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

DEFI DEVELOPMENT Warrent (DFDVW) reported diluted earnings per share of -$4.00 for fiscal year 2025. 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 (DFDVW) Financials

DFDVW

FY2025 annual

Revenue $11.4M +442.3% YoY

Net Income -$73.8M -2605.8% YoY

EPS (Diluted) -$4.00 YoY not available

Free Cash Flow -$18.0M -636.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-K for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DFDVW SEC filings page.

DEFI DEVELOPMENT Warrent (DFDVW) reported $11.4M in revenue for fiscal year 2025, up 442.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI DFDVW FY2025 2026-08-29

Revenue expansion is being overwhelmed by operating cost growth and externally funded balance-sheet expansion.

Revenue rose more than fivefold from FY2024 to FY2025 while gross margin remained near 98%, pointing to a constraint below gross profit rather than in production costs. SG&A reached $14.3M as operating margin deteriorated to -319.7%, showing overhead outpaced the revenue gain.

In FY2025, operating cash flow of -$18.0M nearly matched free cash flow of -$18.0M; that near-equality indicates the cash shortfall was primarily operating rather than reinvestment-led.

Balance-sheet expansion brought assets to $307.4M alongside $242.9M of financing inflow, indicating growth was funded externally rather than by internally generated cash. Debt-to-equity reached 1.3x while the current ratio fell to 1.5x from 5.5x, leaving a more leveraged, less liquid posture than FY2024.

Financial Health Signals

Financial health score not available

DEFI DEVELOPMENT Warrent does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Weak

2/9

DEFI DEVELOPMENT Warrent passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

DEFI DEVELOPMENT Warrent reported a net loss of $73.8M while operations used $18.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

DEFI DEVELOPMENT Warrent reported an operating loss of $36.4M against $8.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$3.3M

YoY+66.9%

QoQ+24.4%

DEFI DEVELOPMENT Warrent generated $3.3M in revenue in Q2 2026. This represents an increase of 66.9% from the same quarter a year earlier. Against the prior quarter it is up 24.4%.

EBITDA

-$22.5M

YoY-228.6%

QoQ+59.0%

DEFI DEVELOPMENT Warrent's EBITDA was -$22.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 228.6% from the same quarter a year earlier. Against the prior quarter it is up 59.0%.

Net Income

-$27.3M

YoY-276.8%

QoQ+67.3%

DEFI DEVELOPMENT Warrent reported -$27.3M in net income in Q2 2026. This represents a decrease of 276.8% from the same quarter a year earlier. Against the prior quarter it is up 67.3%.

EPS (Diluted)

-$1.00

YoY-219.0%

QoQ+68.6%

DEFI DEVELOPMENT Warrent earned -$1.00 per diluted share (EPS) in Q2 2026. This represents a decrease of 219.0% from the same quarter a year earlier. Against the prior quarter it is up 68.6%.

Cash & Balance Sheet

Cash & Debt

$4.3M

YoY+75.5%

QoQ+17.7%

DEFI DEVELOPMENT Warrent held $4.3M in cash against $120.6M in long-term debt as of Q2 2026.

Shares Outstanding

31M

YoY+47.3%

QoQ+2.9%

DEFI DEVELOPMENT Warrent had 31M shares outstanding in Q2 2026. This represents an increase of 47.3% from the same quarter a year earlier. Against the prior quarter it is up 2.9%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

99.4%

YoY+0.8pp

QoQ+3.2pp

DEFI DEVELOPMENT Warrent's gross margin was 99.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$83K

YoY-73.5%

QoQ-41.1%

DEFI DEVELOPMENT Warrent invested $83K in research and development in Q2 2026. This represents a decrease of 73.5% from the same quarter a year earlier. Against the prior quarter it is down 41.1%.

Share Buybacks

QoQ-100.0%

DEFI DEVELOPMENT Warrent repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures

Not reported for Q2 2026.

