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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 | 8.80M | 2.86M | 5.08M | 981.13K | 1.71M | 415.71K |
| Total Debt | 0.00 | 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% | |
54 Neutral | $229.81M | ― | -86.46% | ― | 1.88% | 53.31% | |
51 Neutral | $265.42M | ― | -55.03% | ― | 15.73% | 40.14% | |
48 Neutral | $251.23M | 13.38 | 56.66% | ― | 313.35% | ― | |
48 Neutral | $219.17M | ― | -114.65% | ― | 11.89% | 34.27% | |
41 Neutral | $144.07M | ― | -142.36% | ― | -34.35% | 20.88% | |
41 Neutral | $222.38M | ― | -110.11% | ― | -44.07% | 25.75% |
DeFi Development Corporation Corporate Events
DeFi Development Corporation has filed a Form 12b-25 to notify the delay in submitting its Form 10-Q (Quarter Report) for the financial period ending September 30, 2025. The delay is primarily due to an information technology disruption affecting the company’s accounting and reporting systems, necessitating additional time to ensure accuracy. The company expects to file the delayed report within five calendar days following the original due date. Significant changes in financial results are anticipated, with a notable increase in revenue and net income due to the adoption of a new treasury policy involving digital assets. Forward-looking statements indicate potential risks and uncertainties. The company is committed to compliance, as indicated by the signature of Fei (John) Han, Chief Financial Officer.
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.
Janover, Inc. is a digital asset treasury company specializing in optimizing Solana’s native yield, operating within the cryptocurrency sector. The company is known for its innovative approach to crypto accumulation and yield generation.
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.
On October 8, 2025, DeFi Development Corp. announced a special dividend in the form of warrants to its common stockholders, with distribution set for October 27, 2025. Stockholders will receive one warrant for every ten shares held, allowing them to purchase common stock at $22.50 per share until January 21, 2028. This initiative aims to empower investors and potentially raise up to $73.5 million for the company, which will be used for corporate purposes, including the acquisition of SOL and working capital.
The most recent analyst rating on (DFDV) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
On September 17, 2025, DeFi Development Corp. announced the acquisition of 62,745 SOL, increasing its total holdings to 2,095,748 SOL, valued at approximately $499 million. This strategic move reinforces the company’s commitment to the Solana ecosystem and aims to generate native yield through staking. The company also disclosed its outstanding shares and updated its Solana per share metrics, indicating a strong position in the market. On September 18, 2025, Marco Santori resigned from the company’s Board of Directors, with no disagreements cited as the reason for his departure.
The most recent analyst rating on (DFDV) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on DeFi Development Corporation stock, see the DFDV Stock Forecast page.
On August 28, 2025, DeFi Development Corp. completed a private placement offering, issuing shares and pre-funded warrants to institutional and accredited investors, raising funds to acquire 407,247 Solana tokens. This acquisition increased the company’s total holdings to 1,831,011 SOL, reflecting a 29% rise. The company plans to stake these holdings for yield generation, with over $40 million in proceeds remaining for future purchases, reinforcing its strategic focus on Solana.
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 August 24, 2025, DeFi Development Corp. entered into subscription agreements with institutional and accredited investors for a $125 million equity offering. The transaction involves selling approximately 4.2 million shares of common stock and pre-funded warrants for about 5.7 million shares, with a mix of cash and locked Solana (SOL) as consideration. This move aims to accelerate the company’s Solana treasury growth and enhance its strategy of maximizing Solana per Share (SPS) growth. The offering, expected to close on August 28, 2025, is part of a broader effort that has raised over $370 million in 2025, positioning DeFi Development Corp. as a leading Solana treasury vehicle in public markets.
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.