DFDVDeFi Development

Crypto · Financial Services · Nasdaq, OTC

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

Dilution: new shares, stock pay and buybacks

prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGAR

Shares offered

Since Nov 11, 2023: 4 at-the-market programs, 1 preferred stock sale, 1 convertible offering, 9 shelf registrations; also 9 resales by holders, 1 update to an earlier prospectus. Latest at-the-market program for common stock: May 1, 2026, up to $200.0M.

Sep 11, 2026 At-the-market program: up to 30.0M shares of preferred stock 424B5
Sep 8, 2026 Sale of 1.4M preferred shares 424B5
May 1, 2026 At-the-market program: up to $200M of common stock 424B5
Apr 17, 2026 Shelf registration: shares and other securities, amount not fixed S-3
Dec 18, 2025 Shelf registration: shares and other securities, amount not fixed S-1
Nov 18, 2025 Convertible notes 424B3

“we may offer and sell from time to time shares of our variable rate series C perpetual preferred stock, par value $0.00001 per share (“CHAD Stock”).”
424B5, Sep 11, 2026 ↗

Every offering filing →

Paid in stock

$1.7M

stock-based pay, year to Dec 31, 2025; shares sold for $134.7M in cash

Bought back

$11.5M

cash paid for its own shares, year to Dec 31, 2025: 6.9× the stock pay

Diluted shares: 18.45M in the year to Dec 31, 2025 2025 +89.0%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How

No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.

Buybacks, year to Dec 31, 2025

$11.5M

cash paid for its own shares

Paid in stock to employees

$1.7M

buybacks were 6.9× this

Share count, 1 year

-5.5%

fewer shares: each share owns more

Share count, 3 years

+34.1%

diluted average shares

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
2025-12-31	$11.5M	-	$1.7M	$134.7M	18.45M
2024-12-31	$5K	-	$413K	$0	9.77M
2023-12-31	-	-	$944K	$5.7M	1.06M
2022-12-31	-	-	$530K	$166K	6.88M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Price paid per share

What DFDV paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.

Cheapest year

$5.61

fiscal year to Dec 31, 2025

Dearest year

$5.61

fiscal year to Dec 31, 2025

Average over these years

$5.61

$11.5M spent

Fiscal year to	Shares bought	Spent	Average price
2025-12-31	2.05M	$11.5M	$5.61

Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.

Work on DFDV in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/DFDV/export.csv") into a cell.