12K | 1.71M |
| Short-Term Investments | 1.95M | 3.67M | 340.00K | |||
| Cash & Short-Term Investments | 6.29M | 9.60M | 2.86M | 5.08M | 981.12K | 1.71M |
| Accounts Receivable | 52.00K | 195.00K | 86.14K | 38.29K | 110.63K | |
| Other Receivables | 19.82K | |||||
| Receivables | 52.00K | 195.00K | 86.14K | 38.29K | 130.45K | |
| Prepaid Expenses | 433.00K | 109.00K | 130.43K | 7.57K | 2.39K | |
| Other Current Assets | 108.36M | 111.85M | 114.00K | |||
| Total Current Assets | 114.65M | 121.93M | 3.27M | 5.29M | 1.03M | 1.84M |
| Property, Plant & Equipment | 41.00K | 90.92K | 109.66K | |||
| Goodwill | 607.00K | 607.00K | 607.00K | 606.67K | ||
| Other Intangible Assets | 2.30M | 3.02M | 378.00K | 675.96K | 16.18K | 16.18K |
| Long-Term Accounts Receivable | 42.00K | |||||
| Long-Term Deferred Charges | 177.22K | |||||
| Other Long-Term Assets | 85.78M | 181.86M | 33.00K | 18.11K | 6.88K | 2.39K |
| Total Assets | 203.33M | 307.41M | 4.38M | 6.68M | 1.34M | 1.86M |
| Accounts Payable | 4.96M | 6.57M | 340.00K | 539.14K | 159.38K | 82.68K |
| Accrued Expenses | 256.00K | |||||
| Short-Term Debt | 107.00K | |||||
| Current Portion of Leases | 52.73K | 45.52K | ||||
| Current Unearned Revenue | 82.00K | 239.00K | 83.23K | |||
| Other Current Liabilities | 89.85M | 73.78M | 14.00K | |||
| Total Current Liabilities | 94.80M | 80.79M | 593.00K | 675.10K | 204.90K | 82.68K |
| Long-Term Debt | 120.56M | 127.36M | ||||
| Long-Term Leases | 13.93K | 67.06K | ||||
| Long-Term Unearned Revenue | 102.00K | |||||
| Other Long-Term Liabilities | 179.00K | 178.82K | 539.58K | 1.36M | ||
| Total Liabilities | 215.37M | 208.15M | 874.00K | 867.85K | 811.53K | 1.44M |
| Common Stock | 14.00 | 71.00 | 68.00 | |||
| Additional Paid-In Capital | 212.56M | 202.58M | 12.87M | 12.46M | 3.79M | 2.43M |
| Retained Earnings | -202.57M | -91.77M | -9.37M | -6.64M | -3.27M | -2.01M |
| Treasury Stock | -22.02M | -11.52M | ||||
| Comprehensive Income & Other | -27.00K | |||||
| Shareholders' Equity | -12.03M | 99.26M | 3.50M | 5.82M | 525.38K | 419.31K |
| Total Liabilities & Equity | 203.33M | 307.41M | 4.38M | 6.68M | 1.34M | 1.86M |
| Total Debt | 120.56M | 127.47M | 66.66K | 112.57K | ||
| Net Cash (Debt) | -114.28M | -117.87M | 2.86M | 5.01M | 868.55K | 1.71M |
| Net Cash Per Share | -4.43 | -6.39 | 0.29 | 0.68 | 0.14 | 0.29 |
| Filing Date Shares Outstanding | 31.00M | 29.50M | 10.00M | 9.68M | 6.19M | 46.36M |
| Total Common Shares Outstanding | 30.58M | 29.89M | 9.91M | 9.67M | 6.18M | 46.36M |
| Working Capital | 19.85M | 41.14M | 2.68M | 4.62M | 822.08K | 1.76M |
| Book Value Per Share | -0.39 | 3.32 | 0.35 | 0.60 | 0.08 | 0.01 |
| Tangible Book Value | -14.94M | 95.63M | 2.52M | 4.53M | 509.20K | 403.13K |
| Tangible Book Value Per Share | -0.49 | 3.20 | 0.25 | 0.47 | 0.08 | 0.01 |
| Machinery | 29.05K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -199.12M | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
| Depreciation & Amortization | 1.54M | 1.18M | 307.00K | 912.00 | ||
| Other Amortization | 2.27M | 1.68M | ||||
| Loss (Gain) From Sale of Assets | 1.96M | 1.96M | ||||
| Asset Writedown & Restructuring Costs | -133.50K | -133.50K | ||||
| Loss (Gain) From Sale of Investments | 5.61M | 3.85M | -114.00K | |||
| Stock-Based Compensation | 3.11M | 1.67M | 413.00K | 1.49M | 529.93K | 1.12M |
| Other Operating Activities | 155.30M | 39.33M | -226.00K | 119.83K | -434.22K | 577.37K |
| Change in Accounts Receivable | 328.00K | -605.00K | -151.00K | -47.85K | 72.34K | -68.04K |
| Change in Accounts Payable | 1.64M | 5.88M | -199.00K | 379.76K | 79.61K | 53.36K |
| Change in Unearned Revenue | -347.00K | 787.00K | 258.00K | -5.38K | ||
| Change in Other Net Operating Assets | -2.18M | 221.00K | 21.00K | -126.48K | -9.65K | 3.42K |
| Operating Cash Flow | -30.02M | -17.97M | -2.42M | -1.57M | -1.02M | 65.84K |
| Capital Expenditures | -2.00K | -23.00K | -29.05K | |||
| Cash Acquisitions | -60.00K | |||||
| Divestitures | -1.25M | -1.25M | ||||
| Sale (Purchase) of Intangibles | -1.00K | -645.00K | ||||
| Investment in Securities | -3.37M | -2.32M | ||||
| Other Investing Activities | -129.09M | -217.33M | ||||
| Investing Cash Flow | -133.71M | -221.54M | -23.00K | -89.05K | ||
| Long-Term Debt Issued | 148.91M | |||||
| Short-Term Debt Repaid | -373.00K | |||||
| Total Debt Repaid | -427.00K | -373.00K | ||||
| Net Debt Issued (Repaid) | 117.49M | 148.54M | ||||
| Issuance of Common Stock | 104.03M | 134.78M | 1.00K | 5.65M | 451.99K | 1.29M |
| Repurchase of Common Stock | -22.18M | -11.52M | -5.00K | |||
| Common Dividends Paid | -66.50K | |||||
| Other Financing Activities | -33.75M | -28.89M | -114.00K | -898.90K | -154.47K | |
| Financing Cash Flow | 165.60M | 242.91M | -118.00K | 5.75M | 297.52K | 1.23M |
| Net Cash Flow | 1.86M | 3.40M | -2.56M | 4.09M | -726.14K | 1.29M |
| Free Cash Flow | -30.02M | -17.97M | -2.44M | -1.60M | -1.02M | 65.84K |
| Free Cash Flow Margin | -198.91% | -157.82% | -116.24% | -79.70% | -47.59% | 3.32% |
| Free Cash Flow Per Share | -1.16 | -0.97 | -0.25 | -0.22 | -0.17 | 0.01 |
| Levered Free Cash Flow | -98.38M | -55.08M | -1.41M | -378.48K | -381.62K | 683.90K |
| Unlevered Free Cash Flow | -91.56M | -51.17M | -1.41M | -378.48K | -381.62K | 684.00K |
| Cash Interest Paid | 3.77M | 358.00K | 3.00K | 160.00 | ||
| Cash Income Tax Paid | 271.00K | 2.00K | ||||
| Change in Working Capital | -564.00K | 6.29M | -71.00K | 200.05K | 142.31K | -11.26K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 107.65M | 158.58M | 6.87M | 10.29M | ||
| Enterprise Value | 221.93M | 280.11M | 3.95M | 4.56M | ||
| Last Close Price | 3.30 | 5.05 | 0.69 | 1.18 | ||
| PS Ratio | 7.13 | 13.93 | 3.27 | 5.14 | ||
| PB Ratio | 1.60 | 1.96 | 1.77 | |||
| P/TBV Ratio | 1.66 | 2.73 | 2.27 | |||
| EV/Sales Ratio | 14.71 | 24.60 | 1.88 | 2.28 | ||
| Debt / Equity Ratio | -10.02 | 1.28 | 0.01 | 0.21 | ||
| Net Debt / Equity Ratio | -9.50 | 1.19 | -0.82 | -0.86 | -1.65 | -4.07 |
| Net Debt / EBITDA Ratio | -0.90 | -3.54 | 1.06 | 1.47 | ||
| Net Debt / FCF Ratio | -3.81 | -6.56 | 1.17 | 3.14 | 0.85 | -25.93 |
| Asset Turnover | 0.10 | 0.07 | 0.38 | 0.50 | 1.35 | 1.52 |
| Quick Ratio | 0.07 | 0.12 | 5.15 | 7.65 | 4.97 | 22.23 |
| Current Ratio | 1.21 | 1.51 | 5.52 | 7.84 | 5.01 | 22.26 |
| Return on Equity (ROE) | -589.29% | -143.61% | -58.53% | -106.41% | -267.11% | -1,134.33% |
| Return on Assets (ROA) | -51.84% | -13.83% | -33.94% | -53.06% | -67.30% | -50.77% |
| Return on Capital Employed (ROCE) | -118.70% | -15.20% | -79.40% | -56.70% | -152.00% | -59.40% |
| Earnings Yield | -234.54% | -46.53% | -39.72% | -32.77% | ||
| FCF Yield | -27.89% | -11.33% | -35.55% | -15.51% | ||
| Buyback Yield / Dilution | -110.50% | -88.97% | -32.05% | -22.80% | -3.43% |