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DeFi Development Corp. (DFDVW) stock analysis

DFDVWNasdaqFinance ServicesFiscal year ends December 31Also trades as CHAD, DFDV, DFUKF
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026Score 3/30
$0.31−0.05 (-14.13%)

Close on Oct 30, 2026Market cap $102.29MP/E –Yield –

StockData Score

Prices as of Oct 30, 2026How the score works

Value0Growth2Performance0Health1Dividend0

Weak3 of 30 checks passed

DeFi Development passes 3 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
2/6
Past performance
0/6
Financial health
1/6
Dividend
0/6

What stands out

  • Revenue growing 10%+ a year

    Revenue grew 74.3% a year over the last three fiscal years.

  • Growing faster than the industry

    Revenue grew 329% over the last twelve months; the Finance services median is 15.9%.

  • Short-term assets cover short-term debts

    Current assets are 1.21 times current liabilities.

What to watch

  • Return on equity under 15%

    Return on equity was -589% over the last twelve months and averaged -144% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -103%, below the 10% that usually covers the cost of capital.

  • Interest not well covered

    Operating income covers interest expense -9.0 times; we look for at least 5.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -24.9% of total debt; we look for at least 20%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/S above the industry

    DeFi Development's price-to-sales of 6.78 is above the Finance services median of 3.54 (book value is negative, so we use sales).

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth2/6

  • Revenue growing 10%+ a year

    Revenue grew 74.3% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 329% over the last twelve months; the Finance services median is 15.9%.

  • Guidance issued

    The latest outlook (December 2028 SPS, Aug 12, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin slipping

    Gross margin was 97.8% over the last twelve months, against 98.6% a year earlier.

Past performance0/6

  • Return on equity under 15%

    Return on equity was -589% over the last twelve months and averaged -144% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -103%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    DeFi Development's return on equity of -589% is below the Finance services median of -34.6%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -1319% over the last twelve months, against a 5-year average of -251%.

  • Net margin below the industry

    DeFi Development's net margin of -1319% is below the Finance services median of -68.3%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -24.9% of total debt; we look for at least 20%.

  • Interest not well covered

    Operating income covers interest expense -9.0 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.21 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is -3.04; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    DeFi Development has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for DeFi Development. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/B at month end
  • Own 5-year median 2.0
  • Finance services median 1.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$9.10M
Value traded per 1% price move
$1.22M

Downside

High risk

Typical loss in a bad month
48.3%
Volatility (annualized)
114%
Sharpe ratio, 1 year
-0.68
Beta to the S&P 500 (5Y)
–

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2021 to 2025

Gross margin

97.8%

Operating margin

-319.7%

Net margin

-648.1%