Balance Sheet DeFi Development Corp.

Equities

DFDV

US47100L3015

Financial Technology (Fintech)

Real-time Estimate Cboe BZX Other stock markets 12:56:18 18/04/26 am AEST			5-day change	1st Jan Change
5.050 ^USD	+5.87%		+29.87%	+1.58%

07/04	DeFi Development Corp. Announces Separation Agreement with Blake Janover, Chief Commercial Officer, Effective March 31, 2026	CI
06/04	DeFi Development Corp. Appoints Adam Townsend to Board of Directors, Effective April 4, 2026	CI

bf94f40282010177.r6Y0uKQUbu9eHHMLTSW6yzYSXxPvwtwfia7nB9q0CVc.n9JyiPYsL4wESDZjKEbTkmReLiuVpZJG78HKU_fRZS330mDik2YmuhJEEA

Published financial data: DEFI DEVELOPMENT CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.98M	2.15M	2M	2.1M	11.39M
Total Revenues	1.98M	2.15M	2M	2.1M	11.39M
Cost of Goods Sold, Total	-	-	-	31.9K	249K
Gross Profit	1.98M	2.15M	2M	2.07M	11.14M
Selling General & Admin Expenses, Total	2.76M	3.44M	4.62M	4.11M	16.58M
R&D Expenses	281K	427K	792K	655K	1.14M
Depreciation & Amortization - (IS)	-	-	-	224K	912K
Other Operating Expenses	-	-	-	-	26.99M
Other Operating Expenses, Total	3.04M	3.87M	5.41M	4.99M	45.62M
Operating Income	-1.06M	-1.72M	-3.4M	-2.92M	-34.49M
Interest Expense, Total	-160	-	-	-	-8.93M
Interest And Investment Income	1.86K	9.24K	141K	156K	-
Net Interest Expenses	1.7K	9.24K	141K	156K	-8.93M
Other Non Operating Income (Expenses)	-564K	449K	-110K	6.3K	-24.6M
EBT, Excl. Unusual Items	-1.62M	-1.26M	-3.37M	-2.76M	-68.02M
Gain (Loss) On Sale Of Investments	-	-	-	114K	-3.85M
Gain (Loss) On Sale Of Assets	-	-	-	-	-1.96M
Asset Writedown	-	-	-	-83.22K	-134K
Other Unusual Items	-	-	-	-	179K
EBT, Incl. Unusual Items	-1.62M	-1.26M	-3.37M	-2.73M	-73.78M
Income Tax Expense	-	-	-	-	9K
Earnings From Continuing Operations	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Net Income to Company	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Net Income - (IS)	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Net Income to Common Incl Extra Items	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Net Income to Common Excl. Extra Items	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Per Share Items
Net EPS - Basic	-0.28	-0.21	-0.46	-0.28	-4
Basic EPS - Continuing Operations	-0.28	-0.21	-0.46	-0.28	-4
Basic Weighted Average Shares Outstanding	5.82M	6.02M	7.4M	9.77M	18.45M
Net EPS - Diluted	-0.28	-0.21	-0.46	-0.28	-4
Diluted EPS - Continuing Operations	-0.28	-0.21	-0.46	-0.28	-4
Diluted Weighted Average Shares Outstanding	5.82M	6.02M	7.4M	9.77M	18.45M
Normalized Basic EPS	-0.17	-0.13	-0.29	-0.18	-2.3
Normalized Diluted EPS	-0.17	-0.13	-0.29	-0.18	-2.3
Payout Ratio	-4.11	-	-	-	-
Supplemental Items
EBITDA	-	-	-3.4M	-2.7M	-33.31M
EBITA	-1.06M	-1.72M	-3.4M	-2.7M	-34.49M
EBIT	-1.06M	-1.72M	-3.4M	-2.92M	-34.49M
EBITDAR	-	-	-	-	-33.24M
Effective Tax Rate - (Ratio)	-	-	-	-	-0.01
Current Domestic Taxes	-	-	-	-	9K
Total Current Taxes	-	-	-	-	9K
Normalized Net Income	-1.01M	-789K	-2.11M	-1.72M	-42.51M
Interest on Long-Term Debt	-	-	-	-	7.08M
Supplemental Operating Expense Items
Advertising Expense	213K	310K	124K	125K	704K
Selling and Marketing Expenses	1.09M	1.62M	1.98M	1.5M	2.24M
General and Administrative Expenses	1.66M	1.82M	2.64M	2.61M	14.33M
Research And Development Expense From Footnotes	281K	427K	792K	655K	1.14M
Net Rental Expense, Total	-	-	-	-	65.7K
Stock-Based Comp., R&D Exp. (Total)	28.87K	47.73K	210K	11.48K	39K
Stock-Based Comp., S&M Exp. (Total)	330K	158K	509K	10.89K	33K
