What is DEFI DEVELOPMENT Warrent's earnings per share (EPS)?

DEFI DEVELOPMENT Warrent (DFDVW) 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.

DEFI DEVELOPMENT Warrent Financials

DFDVW

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows DEFI DEVELOPMENT Warrent (DFDVW) 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

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

DEFI DEVELOPMENT Warrent 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.

Growth

DEFI DEVELOPMENT Warrent's revenue grew a modest 4.8% year-over-year to $2.1M. This slow but positive growth earns a score of 41/100.

Leverage

100

DEFI DEVELOPMENT Warrent 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.

Liquidity

100

With a current ratio of 5.52, DEFI DEVELOPMENT Warrent holds $5.52 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While DEFI DEVELOPMENT Warrent 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.

Returns

DEFI DEVELOPMENT Warrent generates a -77.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -58.0% the prior year.

Piotroski F-Score Weak

2/9

DEFI DEVELOPMENT Warrent 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.

Earnings Quality Low Quality

0.89x

For every $1 of reported earnings, DEFI DEVELOPMENT Warrent 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

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Earnings & Revenue

Revenue

$2.1M

YoY+4.8%

DEFI DEVELOPMENT Warrent generated $2.1M in revenue in fiscal year 2024. This represents an increase of 4.8% from the prior year.

EBITDA

-$2.8M

YoY+18.3%

DEFI DEVELOPMENT Warrent'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.

Net Income

-$2.7M

YoY+19.2%

DEFI DEVELOPMENT Warrent reported -$2.7M in net income in fiscal year 2024. This represents an increase of 19.2% from the prior year.

EPS (Diluted)

$-1.95

DEFI DEVELOPMENT Warrent earned $-1.95 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$2.4M

YoY-52.7%

DEFI DEVELOPMENT Warrent 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.

Cash & Debt

$2.5M

YoY-50.7%

DEFI DEVELOPMENT Warrent held $2.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

10M

DEFI DEVELOPMENT Warrent had 10M shares outstanding in fiscal year 2024. This represents an increase of 617.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-143.1%

YoY+26.9pp

DEFI DEVELOPMENT Warrent'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.

Net Margin

-129.9%

YoY+38.5pp

DEFI DEVELOPMENT Warrent'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.

Return on Equity

-77.9%

YoY-19.9pp

DEFI DEVELOPMENT Warrent's ROE was -77.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 19.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$655K

YoY-17.3%

DEFI DEVELOPMENT Warrent invested $655K in research and development in fiscal year 2024. This represents a decrease of 17.3% from the prior year.

Share Buybacks

$5K

DEFI DEVELOPMENT Warrent spent $5K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$20K

YoY-31.8%

DEFI DEVELOPMENT Warrent 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.

DFDVW Income Statement

Metric	FY24	FY23	FY22
Revenue	$2.1M+4.8%	$2.0M-6.9%	$2.2M
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	$655K-17.3%	$792K+85.6%	$427K
SG&A Expenses	$2.6M-1.0%	$2.6M+45.0%	$1.8M
Operating Income	-$3.0M+11.8%	-$3.4M-97.9%	-$1.7M
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	-$2.7M+19.2%	-$3.4M-167.4%	-$1.3M
EPS (Diluted)	$-1.95	$-3.19	$-0.18

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$4.6M+132.9%	$2.0M+591.6%	$287K-54.3%	$629K+1.5%	$619K+40.4%	$441K+7.3%	$411K+17.4%	$350K
Cost of Revenue	$88K+214.3%	$28K	N/A	N/A	$8K0.0%	$8K-7.3%	$9K	N/A
Gross Profit	$4.5M+131.7%	$2.0M	N/A	N/A	$611K+41.1%	$433K+7.6%	$403K	N/A
R&D Expenses	$269K-14.1%	$313K+85.2%	$169K-4.2%	$176K+16.8%	$151K-1.9%	$154K-11.2%	$173K-50.4%	$350K
SG&A Expenses	$3.6M-23.6%	$4.7M+759.9%	$544K-12.7%	$623K+10.4%	$564K-15.4%	$667K-12.1%	$759K+17.9%	$644K
Operating Income	$72.1M+319.3%	$17.2M+2046.4%	-$883K-30.0%	-$679K-49.6%	-$454K+46.7%	-$852K+16.3%	-$1.0M+18.3%	-$1.2M
Interest Expense	$2.9M+278.0%	$776K+4058.2%	-$20K	N/A	N/A	N/A	-$51K	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-3.4%	-$471K+41.5%	-$805K+16.5%	-$964K+18.1%	-$1.2M
EPS (Diluted)	$1.83+117.9%	$0.84+252.7%	$-0.55	N/A	$-0.05+37.5%	$-0.08+88.6%	$-0.70	N/A

