DeFi Development financials
$5.37−3.59%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 |
|---|---|---|---|---|---|
| Revenue | $3.3M | $2.7M | $4.5M | $4.6M | $2.0M |
| Gross profit | $3.3M | $2.6M | $4.4M | $4.5M | $2.0M |
| Gross margin | 99.4% | 96.1% | 97.2% | 98.1% | 98.6% |
| Operating income | -$22.8M | -$4.2M | -$2.4M | -$324.0K | $17.2M |
| Net income | -$27.3M | -$83.4M | -$144.5M | $56.0M | $15.4M |
| Net margin | −823.4% | −3130.3% | −3219.0% | 1211.4% | 777.0% |
| Diluted EPS | $-1.00 | $-3.18 | $-11.06 | $1.83 | $0.84 |
| EBITDA | -$969.0K | -$3.8M | -$2.0M | $28.0K | -$3.7M |
| Operating cash flow | -$4.3M | -$9.8M | -$10.9M | -$5.0M | -$1.3M |
| Free cash flow | -$4.3M | -$9.8M | -$10.9M | -$5.0M | -$1.3M |
| Diluted shares | 27.4M | 26.3M | 13.1M | 31.4M | 19.3M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 |
|---|---|---|---|---|---|
| Cash & equivalents | $4.3M | $3.7M | $5.9M | $8.8M | $2.5M |
| Short-term investments | $1.9M | $2.7M | $3.7M | $1.4M | $595.0K |
| Total debt | $120.6M | $210.8M | $127.5M | $202.0M | $21.6M |
| Total assets | $203.3M | $229.7M | $307.4M | $480.0M | $107.2M |
| Total liabilities | $215.4M | $219.5M | $208.1M | $236.2M | $27.6M |
| Shareholders' equity | -$12.0M | $10.2M | $99.3M | $243.8M | $79.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology