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Discontinued — last reported Q1 '26

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Segments

By segment

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Treasury$2.4M

By product

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Treasury$2.4M

Other financials

Income statement

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Gross profit$2.6M+814%
Operating income-$55.2M-6,154%
Net income-$83.4M-10,619%
EPS (diluted)-$3.18-3,875%

Balance sheet

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Cash & equivalents$3.7M+104%
Total debt$127.8M+226,535%
Total equity$10.2M+258%
Total assets$229.7M+5,425%

Cash flow

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Operating cash flow-$9.8M-1,151%
CapEx$500.0-95.0%
Free cash flow-$10.9M-5,681%

Valuation

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Market cap$139.49M-56.6%
Enterprise value$263.59M-22.7%
P/S10.1×-81.1×

Profitability

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Gross margin97.5%-0.9pp
Operating margin-659.3%-919pp
Net margin-1,136.4%-1,303pp
FCF margin-116.2%+98.4pp

Returns & leverage

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Return on equity-2,398.4%-2,467pp
Debt / equity12.5×+12.5×
Current ratio1.4×-1.5×

Where this comes from

Reported directly by DeFi Development Corp. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: DeFi Development Corp.’s 10-Q, filed May 19, 2026.

Filed
May 19, 2026, 5:29 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001805526-26-000040
(in thousands, except per share data)Three Months Ended March 31, 20262025
Revenue$2,664$287
Operating expenses:
Cost of revenue1037
General and administrative6,006543
Sales and marketing253465
Research and development141169
Depreciation and amortization35150
Net loss (gain) on digital assets51,030

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is DeFi Development Corp.'s total revenue?
DeFi Development Corp. (DFDV) reported total revenue of $2.66M in Q1 2026.
How has DeFi Development Corp.'s total revenue changed year-over-year?
DeFi Development Corp.'s total revenue increased by 827.7% year-over-year, from $287.17K to $2.66M.
What is the long-term trend for DeFi Development Corp.'s total revenue?
Over 3 years (2022 to 2025), DeFi Development Corp.'s total revenue has grown at a 74.3% compound annual growth rate (CAGR), from $2.15M to $11.39M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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