# DeFi Development Corp. (DFDV)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $54M  
**Price:** $2.95 (+11.11%)

> DeFi Development Corp. is a U.S.-based asset management company operating as the first public Digital Asset Treasury focused on accumulating Solana (SOL), a high-performance blockchain platform. It builds its corporate treasury around SOL holdings, providing shareholders with direct exposure to SOL price movements and staking rewards through its role as a proxy for the Solana ecosystem. The company runs its own validator infrastructure on the Solana network, enabling active participation in network security and expansion while generating potential yields from staking activities. Classified in the financial services sector and asset management industry, DeFi Development Corp. emphasizes decentralized finance infrastructure, pioneering blockchain solutions for efficient digital asset management. Investors can track key metrics like SOL Per Share to monitor treasury performance. Headquartered in the United States, the firm positions itself at the intersection of traditional equity markets and blockchain technology, offering a unique vehicle for Solana ecosystem engagement.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11M | $11M | -$36M | -$74M | $-4.00 |
| 2024 | $2M | $2M | -$3M | -$3M | $-0.28 |
| 2023 | $2M | — | -$3M | -$3M | $-3.19 |
| 2022 | $2M | — | -$2M | -$1M | $-0.18 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $307M | $208M | $99M | — | $127M |
| 2024 | $4M | $874,000 | $4M | $3M | — |
| 2023 | $7M | $867,847 | $6M | $5M | — |
| 2022 | $1M | $811,535 | $525,378 | $981,125 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$18M | $2,000 | -$18M |
| 2024 | -$2M | $23,000 | -$2M |
| 2023 | -$2M | $29,049 | -$2M |
| 2022 | -$1M | — | -$1M |

Source: [CompaniesByCap](https://companiesbycap.com/company/DFDV)