Defi Development Corporation (DFDV)
NASDAQ:DFDV
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DeFi Development Corporation
(NASDAQ:DFDV)
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Rating:44Neutral
Price Target:
$3.50
▼(-3.85% Downside)
Action:ReiteratedDate:04/07/26
The score is held down primarily by weak financial performance (large losses and ongoing cash burn despite strong revenue growth and high gross margins) and bearish technicals (below key moving averages with negative MACD). Valuation is also constrained by unprofitable earnings and no dividend, while corporate events are mixed with notable restructuring and leadership changes.
Positive Factors
Strong revenue growth & very high gross margins
Sustained double-digit revenue acceleration with software-like gross margins indicates a highly scalable, capital-light core business and structurally attractive unit economics. Over 2–6 months this supports operating leverage potential and the ability to invest in product and staking infrastructure as scale rises.
Negative Factors
Large net losses and negative margins
Substantial, persistent net losses indicate the business has yet to convert strong gross profits into operating profitability. Over months this erodes retained earnings and signals that operating cost structure or investment choices must be rebalanced to reach sustainable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & very high gross margins
Sustained double-digit revenue acceleration with software-like gross margins indicates a highly scalable, capital-light core business and structurally attractive unit economics. Over 2–6 months this supports operating leverage potential and the ability to invest in product and staking infrastructure as scale rises.
Read all positive factors
DeFi Development Corporation (DFDV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$110.32M
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)16.16
Revenue Growth313.35%
EPS GrowthN/A
CountryUS
Employees14
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-6.44
Shares Outstanding29,497,395
10 Day Avg. Volume926,921
30 Day Avg. Volume1,165,887
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 Cap1.73
Enterprise Value/Revenue16.74
Enterprise Value/Gross Profit17.11
Enterprise Value/Ebitda-2.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.22
Revenue Forecast (FY)$19.40M
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
24
Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.39M | 2.10M | 2.00M | 2.15M | 1.98M |
| Gross Profit | 11.14M | 2.07M | 2.00M | 2.15M | 1.98M |
| EBITDA | -63.80M | -2.70M | -3.37M | -1.24M | -1.62M |
| Net Income | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
Balance Sheet | |||||
| Total Assets | 307.41M | 4.38M | 6.68M | 1.34M | 1.86M |
| Cash, Cash Equivalents and Short-Term Investments | 9.60M | 2.86M | 5.08M | 981.13K | 1.71M |
| Total Debt | 127.47M | 13.93K | 66.66K | 112.57K | 0.00 |
| Total Liabilities | 208.15M | 873.84K | 867.85K | 811.53K | 1.44M |
| Stockholders Equity | 99.26M | 3.50M | 5.82M | 525.38K | 419.31K |
Cash Flow | |||||
| Free Cash Flow | -17.97M | -2.44M | -1.60M | -1.02M | 65.84K |
| Operating Cash Flow | -17.97M | -2.42M | -1.57M | -1.02M | 65.84K |
| Investing Cash Flow | -221.54M | -22.31K | -89.05K | 0.00 | 0.00 |
| Financing Cash Flow | 242.91M | -117.54K | 5.75M | 297.52K | 1.23M |
DeFi Development Corporation Technical Analysis
Negative
3.64
Price Trends
4.00
Negative
5.19
Negative
10.94
Negative
Market Momentum
-0.19
Positive
47.19
Neutral
54.31
Neutral
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 3.64 is below the 20-day moving average (MA) of 3.94, below the 50-day MA of 4.00, and below the 200-day MA of 10.94, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of 54.31 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $209.15M | -10.23 | -31.67% | ― | 15.73% | 40.14% | |
47 Neutral | $298.96M | 16.48 | 19.25% | ― | -44.07% | 25.75% | |
46 Neutral | $100.54M | -5.25 | -84.96% | ― | 11.89% | 34.27% | |
46 Neutral | $162.12M | -106.50 | -42.81% | ― | 1.88% | 53.31% | |
44 Neutral | $110.32M | -1.26 | -69.36% | ― | 313.35% | ― | |
40 Underperform | $79.73M | -2.91 | -84.58% | ― | -34.35% | 20.88% |
* Technology Sector Average
DFDV
DeFi Development Corporation
3.74
-2.68
-41.74%
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DeFi Development Corporation Corporate Events
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...
Business Operations and StrategyFinancial Disclosures
DeFi Development Lowers Near-Term SOL Per Share Outlook
Negative
Feb 17, 2026
DeFi Development Corp., a Nasdaq-listed DeFi-focused and AI-powered commercial real estate platform, combines a SOL-centric treasury strategy with SaaS data and software offerings for multifamily and commercial property stakeholders. The company o...
Business Operations and StrategyExecutive/Board Changes
DeFi Development Adds Blockchain Veteran Hadley Stern to Board
Positive
Jan 29, 2026
On January 29, 2026, DeFi Development Corp. announced the appointment of digital asset veteran Hadley Stern to its Board of Directors, adding deep expertise in blockchain infrastructure, custody, compliance, and institutional crypto adoption to it...
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.