Janover, Inc. (JNVR) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.31M
• Price to Earnings (P/E): ―
• Beta (1Y): 16.55
• Revenue Growth: 4.82%
• EPS Growth: 38.82%
• Country: US
• Employees: 14
• Sector: Technology
• Sector Strength: 82
• Industry: Software - Infrastructure
• EPS (TTM): -1.96
• Shares Outstanding: 1,579,946
• 10 Day Avg. Volume: 325,184
• 30 Day Avg. Volume: 1,307,278
• PEG Ratio: -0.64
• Price to Book (P/B): 15.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Janover, Inc. shows strong technical momentum and potential strategic growth from recent acquisitions. However, significant financial sustainability concerns due to ongoing losses and negative cash flow weigh down the score. The stock's high beta indicates extreme volatility, further impacting its risk profile. Despite strategic moves, the company's financial health needs improvement to support long-term growth.

Janover, Inc. Business Overview & Revenue Model

Company Description

Janover Inc. engages in the provision of commercial property financing solutions. It operates an online platform that connects commercial mortgage borrowers, including owners, operators, and developers of commercial real estate, looking for capital to refinance, build, or purchase commercial properties, including apartment buildings with commercial property lenders, such as banks, credit unions, REITs, debt funds, multifamily lenders, and others looking to deploy capital into commercial mortgages. The company was formerly known as Janover Ventures LLC and changed its name to Janover Inc. in March 2021. Janover Inc. was founded in 2018 and is headquartered in Boca Raton, Florida.

How the Company Makes Money

Janover, Inc. generates revenue primarily through fees charged for its platform services and transactions. The company's key revenue streams include origination fees from successful loan transactions facilitated through its platform, subscription fees for access to premium tools and analytics, and consulting fees for financial advisory services. Additionally, Janover may partner with financial institutions and lenders to expand its service offerings and access a broader client base, thereby increasing its earnings potential. These partnerships can involve revenue-sharing arrangements that contribute to the company's overall income.

Janover, Inc. Financial Statement Overview

Summary

Janover, Inc. demonstrates strong revenue generation and gross margins but continues to struggle with achieving net profitability. While the balance sheet shows a robust equity position with no debt, the continuous net losses and negative cash flows raise concerns about long-term sustainability. The company needs to focus on improving operational efficiencies and cash generation to enhance financial stability.

Income Statement

The company's revenue showed a slight increase from $2.00M in 2023 to $2.10M in 2024, indicating a modest growth trajectory. However, the gross profit margin remains strong, consistently above 98%, highlighting efficient cost management. Despite this, net income remains negative, with a net profit margin of -129.9% in 2024, reflecting ongoing challenges in achieving profitability. The EBIT and EBITDA margins are also negative, further emphasizing the company's struggle to convert revenue into operating profits.

Balance Sheet

The company has a strong equity position with no debt in 2024, resulting in a debt-to-equity ratio of 0. The stockholders' equity decreased from $5.82M in 2023 to $3.50M in 2024. The equity ratio is 79.9%, indicating a stable financial structure with a low level of liabilities relative to assets. Nonetheless, the reduction in total assets and equity suggests potential risks in maintaining this stability.

Cash Flow

Operating cash flow remains negative at -$2.42M in 2024, highlighting ongoing operational challenges. The free cash flow is also negative, with a decline from -$1.60M in 2023 to -$2.44M in 2024. The negative operating and free cash flow to net income ratios indicate that the company is not generating sufficient cash to cover its net losses, posing liquidity concerns.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.82M	2.10M	2.00M	2.15M	1.98M	1.56M
	Gross Profit
1.75M	2.07M	2.00M	2.15M	1.98M	1.56M
	EBIT
-3.57M	-3.00M	-3.40M	-1.72M	-1.06M	393.39K
	EBITDA
-3.40M	-2.78M	-3.40M	-1.70M	-1.62M	412.82K
	Net Income Common Stockholders
-3.42M	-2.73M	-3.37M	-1.26M	-1.62M	319.02K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.71M	2.86M	5.08M	981.13K	1.71M	415.71K
	Total Assets
1.86M	4.38M	6.68M	1.34M	1.86M	740.20K
	Total Debt
0.00	0.00	66.66K	112.57K	0.00	0.00
	Net Debt
-1.71M	-2.52M	-5.01M	-868.55K	-1.71M	-415.71K
	Total Liabilities
1.44M	873.84K	867.85K	811.53K	1.44M	874.31K
	Stockholders Equity
419.31K	3.50M	5.82M	525.38K	419.31K	-134.11K
Cash Flow		Free Cash Flow
-2.93M	-2.44M	-1.60M	-1.02M	65.84K	346.63K
	Operating Cash Flow
-2.90M	-2.42M	-1.57M	-1.02M	65.84K	362.81K
	Investing Cash Flow
-95.65K	-22.31K	-89.05K	0.00	0.00	-16.18K
	Financing Cash Flow
-52.54K	-117.54K	5.75M	297.52K	1.23M	49.64K

Janover, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 72.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JNVR, the sentiment is Positive. The current price of 72.74 is above the 20-day moving average (MA) of 67.77, above the 50-day MA of 35.89, and above the 200-day MA of 12.53, indicating a bullish trend. The MACD of 14.02 indicates Negative momentum. The RSI at 68.17 is Neutral, neither overbought nor oversold. The STOCH value of 83.91 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JNVR.

