DeFi Development Corp Financials
This page shows DeFi Development Corp (DFDV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
DeFi Development Corp has an operating margin of -143.1%, meaning the company retains $-143 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -170.0% the prior year.
DeFi Development Corp's revenue grew a modest 4.8% year-over-year to $2.1M. This slow but positive growth earns a score of 42/100.
DeFi Development Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.52, DeFi Development Corp holds $5.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While DeFi Development Corp generated -$2.4M in operating cash flow, capex of $20K consumed most of it, leaving -$2.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
DeFi Development Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, DeFi Development Corp generates $0.89 in operating cash flow (-$2.4M OCF vs -$2.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
DeFi Development Corp generated $2.1M in revenue in fiscal year 2024. This represents an increase of 4.8% from the prior year.
DeFi Development Corp's EBITDA was -$2.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.3% from the prior year.
DeFi Development Corp generated -$2.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 52.7% from the prior year.
DeFi Development Corp reported -$2.7M in net income in fiscal year 2024. This represents an increase of 19.2% from the prior year.
DeFi Development Corp earned $-1.95 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.9% from the prior year.
DeFi Development Corp held $2.5M in cash against $0 in long-term debt as of fiscal year 2024.
DeFi Development Corp had 10M shares outstanding in fiscal year 2024. This represents an increase of 617.6% from the prior year.
DeFi Development Corp's operating margin was -143.1% in fiscal year 2024, reflecting core business profitability. This is up 26.9 percentage points from the prior year.
DeFi Development Corp's net profit margin was -129.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 38.5 percentage points from the prior year.
DeFi Development Corp invested $655K in research and development in fiscal year 2024. This represents a decrease of 17.3% from the prior year.
DeFi Development Corp spent $5K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
DeFi Development Corp invested $20K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.8% from the prior year.
DFDV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M+132.9% | $2.0M+591.6% | $287K-54.3% | $629K+42.5% | $441K+7.3% | $411K+17.4% | $350K-40.0% | $584K |
| Cost of Revenue | $88K+214.3% | $28K | N/A | $8K0.0% | $8K-7.3% | $9K | N/A | $0 |
| Gross Profit | $4.5M+131.7% | $2.0M | N/A | $611K+41.1% | $433K+7.6% | $403K | N/A | $584K |
| R&D Expenses | $269K-14.1% | $313K+85.2% | $169K-4.2% | $176K+14.6% | $154K-11.2% | $173K-50.4% | $350K+41.6% | $247K |
| SG&A Expenses | $3.6M-23.6% | $4.7M+759.9% | $544K-12.7% | $623K-6.6% | $667K-12.1% | $759K+17.9% | $644K-46.9% | $1.2M |
| Operating Income | $72.1M+319.3% | $17.2M+2046.4% | -$883K-30.0% | -$679K+20.3% | -$852K+16.3% | -$1.0M+18.3% | -$1.2M+24.0% | -$1.6M |
| Interest Expense | $2.9M+278.0% | $776K+4058.2% | -$20K | N/A | N/A | -$51K | N/A | N/A |
| Income Tax | $17.9M+1393.3% | $1.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $56.0M+263.1% | $15.4M+2083.5% | -$778K-59.8% | -$487K+39.5% | -$805K+16.5% | -$964K+18.1% | -$1.2M+25.4% | -$1.6M |
| EPS (Diluted) | $1.83+117.9% | $0.84+252.7% | $-0.55 | $-1.12-1300.0% | $-0.08+88.6% | $-0.70 | $-2.93 | $-0.17 |
DFDV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $480.0M+347.6% | $107.2M+2478.9% | $4.2M-5.0% | $4.4M-8.0% | $4.8M-13.4% | $5.5M-17.9% | $6.7M+7.1% | $6.2M |
| Current Assets | $174.4M+3026.7% | $5.6M+82.6% | $3.1M-6.7% | $3.3M-4.2% | $3.4M-18.1% | $4.2M-21.1% | $5.3M-13.7% | $6.1M |
| Cash & Equivalents | $8.8M+256.3% | $2.5M+37.2% | $1.8M-28.0% | $2.5M-22.8% | $3.2M-17.5% | $3.9M-22.7% | $5.1M-12.7% | $5.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $52K-95.2% | $1.1M+73.1% | $631K+223.8% | $195K+75.4% | $111K-7.9% | $121K+40.2% | $86K-32.6% | $128K |
| Goodwill | $607K0.0% | $607K+0.1% | $607K-0.1% | $607K+0.1% | $607K0.0% | $607K0.0% | $607K | N/A |
| Total Liabilities | $236.2M+755.1% | $27.6M+2007.8% | $1.3M+49.9% | $874K+77.0% | $494K-6.6% | $529K-39.1% | $868K+255.2% | $244K |
| Current Liabilities | $85.5M+1563.7% | $5.1M+386.6% | $1.1M+78.2% | $593K+88.4% | $315K-10.0% | $350K-48.2% | $675K+211.5% | $217K |
| Long-Term Debt | $131.4M+519.7% | $21.2M | N/A | $0 | N/A | N/A | N/A | N/A |
| Total Equity | $243.8M+206.2% | $79.6M+2695.4% | $2.8M-18.7% | $3.5M-17.8% | $4.3M-14.1% | $5.0M-14.7% | $5.8M-3.0% | $6.0M |
| Retained Earnings | $61.3M+1060.3% | $5.3M+152.1% | -$10.1M-8.3% | -$9.4M-11.4% | -$8.4M-10.6% | -$7.6M-14.5% | -$6.6M-21.5% | -$5.5M |
DFDV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.0M-292.0% | -$1.3M-61.8% | -$786K-338.2% | -$179K+73.7% | -$681K+40.6% | -$1.1M-73.8% | -$659K-12.5% | -$586K |
