DeFi Development Corp. · Finance Services

DFDV

High riskNext report: Around Feb 2, 2027 (est.)

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The short version

A company still losing money with growing sales, with high risk.

Going well

Sales up 67% in the latest quarter vs a year ago
Sales up 442% last year

Watch out for

About 1 month of cash left at its current burn
Share count growing 38.9% a year (dilution)
Losing money, losses are large next to sales

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.4% to their holdings in the quarter ending June 2026 (24 bought, 23 sold)

Facts from SEC filings, not a recommendation.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$3.3M+67% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $15.1M, up 329% from the 12 months before.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/5Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-143.6%
MissDebt under half of equityNot relying on borrowed money.1.28x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$18.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+168.1% in 3 years

Revenue: $11.4M; +442.2% vs prior year
Total debt: $127.4M; 1.28x equity
Free cash flow: -$18.0M; -157.8% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 5

Revenue: $3.3M; +66.9% YoY
EPS: -$1.00; vs $0.84
Op. margin: -689.2%; -1554.8 pts
Gross margin: 99.4%; +0.8 pts
Free cash flow: -$4.3M
Share count: +41.5%; vs a year ago

Insider rating

Last 90 days

61Mixed

1 insider bought $90K
New position opened

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

55/ 100

This week: 4
Normal week: 3.3
vs normal: 1.2x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.4%

Institutions added 1.4% to their holdings. 24 bought, 23 sold.

Shares held by institutions4.4M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+46.8%

Cash runwayAt last year's cash burn

3 months

Debt to equityLatest balance sheet: debt compared with what owners have

Owes more than it owns

Shares outstandingLatest reported

31M

Why high risk

Losing money, losses are large next to sales
About 3 months of cash left at its current burn
Share count growing 46.8% a year (dilution)
Owes more than it owns (negative equity)
5 offering filings in 6 months (may sell new shares)
Late quarterly report notice

Earnings reports

Last 9

Next reportAround Feb 2, 2027 (est.)Estimated from the same quarter last year

Results filedOct 5
Results filedAug 12
Results filedMay 13
Results filedMar 30
Results filedAug 12, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusSep 11 · View filing ↗Offering Offering prospectusSep 8 · View filing ↗Offering Offering prospectusAug 31 · View filing ↗Offering Offering prospectusJun 1 · View filing ↗Offering Late quarterly report noticeMay 15 · View filing ↗Red flag Offering prospectusMay 1 · View filing ↗Offering Late quarterly report noticeNov 14, 2025 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

Bought$90K1 insider

Sold$00 insiders

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Parker White10% owner	Buy	10K	$8.96	$90K	10K	Sep 25Filing ↗
New position, first shares owned $8.90 to $8.96 across 2 trades Traded Sep 24 to Sep 25 Filed same day