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DeFi Development Corp.

Company price
3.01 USD -0.29 ( 8.79%)
Last update at 2026-11-02T21:00:00Z
VOLUME
1481240
Market Cap
132.15M

Momentum Score

…

DeFi Development Corp. focuses on building its treasury around Solana (SOL). SOL is a blockchain infrastructure platform. The company operates through two segments, Digital Asset Treasury and Real Estate Platform. The Digital Asset Treasury segment executes and manages its treasury policy for the purpose of purchasing, holding, and compounding its digital asset holdings through staking and operating its owned validators. The Real Estate Platform segment provides a technology platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property, including apartment buildings and commercial property lenders. The company was formerly known as Janover Inc. and changed its name to DeFi Development Corp. in April 2025. DeFi Development Corp. was founded in 2018 and is headquartered in Boca Raton, Florida.

Source: TradingView
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Day Price Range
3.01
Low
3.33
High
52 Week Price Range
2.96
Low
53.88
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for DeFi Development Corp. (NASDAQ: DFDV) are limited, and detailed operations are not publicly documented. The name suggests a focus on decentralized finance; if true, long-term growth drivers could include blockchain adoption and demand for crypto-native financial services, which may appeal to investors seeking thematic exposure.

Material risks include regulatory uncertainty for crypto, high market volatility, execution and competitive pressures, and potential liquidity constraints.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
3.30
Dividend Yield
-
Revenue TTM
11.39M
Revenue Per Share
0.62
Gross Profit TTM
11.14M
Debt / Equity
1.28
ROE
-143.61%
Net Debt
121.55M
ROCE
-28.62%
Diluted EPS TTM
-4.00