Stock-Based Comp., G&A Exp. (Total)	758K	325K	766K	273K	1.6M
Total Stock-Based Compensation	1.12M	530K	1.49M	295K	1.67M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.71M	981K	5.08M	2.52M	5.92M
Short Term Investments	-	-	-	340K	3.68M
Total Cash And Short Term Investments	1.71M	981K	5.08M	2.86M	9.6M
Accounts Receivable, Total	111K	38.29K	86.14K	195K	52K
Other Receivables	19.82K	-	-	-	-
Total Receivables	130K	38.29K	86.14K	195K	52K
Prepaid Expenses	2.39K	7.57K	130K	109K	433K
Other Current Assets, Total	-	-	-	114K	112M
Total Current Assets	1.84M	1.03M	5.29M	3.27M	122M
Gross Property Plant And Equipment	-	-	91.83K	61.82K	-
Accumulated Depreciation	-	-	-912	-8.07K	-
Net Property Plant And Equipment	-	110K	90.92K	53.75K	-
Goodwill	-	-	607K	607K	607K
Other Intangibles, Total	16.18K	16.18K	676K	378K	3.02M
Accounts Receivable Long-Term	-	-	-	41.53K	-
Deferred Charges Long-Term	-	177K	-	-	-
Other Long-Term Assets, Total	2.39K	6.88K	18.11K	20.45K	182M
Total Assets	1.86M	1.34M	6.68M	4.38M	307M
Liabilities
Accounts Payable, Total	82.68K	159K	539K	340K	6.56M
Accrued Expenses, Total	-	-	-	-	256K
Short-term Borrowings	-	-	-	-	107K
Current Portion of Leases	-	45.52K	52.73K	13.93K	-
Unearned Revenue Current, Total	-	-	83.23K	239K	82K
Other Current Liabilities	-	-	-	-	73.78M
Total Current Liabilities	82.68K	205K	675K	593K	80.79M
Long-Term Debt	-	-	-	-	127M
Long-Term Leases	-	67.06K	13.93K	-	-
Unearned Revenue Non Current	-	-	-	102K	-
Other Non Current Liabilities	1.36M	540K	179K	179K	-
Total Liabilities	1.44M	812K	868K	874K	208M
Common Stock, Total	463	71	110	14	-
Additional Paid In Capital	2.43M	3.79M	12.46M	12.87M	203M
Retained Earnings	-2.01M	-3.27M	-6.64M	-9.37M	-91.77M
Treasury Stock	-	-	-	-	-11.52M
Comprehensive Income and Other	-	-	-	-	-27K
Total Common Equity	419K	525K	5.82M	3.5M	99.26M
Total Equity	419K	525K	5.82M	3.5M	99.26M
Total Liabilities And Equity	1.86M	1.34M	6.68M	4.38M	307M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	46.36M	6.19M	9.68M	10M	29.5M
ECS Total Common Shares Outstanding	46.36M	6.18M	9.67M	9.91M	29.89M
Book Value / Share	0.01	0.08	0.6	0.35	3.32
Tangible Book Value	403K	509K	4.53M	2.52M	95.63M
Tangible Book Value Per Share	0.01	0.08	0.47	0.25	3.2
Total Debt	0	113K	66.66K	13.93K	127M
Net Debt	-1.71M	-869K	-5.01M	-2.84M	118M
Debt Equivalent Oper. Leases	-	-	-	-	526K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	29.05K	48.86K	-
Full Time Employees	-	-	22	14	16
Part Time Employees	-	-	17	12	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-1.62M	-1.26M	-3.37M	-2.73M	-73.79M
Depreciation & Amortization - CF	-	-	912	7.16K	1.18M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	217K	-
Depreciation & Amortization, Total	-	-	912	224K	1.18M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	1.68M
(Gain) Loss From Sale Of Asset	-	-	-	-	1.96M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-114K	3.85M
Asset Writedown & Restructuring Costs	-	-	-	83.22K	-134K
Stock-Based Compensation (CF)	1.12M	530K	1.49M	413K	1.67M
Other Operating Activities, Total	577K	-434K	120K	-226K	39.33M
Change In Accounts Receivable	-68.04K	72.34K	-47.85K	-151K	-605K
Change In Accounts Payable	53.36K	79.62K	380K	-199K	5.88M
Change in Unearned Revenues	-	-	-5.38K	258K	787K
Change in Other Net Operating Assets	3.42K	-9.66K	-126K	20.44K	221K
Cash from Operations	65.84K	-1.02M	-1.57M	-2.42M	-17.97M
Capital Expenditure	-	-	-29.05K	-19.81K	-2K
Cash Acquisitions	-	-	-60K	-	-
Divestitures	-	-	-	-	-1.25M
Sale (Purchase) of Intangible assets	-	-	-	-2.5K	-645K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-2.32M
Other Investing Activities, Total	-	-	-	-	-217M
Cash from Investing	-	-	-89.05K	-22.31K	-222M
Long-Term Debt Issued, Total	-	-	-	-	149M
Total Debt Issued	-	-	-	-	149M
Short Term Debt Repaid, Total	-	-	-	-	-373K
Total Debt Repaid	-	-	-	-	-373K
Issuance of Common Stock	1.29M	452K	5.65M	1.23K	135M
Repurchase of Common Stock	-	-	-	-5.24K	-11.52M
Issuance of Preferred Stock	-	-	1M	-	-
Common Dividends Paid	-66.5K	-	-	-	-
Common & Preferred Stock Dividends Paid	-66.5K	-	-	-	-
Other Financing Activities, Total	-	-154K	-899K	-114K	-28.89M
Cash from Financing	1.23M	298K	5.75M	-118K	243M
Net Change in Cash	1.29M	-726K	4.09M	-2.56M	3.4M
Supplemental Items
Cash Interest Paid	160	-	-	2.64K	358K
Cash Income Tax Paid (Refund)	-	-	-	-	2K
Levered Free Cash Flow	684K	-382K	-378K	-1.57M	-55.08M
Unlevered Free Cash Flow	684K	-382K	-378K	-1.57M	-51.17M
Change In Net Working Capital	-227K	-164K	-292K	244K	31.82M
Net Debt Issued / Repaid	-	-	-	-	149M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-50.77	-67.3	-53.06	-33.01	-13.83
Return on Total Capital	-462.67	-203.4	-65.27	-38.84	-18.72
Return On Equity %	-1.13K	-267.11	-106.41	-58.53	-143.61
Return on Common Equity	-1.13K	-267.11	-106.41	-58.53	-143.61
Margin Analysis
Gross Profit Margin %	100	100	100	98.48	97.81
SG&A Margin	139.1	160.14	230.43	195.71	145.57
EBITDA Margin %	-	-	-169.93	-128.42	-292.53
EBITA Margin %	-53.28	-79.98	-169.98	-128.76	-302.88
EBIT Margin %	-53.28	-79.98	-169.98	-139.08	-302.88
Income From Continuing Operations Margin %	-81.63	-58.66	-168.42	-129.87	-648.06
Net Income Margin %	-81.63	-58.66	-168.42	-129.87	-648.06
Net Avail. For Common Margin %	-81.63	-58.66	-168.42	-129.87	-648.06
Normalized Net Income Margin	-51.02	-36.66	-105.26	-82.1	-373.35
Levered Free Cash Flow Margin	34.52	-17.74	-18.89	-74.89	-483.72
Unlevered Free Cash Flow Margin	34.52	-17.74	-18.89	-74.89	-449.44
Asset Turnover
Asset Turnover	1.52	1.35	0.5	0.38	0.07
Fixed Assets Turnover	-	-	19.97	29.03	-
Receivables Turnover (Average Receivables)	25.86	28.89	32.2	14.92	92.19
Short Term Liquidity
Current Ratio	22.26	5.01	7.84	5.52	1.51
Quick Ratio	22.23	4.98	7.65	5.15	0.12
Operating Cash Flow to Current Liabilities	0.8	-5	-2.32	-4.08	-0.22
Days Sales Outstanding (Average Receivables)	14.11	12.64	11.34	24.54	3.96
Average Days Payable Outstanding	-	-	-	5.04K	5.06K
Long Term Solvency
Total Debt/Equity	-	21.43	1.15	0.4	128.42
Total Debt / Total Capital	-	17.65	1.13	0.4	56.22
LT Debt/Equity	-	12.76	0.24	-	128.31
Long-Term Debt / Total Capital	-	10.51	0.24	-	56.17
Total Liabilities / Total Assets	77.44	60.7	12.98	19.97	67.71
EBIT / Interest Expense	-6.6K	-	-	-	-3.86
EBITDA / Interest Expense	-	-	-	-	-3.73
(EBITDA - Capex) / Interest Expense	-	-	-	-	-3.73
Total Debt / EBITDA	-	-	-0.02	-0.01	-3.83
Net Debt / EBITDA	-	-	1.47	1.05	-3.54
Total Debt / (EBITDA - Capex)	-	-	-0.02	-0.01	-3.83
Net Debt / (EBITDA - Capex)	-	-	1.46	1.05	-3.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.92	8.55	-6.87	4.82	442.19
Gross Profit, 1 Yr. Growth %	26.92	8.55	-6.87	3.23	438.54
EBITDA, 1 Yr. Growth %	-	-	-	-20.79	1.14K
EBITA, 1 Yr. Growth %	-368.34	62.97	97.91	-20.6	1.05K
EBIT, 1 Yr. Growth %	-368.34	62.97	97.91	-14.23	1.05K
