DeFi Development Corp. (DFDV)
DeFi Development Corp. (DFDV) operates an AI-driven digital platform designed to centralize and enhance the commercial real estate (CRE) industry. It supplies multifamily and commercial property professionals with essential data, specialized software subscriptions, and bespoke value-added services. Beyond its core operations, DFDV has adopted an innovative, cryptocurrency-centric treasury strategy; a significant portion of its primary treasury assets is allocated to Solana (SOL), thereby offering investors indirect economic participation in the burgeoning Solana ecosystem.
Sector: Finance Services
Industry: Asset Management
DeFi Development Corp.
NASDAQ:DFDVFinancial Services · Asset Management
+5.68%$3.35
CLOSED · Nov 6Prev close$3.17+5.68%Close$3.35+0.30%AH close$3.36
AH$3.36+0.30%vs close
Mkt Cap$109.28M
Float26.54M
O/S32.62M
VOL1.17M sh
$ Vol$3.79M
RVOL0.84×
Inst Own13.9%
SI25.1%
EarningsNov 11 · in 2d
Dilution
Financials Summary
Revenue$11.39M
Net Income-$73.79M
Total Assets$307.41M
Free Cash Flow-$17.97M
Debt & Equity
Debt 56%
Equity 44%
Total Debt$127.47M
Total Equity$99.26M
Shares Outstanding
Short Interest
Split History1 split · 1 stock dividend or distribution not shown
- 7:1Forward splitMay 21, 20251 share → 7
Balance Sheet Details
Assets$307.41M
Liabilities$208.15M
Accounts Receivable$52K
Accounts Payable$6.82M
Inventory$0
PP&E (Net)$0
Goodwill$607K
Intangible Assets$3.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $11.39M | $2.1M | $2M | $2.15M | $1.98M | $1.56M |
| YoY Growth | 442.3% | 4.8% | -6.9% | 8.6% | 26.9% | - |
| Cost of Revenue | $249K | $32K | $0 | $0 | $0 | $0 |
| Gross Profit | $11.14M | $2.07M | $2M | $2.15M | $1.98M | $1.56M |
| Gross Margin | 97.8% | 98.5% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $1.14M | $655K | $792K | $427K | $38K | $111K |
| Selling, General, and Administrative | $16.57M | $4.11M | $4.62M | $3.44M | $3M | $1.06M |
| Other | $1.04M | $307K | $912 | $15K | $14K | $0 |
| Total Operating Expenses | $18.76M | $5.07M | $5.41M | $3.87M | $3.04M | $1.17M |
| Operating Income (EBIT) | -$7.63M | -$3M | -$3.4M | -$1.72M | -$1.06M | $393K |
| Operating Margin | -67.0% | -143.0% | -170.0% | -80.0% | -53.3% | 25.2% |
| Interest Expense | $8.93M | $0 | $0 | $0 | $160 | $94K |
| Interest Income | $0 | $156K | $141K | $9K | $2K | $602 |
| Other Income (Expense) | -$66.15M | $277K | $31K | $449K | -$562K | -$74K |
| Income Before Tax (EBT) | -$73.78M | -$2.73M | -$3.37M | -$1.27M | -$1.62M | $319K |
| Income Tax Expense | $9K | $0 | $0 | -$9K | $0 | $0 |
| Net Income | -$73.79M | -$2.73M | -$3.37M | -$1.26M | -$1.62M | $319K |
| Net Income Margin | -648.1% | -129.9% | -168.4% | -58.7% | -81.6% | 20.4% |
| Supplementary Data | ||||||
| EPS | -4.00 | -0.28 | -0.46 | -0.14 | -0.18 | 0.04 |
| Diluted EPS | -4.00 | -0.28 | -0.46 | -0.14 | -0.18 | 0.04 |
| Weighted Average OS | 18.45M | 9.77M | 7.40M | 8.74M | 8.74M | 8.74M |
| EBITDA | -$63.8M | -$2.7M | -$3.37M | $459K | -$1.62M | $432K |
| EBITDA Margin | -560.4% | -128.4% | -168.4% | 21.3% | -81.6% | 27.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $5.92M | $2.52M | $5.08M | $981K | $1.71M | $416K |
| Short-Term Investments | $3.67M | $340K | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.6M | $2.86M | $5.08M | $981K | $1.71M | $416K |
| Accounts Receivable | $52K | $195K | $86K | $38K | $130K | $300K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $112.28M | $114K | $0 | $0 | $0 | $0 |
| Total Current Assets | $121.93M | $3.27M | $5.29M | $1.03M | $1.84M | $722K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $54K | $91K | $110K | $0 | $0 |
| Goodwill | $607K | $607K | $607K | $0 | $0 | $0 |
| Intangible Assets | $3.02M | $378K | $676K | $16K | $16K | $16K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $181.86M | $62K | $18K | $184K | $2K | $2K |
| Total Long-Term Assets | $185.48M | $1.1M | $1.39M | $310K | $19K | $19K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $307.41M | $4.38M | $6.68M | $1.34M | $1.86M | $740K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $6.82M | $340K | $539K | $159K | $83K | $29K |
| Short-Term Debt | $107K | $14K | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $82K | $239K | $83K | -$159K | $0 | $0 |
| Other Current Liabilities | $73.78M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $80.79M | $593K | $675K | $205K | $83K | $29K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $127.36M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $102K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $179K | $179K | $540K | $1.36M | $845K |
| Total Long-Term Liabilities | $127.36M | $281K | $193K | $607K | $1.36M | $845K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $208.15M | $874K | $868K | $812K | $1.44M | $874K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $14 | $110 | $71 | $68 | $0 |
| Retained Earnings | -$91.77M | -$9.37M | -$6.64M | -$3.27M | -$2.01M | -$134K |
| Comprehensive Income & Other | -$27K | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $191.03M | $12.87M | $12.46M | $3.79M | $2.43M | $0 |
| Total Equity | $99.26M | $3.5M | $5.82M | $525K | $419K | -$134K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $307.41M | $4.38M | $6.68M | $1.34M | $1.86M | $740K |
| Supplementary Data | ||||||
| Total Debt | $127.47M | $14K | $67K | $113K | $0 | $0 |
| Net Debt | $121.55M | -$2.5M | -$5.01M | -$869K | -$1.71M | -$416K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$73.79M | -$2.73M | -$3.37M | -$1.26M | -$1.62M | $319K |
| Depreciation & Amortization | $1.04M | $224K | $912 | $1.72M | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.67M | $413K | $1.49M | $530K | $1.09M | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$605K | -$151K | -$48K | $72K | -$68K | -$20K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $5.88M | -$199K | $380K | $80K | $53K | -$21K |
| Other Working Capital | $1.01M | $279K | -$132K | -$10K | $3K | -$8K |
| Total Working Capital Change | $6.29M | -$72K | $200K | $142K | -$11K | -$50K |
| Other Non-Cash Items | $46.82M | -$257K | $120K | -$2.15M | $600K | $94K |
| Net Cash from Operating | -$17.97M | -$2.42M | -$1.57M | -$1.02M | $66K | $363K |
| Investing Activities | ||||||
| Capital Expenditures | -$2K | -$20K | -$29K | $0 | $0 | -$16K |
| Acquisitions | $0 | $0 | -$60K | $0 | $0 | $0 |
| Purchases of Investments | -$2.32M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$219.22M | -$3K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$221.54M | -$22K | -$89K | $0 | $0 | -$16K |
| Financing Activities | ||||||
| Debt Repaid | -$148.91M | - | - | - | - | - |
| Common Stock Issuance | $188.52M | $0 | $5.65M | $166K | $1.1M | $0 |
| Common Stock Repurchases | -$87.16M | -$5K | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$67K | -$529K |
| Other Financing Activities | -$6.99M | -$112K | -$899K | $132K | $192K | $579K |
| Net Cash from Financing | $242.91M | -$118K | $5.75M | $298K | $1.23M | $50K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.4M | -$2.56M | $4.09M | -$726K | $1.29M | $396K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$17.97M | -$2.42M | -$1.57M | -$1.02M | $66K | $363K |
| Capital Expenditure | -$2K | -$20K | -$29K | $0 | $0 | -$16K |
| Free Cash Flow | -$17.97M | -$2.44M | -$1.6M | -$1.02M | $66K | $347K |
| Cash at Beginning | $2.52M | $5.08M | $981K | $1.71M | $416K | $19K |
| Cash at End | $5.92M | $2.52M | $5.08M | $981K | $1.71M | $416K |