DFDVW Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$4.4M-34.5%	$6.7M+399.9%	$1.3M
Current Assets	$3.3M-38.1%	$5.3M+415.3%	$1.0M
Cash & Equivalents	$2.5M-50.7%	$5.1M+417.3%	$981K
Inventory	N/A	N/A	N/A
Accounts Receivable	$195K+126.4%	$86K+125.0%	$38K
Goodwill	$607K+0.1%	$607K	$0
Total Liabilities	$874K+0.7%	$868K+6.9%	$812K
Current Liabilities	$593K-12.2%	$675K+229.5%	$205K
Long-Term Debt	$0	N/A	N/A
Total Equity	$3.5M-39.8%	$5.8M+1007.0%	$525K
Retained Earnings	-$9.4M-41.0%	-$6.6M-103.2%	-$3.3M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$480.0M+347.6%	$107.2M+2478.9%	$4.2M-5.0%	$4.4M-2.4%	$4.5M-5.7%	$4.8M-13.4%	$5.5M-17.9%	$6.7M
Current Assets	$174.4M+3026.7%	$5.6M+82.6%	$3.1M-6.7%	$3.3M+5.2%	$3.1M-9.0%	$3.4M-18.1%	$4.2M-21.1%	$5.3M
Cash & Equivalents	$8.8M+256.3%	$2.5M+37.2%	$1.8M-28.0%	$2.5M-9.7%	$2.8M-14.5%	$3.2M-17.5%	$3.9M-22.7%	$5.1M
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+17.6%	$166K+49.1%	$111K-7.9%	$121K+40.2%	$86K
Goodwill	$607K0.0%	$607K+0.1%	$607K-0.1%	$607K+0.1%	$607K0.0%	$607K0.0%	$607K0.0%	$607K
Total Liabilities	$236.2M+755.1%	$27.6M+2007.8%	$1.3M+49.9%	$874K+65.2%	$529K+7.2%	$494K-6.6%	$529K-39.1%	$868K
Current Liabilities	$85.5M+1563.7%	$5.1M+386.6%	$1.1M+78.2%	$593K+69.4%	$350K+11.2%	$315K-10.0%	$350K-48.2%	$675K
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-11.5%	$4.0M-7.2%	$4.3M-14.1%	$5.0M-14.7%	$5.8M
Retained Earnings	$61.3M+1060.3%	$5.3M+152.1%	-$10.1M-8.3%	-$9.4M-5.5%	-$8.9M-5.6%	-$8.4M-10.6%	-$7.6M-14.5%	-$6.6M

DFDVW Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	-$2.4M-54.3%	-$1.6M-53.1%	-$1.0M
Capital Expenditures	$20K-31.8%	$29K	$0
Free Cash Flow	-$2.4M-52.7%	-$1.6M-56.0%	-$1.0M
Investing Cash Flow	-$22K+74.9%	-$89K	$0
Financing Cash Flow	-$118K-102.0%	$5.8M+1833.0%	$298K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$5K	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$5.0M-292.0%	-$1.3M-61.8%	-$786K-338.2%	-$179K+56.5%	-$412K+39.5%	-$681K+40.6%	-$1.1M-73.8%	-$659K
Capital Expenditures	$0	N/A	N/A	$7K	$0-100.0%	$7K+3.9%	$6K-68.1%	$20K
Free Cash Flow	-$5.0M	N/A	N/A	-$186K+54.8%	-$412K+40.1%	-$687K+40.4%	-$1.2M-69.7%	-$679K
Investing Cash Flow	-$175.1M	N/A	N/A	-$6K-110.3%	-$3K+54.7%	-$7K-3.9%	-$6K+92.0%	-$80K
Financing Cash Flow	$186.4M+194.9%	$63.2M+90513.7%	$70K+208.1%	-$65K-19.5%	-$54K-23175.9%	-$232-118.8%	$1K	$0
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

