Business
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19 ITEM 6. [Reserved] 19 ITEM 7.
DeFi Development Corp.: Revenue grew 442.2% to $11.39M from $2.1M. Net loss widened to $73.79M from $2.727M. Free cash flow outflow widened to $17.97M from $2.441M. Operating margin contracted 17667 bps to -319.67%. DeFi Development Corp.'s annual comparison also shows free cash flow declined despite revenue growth; the manipulation screen is flagged and should be investigated as a warning rather than treated as proof; the balance-sheet screen falls in the distress range and requires business-model context.
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 442.2% to $11.39M from $2.1MOK
- Profitability — Net loss widened to $73.79M from $2.727MWatch
- Cash flow — Free cash flow outflow widened to $17.97M from $2.441MWatch
- Margins — Operating margin contracted 17667 bps to -319.67%Watch
- Accounting — Controls ineffective; material weaknessWatch
- Insiders — 3 purchases and 0 salesOK
Where the revenue comes from
Fiscal 2025, as DeFi Development Corp. reports it. History and quarterly detail are in the app.
- Treasury$9.2M
- Real Estate$2.2M
Leadership changes
From DeFi Development Corp.'s own filings, the day they're filed.
- Parker White · Chief Operating Officer · departureeff. 2026-06-08
- Hadley Stern · director · appointmenteff. 2026-01-27
- Thomas Perfumo · director · departureeff. 2025-10-21
Latest filings
- 8-K · Company announcement2026-09-01
- 8-K · Company announcement2026-08-27
- 10-Q · Quarterly report2026-08-13
- 8-K · Company announcement2026-08-12
- 8-K · Company announcement2026-06-26
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about DeFi Development Corp., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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