Symbols / DFDV Stock $4.32 -4.64% DeFi Development Corp.

Financial Services • Asset Management • United States • NCM
DFDV (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Joseph Mario Onorati
Exch · Country NCM · United States
Market Cap 127.43M
Enterprise Value 245.30M
Income -73.79M
Sales 11.39M
FCF (ttm) -55.08M
Book/sh 3.32
Cash/sh 0.33
Employees 16
Insider 10d —
IPO Jul 25, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 0.99
Forward P/E -9.39
PEG —
P/S 11.19
P/B 1.30
P/C —
EV/EBITDA -7.37
EV/Sales 21.54
Quick Ratio 0.12
Current Ratio 1.51
Debt/Eq 128.42
LT Debt/Eq —
EPS (ttm) -4.00
EPS next Y -0.46
EPS Growth —
Revenue Growth 6.13%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-13
Earnings (prior) 2026-03-30
ROA -13.83%
ROE -143.61%
ROIC —
Gross Margin 97.81%
Oper. Margin -27.80%
Profit Margin 0.00%
Shs Outstand 29.50M
Shs Float 21.46M
Insider Own 30.03%
Instit Own 18.81%
Short Float 24.96%
Short Ratio 5.70
Short Interest 5.99M
52W High 53.88
vs 52W High -91.98%
52W Low 2.96
vs 52W Low 45.95%
Beta -4.94
Impl. Vol. 38.30%
Rel Volume 0.42
Avg Volume 1.19M
Volume 500.93K
Target (mean) $7.50
Tgt Median $7.50
Tgt Low $6.00
Tgt High $9.00
# Analysts 2
Recom None
Prev Close $4.53
Price $4.32
Change -4.64%
About

DeFi Development Corp. focuses on building its treasury around Solana (SOL). SOL is a blockchain infrastructure platform. The company operates through two segments, Digital Asset Treasury and Real Estate Platform. The Digital Asset Treasury segment executes and manages its treasury policy for the purpose of purchasing, holding, and compounding its digital asset holdings through staking and operating its owned validators. The Real Estate Platform segment provides a technology platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property, including apartment buildings and commercial property lenders. The company was formerly known as Janover Inc. and changed its name to DeFi Development Corp. in April 2025. DeFi Development Corp. was founded in 2018 and is headquartered in Boca Raton, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.50
Mean price target
2. Current target
$4.32
Latest analyst target
3. DCF / Fair value
$-33.61
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.32
Low
$6.00
High
$9.00
Mean
$7.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-06-16 init Cantor Fitzgerald — → Overweight $45
News
RSS: Latest DFDV news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-02 TOWNSEND ADAM R Director — 28,170 $0.00 $0
2026-04-01 JANOVER BLAKE E. Director — 70,000 — —
2026-02-17 CARAGOL WILLIAM J Director — 2,000 $0.00 $0
2026-02-17 HAN FEI Chief Financial Officer — 374,922 $0.00 $0
2026-02-17 TAI ZACHARY ARIS Director — 5,000 $0.00 $0
2026-02-17 PERFUMO THOMAS J Director — 7,000 $0.00 $0
