YOLFTbeta
DeFi Development Corp.

DeFi Development Corp.

DFDV · NASDAQ · Financial Services / Asset Management

3.04USD+0.08 (+2.88%)

Price History

Full chart

Market Stats

Previous Close2.95
Open3.00
Day Range2.76 – 3.05
52-Week Range2.44 – 16.14
Volume1.50M
Market Cap147.12M
P/E (TTM)0.00
Forward P/E0.00
EPS-10.19
Dividend Yield0.00%
Beta-3.53
50-Day Avg4.57
200-Day Avg4.27

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 offers 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. The company. was founded in 2018 and is headquartered in Boca Raton, Florida.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Joseph Mario Onorati
  • Employees16
  • Headquarters6401 Congress Avenue, Boca Raton, FL, United States, 33487, USA
  • Websitehttps://defidevcorp.com

Leadership

  • Mr. Joseph Mario OnoratiChairman of the Board, CEO & President · b. 1984
  • Mr. Fei Han C.F.A.CFO & Principal Accounting Officer · b. 1988
  • Mr. Bruce S. Rosenbloom CPAExecutive Vice President of Finance · b. 1969
  • Mr. Daniel KangChief Strategy Officer · b. 1993
  • Mr. Pete HumistonChief Marketing Officer
  • Mr. Steve SchwartzSenior Vice President of Innovation
  • Ms. Valerie FordController

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.56M1.98M2.15M2.00M2.10M11.39M
Growth (%)-+26.92%+8.55%-6.87%+4.82%+442.28%
Cost of Revenue---031.90K249.00K
Gross Profit1.56M1.98M2.15M2.00M2.07M11.14M
Gross Margin100.00%100.00%100.00%100.00%98.48%97.81%
Operating Expense1.17M3.04M3.87M5.41M5.07M18.76M
Operating Income393.39K-1.06M-1.72M-3.40M-3.00M-7.63M
Operating Margin25.20%-53.28%-79.98%-169.98%-143.05%-66.97%
EBITDA432.24K-1.62M458.73K-3.37M-2.70M-63.80M
EBITDA Margin27.69%-81.63%21.33%-168.38%-128.42%-560.36%
Net Income319.02K-1.62M-1.26M-3.37M-2.73M-73.79M
Net Income Margin20.43%-81.63%-58.66%-168.42%-129.87%-648.06%
R&D111.15K38.42K426.83K792.13K654.80K1.14M
R&D as % of Total Revenue7.12%1.94%19.84%39.54%31.19%10.03%
Interest Expense93.79K1600-08.93M
Interest Expense % of Total Revenue6.01%0.01%0.00%-0.00%78.44%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets740.20K1.86M1.34M6.68M4.38M307.41M
Total Liabilities874.31K1.44M811.53K867.85K873.84K208.15M
Total Equity-134.11K419.31K525.38K5.82M3.50M99.26M
Cash415.71K1.71M981.13K5.08M2.52M5.92M
Total Debt--112.57K66.66K13.93K127.47M
Net Debt-415.71K-1.71M-868.55K-5.01M-2.50M121.55M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow362.81K65.84K-1.02M-1.57M-2.42M-17.97M
Investing Cash Flow-16.18K---89.05K-22.31K-221.54M
Financing Cash Flow49.64K1.23M297.52K5.75M-117.54K242.91M
Capital Expenditure16.18K0029.05K19.81K2.00K
Free Cash Flow346.63K65.84K-1.02M-1.60M-2.44M-17.97M
Dividends Paid529.25K66.50K0---
FCF to OCF95.54%100.00%100.00%101.85%100.82%100.01%
Dividend Paid to FCF152.68%101.00%0.00%---

Earnings

Report DateSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Mar 27, 2025May 28, 2025Aug 14, 2025Nov 19, 2025Mar 30, 2026May 19, 2026Aug 12, 2026Nov 17, 2026
EPS Estimate--------0.02-0.05-0.11-0.24-0.02-
EPS Actual-0.20-0.19-0.10-0.08-0.05-0.34-0.08-0.23-0.10-8.47-3.18-0.21-
Surprise--------1050.00%-100.00%-7600.00%-1225.00%-950.00%-
Timing-------Pre-marketPre-marketAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap147.12M
Enterprise Value302.01M
Trailing P/E0.00
Forward P/E0.00
Price / Sales9.75
Price / Book9.28
EPS-10.19
Book Value-0.394
Revenue (TTM)15.09M
Gross Profit (TTM)14.75M
EBITDA-127.25M
Profit Margin0.00%
Operating Margin-689.20%
Return on Equity-589.29%
Return on Assets-51.84%
Shares Outstanding32.62M
Shares Float22.97M
Beta-3.53
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 2 analystsTarget 8.70
  • Strong Buy
    2

Ownership Breakdown

Institutions
14.21%
Insiders
19.23%
Retail / Other
66.56%

Top Institutional Holders

  • Vanguard Capital Management, LLC
    1.09M3.34%
  • BlackRock Inc
    362.88K1.11%
  • Geode Capital Management, LLC
    293.69K0.90%
  • Two Sigma Investments LLC
    285.81K0.88%
  • Alyeska Investment Group, L.P.
    268.52K0.82%
  • Millennium Management LLC
    188.87K0.58%
  • DeepCurrents Investment Group LLC
    152.26K0.47%
  • Jain Global LLC
    151.61K0.46%
  • Vanguard Fiduciary Trust Co
    150.69K0.46%
  • Group One Trading, LLC
    119.01K0.36%
  • Marshall Wace Asset Management Ltd
    118.05K0.36%
  • SIMPLEX TRADING, LLC
    117.48K0.36%
  • Goss Wealth Management LLC
    113.61K0.35%
  • State Street Corp
    111.95K0.34%
  • Nomura Holdings Inc
    111.84K0.34%
  • UBS Group AG
    92.53K0.28%
  • Susquehanna International Group, LLP
    87.34K0.27%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    789.28K2.42%
  • Fidelity Extended Market Index
    148.88K0.46%
  • VISIO Allocator Fund
    100.00K0.31%

Stock Splits

  • May 21, 20257:1
  • Dec 30, 20241:8