# DeFi Development Corp.: overview

DFDV · Nasdaq · CIK 1805526 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dfdv.md) · [Financials](/companies/dfdv/financials.md) · [Filings](/companies/dfdv/filings.md) · [Insiders](/companies/dfdv/insiders.md)

Latest reported revenue: [$3.3m](/filings/0001805526-26-000055.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001805526-26-000055).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.6](/filings/0001193125-25-286660.md) | [0.6 d](/filings/0001805526-26-000006.md) | [0.3](/filings/0001805526-26-000040.md) | [2.0](/filings/0001805526-26-000055.md) | [4.6](/filings/0001193125-25-286660.md) | [4.5 d](/filings/0001805526-26-000006.md) | [2.7](/filings/0001805526-26-000040.md) | [3.3](/filings/0001805526-26-000055.md) |
| Gross margin | % | [98.7%](/filings/0001575872-24-001133.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(73.3%)](/filings/0001193125-25-286660.md) | [(107.9%) d](/filings/0001805526-26-000006.md) | [(307.7%)](/filings/0001805526-26-000040.md) | [865.6%](/filings/0001805526-26-000055.md) | [1558.6%](/filings/0001193125-25-286660.md) | [(2780.5%) d](/filings/0001805526-26-000006.md) | [(2072.8%)](/filings/0001805526-26-000040.md) | [(689.2%)](/filings/0001805526-26-000055.md) |
| Net margin | % | [(76.1%)](/filings/0001193125-25-286660.md) | [(77.3%) d](/filings/0001805526-26-000006.md) | [(271.1%)](/filings/0001805526-26-000055.md) | [777.0%](/filings/0001805526-26-000055.md) | [1211.4%](/filings/0001805526-26-000006.md) | [(3219.0%) d](/filings/0001805526-26-000006.md) | [(3130.3%)](/filings/0001805526-26-000055.md) | [(823.4%)](/filings/0001805526-26-000055.md) |
| Diluted EPS | $ per share | [(0.05)](/filings/0001193125-25-286660.md) | not reported | [(0.08)](/filings/0001805526-26-000040.md) | [0.84](/filings/0001805526-26-000055.md) | [1.95](/filings/0001805526-26-000006.md) | not reported | [(3.18)](/filings/0001805526-26-000040.md) | [(1.00)](/filings/0001805526-26-000055.md) |
| Free cash flow | $m | [(0.4) d](/filings/0001193125-25-286660.md) | [(0.2) d](/filings/0001805526-26-000006.md) | not reported | not reported | [(5.0) d](/filings/0001193125-25-286660.md) | [(10.9) d](/filings/0001805526-26-000006.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [2.2](/filings/0001575872-24-000295.md) | [2.0](/filings/0001013762-25-003260.md) | [2.1](/filings/0001805526-26-000006.md) | [11.4](/filings/0001805526-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [(80.0%)](/filings/0001575872-24-000295.md) | [(170.0%)](/filings/0001013762-25-003260.md) | [(143.0%)](/filings/0001805526-26-000006.md) | [(319.7%)](/filings/0001805526-26-000006.md) |
| Net margin | % | [(58.7%)](/filings/0001575872-24-000295.md) | [(168.4%)](/filings/0001013762-25-003260.md) | [(129.9%)](/filings/0001805526-26-000006.md) | [(648.1%)](/filings/0001805526-26-000006.md) |
| Diluted EPS | $ per share | [(0.18)](/filings/0001575872-24-000295.md) | [(3.19)](/filings/0001013762-25-003260.md) | [(0.28)](/filings/0001805526-26-000006.md) | [(4.00)](/filings/0001805526-26-000006.md) |
| Free cash flow | $m | [(1.0)](/filings/0001575872-24-000295.md) | [(1.6)](/filings/0001013762-25-003260.md) | [(2.4)](/filings/0001805526-26-000006.md) | [(18.0)](/filings/0001805526-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dfdv/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $3.2m | 1,090,293 |  | Reduced −9,044 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $1.2m | 416,200 | Call | Reduced −201,500 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.1m | 362,876 |  | Added +15,665 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $926.1k | 315,000 | Call | Added +25,500 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $863.9k | 293,694 |  | Added +28,827 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $840.3k | 285,815 |  | Added +15 |
| [Alyeska Investment Group, L.P.](/funds/1453072.md) | 2026-06-30 | $789.5k | 268,522 |  | Unchanged |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $717.4k | 244,000 | Put | Reduced −78,300 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $555.3k | 188,870 |  | Reduced −15,109 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $551.3k | 187,500 | Call | Reduced −46,200 |

## Recent filings

[All 324 filings](/companies/dfdv/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 08:09 ET | [8-K](/filings/0001805526-26-000142.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000142 |
| 2026-10-21 | 16:09 ET | [8-K](/filings/0001805526-26-000140.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001805526-26-000140 |
| 2026-10-19 | 08:11 ET | [8-K](/filings/0001805526-26-000134.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000134 |
| 2026-10-15 | 08:41 ET | [8-K](/filings/0001805526-26-000132.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000132 |
| 2026-10-13 | 08:47 ET | [8-K](/filings/0001805526-26-000127.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000127 |
| 2026-10-05 | 08:19 ET | [8-K](/filings/0001805526-26-000125.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000125 |
| 2026-09-28 | 08:22 ET | [8-K](/filings/0001805526-26-000119.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000119 |
| 2026-09-21 | 08:48 ET | [8-K](/filings/0001805526-26-000109.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000109 |
| 2026-09-16 | 09:15 ET | [8-K](/filings/0001213900-26-100373.md) | 8.01 Other events | 0001213900-26-100373 |
| 2026-09-14 | 08:35 ET | [8-K](/filings/0001805526-26-000107.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001805526-26-000107 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001805526-26-000006.md), filed Mar 30, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1805526
- Tickers: DFDV, CHAD, DFDVW, DFUKF
- Exchange: Nasdaq
- SIC code: 6199 Finance Services
- State of incorporation: NV
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 13:17 ET. No prices; not investment advice.
