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DeFi Development Corp. DFDV Q3 2025 earnings

Reported November 18, 2025 · After market close

Revenue$4.6MBeat by $525.0KDiluted EPS$1.88Beat by $1.95
Revenue estimate$4.1M
EPS estimate-$0.07

Next report

Aug 12, 2026 (in a month)
Revenue estimate$3.1M
EPS estimate-$0.34

Financials

Q3 2025

Income statement

See full
Revenue$4.6M+647%
Gross profit$4.5M+643%
Operating income$72.1M+15,978%
Net income$56.0M+11,995%
EPS (diluted)$1.95+4,000%

Balance sheet

See full
Cash & equivalents$8.8M+218%
Total debt$132.0M—
Total equity$243.8M+6,063%
Total assets$480.0M+10,602%

Cash flow

See full
Operating cash flow-$5.0M-1,110%
CapEx$500.0—
Free cash flow-$5.0M-1,110%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$393.01M—
Enterprise value$516.19M—
P/E5.6×—
P/S52.2×—

Profitability

See full
Gross margin98.3%—
Operating margin1,165.4%+1,019pp
Net margin932.6%+799pp

Returns & leverage

See full
Return on equity56.7%+36.6pp
Debt / equity0.5×—
Current ratio2×-6.8×

Segments

By segment

See full
Treasury$3.8M—

By product

See full
Treasury$3.8M—

Versus estimates

Revenue

Q1 2026$2.7MMiss by $836.0KQ4 2025$4.5MBeat by $394.0K
Q3 2025$4.6MBeat by $525.0K
Q2 2025$2.0MBeat by $1.3MQ1 2025$287.2KQ4 2024$628.9K

Diluted EPS

Q1 2026-$3.18Miss by $2.94Q4 2025-$6.44Miss by $6.37
Q3 2025$1.88Beat by $1.95
Q2 2025-$0.18Miss by $0.16Q1 2025-$0.08Q4 2024-$0.28

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Questions, answered.

When did DeFi Development Corp. report Q3 2025 earnings?
DeFi Development Corp. (DFDV) reported Q3 2025 earnings on November 18, 2025 after market close.
What were DeFi Development Corp.'s Q3 2025 revenue and EPS?
DeFi Development Corp. reported revenue of $4.6M and diluted EPS of $1.88 for Q3 2025.
Did DeFi Development Corp. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $4.1M by $525.0K. EPS beat the consensus estimate of $-0.07 by $1.95.
How did DeFi Development Corp.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 647.6% from $618.7K a year earlier.
Where can I find DeFi Development Corp.'s Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001193125-25-286660) directly on SEC EDGAR. The filing index links above go to sec.gov.