Filing Flows › DeFi Development (DFDV) › Q1 2025
DeFi Development (DFDV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
DeFi Development (DFDV) reported revenue of $287K for the first quarter 2025 (Q1 2025), -30% from a year earlier and -54% from the quarter before. Operating margin was -307.5%, net loss $778K (270.9% of revenue).
DeFi Development, Q1 2025: revenue $287K (-30% year over year), operating margin -307.5%, net loss $778K, operating cash flow −$785K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $287K | -54% | -30% |
| Operating profit | −$883K | — | — |
| Net earnings | −$778K | — | — |
| Operating cash flow | −$785K | — | — |
What changed
Revenue was $287K in Q1 2025, down 30% year over year and down 54% from the previous quarter. Saa SSubscription Revenues was the largest line at 67% of revenue. Platform Fees lost $243K year over year (down 72%), 196% of the total change.
Operating costs exceeded revenue by $883K, an operating margin of -307.5%. The quarter ended with a net loss of $778K, wider than the previous quarter's $486K loss.
Operating cash flow was −$785K. Non-cash charges added back $50K of depreciation and amortization and $54K of share-based compensation. Working capital and other items used $111K.
Questions
What was DeFi Development's revenue in the first quarter 2025?
DeFi Development (DFDV) reported revenue of $287K for the first quarter 2025 (Q1 2025), -30% from a year earlier and -54% from the quarter before.
Was DeFi Development profitable in the first quarter 2025?
Operating loss was $883K (-307.5% of revenue) and net loss $778K.
Source: DeFi Development 10-Q on SEC EDGAR.