| Capital Expenditures | $0 | N/A | N/A | $7K+2.8% | $7K+3.9% | $6K-68.1% | $20K+120.2% | $9K |
| Free Cash Flow | -$5.0M | N/A | N/A | -$186K+72.9% | -$687K+40.4% | -$1.2M-69.7% | -$679K-14.1% | -$595K |
| Investing Cash Flow | -$175.1M | N/A | N/A | -$6K+4.8% | -$7K-3.9% | -$6K+92.0% | -$80K-781.5% | -$9K |
| Financing Cash Flow | $186.4M+194.9% | $63.2M+90513.7% | $70K+208.1% | -$65K-27718.5% | -$232-118.8% | $1K | $0-100.0% | $4.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | $243 | N/A | N/A | N/A | N/A |
DFDV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.1%-0.5pp | 98.6% | N/A | 98.7%+0.5pp | 98.2%+0.3pp | 97.9% | N/A | 100.0% |
| Operating Margin | 1558.6%+693.1pp | 865.6%+1173.1pp | -307.5%-199.5pp | -108.1%+85.1pp | -193.2%+54.5pp | -247.7%+108.1pp | -355.8%-75.1pp | -280.7% |
| Net Margin | 1211.4%+434.3pp | 777.0%+1048.0pp | -270.9%-193.5pp | -77.5%+105.1pp | -182.5%+51.9pp | -234.5%+101.7pp | -336.2%-65.8pp | -270.4% |
| Return on Equity | 23.0%+3.6pp | 19.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 11.7%-2.7pp | 14.4%+33.1pp | -18.7%-7.6pp | -11.1%+5.8pp | -16.9%+0.6pp | -17.6%+0.1pp | -17.6%+7.7pp | -25.3% |
| Current Ratio | 2.04+1.0 | 1.08-1.8 | 2.89-2.6 | 5.52-5.3 | 10.86-1.1 | 11.94+4.1 | 7.84-20.5 | 28.31 |
| Debt-to-Equity | 0.54+0.3 | 0.27-0.2 | 0.46+0.5 | 0.00-0.1 | 0.120.0 | 0.11-0.0 | 0.15+0.1 | 0.04 |
| FCF Margin | -107.8% | N/A | N/A | -29.6%+126.3pp | -155.9%+124.5pp | -280.4%-86.3pp | -194.0%-92.0pp | -102.0% |
Similar Companies
Frequently Asked Questions
What is DeFi Development Corp's annual revenue?
DeFi Development Corp (DFDV) reported $2.1M in total revenue for fiscal year 2024. This represents a 4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is DeFi Development Corp's revenue growing?
DeFi Development Corp (DFDV) revenue grew by 4.8% year-over-year, from $2.0M to $2.1M in fiscal year 2024.
Is DeFi Development Corp profitable?
No, DeFi Development Corp (DFDV) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -129.9%.
What is DeFi Development Corp's earnings per share (EPS)?
DeFi Development Corp (DFDV) reported diluted earnings per share of $-1.95 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is DeFi Development Corp's EBITDA?
DeFi Development Corp (DFDV) had EBITDA of -$2.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does DeFi Development Corp have?
As of fiscal year 2024, DeFi Development Corp (DFDV) had $2.5M in cash and equivalents against $0 in long-term debt.
What is DeFi Development Corp's operating margin?
DeFi Development Corp (DFDV) had an operating margin of -143.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is DeFi Development Corp's net profit margin?
DeFi Development Corp (DFDV) had a net profit margin of -129.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is DeFi Development Corp's free cash flow?
DeFi Development Corp (DFDV) generated -$2.4M in free cash flow during fiscal year 2024. This represents a -52.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is DeFi Development Corp's operating cash flow?
DeFi Development Corp (DFDV) generated -$2.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are DeFi Development Corp's total assets?
DeFi Development Corp (DFDV) had $4.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are DeFi Development Corp's capital expenditures?
DeFi Development Corp (DFDV) invested $20K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does DeFi Development Corp spend on research and development?
DeFi Development Corp (DFDV) invested $655K in research and development during fiscal year 2024.
Does DeFi Development Corp buy back shares?
Yes, DeFi Development Corp (DFDV) spent $5K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does DeFi Development Corp have outstanding?
DeFi Development Corp (DFDV) had 10M shares outstanding as of fiscal year 2024.
What is DeFi Development Corp's current ratio?
DeFi Development Corp (DFDV) had a current ratio of 5.52 as of fiscal year 2024, which is generally considered healthy.
What is DeFi Development Corp's debt-to-equity ratio?
DeFi Development Corp (DFDV) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is DeFi Development Corp's return on assets (ROA)?
DeFi Development Corp (DFDV) had a return on assets of -62.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is DeFi Development Corp's cash runway?
Based on fiscal year 2024 data, DeFi Development Corp (DFDV) had $2.5M in cash against an annual operating cash burn of $2.4M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is DeFi Development Corp's Piotroski F-Score?
DeFi Development Corp (DFDV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are DeFi Development Corp's earnings high quality?
DeFi Development Corp (DFDV) has an earnings quality ratio of 0.89x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is DeFi Development Corp?
DeFi Development Corp (DFDV) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.