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DFDV · Nasdaq · United States · Finance Services
In shortDeFi Development Corp. is loss-making.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | -319.7% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -648.1% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -143.6% | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -157.8% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 4 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 4 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 256.0% | 0/100 |
| Operating margin volatility | 101.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 74.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 2.2 | 2 | 2.1 | 11 |
| Cost of revenue | – | – | 0 | 0.2 |
| Gross profit | – | – | 2.1 | 11 |
| Research & development | 0.4 | 0.8 | 0.7 | 1.1 |
| Operating income | (1.7) | (3.4) | (3) | (36) |
| Interest expense | – | – | 0 | 8.9 |
| Pre-tax income | – | – | (2.7) | (74) |
| Income tax | – | – | 0 | 0 |
| Net income | (1.3) | (3.4) | (2.7) | (74) |
| Diluted EPS | −$0.18 | −$3.19 | −$0.28 | −$4.00 |
| Diluted shares (millions) | 6.9 | 1.1 | 9.8 | 18 |
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of DeFi Development Corp. are included in the Investor plan. Try free for 7 days →
Not computed: the model does not apply to banks and insurers.
2/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 13, 2026