DeFi Development Corp.

DFDV

DFDVDeFi Development Corp. US flag

NASDAQ Global Market

3.12

USD

-0.17

- -

93.82MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	2	2	2	2	2	11
+ Sales & Services Revenue	2	2	2	2	2	11
- Cost of Revenue	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	2	2	11
+ Other Operating Income	-2	-2	-2	- -	- -	- -
- Operating Expenses	1	3	4	5	5	19
+ Selling, General & Admin	1	3	3	5	4	17
+ Research & Development	- -	- -	- -	1	1	1
+ Other Operating Expense	- -	- -	- -	- -	- -	1
Operating Income (Loss)	- -	-1	-2	-3	-3	-8
- Non-Operating (Income) Loss	- -	1	- -	- -	- -	66
+ Interest Expense, Net	- -	- -	- -	- -	- -	9
+ Interest Expense	- -	- -	- -	- -	- -	9
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	1	- -	- -	- -	57
Pretax Income	- -	-2	-1	-3	-3	-74
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	-2	-1	-3	-3	-74
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	-2	-1	-3	-3	-74
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	- -	-2	-1	-3	-3	-74
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	-2	-1	-3	-3	-74
EBIT	- -	-1	-2	-3	-3	-8
EBITDA	- -	-1	-2	-3	-3	-7
EBITDA Margin (%)	25.2	-53.28	-79.98	-169.93	-128.38	-57.79
EBITA	- -	-1	-2	-3	-3	-8
Gross Margin (%)	100	100	100	100	98.48	97.81
Operating Margin (%)	25.2	-53.28	-79.98	-169.98	-143	-66.97
Profit Margin (%)	20.43	-81.63	-58.66	-168.42	-129.86	-648.06
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	0.06	0.01	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	1
Basic Weighted Avg Shares	9	9	9	7	10	18
Basic EPS, GAAP	0.03	-0.18	-0.14	-0.46	-0.28	-4
Basic EPS from Cont Ops	0.03	-0.18	-0.14	-0.46	-0.28	-4
Diluted Weighted Avg Shares	9	9	9	7	10	18
Diluted EPS, GAAP	0.03	-0.18	-0.14	-0.46	-0.28	-4
Diluted EPS from Cont Ops	0.03	-0.18	-0.14	-0.46	-0.28	-4

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	1	2	1	5	3	122
+ Cash, Cash Equivalents & STI	- -	2	1	5	3	10
+ Cash & Cash Equivalents	- -	2	1	5	3	6
+ ST Investments	- -	- -	- -	- -	- -	4
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	112
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	1	1	185
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	1	1	185
+ Total Intangible Assets	- -	- -	- -	1	1	4
+ Goodwill	- -	- -	- -	1	1	1
+ Other Intangible Assets	- -	- -	- -	1	- -	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	182
Total Assets	1	2	1	7	4	307
+ Payables & Accruals	- -	- -	- -	1	- -	7
+ Accounts Payable	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	1	- -	7
+ ST Debt	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	74
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	74
Total Current Liabilities	- -	- -	- -	1	1	81
+ LT Debt	- -	- -	- -	- -	- -	127
+ LT Borrowings	- -	- -	- -	- -	- -	127
+ LT Finance Leases	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	1	1	1	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1	1	1	- -	- -	- -
Total Noncurrent Liabilities	1	1	1	- -	- -	127
Total Liabilities	1	1	1	1	1	208
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	2	4	12	13	203
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	2	4	12	13	203
- Treasury Stock	- -	- -	- -	- -	- -	12
+ Retained Earnings	- -	-2	-3	-7	-9	-92
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	- -	1	6	4	99
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	- -	- -	1	6	4	99
Total Liabilities & Equity	1	2	1	7	4	307
Shares Outstanding	9	9	9	10	10	30
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -
Net Debt	- -	-2	-1	-5	-3	122
Net Debt to Equity	309.98	-407.16	-186.75	-87.27	-71.87	122.45
Tangible Common Equity Ratio	-20.76	21.88	38.55	83.93	74.23	31.48
Current Ratio	24.62	22.26	5.01	7.84	5.52	1.51
Cash Conversion Cycle	- -	- -	- -	- -	24.43	3.96

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	- -	-2	-1	-3	-3	-74
+ Depreciation & Amortization	- -	- -	- -	- -	- -	1
+ Non-Cash Items	- -	2	- -	2	- -	48
+ Stock-Based Compensation	- -	1	1	1	- -	2
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	- -	- -	- -	47
+ Chg in Non-Cash Work Cap	- -	- -	- -	- -	- -	6
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	6
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	- -	-1	-2	-2	-18
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	-217
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-217
+ Cash (Repurchase) of Equity	- -	1	- -	6	- -	48
+ Increase in Capital Stock	- -	1	- -	6	- -	135
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-87
+ Net Change in LT Investment	- -	- -	- -	- -	- -	-18
+ Dec in LT Investment	- -	- -	- -	- -	- -	2
+ Inc in LT Investment	- -	- -	- -	- -	- -	-20
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	-1
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	-1
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	15
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -	- -	-222
+ Dividends Paid	-1	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	149
+ Cash From Debt	- -	- -	- -	- -	- -	149
+ Repayments of Debt	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	1	- -	- -	- -	- -	47
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	1	- -	6	- -	243
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	1	-1	4	-3	3
EBITDA	- -	-1	-2	-3	-3	-7
EBITDA Margin (%)	25.2	-53.28	-79.98	-169.93	-128.38	-57.79
Free Cash Flow	- -	- -	-1	-2	-2	-235
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	1
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	-1	-2	-2	131
Free Cash Flow per Basic Share	0.04	0.01	-0.12	-0.22	-0.25	-12.75
Price/Free Cash Flow	- -	- -	- -	-5.67	-2.83	0.47
Cash Flow to Net Income	1.14	-0.04	0.81	0.46	0.89	0.24
Capital Expenditures	- -	- -	- -	- -	- -	-217