2025-12-10 WHITE PARKER Chief Operating Officer — 17,760 $5.76 $102,298
2025-11-25 WHITE PARKER Chief Operating Officer — 10,044 $6.90 $69,424
2025-11-25 KANG DANIEL Officer — 4,200 $6.90 $28,980
2025-10-21 PERFUMO THOMAS J Director — 7,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11.39
+442.19%
2.10
+4.83%
2.00
-6.87%
2.15
Operating Revenue
11.39
+442.19%
2.10
+4.83%
2.00
-6.87%
2.15
Cost Of Revenue
0.25
+678.13%
0.03
0.00
—
Reconciled Cost Of Revenue
0.25
+678.13%
0.03
0.00
—
Gross Profit
11.14
+438.54%
2.07
+3.24%
2.00
—
Operating Expense
18.76
+269.99%
5.07
-6.23%
5.41
+39.69%
3.87
Research And Development
1.14
+74.35%
0.66
-17.31%
0.79
+85.59%
0.43
Selling General And Administration
16.57
+303.38%
4.11
-10.96%
4.62
+33.98%
3.44
Selling And Marketing Expense
2.25
+49.97%
1.50
+580.25%
0.22
-48.54%
0.43
General And Administrative Expense
14.33
+448.62%
2.61
-40.57%
4.39
+45.68%
3.02
Salaries And Wages
—
2.69
-22.41%
3.47
+33.28%
2.60
Other Gand A
14.33
+448.62%
2.61
+182.61%
0.92
+123.85%
0.41
Total Expenses
19.01
+272.55%
5.10
-5.64%
5.41
+39.69%
3.87
Operating Income
-7.62
-153.91%
-3.00
+11.80%
-3.40
-97.91%
-1.72
Total Operating Income As Reported
-36.40
-1112.05%
-3.00
+11.80%
-3.40
-97.91%
-1.72
EBITDA
-63.80
-2536.49%
-2.42
+28.91%
-3.40
-97.86%
-1.72
Normalized EBITDA
-6.40
-137.43%
-2.70
+17.91%
-3.28
-52.42%
-2.15
Reconciled Depreciation
1.04
+240.39%
0.31
+33562.28%
0.00
0.00
EBIT
-64.85
-2278.00%
-2.73
+19.91%
-3.40
-97.91%
-1.72
Total Unusual Items
-57.40
-20897.83%
0.28
+330.33%
-0.12
-127.60%
0.43
Total Unusual Items Excluding Goodwill
-57.40
-20897.83%
0.28
+330.33%
-0.12
-127.60%
0.43
Special Income Charges
-1.96
0.00
0.00
—
Impairment Of Capital Assets
—
0.08
0.00
—
Net Income
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Pretax Income
-73.78
-2605.50%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Net Non Operating Interest Income Expense
-8.93
0.00
-100.00%
0.14
+1422.78%
0.01
Interest Expense Non Operating
8.93
0.00
—
0.00
Net Interest Income
-8.93
0.00
-100.00%
0.14
+1422.78%
0.01
Interest Expense
8.93
0.00
—
0.00
Interest Income Non Operating
—
0.16
+10.87%
0.14
+1422.78%
0.01
Interest Income
—
0.16
+10.87%
0.14
+1422.78%
0.01
Other Income Expense
-57.22
-20832.97%
0.28
+351.77%
-0.11
-124.39%
0.45
Other Non Operating Income Expenses
0.18
+2743.53%
0.01
-38.31%
0.01
-33.11%
0.02
Gain On Sale Of Security
-55.44
-20188.41%
0.28
+330.33%
-0.12
-127.60%
0.43
Gain On Sale Of Business
-1.96
0.00
—
—
Tax Provision
0.01
0.00
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
-12.05
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Net Income From Continuing Operation Net Minority Interest
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Net Income From Continuing And Discontinued Operation
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Net Income Continuous Operations