DFDVW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DFDVW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K
Revenue	$15.1M	$11.4M+442.3%	$2.1M+4.8%	$2.0M-6.9%	$2.2M
Cost of Revenue	$338K	$249K+678.1%	$32K	N/A	N/A
Gross Profit	$14.8M	$11.1M+438.6%	$2.1M	N/A	N/A
R&D Expenses	$884K	$1.1M+74.4%	$655K-17.3%	$792K+85.6%	$427K
SG&A Expenses	$19.2M	$14.3M+448.6%	$2.6M-1.1%	$2.6M+45.0%	$1.8M
Operating Income	-$130.8M	-$36.4M-1112.1%	-$3.0M+11.8%	-$3.4M-97.9%	-$1.7M
EBITDA	N/A	-$35.4M-1211.3%	-$2.7M+20.8%	-$3.4M-97.9%	-$1.7M
Interest Expense	$12.5M	$8.9M+65.4%	$5.4M	N/A	N/A
Income Tax	-$1.2M	$9K	$0	N/A	N/A
Net Income	-$199.1M	-$73.8M-2605.8%	-$2.7M+19.2%	-$3.4M-167.4%	-$1.3M
EPS (Basic)	N/A	-$4.00-1328.6%	-$0.28+91.2%	-$3.19-1672.2%	-$0.18
EPS (Diluted)	-$9.97	-$4.00	-$0.28	-$3.19	-$0.18
Diluted Shares (Avg)	N/A	18M	10M	1M	7M

Metric	Q2'2610-K	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$3.3M+66.9%	$2.7M+827.7%	$4.5M+614.0%	$4.6M+647.2%	$2.0M+350.3%	$287K-30.2%	$629K+79.5%	$619K+6.0%
Cost of Revenue	$21K-25.0%	$103K+1371.4%	$126K+1610.3%	$88K+1000.0%	$28K+250.0%	$7K-18.9%	$7K	$8K
Gross Profit	$3.3M+68.2%	$2.6M+814.1%	$4.4M+602.2%	$4.5M+642.5%	$2.0M+352.3%	$280K-30.4%	$621K	$611K+4.7%
R&D Expenses	$83K-73.5%	$141K-16.6%	$391K+121.4%	$269K+78.1%	$313K+103.2%	$169K-2.5%	$177K-49.5%	$151K-38.8%
SG&A Expenses	$4.1M-13.2%	$6.0M+1006.1%	$5.5M+790.0%	$3.6M+533.3%	$4.7M+601.2%	$543K-28.4%	$622K-3.3%	$564K-53.4%
Operating Income	-$22.8M-232.9%	-$55.2M-6153.7%	-$124.8M-18285.5%	$72.1M+15978.0%	$17.2M+2117.6%	-$883K+13.3%	-$679K+45.5%	-$454K+72.3%
EBITDA	-$22.5M-228.6%	-$54.9M-6486.9%	-$124.4M-22702.2%	$72.4M+18074.7%	$17.5M+2279.7%	-$833K+11.9%	-$546K+56.2%	-$403K+75.4%
Interest Expense	$2.1M+176.6%	$2.2M	$5.2M	$2.9M	$770K	$0+100.0%	N/A	N/A
Income Tax	$1K-99.9%	$0	-$19.1M	$17.9M	$1.2M	$0	N/A	N/A
Net Income	-$27.3M-276.8%	-$83.4M-10618.5%	-$144.5M-29564.9%	$56.0M+11995.1%	$15.4M+2017.0%	-$778K+19.3%	-$487K+58.6%	-$471K+70.2%
EPS (Basic)	-$1.00-191.7%	-$3.18-3875.0%	-$8.71-17320.0%	$2.70+5500.0%	$1.09+1462.5%	-$0.08+88.6%	-$0.05+58.3%	-$0.05+70.6%
EPS (Diluted)	-$1.00-219.0%	-$3.18	-$7.74	$1.95	$0.84	-$0.08	-$0.05	-$0.05+70.6%
Diluted Shares (Avg)	27M+41.5%	26M	N/A	30M	19M	10M	N/A	10M+6.8%

