DeFi Development Corp. (DFDV) Stock Price & Analysis
DeFi Development Corp. (DFDV) closed at USD 3.71 on Friday, October 23, 2026, down 1.33% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 3.71; the Oct 23, 2026 session ranged USD 3.58–3.81 on volume of 857,852 shares. Market capitalization is —, with a 52-week range of USD 2.44–15.1 (NCM). Source: Nexqual, retrieved October 24, 2026 at 05:04 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DFDV.md
Key facts (DFDV)
- Last four reported quarters (through Jun 30, 2026): revenue $15.1M, net income -$199M (-1319.5% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 5 Form 4 filings, $302K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y -73.3% vs S&P 500 +13.4%; 5Y +49.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-11, EPS estimate USD -0.17, revenue estimate $4.6M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DFDV)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $2.2M | $2.0M | $2.1M | $11.4M | $15.1M |
| Gross profit | — | — | $2.1M | $11.1M | — |
| Operating income | -$1.7M | -$3.4M | -$3.0M | -$36.4M | -$131M |
| Net income | -$1.3M | -$3.4M | -$2.7M | -$73.8M | -$199M |
| EPS (diluted) | -$0.21 | -$0.46 | -$0.28 | -$4.00 | — |
| Free cash flow | -$1.0M | -$1.6M | -$2.4M | -$18.0M | — |
| Gross margin | — | — | 98.5% | 97.8% | — |
| Operating margin | -80.0% | -170.0% | -143.0% | -319.7% | -866.5% |
| Net margin | -58.7% | -168.4% | -129.9% | -648.1% | -1319.5% |
| Revenue growth | — | -6.9% | +4.8% | +442.2% | — |
| Cash + short-term investments | $981K | $5.1M | $2.8M | $9.6M | — |
| Total debt | — | — | $0K | $127M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DFDV)
Insider purchases (SEC Form 4, open-market, last ~7 months) (DFDV)
5 purchases, $302K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-24…2026-09-25 | White Parker | 10,000 | $90K | 8.96 | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-09-22 | Kang Daniel | Chief Strategy Officer | 10,440 | $92K | 8.83 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-21 | White Parker | 10,069 | $39K | 3.91 | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-08-20 | Kang Daniel | Chief Strategy Officer | 11,000 | $43K | 3.88 | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-14 | Kang Daniel | Chief Strategy Officer | 13,000 | $38K | 2.91 | Too little history (no open-market trades in 2023 or 2024) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (DFDV)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-10 | Cantor Fitzgerald | Target raised | Overweight | $4.7 → $10.4 |
| 2026-07-01 | Cantor Fitzgerald | Target lowered | Overweight | $7 → $4.7 |
Total return (dividends reinvested) (DFDV)
| 1Y (from 2025-10-24) | 5Y (from 2023-07-24) | |
|---|---|---|
| Total return | -73.3% | +49.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -73.4% | +13.1% |
| Volatility (annualized) | 112.8% | 186.8% |
| Max drawdown | -82.7% (Oct 2025→Jun 2026) | -92.5% (May 2025→Jul 2026) |
DFDV revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Treasury | $3.3M | 98.2% | +170.0% |
| Treasury | $3.3M | 98.2% | +170.0% |
| Real Estate | $58,000 | 1.8% | -92.6% |
| Real Estate | $58,000 | 1.8% | -92.6% |
| Total revenue | $3.3M | 100% | — |
DFDV revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Treasury | $3.3M | 98.2% | +170.0% |
| Real Estate | $58,000 | 1.8% | -92.6% |
| Total revenue | $3.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DFDV suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | BitGo Trust Company | “We have a custody agreement with BitGo, under which BitGo provided to us customary qualified custody services.” |
| Partner | DeFi Dev | “•On April 4, 2025, our previous Chief Executive Officer entered into a Stock Purchase Agreement with DeFi Dev LLC and 3277447 Nova Scotia Ltd where he sold approximately 51.0% of the Company's outstanding shares of common stock and all off the issued and outstanding Series A preferred stock for an aggregate purchase price of $4.0 million.” |
| Partner | Nova Scotia | “•On April 4, 2025, our previous Chief Executive Officer entered into a Stock Purchase Agreement with DeFi Dev LLC and 3277447 Nova Scotia Ltd where he sold approximately 51.0% of the Company's outstanding shares of common stock and all off the issued and outstanding Series A preferred stock for an aggregate purchase price of $4.0 million.” |
| Partner | Flora Growth | “On September 19, 2025, we entered into a Securities Purchase Agreement with Flora Growth Corp. ("Flora") in which we agreed to, among other things, purchase convertible notes for 93.3 thousand SOL, or $23.1 million (using the exchange rate as of the agreement date) due September 2030, contingent upon certain closing conditions as described in the agreement.” |
Quoted from the company's 10-K filed Mar 30, 2026.
DFDV customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 14% of revenue, per the company's 10-K filed Mar 30, 2026. The company does not name it.
DFDV company outlook (results filed Oct 5, 2026)
- “Preliminary Q3 Estimates: Per-Share Growth Metrics and Stronger Liquidity Alongside continued accumulation, the Company expects to report substantial growth in its per-share metrics and a stronger balance sheet as of September 30, 2026.”
- “The anticipated September 30 metrics are preliminary, remain subject to finalization, and may differ from the Company's final reported results.”
Quoted word-for-word from the SEC 8-K results press release.
DFDV analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.17 | $-0.20 | -17.1% | $4.6M | 1 |
| Next quarter (ends Dec 2026) | $-0.13 | $-0.32 | -59.4% | $6.1M | 1 |
| Current fiscal year (ends Dec 2026) | $-3.07 | $-3.40 | -9.6% | $16.7M | 1 |
| Next fiscal year (ends Dec 2027) | $-0.88 | $-0.98 | -10.7% | $23.0M | 2 |
Key Statistics (as of October 24, 2026 at 05:04 UTC)
| Price | USD 3.71 |
|---|---|
| Change | ▼ 1.33% (down) |
| Previous Close | USD 3.71 |
| Open | USD 3.71 |
| Day Range | USD 3.58 – 3.81 |
| 52-Week Range | USD 2.44 – 15.1 |
| Volume | 857,852 shares |
| Market Cap | — |
| Exchange | NCM |
Technical Analysis (DFDV)
Nexqual's technical model rates DFDV "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 05:04 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 36.51 (neutral) |
| vs SMA50 | Below (USD 4.8) |
| MACD | -0.34 (negative) |
Earnings (DFDV)
| Next Earnings Date | 2026-11-11 |
|---|---|
| Revenue Estimate | $4.60M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1 vs est -0.34 ▼ miss |
| 2026-03-31 | USD -3.18 vs est -0.25 ▼ miss |
| 2025-12-31 | USD -8.47 vs est -0.11 ▼ miss |
Source: Nexqual, October 24, 2026 at 05:04 UTC.
Financials & Fundamentals (DFDV)
| Total Revenue | $15.09M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +66.90% |
| Gross Margin | +97.75% |
| Operating Margin | -689.20% |
| Profit Margin | +0.00% |
| ROE | -589.29% |
| Current Ratio | 1.21 |
| Total Cash | $6.29M |
| Total Debt | $120.56M |
Source: Nexqual, October 24, 2026 at 05:04 UTC.
Ownership (DFDV)
| Insider Ownership | +20.25% |
|---|---|
| Institutional Ownership | +14.11% |
| Shares Outstanding | 32.62M |
| Float | 23.23M |
| Short % of Float | +19.25% |
Source: Nexqual, October 24, 2026 at 05:04 UTC.
From DeFi Development Corp.'s Latest SEC 10-K Filing (filed 2026-03-30)
Key Strengths & Strategy (as disclosed to the SEC)
- Our Janover Connect SaaS offering is a developed technology which utilizes the Amazon Web Services platform.
- As previously announced, in September 2025, we disposed of Janover Pro ("JPro"), one of our technology and software as a service platforms ("SaaS"), which provided users detailed information about lenders based on user criteria and allows them to connect directly with those lenders to secure financing.
- We have developed a 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.
- We earn platform revenue from fees charged to our customers that utilize our platform and our capital markets advisor sales team, who will assist in the match between lenders and borrowers.
Partnerships
- We have a custody agreement with BitGo, under which BitGo provided to us customary qualified custody services.
Legal & Regulatory Risks (Item 1A, quoted)
- We may be subject to regulatory developments related to crypto assets and crypto asset markets, which could adversely affect our business, financial condition, and results of operations.
- Regulatory change reclassifying SOL as a security could lead to our falling within the definition of "investment company" under the Investment Company Act of 1940, as amended, or the 1940 Act, and could adversely affect the market price of SOL and the market price of our Common Stock.
- We may be subject to additional tax liability if regulation or policy changes adversely affect the tax treatment of rewards from staking SOL.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| UPXI | Upexi, Inc. | USD 0.77 | ▼ 4.42% |
| SBET | SharpLink, Inc. | USD 7.63 | ▼ 2.93% |
| NAKA | Nakamoto Inc. | USD 7.36 | ▼ 4.29% |
| ASST | Strive, Inc. | USD 28.97 | ▼ 0.21% |
| SKYA | SkyAI, Inc. | USD 2.89 | ▲ 0.7% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 05:04 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt