Security
DFDV · DeFi Development Corp.
DFDVNASDAQCommon stockCurrentCIK 1805526Updated Sep 25, 2026
Name history
DeFi Development Corp. · through Sep 23, 2026Janover Inc. · through Apr 15, 2025Janover Ventures LLC · through Dec 28, 2020
DFDV price & chart
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NASDAQ:DFDV on TradingView ↗About the company
DeFi Development Corp. (the “Company”, “we”, “our”, “us”) is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions as well as value-add services to multifamily and commercial property professionals as we connect the increasingly complex ecosystem that stakeholders have to manage. We provide a technology platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property including apartment buildings to commercial property lenders. These property lenders include traditional banks, credit unions, real estate investment trusts (“REITs”), debt funds, and other financial institutions looking to deploy capital into commercial mortgages. We also generate revenue through our digital asset treasury strategy by staking our SOL holdings with third-party platforms and from operating validator nodes on the Solana network.
In the news
DeFi Development Corp. Announces Pricing of Initial Public Offering of Variable Rate Series C Perpetual Preferred Stock ↗
Corporate Treasury Revolution Accelerates as $113 Billion Bitcoin Holdings Spark 150% Stock Surges News provided by USA News Group Sep 12, 2025, 09:00 ET Share this article Share to X Share this article Share to X USA News Group News Commentary Issued on behalf of CEA Industries, Inc. VANCOUVER, BC ↗
Recent filings
FWP - filed by DeFi Development Corp. regarding DeFi Development Corp.
FWP filing
FWP filing
Other Events
Items 8.01, 9.01
Other Events
Items 8.01
Show 5 more recent filings
Other Events
Items 8.01, 9.01
Entry into a Material Definitive Agreement · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 1.01, 5.03, 9.01
424B5 filing
Entry into a Material Definitive Agreement · Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Other Events
Items 1.01, 3.03, 5.03, 8.01, 9.01
424B5 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 307,410,000Source | 4,375,775Source | 6,683,825Source | 1,336,913Source |
| Property, Plant and Equipment, NetUSD | 0Source | 40,787Source | 28,137Source | 0Source |
| GoodwillUSD | 607,000Source | 606,666Source | 606,666Source | 0Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,020,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 2,517,477Source | 5,075,609Source | 981,125Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 52,000Source | 195,398Source | 86,138Source | 38,287Source |
| Assets, CurrentUSD | 121,926,000Source | 3,274,966Source | 5,292,177Source | 1,026,978Source |
| Operating Lease, Right-of-Use AssetUSD | — | 12,962Source | 62,781Source | 109,661Source |
| Other Assets, NoncurrentUSD | 93,000Source | 20,446Source | 18,107Source | 6,877Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 208,149,000Source | 873,844Source | 867,847Source | 811,535Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 14Source | 110Source | 71Source |
| Additional Paid in CapitalUSD | 202,581,000Source | 12,872,176Source | 12,459,343Source | 3,794,988Source |
| Retained Earnings (Accumulated Deficit)USD | -91,773,000Source | -9,370,259Source | -6,643,475Source | -3,269,681Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -27,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | 99,261,000Source | 3,501,931Source | 5,815,978Source | 525,378Source |
| Liabilities and EquityUSD | 307,410,000Source | 4,375,775Source | 6,683,825Source | 1,336,913Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 80,788,000Source | 592,887Source | 675,095Source | 204,896Source |
| Operating Lease, Liability, CurrentUSD | — | 13,933Source | 52,731Source | — |
| Operating Lease, Liability, NoncurrentUSD | — | — | 13,933Source | — |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 82,000Source | — | — | — |
| Deferred Revenue, NoncurrentUSD | 0Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 127,361,000Source | — | — | — |
