Defi Development Corporation (DFDV)
NASDAQ:DFDV
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DeFi Development Corporation
(NASDAQ:DFDV)
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Rating:45Neutral
Price Target:
$4.00
▼(-16.14% Downside)
Action:Reiterated
Date:05/20/26
The score is held down primarily by very weak financial performance (large losses and sustained cash burn despite strong gross margins and revenue growth). Technicals are neutral-to-mixed with a weak longer-term trend, and valuation metrics provide limited support due to unprofitability and no dividend yield data.
Positive Factors
Very High Gross Margins
Exceptionally high gross margins (≈97–100%) provide durable operating leverage typical of software and staking businesses. As recurring revenue scales, these margins can convert growth into operating profit more efficiently, enabling a credible path to sustainable profitability if operating expenses are controlled.
Negative Factors
Severe Cash Burn
Persistent negative operating and free cash flow (TTM -$27.0M) erodes runway and forces dependence on external financing. This structural cash deficit limits the company's ability to invest in growth, increases dilution risk from equity raises, and makes execution contingent on continued capital access.
Read all positive and negative factors
Positive Factors
Negative Factors
Very High Gross Margins
Exceptionally high gross margins (≈97–100%) provide durable operating leverage typical of software and staking businesses. As recurring revenue scales, these margins can convert growth into operating profit more efficiently, enabling a credible path to sustainable profitability if operating expenses are controlled.
Read all positive factors
DeFi Development Corporation (DFDV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$122.58M
Dividend YieldN/A
Average Volume (3M)839.17K
Price to Earnings (P/E)―
Beta (1Y)15.75
Revenue Growth596.62%
EPS Growth-1642.34%
CountryUS
Employees14
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-7.10
Shares Outstanding30,118,204
10 Day Avg. Volume806,541
30 Day Avg. Volume839,171
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.94
Price to Sales (P/S)8.18
P/FCF Ratio-5.19
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue8.64
Enterprise Value/Gross Profit8.86
Enterprise Value/Ebitda-1.78
Forecast
1Y Price Target
$7.00Price Target Upside46.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.03
Revenue Forecast (FY)$14.80M
DeFi Development Corporation Business Overview & Revenue Model
Company Description
DeFi Development Corp. is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-added services to multifamily and commercial property professionals. The compa...
How the Company Makes Money
null...
DeFi Development Corporation Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
30
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.76M | 11.39M | 2.10M | 2.00M | 2.15M | 1.98M |
| Gross Profit | 13.42M | 11.14M | 2.07M | 2.00M | 2.15M | 1.98M |
| EBITDA | -66.91M | -63.80M | -2.70M | -3.37M | -1.24M | -1.62M |
| Net Income | -156.40M | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
Balance Sheet | ||||||
| Total Assets | 229.72M | 307.41M | 4.38M | 6.68M | 1.34M | 1.86M |
| Cash, Cash Equivalents and Short-Term Investments | 4.24M | 9.60M | 2.86M | 5.08M | 981.13K | 1.71M |
| Total Debt | 127.78M | 127.47M | 13.93K | 66.66K | 112.57K | 0.00 |
| Total Liabilities | 219.52M | 208.15M | 873.84K | 867.85K | 811.53K | 1.44M |
| Stockholders Equity | 10.19M | 99.26M | 3.50M | 5.82M | 525.38K | 419.31K |
Cash Flow | ||||||
| Free Cash Flow | -30.72M | -17.97M | -2.44M | -1.60M | -1.02M | 65.84K |
| Operating Cash Flow | -27.00M | -17.97M | -2.42M | -1.57M | -1.02M | 65.84K |
| Investing Cash Flow | -205.35M | -221.54M | -22.31K | -89.05K | 0.00 | 0.00 |
| Financing Cash Flow | 234.23M | 242.91M | -117.54K | 5.75M | 297.52K | 1.23M |
DeFi Development Corporation Technical Analysis
Negative
4.77
Price Trends
4.25
Negative
4.63
Negative
8.45
Negative
Market Momentum
0.03
Positive
44.02
Neutral
12.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFDV, the sentiment is Negative. The current price of 4.77 is above the 20-day moving average (MA) of 4.46, above the 50-day MA of 4.25, and below the 200-day MA of 8.45, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 12.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DFDV.
DeFi Development Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $460.20M | -8.32 | -27.17% | ― | 13.32% | 61.29% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $218.04M | -11.80 | -128.96% | ― | -1.34% | 32.15% | |
49 Neutral | $302.36M | -5.42 | -40.48% | ― | 16.83% | 66.05% | |
46 Neutral | $138.59M | -2.92 | -46.05% | ― | 33.59% | 34.17% | |
45 Neutral | $122.58M | -0.26 | -144.52% | ― | 596.62% | -1642.34% | |
44 Neutral | $105.70M | -2.99 | -80.28% | ― | 8.95% | 59.41% |
* Technology Sector Average
DFDV
DeFi Development Corporation
4.07
-22.65
-84.77%
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DeFi Development Corporation Corporate Events
Business Operations and StrategyPrivate Placements and Financing
DeFi Development Launches ATM Equity Program for Expansion
Positive
May 1, 2026
On May 1, 2026, DeFi Development Corp. signed a sales agreement with R.F. Lafferty Co., Inc. that allows the company to issue and sell up to $200 million of its common stock from time to time in at-the-market offerings under an effective shelf re...
Business Operations and StrategyExecutive/Board Changes
DeFi Development Reshapes Strategy with Executive Exit, Wind-Down
Negative
Apr 6, 2026
DeFi Development Corp. disclosed that on April 1, 2026 it entered into a separation agreement with Chief Commercial Officer and director Blake Janover, formalizing the end of his employment as of March 31, 2026 while he remains on the board. Under...
Business Operations and StrategyExecutive/Board Changes
DeFi Development Adds Veteran CFO to Board for Growth
Positive
Apr 6, 2026
On April 6, 2026, DeFi Development Corp., the first U.S. public company to pursue a Solana-focused treasury strategy, appointed former Walmart executive and VIZIO chief financial officer Adam Townsend to its board of directors, emphasizing his exp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.