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Normalized Income
-28.44
-847.07%
-3.00
+7.71%
-3.25
-91.87%
-1.70
Net Income Common Stockholders
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Diluted EPS
-4.00
-1328.57%
-0.28
+38.56%
-0.46
-215.85%
-0.14
Basic EPS
-4.00
-1328.57%
-0.28
+38.56%
-0.46
-215.85%
-0.14
Basic Average Shares
18.45
+88.97%
9.77
+32.05%
7.40
-15.43%
8.74
Diluted Average Shares
18.45
+88.97%
9.77
+32.05%
7.40
-18.98%
9.13
Diluted NI Availto Com Stockholders
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Depreciation Amortization Depletion Income Statement
1.04
+240.39%
0.31
+33562.28%
0.00
—
Depreciation And Amortization In Income Statement
1.04
+240.39%
0.31
+33562.28%
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
307.41
+6924.91%
4.38
-34.53%
6.68
+399.94%
1.34
Current Assets
121.93
+3622.93%
3.27
-38.12%
5.29
+415.32%
1.03
Cash Cash Equivalents And Short Term Investments
9.60
+235.84%
2.86
-43.71%
5.08
+417.33%
0.98
Cash And Cash Equivalents
5.92
+135.20%
2.52
-50.41%
5.08
+417.33%
0.98
Cash Financial
—
—
—
0.98
Other Short Term Investments
3.67
+980.88%
0.34
0.00
—
Receivables
0.05
-73.33%
0.20
+126.38%
0.09
+124.98%
0.04
Accounts Receivable
0.05
-73.33%
0.20
+126.38%
0.09
+124.98%
0.04
Other Receivables
—
—
—
—
Prepaid Assets
0.43
+297.25%
0.11
-16.43%
0.13
+1623.90%
0.01
Current Deferred Assets
6.38
+5493.86%
0.11
0.00
—
Restricted Cash
103.94
0.00
—
—
Other Current Assets
1.53
—
—
—
Total Non Current Assets
185.48
+16746.87%
1.10
-20.89%
1.39
+349.01%
0.31
Net PPE
0.00
-100.00%
0.04
-54.90%
0.09
-17.09%
0.11
Gross PPE
—
0.06
-32.68%
0.09
-16.26%
0.11
Accumulated Depreciation
—
-0.01
-784.98%
-0.00
0.00
Machinery Furniture Equipment
—
0.05
+68.19%
0.03
0.00
Other Properties
—
0.01
-79.35%
0.06
-42.75%
0.11
Goodwill And Other Intangible Assets
3.63
+268.22%
0.98
-23.20%
1.28
+7828.19%
0.02
Goodwill
0.61
+0.00%
0.61
+0.06%
0.61
0.00
Other Intangible Assets
3.02
+698.94%
0.38
-44.08%
0.68
+4078.25%
0.02
Non Current Accounts Receivable
—
0.04
—
—
Non Current Deferred Assets
—
—
0.00
-100.00%
0.18
Other Non Current Assets
181.86
+550981.82%
0.03
+82.25%
0.02
+163.30%
0.01
Total Liabilities Net Minority Interest
208.15
+23715.68%
0.87
+0.71%
0.87
+6.94%
0.81
Current Liabilities
80.79
+13523.61%
0.59
-12.16%
0.68
+229.48%
0.20
Payables And Accrued Expenses
6.82
+1906.18%
0.34
-36.94%
0.54
+238.27%
0.16
Current Debt And Capital Lease Obligation
0.11
+667.96%
0.01
-73.58%
0.05
+15.85%
0.05
Current Debt
0.11
—
—
—
Other Current Borrowings
0.11
—
—
—
Current Capital Lease Obligation
—
0.01
-73.58%
0.05
+15.85%
0.05
Current Deferred Liabilities
0.08
-65.69%
0.24
+187.16%
0.08
0.00
Current Deferred Revenue
0.08
-65.69%
0.24
+187.16%
0.08
0.00
Other Current Liabilities
73.78
+526885.71%
0.01
—
—
