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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
−80.0% −170.0% −143.0% −319.7%
n/a n/a −129.9% −648.0%
−58.7% −168.4% −129.9% −648.1%
−47.6% −79.7% −116.2% −157.8%
Spending
19.8% 39.5% 31.2% 10.0%
84.6% 131.8% 124.4% 125.9%
0.0% 1.5% 1.1% 0.0%
Returns
−240.1% −58.0% −77.9% −74.3%
−94.4% −50.5% −62.3% −24.0%
Balance and payout
n/a n/a 0.00 1.28
60.7% 13.0% 20.0% 67.7%