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 DFUKF SEC filings page.
DEFI DEVELOPMENT CORP UK (DFUKF) 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).
The business expanded its asset base dramatically, but debt-funded growth has yet to translate into operating earnings or positive cash flow.
From FY2024 to FY2025, assets expanded 70.3x while revenue expanded only 5.4x, showing that the balance sheet grew far faster than the operating base. The 2025 financing inflow of$242.9M largely accompanied a$221.5M investing outflow, indicating expansion was funded externally rather than by internally generated cash.
A 97.8% gross margin did not translate into cash: operating cash flow was
Liabilities rose from
Financial Health Signals
DEFI DEVELOPMENT CORP UK 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.
DEFI DEVELOPMENT CORP UK 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.
DEFI DEVELOPMENT CORP UK 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.
DEFI DEVELOPMENT CORP UK 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
Earnings & Revenue
DEFI DEVELOPMENT CORP UK 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%.
DEFI DEVELOPMENT CORP UK'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%.
DEFI DEVELOPMENT CORP UK 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%.
DEFI DEVELOPMENT CORP UK 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
DEFI DEVELOPMENT CORP UK held $4.3M in cash against $120.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
DEFI DEVELOPMENT CORP UK'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.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
DEFI DEVELOPMENT CORP UK 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%.
DEFI DEVELOPMENT CORP UK repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
DFUKF 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.
| 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% |
DFUKF Balance Sheet
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.
| 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.
DFUKF Cash Flow 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.
| 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.
DFUKF 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.
| 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 CORP UK Ranks
Frequently Asked Questions
What is DEFI DEVELOPMENT CORP UK's annual revenue?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's revenue growing?
DEFI DEVELOPMENT CORP UK (DFUKF) revenue grew by 442.3% year-over-year, from $2.1M to $11.4M in fiscal year 2025.
Is DEFI DEVELOPMENT CORP UK profitable?
No, DEFI DEVELOPMENT CORP UK (DFUKF) reported a net income of -$73.8M in fiscal year 2025.
What is DEFI DEVELOPMENT CORP UK's EBITDA?
DEFI DEVELOPMENT CORP UK (DFUKF) had EBITDA of -$35.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does DEFI DEVELOPMENT CORP UK have?
As of fiscal year 2025, DEFI DEVELOPMENT CORP UK (DFUKF) had $5.9M in cash and equivalents against $127.4M in long-term debt.
What is DEFI DEVELOPMENT CORP UK's gross margin?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's return on equity (ROE)?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's free cash flow?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's operating cash flow?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's total assets?
DEFI DEVELOPMENT CORP UK (DFUKF) had $307.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are DEFI DEVELOPMENT CORP UK's capital expenditures?
DEFI DEVELOPMENT CORP UK (DFUKF) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does DEFI DEVELOPMENT CORP UK spend on research and development?
DEFI DEVELOPMENT CORP UK (DFUKF) invested $1.1M in research and development during fiscal year 2025.
What is DEFI DEVELOPMENT CORP UK's current ratio?
DEFI DEVELOPMENT CORP UK (DFUKF) had a current ratio of 1.51 as of fiscal year 2025, which is generally considered healthy.
What is DEFI DEVELOPMENT CORP UK's debt-to-equity ratio?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's return on assets (ROA)?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's Piotroski F-Score?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK's earnings high quality?
DEFI DEVELOPMENT CORP UK (DFUKF) 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 CORP UK cover its interest payments?
DEFI DEVELOPMENT CORP UK (DFUKF) 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.