Janover, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$11.64B	10.63	-6.94%	2.93%	7.63%	-11.15%
JNVR	56 Neutral		―	-58.53%	―	4.82%	38.82%
TAOP	56 Neutral	$3.68M	0.44	-12.71%	―	-5.08%	93.27%
CETX	50 Neutral	$3.05M	―	-1329.57%	―	-0.86%	63.99%
SOS	50 Neutral	$8.08M	―	-0.89%	―	-35.46%	60.83%
RVYL	38 Underperform	$7.52M	―	-243.87%	―	-14.99%	59.75%
HUBC	38 Underperform	$8.10M	―	163.42%	―	-30.70%	27.15%

Janover, Inc. Corporate Events

DeFi Development Corp. Completes Solana Validator Acquisition

On May 1, 2025, DeFi Development Corp. acquired a Solana validator business from Solsync Solutions Partnership, marking a strategic expansion within the Solana network. The acquisition, valued at $3.5 million, was completed with a combination of cash and restricted stock, allowing the company to integrate staking rewards into its revenue streams and enhance its role in the decentralized economy. The transaction was a related party transaction, as Parker White, the sole partner of the seller, is also the COO and CIO of DeFi Development Corp. The acquisition was unanimously approved by disinterested board members, ensuring it was in the best interests of the company and its shareholders.

Spark’s Take on JNVR Stock

According to Spark, TipRanks’ AI Analyst, JNVR is a Neutral.

Janover, Inc. shows strong technical momentum and robust revenue generation with high gross margins. However, the company faces significant challenges in achieving profitability, evident from its negative net income and cash flows. The stock’s high volatility as indicated by an extreme beta and lack of dividend yield further weigh down its attractiveness. Overall, the stock score reflects the balance between strong technicals and serious financial sustainability concerns.

To see Spark’s full report on JNVR stock, click here.

Janover Inc. Rebrands to DeFi Development Corp.

On April 17, 2025, John (Fei) Han was appointed as the Chief Financial Officer of DeFi Development Corp., succeeding Bruce S. Rosenbloom, who stepped down to take on a senior advisory role. The company also announced a name change from Janover Inc. to DeFi Development Corporation, effective the same day, to reflect its new focus as a crypto treasury vehicle, with plans to change its Nasdaq ticker symbol to ‘DFDV’.

Spark’s Take on JNVR Stock

According to Spark, TipRanks’ AI Analyst, JNVR is a Neutral.

Janover, Inc. shows strong technical momentum and robust revenue generation with high gross margins. However, the company faces significant challenges in achieving profitability, evident from its negative net income and cash flows. The stock’s high volatility as indicated by an extreme beta and lack of dividend yield further weigh down its attractiveness. Overall, the stock score reflects the balance between strong technicals and serious financial sustainability concerns.

To see Spark’s full report on JNVR stock, click here.

Janover Inc. Appoints New CEO and COO

Janover Inc. announced the appointment of Joseph Onorati as Chief Executive Officer and Parker White as Chief Operating Officer and Chief Investment Officer, effective April 4, 2025. Both executives have entered into employment agreements outlining their compensation and benefits, including performance-based bonuses and equity awards. These appointments signify a strategic leadership change for the company, potentially impacting its operational and investment strategies.

Spark’s Take on JNVR Stock

According to Spark, TipRanks’ AI Analyst, JNVR is a Neutral.

Janover, Inc. shows strong technical momentum and robust revenue generation with high gross margins. However, the company faces significant challenges in achieving profitability, evident from its negative net income and cash flows. The stock’s high volatility as indicated by an extreme beta and lack of dividend yield further weigh down its attractiveness. Overall, the stock score reflects the balance between strong technicals and serious financial sustainability concerns.

To see Spark’s full report on JNVR stock, click here.

Janover, Inc. Closes Offering and Adds Solana

On April 4, 2025, Janover Inc. entered into securities purchase agreements with investors, issuing $41,950,000 in convertible notes and warrants. These notes, convertible into common stock, accrue interest at 2.5% annually and mature in 2030, with specific conditions for conversion and redemption. On April 7, 2025, Janover announced the closing of this offering and revealed the inclusion of Solana (SOL) in its treasury management program, aiming to diversify its holdings. This move introduces potential risks related to the volatility and regulatory status of SOL, which could impact Janover’s financial results and stock market performance.

Spark’s Take on JNVR Stock

According to Spark, TipRanks’ AI Analyst, JNVR is a Neutral.

Janover, Inc. faces significant challenges with profitability and cash flow despite strong revenue growth and a stable balance sheet. While technical indicators show some short-term positive momentum, the negative valuation metrics highlight concerns over the stock’s long-term viability. These combined factors result in a cautious overall stock score.

To see Spark’s full report on JNVR stock, click here.