DFDV
DeFi Development Corp.
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Neutral
+14/100
Last price
5.10
▼ 0.37 (6.76%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
5.30
Prev close
5.47
Day high
5.71
Day low
4.96
Volume
3.10M
Market cap
$162.45M
P/E (TTM)
—
52W range
2.44 – 18.28
Day trading desk
Gap from prior close
-3.11%
Prior close 5.47
VWAP
5.12
-0.30% from price
Relative volume
3.85×
Unusually busy
Session range
15.12%
4.96 – 5.71
Position in range
19%
Near session low
ATR (14D)
0.61
11.87% of price
Prior day high
5.60
PDH
Prior day low
5.26
PDL
Bid / ask spread
—
Quote not published
Session volume
6.05M
Avg 1.57M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-10.59%
-12.5%
1M
-15.16%
-16.3%
3M
+63.82%
+59.3%
6M
+43.52%
+25.3%
YTD
-1.39%
-15.6%
1Y
-68.46%
-84.9%
3Y
+260.12%
+177.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on DFDV open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
5.96M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 21, 26 | WHITE PARKER Beneficial Owner of more than 10% of a Class of Security |
BUY | 10.07K | $39.32K | Direct |
| Aug 20, 26 | KANG DANIEL Officer |
BUY | 11.00K | $42.68K | Direct |
| Aug 14, 26 | KANG DANIEL Officer |
BUY | 13.00K | $37.83K | Indirect |
| Apr 2, 26 | TOWNSEND ADAM R Director |
STOCK | 28.17K | $0 | Direct |
| Apr 1, 26 | JANOVER BLAKE E. Director |
— | 70.00K | — | Direct |
| Feb 17, 26 | CARAGOL WILLIAM J Director |
STOCK | 2.00K | $0 | Direct |
| Feb 17, 26 | HAN FEI Chief Financial Officer |
STOCK | 374.92K | $0 | Direct |
| Feb 17, 26 | TAI ZACHARY ARIS Director |
STOCK | 5.00K | $0 | Direct |
| Feb 17, 26 | PERFUMO THOMAS J Director |
STOCK | 7.00K | $0 | Direct |
| Jan 27, 26 | STERN HADLEY R Director |
STOCK | 16.50K | $0 | Direct |
| Dec 10, 25 | WHITE PARKER Chief Operating Officer |
BUY | 17.76K | $102.30K | Direct |
| Nov 25, 25 | WHITE PARKER Chief Operating Officer |
BUY | 10.04K | $69.42K | Direct |
| Nov 25, 25 | KANG DANIEL Officer |
BUY | 4.20K | $28.98K | Direct |
| Oct 21, 25 | PERFUMO THOMAS J Director |
STOCK | 7.00K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CARAGOL WILLIAM J |
Director | 54.50K | Stock Award(Grant) |
HAN FEI |
Chief Financial Officer | 843.44K | Stock Award(Grant) |
JANOVER BLAKE E. |
Director | 61.24K | Conversion of Exercise of derivative security |
KANG DANIEL |
Officer | 78.03K | Purchase |
PERFUMO THOMAS J |
Director | 14.00K | Stock Award(Grant) |
STERN HADLEY R |
Director | 16.50K | Stock Award(Grant) |
TAI ZACHARY ARIS |
Director | 14.50K | Stock Award(Grant) |
TOWNSEND ADAM R |
Director | 28.17K | Stock Award(Grant) |
WHITE PARKER |
Beneficial Owner of more than 10% of a Class of Security | 3.10M | Purchase |
Fundamentals
Market cap$162.45M
Enterprise value$268.65M
Revenue (TTM)$15.09M
Gross profit$14.75M
EBITDA$-127.25M
Net income$-199.12M
EPS (TTM)$-9.27
Free cash flow$-98.38M
Total cash$6.29M
Total debt$120.56M
Book value / share$-0.39
Shares outstanding32.62M
Float21.31M
Short % of float19.10%
Dividend yield0.00%
Beta (5Y)-3.53
Valuation & profitability ratios
Trailing P/E—
Forward P/E-8.44
PEG ratio—
Price / sales—
Price / book—
EV / revenue17.80
EV / EBITDA-2.11
Gross margin97.75%
Operating margin-689.20%
Profit margin0.00%
Return on equity-589.29%
Return on assets-51.84%
Debt / equity—
Current ratio1.21
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $11.39M | $2.10M | $2.00M | $2.15M | +442.2% |
| Operating revenue | $11.39M | $2.10M | $2.00M | $2.15M | +442.2% |
| Cost of revenue | $249.00K | $32.00K | $0 | — | +678.1% |
