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DeFi Development Corporation
(NASDAQ:DFDV)
DeFi Development Corporation (DFDV) vs. SPDR S&P 500 ETF (SPY)
DeFi Development Corporation Business Overview & Revenue Model
DeFi Development Corporation Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.53M | 2.10M | 2.00M | 2.15M | 1.98M | 1.56M |
| Gross Profit | 7.40M | 2.07M | 2.00M | 2.15M | 1.98M | 1.56M |
| EBITDA | 93.57M | -2.70M | -3.37M | -1.24M | -1.62M | 432.24K |
| Net Income | 70.19M | -2.73M | -3.37M | -1.26M | -1.62M | 319.02K |
Balance Sheet | ||||||
| Total Assets | 479.95M | 4.38M | 6.68M | 1.34M | 1.86M | 740.20K |
| Cash, Cash Equivalents and Short-Term Investments | 10.18M | 2.86M | 5.08M | 981.13K | 1.71M | 415.71K |
| Total Debt | 131.71M | 13.93K | 66.66K | 112.57K | 0.00 | 0.00 |
| Total Liabilities | 236.15M | 873.84K | 867.85K | 811.53K | 1.44M | 874.31K |
| Stockholders Equity | 243.80M | 3.50M | 5.82M | 525.38K | 419.31K | -134.11K |
Cash Flow | ||||||
| Free Cash Flow | -7.23M | -2.44M | -1.60M | -1.02M | 65.84K | 346.63K |
| Operating Cash Flow | -7.22M | -2.42M | -1.57M | -1.02M | 65.84K | 362.81K |
| Investing Cash Flow | -236.32M | -22.31K | -89.05K | 0.00 | 0.00 | -16.18K |
| Financing Cash Flow | 249.57M | -117.54K | 5.75M | 297.52K | 1.23M | 49.64K |
DeFi Development Corporation Technical Analysis
DeFi Development Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $227.78M | 3.12 | 56.66% | ― | 313.35% | ― | |
54 Neutral | $226.52M | -3.70 | -114.65% | ― | 11.89% | 34.27% | |
54 Neutral | $245.44M | -12.82 | -86.46% | ― | 1.88% | 53.31% | |
50 Neutral | $297.16M | -7.43 | -55.03% | ― | 15.73% | 40.14% | |
44 Neutral | $144.07M | -2.68 | -142.36% | ― | -34.35% | 20.88% | |
41 Neutral | $263.57M | -4.21 | -110.11% | ― | -44.07% | 25.75% |
DeFi Development Corporation Corporate Events
On January 5, 2026, DeFi Development Corp. issued a preliminary business update for the fourth quarter of 2025, reporting that during the quarter it increased its Solana per share (SPS) by 6.2% to 0.0743, an implied 24.6% annualized run rate, while holding 2,221,329 SOL and SOL equivalents, along with approximately $9 million in cash, stablecoins, and other readily convertible tokens as of January 1, 2026. The company disclosed that it had 29,892,800 shares outstanding as of January 1, 2026 after repurchasing 2,049,113 shares at an average price of $5.62 during the quarter, and estimated an annualized average organic yield of about 8.3% for Q4 2025 from staking, validator operations, and selective on‑chain deployments—figures that are preliminary and unaudited but underscore management’s focus on boosting SOL per share, reinforcing its treasury strategy, and potentially enhancing shareholder alignment ahead of more detailed fourth‑quarter and full‑year 2025 results to be provided in upcoming filings.
The most recent analyst rating on (DFDV) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
At its 2025 Annual Meeting of Stockholders held on December 18, 2025, DeFi Development Corp. secured shareholder approval for several measures aimed at expanding its equity compensation capacity and overall capital structure flexibility. Stockholders approved an amendment to the 2023 Equity Incentive Plan, increasing the pool of shares available for issuance by 1.5 million to a total of 5 million shares, and also approved a new 2025 Employee Stock Purchase Plan with an initial 250,000-share reserve and an automatic annual share increase mechanism through 2035. In addition, investors ratified the appointment of Wolf & Company, P.C. as the independent auditor for 2025, re-elected five directors to the board, and passed charter amendments significantly raising the company’s authorized common stock to 1 billion shares and authorized preferred stock to 1 billion shares, moves that collectively enhance the company’s ability to issue equity, fund operations, and use stock-based incentives to attract and retain employees and potentially pursue future financing or strategic transactions.
The most recent analyst rating on (DFDV) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
On November 12, 2025, DeFi Development Corp. released its third-quarter 2025 Shareholder Letter and Business Update, highlighting strong earnings and strategic initiatives. The company disclosed having 31,389,589 total shares outstanding and approximately $140.3 million in outstanding debt principal as of September 30, 2025. The announcement also included an updated FAQ regarding a previously announced warrant distribution, impacting stakeholders by providing detailed information on the terms of the warrants. This update reflects DeFi Development Corp.’s ongoing efforts to enhance transparency and engage with its investor community.
The most recent analyst rating on (DFDV) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
On October 22, 2025, DeFi Development Corporation announced a warrant distribution for its stockholders, which will be executed on or about October 27, 2025. This strategic move aims to align with stockholders by offering them warrants as a form of dividend, allowing them to maintain their ownership stake or sell the warrants for cash. The warrants, which have an exercise price of $22.50 per share, are expected to begin trading on the Nasdaq under the ticker symbol DFDVW. The company believes this approach will raise capital efficiently while rewarding current investors. The expiration date for these warrants is January 21, 2028, but they may expire earlier if certain conditions are met.
The most recent analyst rating on (DFDV) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
On October 16, 2025, DeFi Development Corp. announced the acquisition of 86,307 SOL at an average price of $110.91 per SOL, increasing its total SOL holdings by 4.7% to 2,195,926 SOL, valued at approximately $426 million. This strategic purchase is part of the company’s long-term plan to hold and stake SOL, generating native yield through its validators. The company also updated its outstanding share count to 28,888,178 as of October 15, 2025, with pre-funded warrants potentially increasing this to 31.9 million shares. This move reinforces the company’s commitment to maintaining and growing its SOL per share ratio, even with the impact of full warrant exercises.
The most recent analyst rating on (DFDV) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.