Total Non Current Liabilities Net Minority Interest
127.36
+45224.20%
0.28
+45.78%
0.19
-68.23%
0.61
Long Term Debt And Capital Lease Obligation
127.36
0.00
-100.00%
0.01
-79.22%
0.07
Long Term Debt
127.36
—
—
—
Long Term Capital Lease Obligation
—
0.00
-100.00%
0.01
-79.22%
0.07
Non Current Deferred Liabilities
0.00
-100.00%
0.10
0.00
—
Non Current Deferred Revenue
0.00
-100.00%
0.10
0.00
—
Other Non Current Liabilities
—
0.18
+0.10%
0.18
—
Stockholders Equity
99.26
+2734.41%
3.50
-39.79%
5.82
+1007.01%
0.53
Common Stock Equity
99.26
+2734.41%
3.50
-39.79%
5.82
+1007.01%
0.53
Capital Stock
0.00
0.00
-100.00%
0.00
-80.28%
0.00
Common Stock
0.00
0.00
-100.00%
0.00
-80.28%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
29.89
+201.66%
9.91
+2.52%
9.67
+10.54%
8.74
Ordinary Shares Number
29.89
+201.66%
9.91
+2.52%
9.67
+10.54%
8.74
Additional Paid In Capital
202.58
+1473.81%
12.87
+3.31%
12.46
+228.31%
3.79
Retained Earnings
-91.77
-879.43%
-9.37
-41.04%
-6.64
-103.18%
-3.27
Gains Losses Not Affecting Retained Earnings
-0.03
0.00
—
—
Treasury Stock
11.52
0.00
—
—
Other Equity Adjustments
-0.03
—
—
—
Total Equity Gross Minority Interest
99.26
+2734.41%
3.50
-39.79%
5.82
+1007.01%
0.53
Total Capitalization
226.62
+6371.22%
3.50
-39.79%
5.82
+1007.01%
0.53
Working Capital
41.14
+1433.86%
2.68
-41.91%
4.62
+461.63%
0.82
Invested Capital
226.73
+6374.27%
3.50
-39.79%
5.82
+1007.01%
0.53
Total Debt
127.47
+914763.99%
0.01
-79.10%
0.07
-40.78%
0.11
Net Debt
121.55
—
—
—
Capital Lease Obligations
—
0.01
-79.10%
0.07
-40.78%
0.11
Net Tangible Assets
95.63
+3699.52%
2.52
-44.48%
4.53
+790.29%
0.51
Tangible Book Value
95.63
+3699.52%
2.52
-44.48%
4.53
+790.29%
0.51
Derivative Product Liabilities
—
—
0.00
-100.00%
0.54
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-17.97
-643.05%
-2.42
-54.25%
-1.57
-53.13%
-1.02
Cash Flow From Continuing Operating Activities
-17.97
-643.05%
-2.42
-54.25%
-1.57
-53.13%
-1.02
Net Income From Continuing Operations
-73.79
-2605.83%
-2.73
+19.17%
-3.37
-167.41%
-1.26
Depreciation Amortization Depletion
1.04
+240.39%
0.31
+33562.28%
0.00
0.00
Depreciation
—
—
0.00
0.00
Depreciation And Amortization
1.04
+240.39%
0.31
+33562.28%
0.00
0.00
Other Non Cash Items
-5.75
-2443.81%
-0.23
—
—
Stock Based Compensation
1.67
+305.33%
0.41
-72.20%
1.49
+180.31%
0.53
Asset Impairment Charge
—
0.08
0.00
—
Operating Gains Losses
52.56
+46209.65%
-0.11
-195.14%
0.12
+127.60%
-0.43
Gain Loss On Investment Securities
23.61
+20813.16%
-0.11
-195.14%
0.12
+127.60%
-0.43
Unrealized Gain Loss On Investment Securities
—
-0.11
0.00
—
Gain Loss On Sale Of PPE
26.99
0.00
—
—
Change In Working Capital
6.29
+8953.52%
-0.07
-135.49%
0.20
+40.58%
0.14
Change In Receivables
-0.60
-300.66%
-0.15
-215.56%
-0.05
-166.14%
0.07
Changes In Account Receivables
-0.60
-300.66%
-0.15
-215.56%
-0.05
-166.14%
0.07
Change In Prepaid Assets
0.31
+1088.46%
0.03
+122.37%
-0.12
-2147.06%
-0.01
Change In Payables And Accrued Expense
5.88
+3056.28%
-0.20
-152.40%
0.38
+376.99%
0.08
Change In Payable
—
—
—
—
Change In Account Payable
—
—
—
—
Change In Other Working Capital
0.79
+205.04%
0.26
+4896.43%
-0.01
—
Change In Other Current Assets
-0.12
-6100.00%
-0.00
+82.19%
-0.01
-150.50%
-0.00
Change In Other Current Liabilities
0.04
+1300.00%
-0.00
-409.60%
0.00
0.00
Investing Cash Flow
-221.54
-963130.43%
-0.02
+74.17%
-0.09
0.00
Cash Flow From Continuing Investing Activities
-221.54
-963130.43%
-0.02
+74.17%
-0.09
0.00
Net PPE Purchase And Sale
-0.00
+91.30%
-0.02
+20.82%
-0.03
0.00
Purchase Of PPE
-0.00
+91.30%
-0.02
+20.82%
-0.03
0.00
Capital Expenditure
-217.32
-944769.57%
-0.02
+20.82%
-0.03
—
Net Investment Purchase And Sale
-17.97
0.00
—
—
Purchase Of Investment
-19.72
0.00
—
—
Sale Of Investment
1.75
0.00
—
—
Net Business Purchase And Sale
-1.25
0.00
+100.00%
-0.06
0.00
Purchase Of Business
-1.25
0.00
+100.00%
-0.06
0.00
Gain Loss On Sale Of Business
1.96
0.00
—
—
Net Intangibles Purchase And Sale
-202.32
0.00
0.00
—
Purchase Of Intangibles
-217.32
0.00
0.00
—
Financing Cash Flow
242.91
+205958.47%
-0.12
-102.05%
5.75
+1832.99%
0.30
Cash Flow From Continuing Financing Activities
242.91
+205958.47%
-0.12
-102.05%
5.75
+1832.99%
0.30
Net Issuance Payments Of Debt
148.54
0.00
—
—
Issuance Of Debt
148.91
0.00
—
—
Repayment Of Debt
-0.37
0.00
—
—
Long Term Debt Issuance
148.91
0.00
—
—
Net Long Term Debt Issuance
148.91
0.00
—
—
Short Term Debt Payments
-0.37
0.00
—
—
Net Short Term Debt Issuance
-0.37
0.00
—
—
Net Common Stock Issuance
47.53
+950680.00%
-0.01
-100.09%
5.65
+3303.78%
0.17
Common Stock Payments
-87.16
-1743020.00%
-0.01
0.00
—
Common Stock Dividend Paid
—
—
—
0.00
Cash Dividends Paid
—
—
—
0.00
Repurchase Of Capital Stock
-87.16
-1743020.00%
-0.01
0.00
—
Proceeds From Stock Option Exercised
53.83
+5383200.00%
0.00
0.00
-100.00%
0.29
Net Other Financing Charges
-6.99
-6030.70%
-0.11
+87.32%
-0.90
-481.93%
-0.15
Changes In Cash
3.40
+232.98%
-2.56
-162.50%
4.09
+663.87%
-0.73
Beginning Cash Position
2.52
-50.41%
5.08
+417.37%
0.98
-42.53%
1.71
End Cash Position
5.92
+135.20%
2.52
-50.41%
5.08
+417.33%
0.98
Free Cash Flow
-235.29
-9538.96%
-2.44
-52.89%
-1.60
-55.97%
-1.02
Interest Paid Supplemental Data
0.36
+11833.33%
0.00
0.00
0.00
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Common Stock Issuance
134.69
0.00
-100.00%
5.65
+3303.78%
0.17
Issuance Of Capital Stock
134.69
0.00
-100.00%
6.65
+3906.22%
0.17
Net Preferred Stock Issuance
—
0.00
-100.00%
1.00
0.00
Preferred Stock Issuance
—
0.00
-100.00%
1.00
0.00
Sale Of Intangibles
15.00
0.00
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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