DeFi Development Corp.

DeFi Development Corp.

DFDV
DeFi Development Corp.US flagNASDAQ Global Market
3.12
USD
-0.17
- -
93.82MMarket Cap
DeFi Development Corp.
DFDV
(NASDAQ Global Market)

Recent

price

3.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
0.17
0.23
0.25
0.27
0.22
0.62
0.65
Revenue per Share
0.03
-0.18
-0.14
-0.46
-0.28
-4
-7.38
Basic EPS, GAAP
0.04
0.01
-0.12
-0.22
-0.25
-12.75
-11.7
Free Cash Flow per Basic Share
0.06
0.01
- -
- -
- -
- -
- -
Dividend per Share
- -
-0.23
-0.37
-0.9
-0.96
-4.97
-8.27
Book Value per Share
-0.02
0.05
0.06
0.61
0.26
5.18
0.33
Tangible Book Value per Share
9
9
9
7
10
18
21
Basic Weighted Avg Shares
2
2
2
2
2
11
14
Sales/Revenue/Turnover
25.2
-53.28
-79.98
-169.98
-143
-66.97
-78.97
Operating Margin (%)
- -
- -
- -
- -
- -
1
1
Depreciation Expense
- -
-2
-1
-3
-3
-74
-156
Net Income, GAAP
- -
- -
- -
- -
- -
- -
31.47
Effective Tax Rate (%)
20.43
-81.63
-58.66
-168.42
-129.86
-648.06
-1,136.38
Profit Margin (%)
1
2
1
5
3
41
36
Working Capital
- -
- -
- -
- -
- -
127
128
LT Debt
- -
- -
1
6
4
99
10
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
235.56
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
131
127
128
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
30
29
Market Capitalization
219
80
70

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
174
122
128
Cash, Cash Equivalents & STI
10
10
6
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
86
81
92
Payables & Accruals
6
7
6
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
662.85%
2,734.41%
Free Cash Flow
- -
1,582.41%
9,538.96%
Net Income, GAAP
- -
425.01%
2,605.83%
Sales/Revenue/Turnover
- -
95.12%
442.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1
1
2
2025
- -
2
5
4
11
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
-0.08
-0.05
-0.05
-0.28
2025
-0.08
1.09
2.41
- -
-4
2026
-3.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
DeFi Development Corp. (Nasdaq: DFDV) operates as the first publicly listed Digital Asset Treasury vehicle dedicated to accumulating, staking and compounding Solana (SOL) tokens to deliver shareholders direct economic exposure to the Solana ecosystem; it runs validator infrastructure for staking rewards and delegated stake fees, participates in decentralized finance (DeFi) opportunities including validator node operations like Dogwifhat, and issues tokenized equity such as DFDVx on Solana for enhanced liquidity, lending and composability; through its Treasury Accelerator program, the company seeds balance sheets, provides validator infrastructure and facilitates ecosystem integrations for international Solana-focused treasury projects. Founded in 2018 and headquartered in Boca Raton, Florida, the company targets institutional and retail investors seeking crypto-native equity aligned with SOL growth, with operations spanning the United States and global expansion via regional vehicles. Formerly known as Janover Inc., which provided real estate fintech platforms including Janover Pro for loan matchmaking, Janover Connect investor portal, Janover Engage equity marketplace and Janover AI, it rebranded to DeFi Development Corp. in April 2025 to pivot fully to its SOL-denominated treasury strategy. Recent developments include the acquisition of a Solana validator business in Q1 2025 to maximize staking yields; strategic purchases totaling over 2 million SOL valued at approximately $499 million as of September 2025, funded by equity raises; launches of international Treasury Accelerator projects such as DFDV KR in Korea with ZeroStack, DFDV UK, and DFDV JP in Japan via partnership with Superteam Japan in October 2025; collaborations with BitGo and Kraken for institutional SOL staking, Harmonic in December 2025 to optimize validator revenue through multi-builder systems, and backers including Kraken, Pantera Capital, Arrington Capital, Borderless Capital and RK Capital Management; executive open-market stock purchases in November 2025 signaling leadership conviction; and a dividend of warrants to stockholders in October 2025.

Company News

APIChat
  • DeFi Development Corp. Publishes Updated Investor Presentation

  • DeFi Development Pitches ‘Speedboat' Solana Strategy as Treasury Holdings Surge

  • DeFi Development Corp. to Host X Spaces Event: “DFDV April 2026 Recap & AMA”

  • DeFi Development Q1 Earnings Call Highlights

  • DeFi Development Corp. Reports Q1 2026 Results, Repurchases $4.4M of Convertibles at 41% Discount

  • DeFi Development Corp. Chief Strategy Officer to Speak at 21st Annual Needham Technology, Media, & Consumer Conference

  • DeFi Development Corp. Launches $200 Million At-The-Market Facility (ATM) to Buy More SOL

  • DeFi Development Corp. Announces Completion of April 2026 Community AMA

  • DeFi Development Corp. to Announce First Quarter 2026 Financial Results

  • DeFi Development Corp. Launches Updated Website, Standardizes Reporting on Fully Converted mNAV and SPS

  • DeFi Development Corp. To Make Strategic Equity Investment in Allied Architects, Inc. Under Treasury Accelerator Program

  • Exploring Digital Equity With These 3 Stocks

  • DeFi Development Corp. Chief Strategy Officer to Speak at the 2026 Centri Capital Conference

  • DeFi Development Corp. Releases March 2026 Recap Highlighting Strategic Execution, Research Expansion, and SPS Growth

  • DeFi Development Corp. Appoints Former Walmart Executive and VIZIO CFO Adam Townsend to Board of Directors

  • ServiceTitan (NASDAQ:TTAN) & DeFi Development (NASDAQ:DFDV) Head to Head Survey

  • DeFi Development Corp. to Host X Spaces Event: “DFDV March 2026 Recap & AMA + FY 2025 Earnings Breakdown”

  • DeFi Development Corp. Confirms No Exposure to Drift Protocol Following Recent Exploit

  • DeFi Development Corp. Reports +442% Revenue Growth for FY 2025

  • DeFi Development Corp. Announces Completion of March 2026 Community AMA