DeFi Development Corp.
DFDV NASDAQThere isn't enough cash-flow history to value DeFi Development Corp. yet. Its growth outlook scores strong; the balance sheet looks stretched.
At a glance
tap a tile to dig inOtto's verdict
the tiles above, in a line each- Health 4 of 12 health checks pass.
- Growth Revenue trend ≈ +15%/yr (extended trend, not a forecast).
- Street Analysts lean strong buy · avg target +95% from here.
- Dividend No dividend — this is a growth-only story.
Not investment advice — Otto just crunches numbers.
Price trend
-9.8% over all saved history · S&P 500 +68.0%
What think
The market's move: -9.8% over the past year
Trading 2% up its 52-week range. Price is the market's live vote — not advice.
Analyst consensus: Strong Buy · 2 analysts
Average 12-month target $5.85 — +95.0% vs today.
Yahoo Finance's analyst aggregate. Sentiment, not advice.
Insiders: 0 buys · 0 sales in recent filings
Open-market trades from SEC Form 4. Sales are often pre-planned (10b5-1); buys tend to say more. Sentiment, not advice.
InvestRight readers: 0 watching
This site's own activity — not a broad measure. Sentiment, not advice.
The snowflake
checks passed on each axis- Value 0/— checks
- Future 2/3 checks
- Past 1/3 checks
- Health 1/6 checks
- Dividend 0/— checks
What does this show?
Five quick health scores — Value, Future, Past, Health and Dividend — each 0–100%. A bigger, more even shape means a stock that scores well across the board; a spiky one is strong on some axes and weak on others.
Learn more on Investopedia →Fair value
our estimate · not analyst forecastNot enough cash-flow history to estimate a fair value for DFDV yet.
What does this show?
Our estimate of what one share is worth based on the cash the business is expected to generate (a discounted-cash-flow model), next to today's price. Below fair value hints undervalued, above hints expensive — it's an estimate, not a guarantee.
Learn more on Investopedia →Health checks
12 checks run on free data- ⚠ Debt/equity falling over time long-term debt/equity 128.3% vs 0.0%
- ⚠ Debt is under 40% of equity debt/equity 1253%
- ⚠ Debt well covered by cash flow operating cash flow covers -14.0% of debt
- ⚠ Earnings grew over the period -1.3M → -73.8M
- ⚠ Earnings trending up latest above earliest
- ⚠ Interest comfortably covered by profit EBIT covers interest -4.1×
Show all 12 checks by axis
Value 0/— passed
- – Trading below our fair-value estimate
- – P/B below industry industry P/B not on the free feed
- – P/E below industry industry P/E not on the free feed
- – P/E below peer average peer P/Es land after the next refresh
- – P/S sane vs its own history needs multi-year P/S (Tier B)
- – More than 20% below fair value
Future 2/3 passed
- ⚠ Earnings trending up latest above earliest
- – Growth beats the industry industry growth not on the free feed
- – Earnings growth beats the market
- ✓ Revenue trending up 74.3%/yr over 3yr
- ✓ Return on equity improving ROE -74.3% vs -240.1% 3yr ago
Past 1/3 passed
- ⚠ Earnings grew over the period -1.3M → -73.8M
- – High-quality earnings (few one-offs) one-off detection deferred — needs statement detail
- – Growth accelerating vs its average n/a (loss years)
- ✓ Revenue higher than five years ago 2.2M → 11.4M
- ⚠ Return on equity above 20% ROE -2398.4%
Health 1/6 passed
- ⚠ Debt/equity falling over time long-term debt/equity 128.3% vs 0.0%
- ⚠ Debt is under 40% of equity debt/equity 1253%
- ⚠ Debt well covered by cash flow operating cash flow covers -14.0% of debt
- ⚠ Interest comfortably covered by profit EBIT covers interest -4.1×
- ⚠ Short-term assets cover long-term debt 121.9M vs 127.4M
- ✓ Short-term assets cover short-term bills 121.9M vs 80.8M
Dividend 0/— passed
- – Dividend covered by earnings and cash flow pays no dividend
- – Dividend growing over time pays no dividend
- – No dividend cut in recent years pays no dividend
- – Payout ratio under 75% pays no dividend
- – Yield beats the market pays no dividend
- – Yield in the top quartile of payers pays no dividend
What does this show?
Pass/fail rules on the company's finances — debt levels, profitability, cash cover and so on. More greens means a sturdier balance sheet; an n/a just means we didn't have that data point.
Learn more on Investopedia →Past performance
10-yr history from SEC EDGAR filingsRevenue
Earnings
Free cash flow
dashed line = what it'd look like growing at our ~9% market-average benchmark, for comparison
What does this show?
How revenue, earnings and free cash flow have grown over the years. Bars rising left-to-right show a growing business; the dashed line is a market-average pace for comparison.
Learn more on Investopedia →Future
trend, not analyst forecastRevenue · extended at 15.0%/yr
Dashed bars just extend the historical trend (capped at ±15%/yr) — the same growth our DCF uses. It's arithmetic on the past, not an analyst forecast; real futures bend.
What does this show?
Solid bars are history; dashed bars simply extend the past growth trend a few years forward — capped so it stays sane. It's a trend line, not an analyst forecast.
Learn more on Investopedia →Dividend
from cash actually paid, not promisesDeFi doesn't pay a dividend — Otto leaves this axis blank rather than guessing.
What does this show?
The share of profit paid back to shareholders as cash. Yield is that cash as a % of the price; the payout gauge shows how much of earnings is paid out (over ~75% can be hard to sustain).
Learn more on Investopedia →Ownership & insiders
from SEC Form 4 filingsNo open-market buys or sells in the recent filings — what's below is mostly awards and option activity.
- Tax-withhold Han Fei · Chief Financial Officer 2,803 sh · $8,661 2026-06-17
- Tax-withhold Han Fei · Chief Financial Officer 2,802 sh · $13,394 2026-05-17
- Tax-withhold Han Fei · Chief Financial Officer 2,862 sh · $13,680 2026-04-17
- Award Townsend Adam R. · Director 28,170 sh 2026-04-04
- Exercise Janover Blake · Director 70,000 sh 2026-04-01
- Tax-withhold Janover Blake · Director 17,045 sh · $58,805 2026-04-01
Insiders must report within two business days. Sales are often pre-planned (10b5-1) rather than a signal — buys tend to say more.
What does this show?
Buys and sells by the company's own directors and officers, from their SEC filings. Insiders sell for many reasons, but clusters of open-market buying can signal confidence.
Learn more on Investopedia →Spot a missing competitor? Sign in to add it — it'll show for everyone.
What does this show?
A few peers in the same business, each with its own mini snowflake, so you can see how this company stacks up rather than judging it in isolation. Anyone signed in can add a missing competitor — it shows for everyone, marked as user-added.
Learn more on Investopedia →In the news
- DeFi Development Doubles Down on Solana Strategy as Crypto Volatility Spurs Cost Cuts
- DeFi Development to rename as Cykel AI as shares soar 83% on strategic reset
- The SEC’s “Make IPOs Great Again” Agenda: ICR Capital Note
- DeFi Development Corp (DFDV) Q1 2026 Earnings Call Highlights: Strong Solana Growth and ...
- SOL Strategies: Darklake & Houdini Add Middleware Monetization, Staking Scale Nears 768k SOL – Quarterly Update Report
- DeFi Development Pitches ‘Speedboat’ Solana Strategy as Treasury Holdings Surge
- DeFi Development Q1 Earnings Call Highlights
- DeFi Development Opens $200 Million ATM Facility to Expand Solana Treasury
My notes
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Hi! I can explain DeFi's numbers — valuation, health, the dividend, the fair-value gap. What would you like to know?
Otto explains what's on this page — not investment advice.