DFDVW Balance Sheet

DFDVW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K
Total Assets	$307.4M+6924.9%	$4.4M-34.5%	$6.7M+399.9%	$1.3M
Current Assets	$121.9M+3622.9%	$3.3M-38.1%	$5.3M+415.3%	$1.0M
Cash & Equivalents	$5.9M+136.8%	$2.5M-50.7%	$5.1M+417.3%	$981K
Short-Term Investments	$3.7M+980.9%	$340K	$0	$0
Accounts Receivable	$52K-73.3%	$195K+126.4%	$86K+125.0%	$38K
Long-Term Investments	$0	$0	$0	$0
Goodwill	$607K0.0%	$607K+0.1%	$607K	$0
Total Liabilities	$208.1M+23715.7%	$874K+0.7%	$868K+6.9%	$812K
Current Liabilities	$80.8M+13523.6%	$593K-12.2%	$675K+229.5%	$205K
Non-Current Liabilities	$127.4M+45224.2%	$281K+45.8%	$193K-68.2%	$607K
Long-Term Debt	$127.4M	$0	N/A	N/A
Total Equity	$99.3M+2734.4%	$3.5M-39.8%	$5.8M+1007.2%	$525K
Retained Earnings	-$91.8M-879.4%	-$9.4M-41.0%	-$6.6M-103.2%	-$3.3M

Metric	Q2'2610-K	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$203.3M+89.6%	$229.7M+5424.6%	$307.4M+6924.9%	$480.0M+10601.8%	$107.2M+2155.3%	$4.2M-24.3%	$4.4M-34.5%	$4.5M-28.1%
Current Assets	$114.6M+1955.4%	$127.8M+4082.5%	$121.9M+3622.9%	$174.4M+5504.6%	$5.6M+63.1%	$3.1M-26.9%	$3.3M-38.1%	$3.1M-49.3%
Cash & Equivalents	$4.3M+75.5%	$3.7M+104.6%	$5.9M+136.8%	$8.8M+217.9%	$2.5M-23.7%	$1.8M-54.1%	$2.5M-50.7%	$2.8M-52.4%
Short-Term Investments	$1.9M+227.7%	$2.7M+533.0%	$3.7M+980.9%	$1.4M	$595K	$425K	$340K	$0
Accounts Receivable	N/A	N/A	$52K-73.3%	$52K-68.6%	$1.1M+883.1%	$631K+422.8%	$195K+126.4%	$166K+29.8%
Long-Term Investments	$0	$0	$0	$0-100.0%	$0	$0	$0	$173K
Goodwill	$607K0.0%	$607K+0.1%	$607K0.0%	$607K+0.1%	$607K+0.1%	$607K0.0%	$607K+0.1%	$607K
Total Liabilities	$215.4M+679.8%	$219.5M+16654.1%	$208.1M+23715.7%	$236.2M+44543.8%	$27.6M+5494.4%	$1.3M+147.8%	$874K+0.7%	$529K+116.5%
Current Liabilities	$94.8M+1743.7%	$91.7M+8581.5%	$80.8M+13523.6%	$85.5M+24332.4%	$5.1M+1533.2%	$1.1M+202.0%	$593K-12.2%	$350K+61.6%
Non-Current Liabilities	$120.6M+436.4%	$127.8M+50307.3%	$127.4M+45224.2%	$150.6M+84119.8%	$22.5M+12468.6%	$253K+41.8%	$281K+45.8%	$179K+546.5%
Long-Term Debt	$120.6M+468.4%	$127.8M	$127.4M	$131.4M	$21.2M	N/A	$0	N/A
Total Equity	-$12.0M-115.1%	$10.2M+257.9%	$99.3M+2734.4%	$243.8M+6062.9%	$79.6M+1768.4%	$2.8M-42.6%	$3.5M-39.8%	$4.0M-34.0%
Retained Earnings	-$202.6M-3933.7%	-$175.3M-1627.3%	-$91.8M-879.4%	$61.3M+790.1%	$5.3M+162.8%	-$10.1M-33.4%	-$9.4M-41.0%	-$8.9M-62.5%

Not reported in any period shown, so not listed: Inventory.

