DeFi Development Corp. Files Form 10-Q, Reports Unrealized Gain of $74M

Rhea-AI Summary

DeFi Development Corp (Nasdaq: DFDV) filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025. The company reported a $74M gain from changes in fair value of digital assets for the quarter and $96M year-to-date. A brief filing delay was caused by a recent information technology disruption that affected the company's IT, accounting, and reporting systems. The company said the delay does not affect its current or future eligibility to use Form S-3. The Form 10-Q is available on the SEC website and on the company investor relations page; additional updates and commentary are on the company blog.

Positive

• Quarterly unrealized gain of $74M
• Year-to-date unrealized gain of $96M
• Form 10-Q filed and available on the SEC website

Negative

• Information technology disruption impacted accounting and reporting systems
• Brief delay in filing the Form 10-Q

News Market Reaction

-4.32%

5 alerts

-4.32% News Effect

+7.6% Peak in 15 hr 8 min

-$11M Valuation Impact

$233M Market Cap

0.6x Rel. Volume

On the day this news was published, DFDV declined 4.32%, reflecting a moderate negative market reaction. Argus tracked a peak move of +7.6% during that session. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $11M from the company's valuation, bringing the market cap to $233M at that time.

Data tracked by StockTitan Argus on the day of publication.

BOCA RATON, FL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2025.

The Company reported a gain from changes in fair value of digital assets of $74M for the quarter and $96M year-to-date.

The brief delay in filing was due to a recent information technology disruption that impacted the Company’s information technology, accounting, and reporting systems.

The delay does not impact the Company’s current or future eligibility to use Form S-3. The Form 10-Q is available on the SEC’s website and on the Company’s investor relations page.

For more information, visit defidevcorp.com. To stay up to date with the latest developments and insights, subscribe to our blog.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

What did DeFi Development Corp (DFDV) report for the quarter ended September 30, 2025?

DFDV reported a $74M gain from changes in fair value of digital assets for the quarter and $96M year-to-date.

Why was DeFi Development Corp's Form 10-Q filing delayed on November 19, 2025?

The company said a recent information technology disruption affected its IT, accounting, and reporting systems, causing a brief delay.

Does the filing delay affect DeFi Development Corp's ability to use Form S-3?

No. The company stated the delay does not impact its current or future eligibility to use Form S-3.

Where can investors access DeFi Development Corp's Form 10-Q filed November 19, 2025?

The Form 10-Q is available on the SEC website and on DeFi Development Corp's investor relations page.

How large were DeFi Development Corp's year-to-date unrealized gains through September 30, 2025?

Year-to-date unrealized gains were reported at $96M.