DFDVW Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A
Operating Margin	-143.1%+26.9pp	-170.0%-90.0pp	-80.0%
Net Margin	-129.9%+38.5pp	-168.4%-109.8pp	-58.7%
Return on Equity	-77.9%-19.9pp	-58.0%+182.1pp	-240.2%
Return on Assets	-62.3%-11.8pp	-50.5%+43.9pp	-94.4%
Current Ratio	5.52-2.3	7.84+2.8	5.01
Debt-to-Equity	0.00-0.1	0.15-1.4	1.54
FCF Margin	-116.1%-36.4pp	-79.7%-32.1pp	-47.6%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	98.1%-0.5pp	98.6%	N/A	N/A	98.7%+0.5pp	98.2%+0.3pp	97.9%	N/A
Operating Margin	1558.6%+693.1pp	865.6%+1173.1pp	-307.5%-199.5pp	-108.1%-34.7pp	-73.3%+119.9pp	-193.2%+54.5pp	-247.7%+108.1pp	-355.8%
Net Margin	1211.4%+434.3pp	777.0%+1048.0pp	-270.9%-193.5pp	-77.5%-1.4pp	-76.1%+106.4pp	-182.5%+51.9pp	-234.5%+101.7pp	-336.2%
Return on Equity	23.0%+3.6pp	19.4%+46.7pp	-27.3%-13.4pp	-13.9%-2.0pp	-11.9%+7.0pp	-18.9%+0.5pp	-19.4%+0.8pp	-20.2%
Return on Assets	11.7%-2.7pp	14.4%+33.1pp	-18.7%-7.6pp	-11.1%-0.6pp	-10.5%+6.4pp	-16.9%+0.6pp	-17.6%+0.1pp	-17.6%
Current Ratio	2.04+1.0	1.08-1.8	2.89-2.6	5.52-3.4	8.89-2.0	10.86-1.1	11.94+4.1	7.84
Debt-to-Equity	0.54+0.3	0.27-0.2	0.46+0.5	0.00-0.1	0.13+0.0	0.120.0	0.11-0.0	0.15
FCF Margin	-107.8%	N/A	N/A	-29.6%+37.0pp	-66.6%+89.3pp	-155.9%+124.5pp	-280.4%-86.3pp	-194.0%

Frequently Asked Questions

What is DEFI DEVELOPMENT Warrent's annual revenue?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's revenue growing?

DEFI DEVELOPMENT Warrent (DFDVW) revenue grew by 4.8% year-over-year, from $2.0M to $2.1M in fiscal year 2024.

Is DEFI DEVELOPMENT Warrent profitable?

No, DEFI DEVELOPMENT Warrent (DFDVW) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -129.9%.

What is DEFI DEVELOPMENT Warrent's EBITDA?

DEFI DEVELOPMENT Warrent (DFDVW) had EBITDA of -$2.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does DEFI DEVELOPMENT Warrent have?

As of fiscal year 2024, DEFI DEVELOPMENT Warrent (DFDVW) had $2.5M in cash and equivalents against $0 in long-term debt.

What is DEFI DEVELOPMENT Warrent's operating margin?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's net profit margin?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's return on equity (ROE)?

DEFI DEVELOPMENT Warrent (DFDVW) has a return on equity of -77.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is DEFI DEVELOPMENT Warrent's free cash flow?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's operating cash flow?

DEFI DEVELOPMENT Warrent (DFDVW) generated -$2.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are DEFI DEVELOPMENT Warrent's total assets?

DEFI DEVELOPMENT Warrent (DFDVW) had $4.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are DEFI DEVELOPMENT Warrent's capital expenditures?

DEFI DEVELOPMENT Warrent (DFDVW) invested $20K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does DEFI DEVELOPMENT Warrent spend on research and development?

DEFI DEVELOPMENT Warrent (DFDVW) invested $655K in research and development during fiscal year 2024.

Does DEFI DEVELOPMENT Warrent buy back shares?

Yes, DEFI DEVELOPMENT Warrent (DFDVW) spent $5K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does DEFI DEVELOPMENT Warrent have outstanding?

DEFI DEVELOPMENT Warrent (DFDVW) had 10M shares outstanding as of fiscal year 2024.

What is DEFI DEVELOPMENT Warrent's current ratio?

DEFI DEVELOPMENT Warrent (DFDVW) had a current ratio of 5.52 as of fiscal year 2024, which is generally considered healthy.

What is DEFI DEVELOPMENT Warrent's debt-to-equity ratio?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's return on assets (ROA)?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's cash runway?

Based on fiscal year 2024 data, DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's Piotroski F-Score?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent's earnings high quality?

DEFI DEVELOPMENT Warrent (DFDVW) 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 Warrent?

DEFI DEVELOPMENT Warrent (DFDVW) scores 40 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.