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Companies / Financials / DeFi Development Corp.
DFDV

DeFi Development Corp.

FinancialsFinance Services
Ticker DFDVBOCA RATON, FLFiscal year ends DecemberBook value per share $-0.45Diluted shares 26.8M

DeFi Development Corp. (Nasdaq: DFDV) manages a digital asset treasury focused on acquiring and holding Solana (SOL) and related assets, staking SOL and operating validators to earn network rewards. Its second operating segment, Real Estate Platform, connects commercial property and small-business borrowers seeking… From the company’s description.

Over the twelve months to Jun 30, 2026, DeFi Development Corp. reported revenue of $15.09M, up 328.6% from a year earlier, and a net loss of $199.12M. Its pre-tax margin was −866.5%. In fiscal 2025, it reported revenue of $11.39M, up 442.3% from fiscal 2024, and a net loss of $73.79M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.39MFY2025
+442.3% year over year
Last 12 mo $15.09M
-319.67%FY2025
−176.6 percentage points
Last 12 mo -866.51%
$-73.79MFY2025
−2606.0% year over year
Last 12 mo $-199.12M
-74.34%FY2025
+3.5 percentage points
Last 12 mo 1654.64%
Cash & financing
$-17.97MFY2025
−643.0% year over year
Last 12 mo $-30.02M
$-17.97MFY2025
−637.0% year over year
Last 12 mo $-30.02M
1.28FY2025
Last 12 mo -10.02
18.5MFY2025
+1222.8% year over year
Last 12 mo 26.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What DeFi Development Corp. does

In the company’s own words

DeFi Development Corp. (Nasdaq: DFDV) manages a digital asset treasury focused on acquiring and holding Solana (SOL) and related assets, staking SOL and operating validators to earn network rewards. Its second operating segment, Real Estate Platform, connects commercial property and small-business borrowers seeking financing with lenders, including banks, credit unions, REITs and debt funds, and provides related software and advisory services. The platform includes Janover Capital Markets, Janover Insurance and Janover Connect, a subscription-based investor portal for real estate equity fundraising; the company sold its Janover Pro platform in September 2025. In 2025, the company shifted its primary strategy from its Janover real estate technology business to a Solana-centered treasury following a change of control and its renaming from Janover Inc. The digital asset treasury segment also includes its owned and managed Solana validators. The company had 16 full-time employees as of December 31, 2025. Its website is www.dfdv.com.

Company details
Sector
Financials
Industry (SIC)
Finance Services
Headquarters
BOCA RATON, FL
Fiscal year end
December
CIK
1805526
SIC
6199

Financial performance, year by year

Fiscal 2023–2025 · USD
$-220.54M$-156.28M$-92.01M$-27.75M$36.51M202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns DeFi Development Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

21
funds hold it
0 of 35
superinvestors hold it
$4.72M
held by funds, at market
4.8%
of shares held by funds

Largest fund holders · DeFi Development Corp.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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