| Gross profit | $11.14M | $2.07M | $2.00M | — | +438.5% |
| Research & development | $1.14M | $655.00K | $792.13K | $426.83K | +74.4% |
| Selling, general & admin | $16.57M | $4.11M | $4.62M | $3.44M | +303.4% |
| Total operating expense | $18.76M | $5.07M | $5.41M | $3.87M | +270.0% |
| Operating income | -$7.63M | -$3.00M | -$3.40M | -$1.72M | -153.9% |
| Net interest income | -$8.93M | $0 | $140.72K | $9.24K | — |
| Pre-tax income | -$73.78M | -$2.73M | -$3.37M | -$1.26M | -2,605.5% |
| Tax provision | $9.00K | $0 | — | — | — |
| Net income | -$73.79M | -$2.73M | -$3.37M | -$1.26M | -2,605.8% |
| Net income to common | -$73.79M | -$2.73M | -$3.37M | -$1.26M | -2,605.8% |
| Basic EPS | -4.00 | -0.28 | -0.46 | -0.14 | -1,335.9% |
| Diluted EPS | -4.00 | -0.28 | -0.46 | -0.14 | -1,335.9% |
| EBIT | -$64.85M | -$2.73M | -$3.40M | -$1.72M | -2,278.0% |
| EBITDA | -$63.80M | -$2.42M | -$3.40M | -$1.72M | -2,536.5% |
| Basic shares | 18.45M | 9.77M | 7.40M | 8.74M | +89.0% |
| Diluted shares | 18.45M | 9.77M | 7.40M | 9.13M | +89.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $5.92M | $2.52M | $5.08M | $981.13K | +135.2% |
| Cash & short-term investments | $9.60M | $2.86M | $5.08M | $981.13K | +235.8% |
| Accounts receivable | $52.00K | $195.00K | $86.14K | $38.29K | -73.3% |
| Total current assets | $121.93M | $3.27M | $5.29M | $1.03M | +3,622.9% |
| Property, plant & equipment | $0 | $41.00K | $90.92K | $109.66K | -100.0% |
| Goodwill & intangibles | $3.63M | $985.00K | $1.28M | $16.18K | +268.2% |
| Total assets | $307.41M | $4.38M | $6.68M | $1.34M | +6,924.9% |
| Total current liabilities | $80.79M | $593.00K | $675.10K | $204.90K | +13,523.6% |
| Current debt | $107.00K | — | — | — | — |
| Long-term debt | $127.36M | — | — | — | — |
| Total debt | $127.47M | $13.93K | $66.66K | $112.57K | +914,764.0% |
| Total liabilities | $208.15M | $874.00K | $867.85K | $811.53K | +23,715.7% |
| Retained earnings | -$91.77M | -$9.37M | -$6.64M | -$3.27M | -879.4% |
| Shareholder equity | $99.26M | $3.50M | $5.82M | $525.38K | +2,734.4% |
| Working capital | $41.14M | $2.68M | $4.62M | $822.08K | +1,433.9% |
| Net tangible assets | $95.63M | $2.52M | $4.53M | $509.20K | +3,699.5% |
| Shares issued | 29.89M | 9.91M | 9.67M | 8.74M | +201.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$73.79M | -$2.73M | -$3.37M | -$1.26M | — | -2,605.8% |
| Depreciation & amortisation | $1.04M | $307.00K | $912 | $0 | — | +240.4% |
| Stock-based compensation | $1.67M | $413.00K | $1.49M | $529.93K | — | +305.3% |
| Change in working capital | $6.29M | -$71.00K | $200.05K | $142.31K | — | +8,953.5% |
| Operating cash flow | -$17.97M | -$2.42M | -$1.57M | -$1.02M | — | -643.1% |
| Capital expenditure | -$217.32M | -$23.00K | -$29.05K | — | — | -944,769.6% |
| Investing cash flow | -$221.54M | -$23.00K | -$89.05K | $0 | — | -963,130.4% |
| Share buybacks | -$87.16M | -$5.00K | $0 | — | — | -1,743,020.0% |
| Dividends paid | — | — | — | $0 | -$66.50K | — |
| Financing cash flow | $242.91M | -$118.00K | $5.75M | $297.52K | — | +205,958.5% |
| Free cash flow | -$235.29M | -$2.44M | -$1.60M | -$1.02M | — | -9,539.0% |
| End cash position | $5.92M | $2.52M | $5.08M | $981.13K | — | +135.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $3.31M | $2.66M | $4.49M | $4.63M | $1.99M | — | +24.4% |
| Operating revenue | $3.31M | $2.66M | $4.49M | $4.63M | $1.99M | — | +24.4% |
| Cost of revenue | $21.00K | $103.00K | $127.00K | $88.00K | $28.00K | — | -79.6% |
| Gross profit | $3.29M | $2.56M | $4.36M | $4.54M | $1.96M | — | +28.6% |
| Research & development | $83.00K | $141.00K | $391.00K | $269.00K | $313.00K | — | -41.1% |
| Selling, general & admin | $4.18M | $6.26M | $5.97M | $4.24M | $5.36M | — | -33.2% |
| Total operating expense | $4.61M | $6.75M | $6.71M | $4.86M | $5.96M | — | -31.7% |
| Operating income | -$1.32M | -$4.19M | -$2.35M | -$324.00K | -$4.00M | — | +68.5% |
| Net interest income | -$3.70M | -$2.70M | -$5.22M | -$2.93M | -$776.00K | — | -37.3% |
| Pre-tax income | -$27.29M | -$83.39M | -$163.59M | $73.96M | $16.63M | — | +67.3% |
| Tax provision | $1.00K | $0 | -$19.13M | $17.93M | $1.20M | — | — |
| Net income | -$27.29M | -$83.39M | -$144.47M | $56.03M | $15.43M | — | +67.3% |
| Net income to common | -$27.29M | -$83.39M | -$144.47M | $56.03M | $15.43M | — | +67.3% |
| Basic EPS | -1.00 | -3.18 | — | 2.41 | 0.84 | -0.08 | +68.6% |
| Diluted EPS | -1.00 | -3.18 | — | 1.83 | 0.84 | -0.08 | +68.6% |
| EBIT | -$23.59M | -$80.69M | -$158.37M | $76.89M | $17.41M | — | +70.8% |
| EBITDA | -$23.23M | -$80.34M | -$158.02M | $77.25M | $17.70M | — | +71.1% |
| Basic shares | 27.35M | 26.26M | — | 23.20M | 14.14M | 9.97M | +4.2% |
| Diluted shares | 27.35M | 26.26M | — | 31.44M | 19.33M | 9.97M | +4.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.33M | $3.68M | $5.92M | $8.80M | $2.47M | — | +17.7% |
| Cash & short-term investments | $6.29M | $6.38M | $9.60M | $10.18M | $3.06M | — | -1.4% |
| Accounts receivable | — | — | $52.00K | $52.00K | $1.09M | $631.44K | — |
| Total current assets | $114.65M | $127.77M | $121.93M | $174.41M | $5.58M | — | -10.3% |
| Property, plant & equipment | — | — | $0 | $0 | $53.00K | $108.47K | — |
| Goodwill & intangibles | $2.91M | $3.28M | $3.63M | $3.98M | $4.33M | — | -11.3% |
| Total assets | $203.33M | $229.72M | $307.41M | $479.95M | $107.23M | — | -11.5% |
| Total current liabilities | $94.80M | $91.74M | $80.79M | $85.55M | $5.14M | — | +3.3% |
| Current debt | — | — | $107.00K | $267.00K | $427.00K | — | — |
| Long-term debt | $120.56M | $127.78M | $127.36M | $131.44M | $21.21M | — | -5.6% |
| Total debt | $120.56M | $127.78M | $127.47M | $131.71M | $21.68M | — | -5.6% |
| Total liabilities | $215.37M | $219.52M | $208.15M | $236.15M | $27.62M | — | -1.9% |
| Retained earnings | -$202.57M | -$175.29M | -$91.77M | $61.31M | $5.28M | — | -15.6% |
| Shareholder equity | -$12.03M | $10.19M | $99.26M | $243.80M | $79.61M | — | -218.0% |
| Working capital | $19.85M | $36.02M | $41.14M | $88.86M | $436.00K | — | -44.9% |
| Net tangible assets | -$14.94M | $6.92M | $95.63M | $239.82M | $75.28M | — | -316.0% |
| Shares issued | 30.58M | 29.50M | 29.89M | 27.72M | 17.40M | — | +3.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$27.29M | -$83.39M | -$144.47M | $56.03M | $15.43M | +67.3% |
| Depreciation & amortisation | $352.00K | $351.00K | $352.00K | $352.00K | $291.00K | +0.3% |
| Stock-based compensation | $1.72M | $720.00K | $337.00K | $331.00K | $952.00K | +139.4% |
| Change in working capital | -$1.34M | -$2.60M | $2.12M | $1.25M | $2.87M | +48.7% |
| Operating cash flow | -$4.29M | -$9.82M | -$10.93M | -$4.98M | -$1.27M | +56.3% |
| Capital expenditure | -$606.00K | -$3.72M | — | -$157.66M | — | +83.7% |
| Investing cash flow | $10.39M | $16.19M | $14.77M | -$175.06M | -$61.25M | -35.8% |
| Share buybacks | $0 | -$10.50M | -$11.52M | -$75.64M | $0 | +100.0% |
| Financing cash flow | -$5.45M | -$8.61M | -$6.72M | $186.38M | $63.19M | +36.8% |
| Free cash flow | -$4.90M | -$13.54M | -$9.34M | -$162.64M | -$62.52M | +63.8% |
| End cash position | $4.33M | $3.68M | $5.92M | $8.80M | $2.47M | +17.7% |
Options analytics
Put / call volume
0.69
Call-heavy session
Put / call open interest
0.07
Positioning, not flow
Max pain
5.00
+0.4% from spot
ATM implied vol
124.6%
Nearest strike to spot
Skew (10% OTM)
+30.9%
Puts bid over calls
Call volume
151
Contracts, this expiry
Put volume
104
Contracts, this expiry
Heaviest call OI
7.50
10.39K contracts
Heaviest put OI
5.00
743 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.34 | -1.00 | -198.5% |
| Mar 2026 | -0.25 | -3.18 | -1,198.0% |
| Dec 2025 | -0.11 | -8.47 | -7,600.0% |
| Sep 2025 | — | -0.10 | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.17 | 1 | $4.60M | -0.5% |
| Next quarter | -0.13 | 1 | $6.10M | +35.9% |
| Current year | -3.07 | 1 | $16.70M | +46.7% |
| Next year | -0.88 | 2 | $23.04M | +38.0% |
Analyst targets & ownership
Mean target$8.70
High target$10.40
Low target$7.00
Implied upside70.59%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 2
Hold0
Sell / Strong sell0 / 0
Held by insiders19.23%
Held by institutions14.17%
Institutions holding58
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.52
-7.58% from price
SMA 20
5.46
-8.73% from price
SMA 50
4.45
+11.84% from price
SMA 100
3.86
+31.96% from price
SMA 200
4.28
+16.45% from price
EMA 12
5.42
-5.97% from price
EMA 26
5.23
-2.55% from price
EMA 50
4.76
+7.05% from price
RSI (14)
46.8
Neutral
MACD (12,26,9)
0.19
Hist -0.14
ATR (14)
0.61
12.15% of price
Realised vol 30D
123.4%
Annualised
Bollinger upper
6.46
20, 2σ
Bollinger lower
4.46
20, 2σ
50 / 200 cross
Golden
4.45 vs 4.28
Trend bias
Above 200
+16.45%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
3.92
More volatile than market
Correlation to SPY
0.45
Loosely linked
Realised vol 30D
123.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-86.2%
Peak to trough
Max drawdown 5Y
-94.2%
Peak to trough
ATR 14
0.61
12.15% of price
Beta (reported)
-3.53
5Y monthly, from filing
Short interest
Shares short
4.63M
Prior 4.99M
Change vs prior
-7.3%
Shorts covering
% of float
19.10%
Elevated
% of shares out
14.20%
Against total outstanding
Days to cover
2.2
Liquid
Float
21.31M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 10, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Jul 1, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| May 27, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Jun 16, 25 | Cantor Fitzgerald | INITIATED | — | Overweight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split7:1
Split dateMay 21, 2025
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-05
Corporate Changes & Voting Matters
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Corporate Changes & Voting Matters
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Registration Withdrawal Request
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Periodic Financial Reports
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Headlines
DeFi Development Corp Adds $3 Million in Solana as SOL Buys Slow
decrypt · 1d ago
Solana Treasury Firm DeFi Dev Corp Rolls Out $300M CHAD to Buy More SOL
decrypt · 22d ago
DeFi Development Expands Solana Treasury to 2.39M SOL
CryptoProwl · 22d ago
DeFi Development Raises $11M to Expand Solana Treasury
CryptoProwl · 32d ago
Solana Treasury DeFi Development Corp Eyes $20 Million Raise to Buy More SOL
decrypt · 35d ago
Solana Treasury Firm Dangles 13% Dividends to Bankroll Its Next SOL Buys
BeInCrypto · 36d ago
DeFi Development Resumes Solana SOL Purchases
MT Newswires · 40d ago
Solana Treasury Firm Invites Investors to Look 'Beyond the Price of SOL'
decrypt · 41d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.