DFDVW Cash Flow Statement

DFDVW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K
Operating Cash Flow	-$30.0M	-$18.0M-643.1%	-$2.4M-54.3%	-$1.6M-53.1%	-$1.0M
Depreciation & Amortization	N/A	$1.0M+240.4%	$307K+33562.3%	$912	$0
Stock-Based Compensation	N/A	$1.7M+305.3%	$413K-56.3%	$944K+78.2%	$530K
Capital Expenditures	N/A	$2K-91.3%	$23K-20.8%	$29K	$0
Free Cash Flow	N/A	-$18.0M-636.1%	-$2.4M-52.9%	-$1.6M-56.0%	-$1.0M
Investing Cash Flow	-$133.7M	-$221.5M-963130.4%	-$23K+74.2%	-$89K	$0
Financing Cash Flow	$165.6M	$242.9M+205958.5%	-$118K-102.1%	$5.8M+1833.0%	$298K
Share Buybacks	N/A	$11.5M+230300.0%	$5K	N/A	N/A

Metric	Q2'2610-K	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$4.3M-237.3%	-$9.8M-1150.6%	-$10.9M-6003.9%	-$5.0M-1109.7%	-$1.3M-86.8%	-$785K+31.5%	-$179K+72.9%	-$412K+29.7%
Depreciation & Amortization	$352K+21.0%	$351K+602.0%	$352K+162.7%	$352K+590.2%	$291K+482.0%	$50K-31.5%	$134K+16546.0%	$51K+47563.6%
Stock-Based Compensation	$1.7M+81.1%	$720K+1233.3%	N/A	$331K+562.0%	$952K+806.7%	$54K-50.1%	N/A	$50K-95.9%
Capital Expenditures	N/A	N/A	$0-100.0%	$0	N/A	N/A	$10K-49.9%	$0-100.0%
Free Cash Flow	N/A	N/A	-$10.9M-5681.0%	-$5.0M-1109.7%	N/A	N/A	-$189K+72.2%	-$412K+30.8%
Investing Cash Flow	$10.4M+117.0%	$16.2M	$14.8M+211071.4%	-$175.1M-5835233.3%	-$61.3M-924583.0%	$0+100.0%	-$7K+91.2%	-$3K+66.9%
Financing Cash Flow	-$5.4M-108.6%	-$8.6M-12401.4%	-$6.7M-10243.1%	$186.4M+345238.9%	$63.2M+27237600.0%	$70K+5581.8%	-$65K	-$54K-101.1%
Share Buybacks	$0	$10.5M	N/A	N/A	$0	$0	$0	N/A

Not reported in any period shown, so not listed: Dividends Paid.

DFDVW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DFDVW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K
Gross Margin	97.8%-0.7pp	98.5%	N/A	N/A
Operating Margin	-319.7%	-143.0%	-170.0%	-80.0%
Net Margin	-648.1%	-129.9%	-168.4%	-58.7%
Return on Equity	-74.3%+3.5pp	-77.9%-19.9pp	-58.0%+182.1pp	-240.2%
Return on Assets	-24.0%+38.3pp	-62.3%-11.8pp	-50.5%+43.9pp	-94.4%
Current Ratio	1.51-4.0x	5.52-2.3x	7.84+2.8x	5.01
Debt-to-Equity	1.28+1.3x	0.00-0.1x	0.15-1.4x	1.54
Asset Turnover	0.04-0.4x	0.48+0.2x	0.30-1.3x	1.61
FCF Margin	-157.8%	-116.3%	-79.7%-32.1pp	-47.6%