| Short-term InvestmentsUSD | 3,675,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,674,000Source | 295,488Source | 944,383Source | 529,929Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 605,000Source | 150,794Source | 47,851Source | -72,345Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -17,967,000Source | -2,418,284Source | -1,567,562Source | -1,023,665Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -221,543,000Source | -22,309Source | -89,049Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,000Source | 19,809Source | 29,049Source | 0Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 11,520,000Source | 5,243Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 242,913,000Source | -117,539Source | 5,751,095Source | 297,523Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -2,558,132Source | 4,094,484Source | -726,142Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,920,000Source | 2,517,477Source | 5,075,609Source | 981,125Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 358,000Source | 2,635Source | — | — |
| Income Taxes Paid, NetUSD | 2,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,674,000Source | 295,488Source | 1,485,447Source | 529,929Source |
| Amortization of Intangible AssetsUSD | — | 83,000Source | — | — |
| DepreciationUSD | — | 7,000Source | 912Source | 0Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -19,763,000Source | — | — | — |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | -154,000Source | — | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | 360,000Source | — | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 179,000Source | — | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -19,763,000Source | — | — | — |
| Gain (Loss) on Disposition of AssetsUSD | -1,958,000Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -3,850,000Source | — | — | — |
| General and Administrative ExpenseUSD | 14,330,000Source | 2,612,603Source | 2,640,697Source | 1,820,604Source |
| GoodwillUSD | 607,000Source | 606,666Source | 606,666Source | 0Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -153,500Source | — | — | — |
| Income Tax Expense (Benefit)USD | 9,000Source | — | — | — |
| InterestExpenseNonoperatingUSD | 8,931,000Source | — | — | — |
| Investment Income, InterestUSD | — | 156,020Source | 140,720Source | 9,241Source |
| Marketable Securities, Unrealized Gain (Loss)USD | — | 114,385Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -73,788,000Source | -2,726,784Source | -3,373,794Source | -1,261,675Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -73,788,000Source | — | — | — |
| Nonoperating Income (Expense)USD | — | 276,700Source | — | — |
| Operating ExpensesUSD | 47,784,000Source | 5,103,144Source | 5,408,047Source | 3,871,332Source |
| Operating Lease, ExpenseUSD | 65,700Source | 95,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -4,836,000Source | 114,000Source | 31,098Source | 458,720Source |
| Payments to Acquire InvestmentsUSD | 2,316,000Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 134,685,000Source | — | 5,650,000Source | 165,992Source |
| Proceeds from Stock Options ExercisedUSD | — | 1,232Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 2,099,660Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 11,386,000Source | — | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -36,398,000Source | -3,003,484Source | -3,404,892Source | -1,720,395Source |
| Other Nonoperating Income (Expense)USD | -4,836,000Source | 114,000Source | 31,098Source | 458,720Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -73,779,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 9,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -73,788,000Source | -2,726,784Source | -3,373,794Source | -1,261,675Source |
| Earnings Per Share, BasicUSD per share | -4Source | -1.95Source | -0.4Source | -0.18Source |
| Earnings Per Share, DilutedUSD per share | -4Source | -1.95Source | -0.4Source | -0.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 18,453,000Source | 1,395,040Source | 8,451,573Source | 6,882,581Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 18,453,000Source | 1,395,040Source | 8,451,573Source | 6,882,581Source |
| Interest Expense (non-operating)USD | 8,931,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 83,000Source | — | — |
| Costs and ExpensesUSD | 47,784,000Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 9,000Source | — | — | — |
| Debt Securities, Gain (Loss)USD | -4,057,000Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,045,000Source | 223,982Source | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 179,000Source | — | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -19,763,000Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -3,850,000Source | — | — | — |
| General and Administrative ExpenseUSD | 14,330,000Source | 2,612,603Source | 2,640,697Source | 1,820,604Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -73,779,000Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | -153,500Source | — | — | — |
| Investment Income, InterestUSD | — | 156,020Source | 140,720Source | 9,241Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -73,788,000Source | — | — | — |
| Nonoperating Income (Expense)USD | — | 276,700Source | — | — |
| Operating ExpensesUSD | 47,784,000Source | 5,103,144Source | 5,408,047Source | 3,871,332Source |
| Operating Lease, ExpenseUSD | 65,700Source | 95,000Source | — | — |
| Research and Development ExpenseUSD | 1,142,000Source | 654,803Source | 792,131Source | 426,828Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 2,099,660Source | — | — |
| Selling and Marketing ExpenseUSD | 2,245,000Source | 1,496,640Source | 1,975,219Source | 1,623,900Source |
Offerings
Registration 333-292254
Registration 333-291128
Registration 333-290133
Registration 333-290297
Registration 333-287964
Registration 333-288067
Filing attachments
ea027741301ex99-1_defi.htm · 8-K · 2026-02-17
EX-99.1 2 ea027741301ex99-1_defi.htm PRESS RELEASE, DATED FEBRUARY 17, 2026 Exhibit 99.1 DeFi Development Corp. Provides SPS Guidance Update BOCA RATON, FL - February 17, 2026 - DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today provided an update to its SOL per Share (“SPS”) guidance. The Company’s SPS guidance for June 2026 is now 0.085, compared to prior guidance of 0.1650. …
Read attachment ↗ea027450701ex99-1_defi.htm · 8-K · 2026-01-29
EX-99.1 2 ea027450701ex99-1_defi.htm PRESS RELEASE, DATED JANUARY 29, 2026 Exhibit 99.1 DeFi Development Corp. Appoints Hadley Stern to Board of Directors BOCA RATON, FL - January 29, 2026 - DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the appointment of Hadley Stern to its Board of Directors. Mr. Stern brings more than a decade of leadership experience across digi…
Read attachment ↗dfdv-ex99_1.htm · 8-K · 2026-01-05
EX-99.1 2 dfdv-ex99_1.htm EX-99.1 EX-99.1 EXHIBIT 99.1 January 5, 2026 DeFi Development Corp. Provides Preliminary Q4 2025 Business Update BOCA RATON, FL - January 5, 2026 - DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today provided a preliminary business update highlighting key treasury and capital allocation activity during the fourth quarter of 2025. During the quarter, th…
Read attachment ↗ea026541501ex99-1_defi.htm · 8-K · 2025-11-13
EX-99.1 2 ea026541501ex99-1_defi.htm PRESS RELEASE, DATED NOVEMBER 12, 2025 Exhibit 99.1 November 12, 2025 DeFi Development Corp. Reports Strong Third Quarter 2025 Earnings BOCA RATON, FL - November 12, 2025 - DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today released its 3Q 2025 Shareholder Letter and Business Update. To read the full update, please visit…
Read attachment ↗ea026541501ex99-2_defi.htm · 8-K · 2025-11-13
EX-99.2 3 ea026541501ex99-2_defi.htm EXPLANATION OF NON-GAAP FINANCIAL MEASURES, DATED NOVEMBER 12, 2025 Exhibit 99.2 Exhibit 99.2 - Explanation of Non-GAAP Financial Measures This Exhibit 99.2 to the accompanying Current Report on Form 8-K of DeFi Development Corp. (“we,” “us,” or “our”) provides a discussion of the reasons we believe that the inclusion of certain non-GAAP financial measures, as presented in the earnings press release furnished as Exhibit 99.1 to this Form 8-K, offers use…
Read attachment ↗ea026208301ex99-1_defi.htm · 8-K · 2025-10-22
EX-99.1 2 ea026208301ex99-1_defi.htm WARRANT DIVIDEND DISTRIBUTION FAQ, DATED OCTOBER 22, 2025 Exhibit 99.1 DeFi Development Corp. Stockholder FAQ - Warrant Dividend Distribution What is a warrant? A warrant is an option to buy shares of common shares issued directly by a company. It gives the holder the right, but not the obligation, to purchase a share of common stock at a specified “exercise price”, on or before the warrant’s “expiration date.” What is a warrant dividend? A warrant …
Read attachment ↗