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DeFi Development Corporation
(NASDAQ:DFDV)
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Rating:49Neutral
Price Target:
$5.00
▲(9.17% Upside)
Action:Reiterated
Date:10/05/26
The score is primarily held down by weak financial performance: very large losses, ongoing cash burn, and a pressured balance sheet with negative equity and meaningful debt. Technicals are moderately supportive (constructive intermediate trend with neutral momentum), while valuation remains constrained by unprofitability. Corporate events are a secondary positive, reflecting active treasury expansion and financing initiatives, but they do not offset the underlying financial risk.
Positive Factors
Sharp revenue scaling with very high gross margins
Rapid revenue expansion and gross margins above 95% indicate strong underlying economics in the reported business model. If the company can convert this scale into operating discipline, the high gross-profit base could support reinvestment and improve future earnings capacity.
Negative Factors
Severe and widening net losses
The exceptionally large net loss shows that revenue growth has not yet translated into sustainable profitability. Persistent losses can consume financial resources, limit internally funded investment, and make the company’s earnings profile highly dependent on successful execution and continued access to external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp revenue scaling with very high gross margins
Rapid revenue expansion and gross margins above 95% indicate strong underlying economics in the reported business model. If the company can convert this scale into operating discipline, the high gross-profit base could support reinvestment and improve future earnings capacity.
Read all positive factors
DeFi Development Corporation (DFDV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$171.26M
Dividend YieldN/A
Average Volume (3M)2.37M
Price to Earnings (P/E)―
Beta (1Y)17.01
Revenue Growth328.63%
EPS Growth-819.20%
CountryUS
Employees16
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-9.19
Shares Outstanding32,620,790
10 Day Avg. Volume2,407,530
30 Day Avg. Volume2,368,933
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.94
Price to Sales (P/S)8.18
P/FCF Ratio-5.19
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue12.90
Enterprise Value/Gross Profit13.52
Enterprise Value/Ebitda-1.03
Forecast
1Y Price Target
$10.40Price Target Upside127.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-3.11
Revenue Forecast (FY)$14.30M
DeFi Development Corporation Business Overview & Revenue Model
Company Description
DeFi Development Corp. (DFDV) operates an AI-driven digital platform designed to centralize and enhance the commercial real estate (CRE) industry. It supplies multifamily and commercial property professionals with essential data, specialized softw...
How the Company Makes Money
null...
DeFi Development Corporation Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.09M | 11.39M | 2.10M | 2.00M | 2.15M | 1.98M |
| Gross Profit | 14.40M | 11.14M | 2.07M | 2.00M | 2.15M | 1.98M |
| EBITDA | -188.25M | -63.80M | -2.70M | -3.37M | -1.24M | -1.62M |
| Net Income | -199.12M | -73.79M | -2.73M | -3.37M | -1.26M | -1.62M |
Balance Sheet | ||||||
| Total Assets | 203.33M | 307.41M | 4.38M | 6.68M | 1.34M | 1.86M |
| Cash, Cash Equivalents and Short-Term Investments | 6.29M | 9.60M | 2.86M | 5.08M | 981.13K | 1.71M |
| Total Debt | 120.56M | 127.47M | 13.93K | 66.66K | 112.57K | 0.00 |
| Total Liabilities | 215.37M | 208.15M | 873.84K | 867.85K | 811.53K | 1.44M |
| Stockholders Equity | -12.03M | 99.26M | 3.50M | 5.82M | 525.38K | 419.31K |
Cash Flow | ||||||
| Free Cash Flow | -33.74M | -17.97M | -2.44M | -1.60M | -1.02M | 65.84K |
| Operating Cash Flow | -30.02M | -17.97M | -2.42M | -1.57M | -1.02M | 65.84K |
| Investing Cash Flow | -133.71M | -221.54M | -22.31K | -89.05K | 0.00 | 0.00 |
| Financing Cash Flow | 165.60M | 242.91M | -117.54K | 5.75M | 297.52K | 1.23M |
DeFi Development Corporation Technical Analysis
Positive
4.58
Price Trends
4.41
Positive
3.86
Positive
4.28
Positive
Market Momentum
0.25
Positive
53.56
Neutral
16.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFDV, the sentiment is Positive. The current price of 4.58 is below the 20-day moving average (MA) of 5.51, above the 50-day MA of 4.41, and above the 200-day MA of 4.28, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 16.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DFDV.