Earnings From Cont. Operations, 1 Yr. Growth %	-607.02	-22	167.41	-19.18	2.61K
Net Income, 1 Yr. Growth %	-607.02	-22	167.41	-19.18	2.61K
Normalized Net Income, 1 Yr. Growth %	-607.02	-22	167.41	-18.25	2.29K
Diluted EPS Before Extra, 1 Yr. Growth %	-	-24.59	117.76	-38.79	1.33K
Accounts Receivable, 1 Yr. Growth %	159.77	-65.39	124.98	126.84	-73.33
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	-17.09	-40.88	-
Total Assets, 1 Yr. Growth %	151.1	-28.07	399.94	-34.53	6.92K
Tangible Book Value, 1 Yr. Growth %	-368.24	26.31	790.29	-44.48	3.7K
Common Equity, 1 Yr. Growth %	-412.66	25.3	1.01K	-39.79	2.73K
Cash From Operations, 1 Yr. Growth %	-81.85	-1.65K	53.13	54.27	643.05
Capital Expenditures, 1 Yr. Growth %	-	-	-	-31.81	-91.3
Levered Free Cash Flow, 1 Yr. Growth %	-	-155.8	-0.82	315.46	3.8K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-155.79	-0.82	315.46	3.53K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	17.38	0.55	-1.2	138.41
Gross Profit, 2 Yr. CAGR %	-	17.38	0.55	-1.95	135.79
EBITDA, 2 Yr. CAGR %	-	-	-	-	212.81
EBITA, 2 Yr. CAGR %	-	109.12	79.6	25.36	218.25
EBIT, 2 Yr. CAGR %	-	109.12	79.6	30.29	218.25
Earnings From Cont. Operations, 2 Yr. CAGR %	-	98.87	44.42	47.01	367.66
Net Income, 2 Yr. CAGR %	-	98.87	44.42	47.01	367.66
Normalized Net Income, 2 Yr. CAGR %	-	98.87	44.42	47.85	349
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	28.15	15.45	196.06
Accounts Receivable, 2 Yr. CAGR %	-	-5.18	-11.76	125.91	-22.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	-29.99	-
Total Assets, 2 Yr. CAGR %	-	34.39	89.63	80.92	578.18
Tangible Book Value, 2 Yr. CAGR %	-	84.07	235.34	122.32	359.3
Common Equity, 2 Yr. CAGR %	-	97.93	272.43	158.18	313.12
Cash From Operations, 2 Yr. CAGR %	-	67.97	387.94	53.7	238.55
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-73.76
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-25.61	102.99	1.11K
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-25.61	102.99	1.06K
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	8.66	1.95	74.28
Gross Profit, 3 Yr. CAGR %	-	-	8.66	1.43	73
EBITA, 3 Yr. CAGR %	-	-	105.32	36.82	171.65
EBIT, 3 Yr. CAGR %	-	-	105.32	40.38	171.65
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	119.5	19.01	288.16
Net Income, 3 Yr. CAGR %	-	-	119.5	19.01	288.16
Normalized Net Income, 3 Yr. CAGR %	-	-	119.5	19.47	277.76
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	0.17	167.25
Accounts Receivable, 3 Yr. CAGR %	-	-	26.46	20.88	10.74
Total Assets, 3 Yr. CAGR %	-	-	108.24	33.03	512.64
Tangible Book Value, 3 Yr. CAGR %	-	-	211.29	84.14	472.67
Common Equity, 3 Yr. CAGR %	-	-	251.34	102.89	473.81
Cash From Operations, 3 Yr. CAGR %	-	-	62.87	232.41	159.88
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	31.99	424.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	31.98	411.84
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	48.79
Gross Profit, 5 Yr. CAGR %	-	-	-	-	48.14
EBITA, 5 Yr. CAGR %	-	-	-	-	144.66
EBIT, 5 Yr. CAGR %	-	-	-	-	144.66
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	197.05
Net Income, 5 Yr. CAGR %	-	-	-	-	197.05
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	192.25
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	4.07
Total Assets, 5 Yr. CAGR %	-	-	-	-	233.94
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	263.7
Common Equity, 5 Yr. CAGR %	-	-	-	-	274.86
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	118.25