DeFi Development (DFDV) Income Statement

DeFi Development reported revenue of $11.39M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 442.2% from $2.10M a year earlier. DeFi Development posted a net loss of $73.79M, compared with a net loss of $2.73M a year earlier. Gross margin was 97.8% and operating margin -67.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $3.31M, up 66.9% from the same quarter a year earlier.

DeFi Development Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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DeFi Development Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	11.39	2.10	2.00	2.15	1.98	1.60
Cost of Revenue	0.25	0.03	0.00	0.00	0.00	0.00
Gross Profit	11.14	2.07	2.00	2.15	1.98	1.56
Operating Expenses
Research & Development	1.14	0.66	0.79	0.43	0.28	0.11
Selling, General & Administrative	16.58	4.11	4.62	3.44	2.76	1.06
Operating Expenses	18.76	5.07	5.41	3.87	3.04	1.17
Operating Income	-7.63	-3.00	-3.40	-1.72	-1.06	0.39
Other Income/Expense
Interest Income	0.00	0.16	0.14	0.01	0.00	0.00
Interest Expense	8.93	0.00	0.00	0.00	0.00	-0.09
Other Income/Expense	-66.15	0.28	-0.11	0.45	-0.56	0.02
Income
Income Before Tax	-73.78	-2.73	-3.37	-1.26	-1.62	0.43
Income Tax Expense	0.01	0.00	0.00	-0.01	0.00	0.00
Net Income	-73.79	-2.73	-2.55	-1.26	-1.62	0.32
Net Income - Continuous Operations	-73.79	-2.73	-3.37	-1.26	-1.62	0.32
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-33.31	-2.42	-3.40	0.00	0.00	0.00
EBIT	-34.49	-2.73	-3.40	-1.72	-1.06	0.39
Depreciation & Amortization	1.05	0.31	0.00	0.02	0.00	0.02
Earnings Per Share
Basic EPS	-4.00	-	-	-	-	-
Diluted EPS	-4.00	-	-	-	-	-
Basic Shares Outstanding	18.45	9.77	7.40	6.02	5.82	8.74
Diluted Shares Outstanding	18.45	9.77	7.40	6.02	5.82	8.74

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DeFi Development Financial Statements

What was DeFi Development's revenue in fiscal 2025?

DeFi Development reported revenue of $11.39M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 442.2% from $2.10M a year earlier.

Is DeFi Development profitable?

No. DeFi Development reported a net loss of $73.79M in fiscal 2025. In fiscal 2024 it lost $2.73M.

What is DeFi Development's operating margin?

DeFi Development's operating income was −$7.63M on revenue of $11.39M in fiscal 2025, an operating margin of -67.0%, compared with -143.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition