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DeFi Development Corp. (DFDV)

Financial Services | Asset Management | Boca Raton, United States | NasdaqCM
2.84 USD -0.16 (-5.333%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 2.80 -0.04 (-0.038%) ⇩ (July 13, 2026, 5:56 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 4:18 a.m. EDT

The investment thesis here is built entirely on a speculative narrative rather than financial reality. While the company boasts a 'strong buy' recommendation and a target price of $7, the underlying fundamentals are catastrophic: negative earnings, massive debt loads exceeding equity by 12x, and a burning cash pile with no free cash flow. The recent 853% surge is a classic bubble formation driven by hype around Solana treasuries, not sustainable business growth. Short-term, the stock is trapped between a technical breakout and a severe lack of liquidity. The options market is screaming for a moonshot, with billions of dollars in implied value tied to deep OTM calls, but the underlying asset is fundamentally broken. This creates a dangerous environment where a single negative catalyst could trigger a collapse. Long-term, there is no case for holding. The balance sheet is a ticking time bomb, and the revenue growth is likely one-time accounting artifacts rather than operational scaling. The market has already priced in a miracle turnaround, leaving little room for error. This is a high-risk speculative vehicle suitable only for capital destined to be lost, not a core investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_106 ✓0.185105
AutoARIMA0.187217
AutoETS0.188593
MSTL0.191399
AutoTheta0.201917
MSTL_740.211964
MSTL_74_1060.346571

Forecast horizon: 60 days | Selected: MSTL_106

Forecast Reliability
Score 29%
H-stat 0.22
Ljung-Box p 0.000
Jarque-Bera p 0.583
Excess Kurtosis -0.37
Attribute Value
Sector Financial Services
Debt to Equity Ratio 1253.473
Revenue per Share 0.611
Market Cap 85,535,696
Forward P/E -6.17
Beta -4.06
Previous Name Janover Inc.
Website https://defidevcorp.com

As of July 11, 2026, 4:18 a.m. EDT: Speculators are aggressively positioning for a massive upside move, evidenced by heavy open interest in deep out-of-the-money calls (strikes $30-$40) and significant volume in OTM calls across all expirations. Conversely, put activity is concentrated in the money and at lower strikes, suggesting a hedge against volatility rather than a bearish bet on a crash. The skew indicates a 'lottery ticket' mentality where traders are betting on a continuation of the recent rally rather than a reversal.


Info Dump

Attribute Value
52 Week Change -0.877551
Address1 6,401 Congress Avenue
Address2 Suite 250
All Time High 53.88
All Time Low 0.481143
Ask 3.57
Ask Size 2
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 878,930
Average Daily Volume3 Month 927,924
Average Volume 927,924
Average Volume10Days 878,930
Beta -4.058
Bid 2.15
Bid Size 2
Book Value 0.346
City Boca Raton
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 2.84
Current Ratio 1.393
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 2.98
Day Low 2.79
Debt To Equity 1,253.473
Display Name DeFi Development
Earnings Call Timestamp End 1,778,760,000
Earnings Call Timestamp Start 1,778,760,000
Earnings Timestamp 1,778,702,400
Earnings Timestamp End 1,786,564,800
Earnings Timestamp Start 1,786,564,800
Ebitda -87,279,000
Ebitda Margins 0.0
Enterprise To Ebitda -2.371
Enterprise To Revenue 15.036
Enterprise Value 206,939,696
Eps Forward -0.46
Eps Trailing Twelve Months -6.72
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 3.6151
Fifty Day Average Change -0.7751
Fifty Day Average Change Percent -0.21440624
Fifty Two Week Change Percent -87.755104
Fifty Two Week High 32.0
Fifty Two Week High Change -29.16
Fifty Two Week High Change Percent -0.91125
Fifty Two Week Low 2.44
Fifty Two Week Low Change 0.39999986
Fifty Two Week Low Change Percent 0.16393436
Fifty Two Week Range 2.44 - 32.0
Financial Currency USD
First Trade Date Milliseconds 1,690,291,800,000
Float Shares 22,069,717
Forward Eps -0.46
Forward P E -6.1739125
Free Cashflow -87,293,792
Full Exchange Name NasdaqCM
Full Time Employees 16
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.97493
Gross Profits 13,418,000
Has Pre Post Market Data 1
Held Percent Insiders 0.22600001
Held Percent Institutions 0.15066
Implied Shares Outstanding 30,118,205
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 85,535,696
Market State PREPRE
Max Age 86,400
Message Board Id finmb_669333252
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-13
Net Income To Common -156,400,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 85,385,111
Number Of Analyst Opinions 2
Open 2.98
Operating Cashflow -26,999,000
Operating Margins -20.72823
Payout Ratio 0.0
Phone 561 559 4111
Post Market Change -0.038100004
Post Market Change Percent -1.3415495
Post Market Price 2.8019
Post Market Time 1,783,979,813
Prev Name Janover Inc.
Previous Close 3.0
Price Hint 4
Price To Book 8.208093
Price To Sales Trailing12 Months 6.214902
Profit Margins 0.0
Quick Ratio 0.069
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change -0.16
Regular Market Change Percent -5.33334
Regular Market Day High 2.98
Regular Market Day Low 2.79
Regular Market Day Range 2.79 - 2.98
Regular Market Open 2.98
Regular Market Previous Close 3.0
Regular Market Price 2.84
Regular Market Time 1,783,972,801
Regular Market Volume 759,203
Return On Assets -0.47439
Return On Equity -23.984442
Revenue Growth 8.282
Revenue Per Share 0.611
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 30,118,205
Shares Percent Shares Out 0.2068
Shares Short 6,227,152
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 5,666,571
Short Name DeFi Development Corp.
Short Percent Of Float 0.2865
Short Ratio 5.63
Source Interval 15
State FL
Symbol DFDV
Target High Price 7.0
Target Low Price 4.7
Target Mean Price 5.85
Target Median Price 5.85
Total Cash 6,375,000
Total Cash Per Share 0.212
Total Debt 127,779,000
Total Revenue 13,763,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -6.72
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.271425
Two Hundred Day Average Change -3.4314249
Two Hundred Day Average Change Percent -0.54715234
Type Disp Equity
Volume 759,203
Website https://defidevcorp.com
Zip 33,487