DeFi Development (DFDV)
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DeFi Development Corp. is a U.S.-listed company that combines a digital asset treasury strategy with an operating business in real estate technology. Its defining feature is a treasury policy centered on Solana, the high-throughput blockchain network whose native token is SOL. Through this approach, the company’s common stock offers public-market investors indirect exposure to Solana’s price performance as well as potential staking-related returns generated from participating in the network.
The company’s digital asset treasury segment holds SOL and is designed to benefit from Solana’s growth as a blockchain ecosystem for decentralized finance, payments, consumer applications, non-fungible tokens, and other on-chain activity. DeFi Development Corp. also operates validator infrastructure, which allows it to help secure and process transactions on the Solana network. Validators can earn staking rewards when token holders delegate SOL, making the strategy more active than simply holding the asset on a balance sheet.
Alongside its treasury activities, the company maintains a real estate platform segment. However, its revenue profile is weighted toward the treasury business, making Solana exposure central to the investment case. This structure places DeFi Development Corp. among a group of public companies that use corporate treasuries to hold blockchain-native assets, but its focus on SOL distinguishes it from firms built primarily around Bitcoin. The stock is therefore closely tied to developments in Solana’s market value, staking economics, network adoption, and the broader sentiment toward digital assets.
Last updated
- Market Cap
- 99.09M
- P/E
- —
- P/FCF
- —
- P/S
- 7.2
- Enterprise Value
- 306.17M
- Sector
- —
- Industry
- —
- Address
- 6401 CONGRESS AVE, BOCA RATON, FL, 33487
DeFi Development Corp. to Announce First Quarter 2026 Financial Results
DeFi Development Corp. Chief Strategy Officer to Speak at the 2026 Centri Capital Conference
DeFi Development Corp. Confirms No Exposure to Drift Protocol Following Recent Exploit
DeFi Development Corp. to Host X Spaces Event: “February 2026 Business Recap & AMA”
DeFi Development Corp. Releases January 2026 Recap Highlighting Treasury Yield Expansion, UK Progress, and Solana DeFi Integrations
DeFi Development Corp. to Host X Spaces Event: “January 2026 Business Recap & AMA”
DeFi Development Corp. Chief Strategy Officer to Speak at Needham’s 28th Annual Growth Conference
DeFi Development Corp. to Announce Third Quarter 2025 Financial Results
DeFi Development Corp. and Superteam Japan Announce Partnership to Launch DFDV JP, the First Solana Treasury Project in Japan
DeFi Development Corp. Promotes Dan Kang to Chief Strategy Officer
DeFi Development Corp. and AllDomains Launch “.dfdv” Domains to Expand Digital Identity Across the Solana Ecosystem
DeFi Development Corp. Announces Launch of DFDV UK, First Solana Treasury Vehicle in the United Kingdom
DeFi Development Corp. to Host X Spaces Event: “July 2025 Business Recap & AMA”
DeFi Dev Corp. Grows Treasury to 1.18M SOL, Raises $20M from Equity Line of Credit
DeFi Development Corp. to Announce Second Quarter 2025 Financial Results
DeFi Dev Corp. Grows SOL Treasury to 999,999, Raises $19 Million from Equity Line of Credit
DeFi Development Corp. Announces Upsized $112.5 Million of Convertible Notes
DeFi Development Corp. to Host June 2025 Business Update Call
DeFi Development Corp. to Host Twitter Spaces Explaining ELOCs, S-1s, and Capital Strategy
DeFi Dev Corp. Partners with Drift Protocol to List dfdvSOL Liquid Staking Token
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 99.09M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 306.17M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 9.72
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 7.2
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 26.23
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 22.25
- EPS
- -5.19
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -27M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -1,534.24%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -68.08%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 20.68
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 1.39
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 1.39
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.04
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 785.45K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 3.29
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 2.66M | 4.49M | 4.63M | 1.99M | 287K |
| Gross profit | 2.56M | 4.36M | 4.54M | 1.96M | 280K |
| Operating income | -4.19M | -2.35M | -324K | 17.19M | -947K |
| EBITDA | -3.84M | -2M | 28K | 17.48M | -897K |
| Net income | -83.39M | -144.47M | 56.03M | 15.43M | -778K |
| Basic EPS | -3.18 | -8.47 | 2.41 | 0.99 | -0.08 |
| Diluted EPS | -3.18 | -7.63 | 1.83 | 0.76 | -0.08 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 229.72M | 307.41M | 479.95M | 107.23M | 4.16M |
| Total liabilities | 219.52M | 208.15M | 236.15M | 27.62M | 1.31M |
| Total equity | 10.19M | 99.26M | 243.8M | 79.61M | 2.85M |
| Cash & equivalents | 3.68M | 5.92M | 8.8M | 2.47M | 1.8M |
| Current assets | 127.77M | 121.93M | 174.41M | 5.58M | 3.05M |
| Current liabilities | 91.74M | 80.79M | 85.55M | 5.14M | 1.06M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -9.82M | -10.93M | -4.98M | -1.27M | -785K |
| Investing cash flow | 16.19M | 14.77M | -175.06M | -61.25M | — |
| Financing cash flow | -8.61M | -6.72M | 186.38M | 63.19M | 70K |
| Change in cash | -2.24M | -2.88M | 6.33M | 668.9K | -715K |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 424B5 — DeFi Development Corp. | View Filing | |
| edgar index | PRE 14C — DeFi Development Corp. | View Filing | |
| edgar index | 10-Q — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| edgar index | NT 10-Q — DeFi Development Corp. | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 424B5 — DeFi Development Corp. | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | EFFECT — DeFi Development Corp. | View Filing | |
| edgar index | CORRESP — DeFi Development Corp. | View Filing | |
| edgar index | UPLOAD — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | S-3 — DeFi Development Corp. | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| edgar index | 3 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Townsend Adam R. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| form 4 | Form 4 — JANOVER BLAKE | View Filing | |
| form 4 | Form 4 — JANOVER BLAKE | View Filing | |
| form 4 | Form 4 — JANOVER BLAKE | View Filing | |
| form 4 | Form 4 — Caragol William J | View Filing | |
| form 4 | Form 4 — JANOVER BLAKE | View Filing | |
| form 4 | Form 4 — Tai Zachary Aris | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Kang Daniel | View Filing | |
| form 4 | Form 4 — Onorati Joseph Mario | View Filing | |
| form 4 | Form 4 — Perfumo Thomas J. | View Filing | |
| form 4 | Form 4 — White Parker | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| edgar index | 10-K — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| edgar index | 4 — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — DeFi Development Corp. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Caragol William J | View Filing | |
| form 4 | Form 4 — Tai Zachary Aris | View Filing | |
| form 4 | Form 4 — Onorati Joseph Mario | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — Han Fei | View Filing | |
| form 4 | Form 4 — White Parker | View Filing |