DeFi Development Corporation Risk Analysis
DeFi Development Corporation disclosed 19 risk factors in its most recent earnings report. DeFi Development Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
DeFi Development Corporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $888.88M | -42.24 | -24.09% | ― | 13.85% | 61.09% | |
52 Neutral | $262.97M | -7.89 | -45.15% | ― | 171.79% | 62.11% | |
49 Neutral | $171.26M | -0.57 | -233.42% | ― | 328.63% | -819.20% | |
46 Neutral | $78.56M | -1.92 | -88.73% | ― | 250.00% | 35.86% | |
46 Neutral | $199.84M | -14.62 | -164.67% | ― | -0.23% | 33.15% | |
43 Neutral | $51.12M | -2.22 | -59.05% | ― | 9.78% | 69.23% |
* Financial Sector Average
DFDV
DeFi Development Corporation
5.25
-10.79
-67.27%
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DeFi Development Corporation Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
DeFi Development Boosts SOL Treasury, Pays First CHAD Dividend
Positive
Oct 5, 2026
On October 5, 2026, DeFi Development Corp. reported that it had added about 26,203 SOL to its treasury between September 28 and October 2, 2026, lifting total SOL and SOL equivalents to roughly 2,564,212, an 11% increase since its August 12 earnin...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
DeFi Development Expands SOL Treasury to Back CHAD Dividends
Positive
Sep 28, 2026
On September 28, 2026, DeFi Development Corp. reported that between September 21 and September 25 it added about 47,706 SOL to its holdings, lifting its SOL and SOL equivalents to roughly 2,538,010 tokens, a 2% increase week over week and about 10...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
DeFi Development Closes CHAD Over-Allotment, Bolsters Solana Treasury
Positive
Sep 21, 2026
Between September 14 and September 18, 2026, DeFi Development Corp. increased its SOL and SOL-equivalent treasury holdings by about 101,381 tokens, taking its reserve to roughly 2,490,304 SOL and equivalents as of September 18, a 4% gain over the ...
Business Operations and StrategyDividends
DeFi Development Corp Declares CHAD Preferred Stock Dividends
Positive
Sep 16, 2026
On September 15, 2026, DeFi Development Corp. announced that its board had declared cash dividends on its newly issued CHAD preferred stock, covering the period from the stock’s issuance on September 8, 2026 through October 30, 2026. Holders...
Business Operations and StrategyPrivate Placements and Financing
DeFi Development Launches $300M ATM to Boost SOL
Positive
Sep 14, 2026
Between August 27 and September 11, 2026, DeFi Development Corp. increased its treasury by 55,491 SOL, bringing total SOL and SOL equivalents to about 2,388,923, a roughly 2% gain that underscores growing momentum in its SOL accumulation strategy....
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
DeFi Development Launches Series C Preferred Stock Offering
Positive
Sep 11, 2026
On September 11, 2026, DeFi Development Corp. entered into a sales agreement with R.F. Lafferty Co., Inc. to offer and sell up to 30,000,000 shares of its Variable Rate Series C Perpetual Preferred “CHAD” stock under an existing shelf...
Business Operations and StrategyDividendsPrivate Placements and Financing
DeFi Development Corp. Prices CHAD Preferred Stock Offering
Positive
Sep 8, 2026
On September 3, 2026, DeFi Development Corp. entered into an underwriting agreement with R.F. Lafferty Co., Inc. for an underwritten offering of 1,375,000 shares of its Variable Rate Series C Perpetual Preferred Stock, known as CHAD Stock, at a p...
Business Operations and StrategyDividendsPrivate Placements and Financing
DeFi Development Plans High-Yield CHAD Preferred Stock IPO
Positive
Sep 1, 2026
On August 31, 2026, DeFi Development Corp. announced plans for an initial public offering of up to $20 million of its Variable Rate Series C Perpetual Preferred Stock, branded as CHAD Stock, with an underwriter option for an additional 15% of shar...
Business Operations and StrategyFinancial Disclosures
DeFi Development Resumes Solana Purchases To Grow Treasury
Positive
Aug 27, 2026
On August 27, 2026, DeFi Development Corp. reported that it had resumed purchases of Solana, acquiring about 19,000 SOL at an average price of $98.14 and expanding its treasury to roughly 2.33 million SOL and SOL equivalents, funded in part by div...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.