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -73.78M -2.73M -3.37M -1.27M -1.62M
Net income -73.79M -2.73M -3.37M -1.26M -1.62M
Selling general administrative 14.33M 2.61M 4.40M 3.02M 2.78M
Selling and marketing expenses 2.25M 1.50M 0.22M 0.43M 0.22M
Gross profit 11.14M 2.07M 2.00M 2.15M 1.98M
Reconciled depreciation 1.04M 0.22M 0.00M 0.00M -
Ebit -64.85M -2.92M -3.37M -1.26M -1.63M
Ebitda -63.80M -2.70M -3.37M -1.24M -1.62M
Depreciation and amortization 1.04M 0.22M 0.00M 0.02M 0.02M
Operating income -36.40M -3.00M -3.40M -1.72M -1.06M
Other operating expenses 47.78M 5.10M 5.41M 3.87M 3.04M
Interest expense 8.93M 0.00M - 0.00M 0.00M
Tax provision 0.01M 0.00M - - -
Interest income - 0.16M 0.14M 0.01M 0.00M
Net interest income -8.93M 0.16M 0.14M 0.01M 0.00M
Income tax expense 0.01M - - -0.01M -0.00M
Total revenue 11.39M 2.10M 2.00M 2.15M 1.98M
Total operating expenses 47.53M 5.07M 5.41M 3.87M 3.04M
Cost of revenue 0.25M 0.03M 0.00M - -
Total other income expense net -37.38M 0.28M 0.03M 0.45M -0.56M
Net income from continuing ops -73.79M -2.73M -3.37M -1.26M -1.62M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 307.41M 4.38M 6.68M 1.34M 1.86M
Intangible assets 3.02M 0.38M 0.68M 0.02M 0.02M
Other current assets 112.28M 0.22M 0.13M 0.01M 0.00M
Total liab 208.15M 0.87M 0.87M 0.81M 1.44M
Total stockholder equity 99.26M 3.50M 5.82M 0.53M 0.42M
Other current liab 73.78M 0.35M 0.54M 0.16M 0.08M
Common stock - 0.00M 0.00M 0.00M 0.00M
Capital stock 0.00M 0.00M 0.00M 0.00M 0.00M
Retained earnings -91.77M -9.37M -6.64M -3.27M -2.01M
Good will 0.61M 0.61M 0.61M 0.00M -
Cash 5.92M 2.52M 5.08M 0.98M 1.71M
Total current liabilities 80.79M 0.59M 0.68M 0.20M 0.08M
Current deferred revenue 0.08M 0.24M 0.08M -0.16M -
Net debt 121.55M -2.50M -5.01M -0.87M -1.71M
Short term debt 0.11M 0.01M 0.05M 0.05M -
Short long term debt 0.11M - - - -
Short long term debt total 127.47M 0.01M 0.07M 0.11M -
Other stockholder equity 191.06M 12.87M 12.46M 3.79M 2.43M
Total current assets 121.93M 3.27M 5.29M 1.03M 1.84M
Short term investments 3.67M 0.34M 0.00M - -
Net receivables 0.05M 0.20M 0.09M 0.04M 0.13M
Long term debt 127.36M - - - -
Accounts payable 6.82M 0.34M 0.54M 0.16M 0.08M
Accumulated other comprehensive income -0.03M - - - -
Non currrent assets other 181.86M 0.06M 0.02M 0.18M 0.00M
Non current assets total 185.48M 1.10M 1.39M 0.31M 0.02M
Capital lease obligations - 0.01M 0.07M 0.11M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -17.97M -0.02M -0.09M 0.00M 0.00M
Total cashflows from investing activities -221.54M -0.02M -0.09M - -
Net borrowings 148.54M 0.00M - - -
Total cash from financing activities 242.91M -0.12M 5.75M 0.30M 1.23M
Net income -73.79M -2.73M -3.37M -1.26M -1.62M
Change in cash 3.40M -2.56M 4.09M -0.73M 1.29M
Begin period cash flow 2.52M 5.08M 0.98M 1.71M 0.42M
End period cash flow 5.92M 2.52M 5.08M 0.98M 1.71M
Total cash from operating activities -17.97M -2.42M -1.57M -1.02M 0.07M
Issuance of capital stock 134.69M 0.00M 6.65M 0.17M 1.10M
Depreciation 1.04M 0.22M 0.00M 0.00M -
Other cashflows from investing activities -219.22M -0.00M - - -
Dividends paid - - - 0.00M 0.07M
Change to account receivables -0.60M -0.15M -0.05M 0.07M -0.07M
Sale purchase of stock -87.16M -0.01M 0.00M - -
Other cashflows from financing activities -6.99M -0.11M 0.10M 0.13M 0.19M
Capital expenditures 0.00M 0.02M 0.03M 0.00M 0.00M
Change in working capital 6.29M -0.07M 0.20M 0.14M -0.01M
Stock based compensation 1.67M 0.41M 1.49M 0.53M 1.09M
Other non cash items 46.82M -0.26M 0.12M -0.43M 0.60M
Free cash flow -17.97M -2.44M -1.60M -1.02M 0.07M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
DFDV
DeFi Development Corp.
-0.29
8.79%
3.01 - - 11.61 1.33 21.93 2.39
BLK
BlackRock Inc
-
-%
1167.15 26.25 19.57 6.33 2.90 6.35 17.13
BX
Blackstone Group Inc
1.58
1.33%
120.09 33.20 20.12 11.05 11.56 9.14 15.74
IVSBF
Investor AB ser. B
1.25
2.96%
43.55 4.67 3.83 3.78 1.13 4.15 1.68
KKR
KKR & Co. Inc.
-
-%
98.01 32.68 13.66 3.58 3.22 0.68 1.47

Profile*

DeFi Development Corp.

DeFi Development Corp. focuses on building its treasury around Solana (SOL). SOL is a blockchain infrastructure platform. The company operates through two segments, Digital Asset Treasury and Real Estate Platform. The Digital Asset Treasury segment executes and manages its treasury policy for the purpose of purchasing, holding, and compounding its digital asset holdings through staking and operating its owned validators. The Real Estate Platform segment provides a technology platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property, including apartment buildings and commercial property lenders. The company was formerly known as Janover Inc. and changed its name to DeFi Development Corp. in April 2025. DeFi Development Corp. was founded in 2018 and is headquartered in Boca Raton, Florida.

6401 Congress Avenue, Boca Raton, FL, United States, 33487

561 559 4111

16

Name Title Year Born
Mr. Joseph Mario Onorati CEO, President & Director 1985
Mr. Parker White C.F.A. Chief Investment Officer & COO 1995
Mr. Fei Han C.F.A. Principal Accounting Officer 1989
Mr. Bruce S. Rosenbloom CPA Executive Vice President of Finance 1969
Mr. Daniel Kang Chief Strategy Officer 1993
Ms. Nathalie Sara Maggi CFO & Executive Director 1990
Mr. Pete Humiston Chief Marketing Officer NA
Mr. Steve Schwartz Senior Vice President of Innovation NA
Ms. Valerie Ford Controller NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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