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Screener / SEC EDGAR /CIK 0001805526 /10-K filed Mar 30, 2026, compared with Mar 27, 2025 /Numbers from the XBRL of the 10-Ks
Crypto peers:
DJTHSDTTRONDFDVUPXIBTCS
Nasdaq, OTC Crypto · Financial Services

DeFi Development DFDV

DFDV quote by TradingView

DeFi Development Corp. ("we," "our," "DeFi Dev," "us," or the "Company") is a publicly traded company focused on building and managing a digital asset treasury strategy centered on the Solana blockchain ecosystem. 10-K, Item 1

Headquarters
Boca Raton, FL
CEO
Joseph Mario Onorati
Next results
around Mar 29, 2027
Compare with peers Embed

DFDV among Crypto peers

Six ratios from the latest 10-K. Each corner is the share of 25 peers the company is above, not a score.

Compare
Revenue growth: 442.2%, above 96% of 25 peers (their median 26.3%) REVENUE GROWTH 442.2% · above 96% Gross margin: 97.8%, above 100% of 15 peers (their median 54.5%) GROSS MARGIN 97.8% · above 100% Operating margin: -866.5%, above 0% of 16 peers (their median -163.4%) OPERATING MARGIN -866.5% · above 0% FCF margin: -198.9%, above 26% of 19 peers (their median -91.3%) FCF MARGIN -198.9% · above 26%
DFDV Peer median Below the median

What changed

68 new risk paragraphs and 3 accounting facts worth reading about. 10-K filed Mar 30, 2026 against Mar 27, 2025.

Risk factors
68 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Auditor change
8-K item 4.01 (change in certifying accountant) filed Apr 24, 2025
10-K · XBRL
Late filing notice (NT 10-K or NT 10-Q)
NT 10-Q filed May 15, 2026: the company said its 10-Q would be late (2 in 2 years)
10-K · XBRL
Material weakness in internal control
“Based on the evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures were not effective as of December 31, 2025 due to material weaknesses in our internal control over financial reporting as described below.”
10-K · XBRL
Accounting checks
5 other checks clear, 3 worth a look
10-K · XBRL
Insiders
4 open-market buys in the last 90 days
Form 4
Filings
9 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

8 checks on the latest 10-K. Checks, not verdicts.

How it works

3facts worth reading about the other 5 checks found nothing to note

  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Apr 24, 2025
  • Late filing notice (NT 10-K or NT 10-Q)
    NT 10-Q filed May 15, 2026: the company said its 10-Q would be late (2 in 2 years)
  • Material weakness in internal control
    “Based on the evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures were not effective as of December 31, 2025 due to material weaknesses in our internal control over financial reporting as described below.”
  • Receivables -73.3% vs revenue +442.2% (-515.5 pts)
4 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

68 paragraphs in Risk Factors that were not in the 10-K filed Mar 27, 2025. Quoted as filed.

All 68 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 27, 2025 10-K, ITEM 1A
    Our financial results and the market price of our Common Stock may be affected by the prices of digital assets that we hold. As part of our capital allocation strategy for assets that are not required to provide working capital for our ongoing operations, we have invested and will continue to invest in SOL and other digital assets. The…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 27, 2025 10-K, ITEM 1A
    As SOL and other digital assets are relatively novel and the application of state and federal securities laws and other laws and regulations to digital assets is unclear in certain respects, it is possible that regulators in the United States or foreign countries may interpret or apply existing laws and regulations in a manner that…
  3. Item 1A · new paragraph · not in the 10-K filed Mar 27, 2025 10-K, ITEM 1A
    We currently earn rewards from the Solana Network through operating two validator nodes. Solana’s current protocol distributes rewards to validators based on a declining inflation model. This model reduces the total amount of Solana rewards available to distribute to validators by 15% each year until it reaches a long-term rate of 1.5%.…

New risk paragraphs, against peers

Latest 10-K of each, Crypto companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.2M$2.0M$2.1M$11.4M
Net income−$1.3M−$3.4M−$2.7M−$73.8M
Operating cash flow−$1.0M−$1.6M−$2.4M−$18.0M
Free cash flow−$1.0M−$1.6M−$2.4M−$18.0M

Revenue, FY2022 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$11.4M ▲ 442.2% in FY2025

FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

9 filings in the last 30 days · SEC EDGAR

All filings
4 more

About the company

DeFi Development, Boca Raton, FL · from the 10-K filed Mar 30, 2026

DeFi Development Corp. ("we," "our," "DeFi Dev," "us," or the "Company") is a publicly traded company focused on building and managing a digital asset treasury strategy centered on the Solana blockchain ecosystem. We also provide an artificial intelligence (“AI”) platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property, including apartment buildings, to commercial property lenders.

Headquarters
Boca Raton, FL
Country
United States
Reports in
USD
Listed on
Nasdaq, OTC
Fiscal year ends
December 31
Last results
Oct 5, 2026
Incorporated in
NV

Email alerts

Sources

The 10-K filed Mar 30, 2026 (open at SEC), compared with the 10-K filed Mar 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/DFDV/export.csv") into a cell.