DeFi Development Corp. (DFDV)Financial Services | Asset Management | Boca Raton, United States | NasdaqCM
3.77 USD
-0.39
(-9.375%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
After hours: 3.73 -0.04 (-0.040%) ⇩ (Oct. 16, 2026, 7:33 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 7:39 a.m. EDT
The investment thesis here is entirely speculative, resting on a binary outcome regarding the company's Solana treasury strategy. While the recent price action shows a staggering +2393% annual gain, the underlying fundamentals are catastrophic: the company is burning cash at an accelerating rate (-$98M free cash flow), holds negative equity (-$0.39 book value), and trades on negative earnings with a forward P/E of -7.6x. The massive upside bias in options pricing suggests traders are ignoring these insolvency risks in favor of a 'moonshot' narrative, but the lack of analyst coverage and the deteriorating balance sheet make this a high-risk gamble rather than a sound investment. With no dividend to cushion the blow and a history of extreme volatility, the long-term outlook remains neutral due to the fundamental fragility, despite the short-term euphoria. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.398913 |
| AutoETS | 0.421502 |
| AutoARIMA | 0.421507 |
| AutoTheta | 0.461741 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 24% |
| H-stat | 125.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.093 |
| Excess Kurtosis | -1.57 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Revenue per Share | 0.584 |
| Market Cap | 122,980,376 |
| Forward P/E | -6.39 |
| Beta | -3.53 |
| Previous Name | Janover Inc. |
| Website | https://defidevcorp.com |
As of Oct. 10, 2026, 7:39 a.m. EDT: Speculators are overwhelmingly bullish, positioning heavy call volume and open interest at strikes significantly above the current price ($7.50, $10.00, even $25.00 for longer tenors). This aggressive upside skew contrasts sharply with the negligible put activity, indicating a market bet on a massive re-rating driven by the Solana treasury strategy rather than a fear of downside.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.73837614 |
| Address1 | 6,401 Congress Avenue |
| Address2 | Suite 250 |
| All Time High | 53.88 |
| All Time Low | 0.481143 |
| Ask | 4.96 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 1,950,920 |
| Average Daily Volume3 Month | 1,742,821 |
| Average Volume | 1,742,821 |
| Average Volume10Days | 1,950,920 |
| Beta | -3.53 |
| Bid | 3.0 |
| Bid Size | 2 |
| Book Value | -0.394 |
| City | Boca Raton |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 3.77 |
| Current Ratio | 1.209 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 4.22 |
| Day Low | 3.742 |
| Display Name | DeFi Development |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,622,400 |
| Earnings Call Timestamp Start | 1,786,622,400 |
| Earnings Timestamp | 1,786,564,800 |
| Earnings Timestamp End | 1,794,427,200 |
| Earnings Timestamp Start | 1,794,427,200 |
| Ebitda | -127,248,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -1.816 |
| Enterprise To Revenue | 15.316 |
| Enterprise Value | 231,140,672 |
| Eps Forward | -0.59 |
| Eps Trailing Twelve Months | -10.19 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 4.7079 |
| Fifty Day Average Change | -0.93790007 |
| Fifty Day Average Change Percent | -0.19921835 |
| Fifty Two Week Change Percent | -73.837616 |
| Fifty Two Week High | 15.14 |
| Fifty Two Week High Change | -11.370001 |
| Fifty Two Week High Change Percent | -0.7509908 |
| Fifty Two Week Low | 2.44 |
| Fifty Two Week Low Change | 1.3299999 |
| Fifty Two Week Low Change Percent | 0.5450819 |
| Fifty Two Week Range | 2.44 - 15.14 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,690,291,800,000 |
| Float Shares | 23,231,914 |
| Forward Eps | -0.59 |
| Forward P E | -6.3898306 |
| Free Cashflow | -98,384,312 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 16 |
| Fullday Change | -0.42999983 |
| Fullday Change Percent | -10.336535 |
| Fullday Price | 3.77 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.97753996 |
| Gross Profits | 14,752,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.20259 |
| Held Percent Institutions | 0.14107999 |
| Implied Shares Outstanding | 32,620,790 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,747,785,600 |
| Last Split Factor | 7:1 |
| Long Business Summary | DeFi Development Corp. focuses on building its treasury around Solana (SOL). SOL is a blockchain infrastructure platform. The company operates through two segments: Digital Asset Treasury and Real Estate Platform. The Digital Asset Treasury segment executes and manages its treasury policy for the purpose of purchasing, holding, and compounding its digital asset holdings through staking and operating its owned validators. The Real Estate Platform segment offers a technology platform that connects commercial mortgage and small business borrowers looking for debt to refinance, build, or buy commercial property, including apartment buildings and commercial property lenders. The company was formerly known as Janover Inc. and changed its name to DeFi Development Corp. in April 2025. The company. was founded in 2018 and is headquartered in Boca Raton, Florida. |
| Long Name | DeFi Development Corp. |
| Market | us_market |
| Market Cap | 122,980,376 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_669333252 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-18 |
| Net Income To Common | -199,119,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 187,732,646 |
| Number Of Analyst Opinions | 2 |
| Open | 4.17 |
| Operating Cashflow | -30,018,000 |
| Operating Margins | -6.89197 |
| Payout Ratio | 0.0 |
| Phone | 561 559 4111 |
| Post Market Change | -0.03999996 |
| Post Market Change Percent | -1.0610069 |
| Post Market Price | 3.73 |
| Post Market Time | 1,792,193,636 |
| Prev Name | Janover Inc. |
| Previous Close | 4.16 |
| Price Hint | 4 |
| Price To Book | -9.568528 |
| Price To Sales Trailing12 Months | 8.149253 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.066 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.39 |
| Regular Market Change Percent | -9.375 |
| Regular Market Day High | 4.22 |
| Regular Market Day Low | 3.742 |
| Regular Market Day Range | 3.742 - 4.22 |
| Regular Market Open | 4.17 |
| Regular Market Previous Close | 4.16 |
| Regular Market Price | 3.77 |
| Regular Market Time | 1,792,180,801 |
| Regular Market Volume | 1,943,987 |
| Return On Assets | -0.51837003 |
| Return On Equity | -5.8929305 |
| Revenue Growth | 0.669 |
| Revenue Per Share | 0.584 |
| Sand P52 Week Change | 0.13723719 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 32,620,790 |
| Shares Percent Shares Out | 0.143 |
| Shares Short | 4,665,646 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 4,857,782 |
| Short Name | DeFi Development Corp. |
| Short Percent Of Float | 0.1925 |
| Short Ratio | 1.85 |
| Source Interval | 15 |
| State | FL |
| Symbol | DFDV |
| Target High Price | 10.4 |
| Target Low Price | 7.0 |
| Target Mean Price | 8.7 |
| Target Median Price | 8.7 |
| Total Cash | 6,285,000 |
| Total Cash Per Share | 0.203 |
| Total Debt | 120,564,000 |
| Total Revenue | 15,091,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -10.19 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 4.2347 |
| Two Hundred Day Average Change | -0.46470022 |
| Two Hundred Day Average Change Percent | -0.10973627 |
| Type Disp | Equity |
| Volume | 1,943,987 |
| Website | https://defidevcorp.com |
| Zip | 33,487 |