DeFi Development Corp. (DFDV) Stock

DeFi Development Corp. (DFDV) is a Financials stock trading at $4.14 (as of 2026-08-21), with a market capitalization of $124.69M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

DeFi Development Corp. is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-added services to multifamily and commercial property professionals. The company has adopted a crypto-forward treasury model, allocating its principal treasury holdings to Solana (SOL), aiming to provide investors with economic exposure to the Solana ecosystem.

Understand DeFi Development Corp.: how it makes money

DeFi Development Corp. provides an AI-powered online platform for multifamily and commercial property professionals, selling data and software subscriptions plus value-added services, and it also uses a crypto-forward treasury model by allocating principal holdings to Solana (SOL) for Solana ecosystem exposure.

The profit model appears to combine subscription-style revenue tied to the CRE platform with crypto-treasury economics from deploying principal into Solana and earning yield on that onchain treasury.

Business quality (Weak): The company discloses very limited unit economics detail (no clear reportable revenue segments provided) and the latest quarter shows revenue of 0.0B with a highly negative operating margin (-2072.8%), so investor confidence should focus on the sustainability of platform monetization and the stability of Solana-treasury yield metrics.

Bull case

  • Platform monetization aligned to CRE needs: The company targets multifamily and commercial property professionals with data and software subscriptions plus value-added services.
  • Onchain treasury yield as a complementary engine: It reports an Average Organic Yield of 8.3% and a stated approach of deploying treasury onchain via Solana (SOL).

Bear case

  • Latest quarter profitability is deeply negative: For 2026-03-31, operating margin is -2072.8% (with revenue shown as 0.0B), indicating significant operating losses or other headwinds.
  • Business economics may be sensitive to Solana treasury deployment and yields: The model depends on the Percentage of Solana Treasury Deployed Onchain (15.0%) and reported yield metrics, which can be exposed to crypto market and onchain conditions.
Valuation — source: SEC EDGAR (first-party)
Price$4.14
Market Cap$124.69M
EV / EBITDA7.3
Price / Book12.23
Price / Sales13.04
FCF Yield-7.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.39M
Net Margin-648.1%
Revenue Growth (YoY)442.3%
EPS Growth (YoY)105.1%
FCF Growth (YoY)637.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.29 (distress)
Piotroski F-Score2/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPantera Capital Partners LP ($18.50M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOJoseph Mario Onorati
Employees14
CountryUS
IPO Date2022-06-21

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DFDV earnings history · DFDV institutional & insider holders · DFDV KPIs & operating metrics · DFDV financials · DFDV investor presentations & press releases · DFDV SEC filings · DFDV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.