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DeFi Development Corp.

DFDV Clue Score50
United States Fiscal year ends December CIK 0001805526
$4.51 -1.53% Close, 9 Oct 2026
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Price $4.51 +333.65% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Jul 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue2.2Operating income−1.7Net income−1.3EPS, diluted−0.18Fiscal year 2023Revenue2.0 −6.9%Operating income−3.4Net income−3.4EPS, diluted−3.19Fiscal year 2024Revenue2.1 +4.8%Operating income−3.0Net income−2.7EPS, diluted−0.28Fiscal year 2025Revenue11.4 +442.2%Operating income−36.4Net income−73.8EPS, diluted−4.00
FY2022FY2023FY2024FY2025
Revenue 2.2 2.0 2.1 11.4
Growth −6.9% +4.8% +442.2%
Operating income −1.7 −3.4 −3.0 −36.4
Net income −1.3 −3.4 −2.7 −73.8
Growth
EPS, diluted −0.18 −3.19 −0.28 −4.00

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin−80.0%Net margin−58.7%Free cash flow margin−47.6%Fiscal year 2023Operating margin−170.0%Net margin−168.4%Free cash flow margin−79.7%Fiscal year 2024Operating margin−143.0%Net margin−129.9%Free cash flow margin−116.2%Fiscal year 2025Operating margin−319.7%Net margin−648.1%Free cash flow margin−157.8%
FY2022FY2023FY2024FY2025
Operating margin −80.0% −170.0% −143.0% −319.7%
Net margin −58.7% −168.4% −129.9% −648.1%
Free cash flow margin −47.6% −79.7% −116.2% −157.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−1.0Capital expenditure0.0Free cash flow−1.0Fiscal year 2023Operating cash flow−1.6Capital expenditure−0.0Free cash flow−1.6Fiscal year 2024Operating cash flow−2.4Capital expenditure−0.0Free cash flow−2.4Buybacks−0.0Fiscal year 2025Operating cash flow−18.0Capital expenditure−0.0Free cash flow−18.0Buybacks−11.5
FY2022FY2023FY2024FY2025
Operating cash flow −1.0 −1.6 −2.4 −18.0
Capital expenditure 0.0 −0.0 −0.0 −0.0
Free cash flow −1.0 −1.6 −2.4 −18.0
Growth
Buybacks n/a n/a −0.0 −11.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash1.0Shareholders’ equity0.5Fiscal year 2023Cash5.1Shareholders’ equity5.8Fiscal year 2024Cash2.5Total debt0.0Net cash (debt)2.5Shareholders’ equity3.5Debt to equity0.00Fiscal year 2025Cash5.9Total debt127.4Net cash (debt)−121.4Shareholders’ equity99.3Debt to equity1.28
FY2022FY2023FY2024FY2025
Cash 1.0 5.1 2.5 5.9
Total debt n/a n/a 0.0 127.4
Net cash (debt) n/a n/a 2.5 −121.4
Shareholders’ equity 0.5 5.8 3.5 99.3
Debt to equity n/a n/a 0.00 1.28

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024† 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
2.2 2.0 2.1 11.4
Growth −6.9% +4.8% +442.2%
n/a n/a 0.0 0.2
0.4 0.8 0.7 1.1
1.8 2.6 2.6 14.3
−1.7 −3.4 −3.0 −36.4
Growth
n/a n/a −2.7 −73.8
n/a n/a 0.0 0.0
−1.3 −3.4 −2.7 −73.8
Growth
Per share
−0.18 −3.19 −0.28 −4.00
−0.18 −3.19 −0.28 −4.00
Growth
6.9 1.1 9.8 18.5
6.9 1.1 9.8 18.5
Growth −84.7% +824.3% +89.0%

† The diluted share count jumps at 2023 and 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 4 of 4 years on file.