Metric	Q2'2610-K	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	99.4%+0.8pp	96.1%-1.4pp	97.2%-1.6pp	98.1%-0.6pp	98.6%+0.4pp	97.6%-0.3pp	98.8%	98.7%-1.3pp
Operating Margin	-689.2%	-2072.8%	-2780.7%	1558.6%	865.6%	-307.5%	-108.0%	-73.3%
Net Margin	-823.4%	-3130.3%	-3219.1%	1211.4%	777.0%	-270.9%	-77.5%	-76.1%
Return on Equity	N/A	-818.0%-790.7pp	-145.5%-131.6pp	23.0%+34.9pp	19.4%+38.3pp	-27.3%-7.9pp	-13.9%+6.3pp	-11.9%+14.4pp
Return on Assets	-13.4%-27.8pp	-36.3%-17.6pp	-47.0%-35.9pp	11.7%+22.2pp	14.4%+31.3pp	-18.7%-1.1pp	-11.1%+6.5pp	-10.5%+14.8pp
Current Ratio	1.21+0.1x	1.39-1.5x	1.51-4.0x	2.04-6.8x	1.08-9.8x	2.89-9.0x	5.52-2.3x	8.89-19.4x
Debt-to-Equity	N/A	12.53+12.1x	1.28+1.3x	0.54+0.4x	0.27+0.2x	0.46+0.4x	0.00-0.1x	0.13+0.1x
Asset Turnover	0.020.0x	0.01-0.1x	0.01-0.1x	0.01-0.1x	0.02-0.1x	0.070.0x	0.14+0.1x	0.140.0x
FCF Margin	N/A	N/A	-243.5%	-107.8%	N/A	N/A	-30.1%	-66.6%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Where DEFI DEVELOPMENT Warrent Ranks

Frequently Asked Questions

What is DEFI DEVELOPMENT Warrent's annual revenue?

DEFI DEVELOPMENT Warrent (DFDVW) reported $11.4M in total revenue for fiscal year 2025. This represents a 442.3% 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 442.3% year-over-year, from $2.1M to $11.4M in fiscal year 2025.

Is DEFI DEVELOPMENT Warrent profitable?

No, DEFI DEVELOPMENT Warrent (DFDVW) reported a net income of -$73.8M in fiscal year 2025.

What is DEFI DEVELOPMENT Warrent's EBITDA?

DEFI DEVELOPMENT Warrent (DFDVW) had EBITDA of -$35.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does DEFI DEVELOPMENT Warrent have?

As of fiscal year 2025, DEFI DEVELOPMENT Warrent (DFDVW) had $5.9M in cash and equivalents against $127.4M in long-term debt.

What is DEFI DEVELOPMENT Warrent's gross margin?

DEFI DEVELOPMENT Warrent (DFDVW) had a gross margin of 97.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

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

DEFI DEVELOPMENT Warrent (DFDVW) has a return on equity of -74.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is DEFI DEVELOPMENT Warrent's free cash flow?

DEFI DEVELOPMENT Warrent (DFDVW) recorded an outflow of $18.0M in free cash flow during fiscal year 2025. This represents a -636.1% 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) recorded an outflow of $18.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are DEFI DEVELOPMENT Warrent's total assets?

DEFI DEVELOPMENT Warrent (DFDVW) had $307.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are DEFI DEVELOPMENT Warrent's capital expenditures?

DEFI DEVELOPMENT Warrent (DFDVW) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

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

DEFI DEVELOPMENT Warrent (DFDVW) invested $1.1M in research and development during fiscal year 2025.

Does DEFI DEVELOPMENT Warrent buy back shares?

Yes, DEFI DEVELOPMENT Warrent (DFDVW) spent $11.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does DEFI DEVELOPMENT Warrent have outstanding?

DEFI DEVELOPMENT Warrent (DFDVW) had 29M shares outstanding as of fiscal year 2025.

What is DEFI DEVELOPMENT Warrent's current ratio?

DEFI DEVELOPMENT Warrent (DFDVW) had a current ratio of 1.51 as of fiscal year 2025, 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 1.28 as of fiscal year 2025, 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 -24.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

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 to 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) reported a net loss of $73.8M while operations used $18.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

Can DEFI DEVELOPMENT Warrent cover its interest payments?

DEFI DEVELOPMENT Warrent (DFDVW) reported an operating loss of $36.4M against $8.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.