Filing Flows › DeFi Development (DFDV) › Q1 2026 › vs Q1 2025
DeFi Development (DFDV) Q1 2026 vs Q1 2025 (year over year)
DeFi Development's revenue rose $2.4M (+828%) from $287K in Q1 2025 to $2.7M in Q1 2026. The biggest changes: Treasury +$2.4M (—); Real Estate −$25K (-9%).
DeFi Development, Q1 2026: revenue $2.7M (+828% year over year), net loss $83.4M, operating cash flow −$9.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Treasury | $2.4M | $0 | $2.4M | — |
| Real Estate | $262K | $287K | −$25K | -9% |
| Revenue | $2.7M | $287K | $2.4M | +828% |
| Net loss | $83.4M | $778K | $82.6M | 107× |
| Costs & expenses | $86.1M | $1.2M | $84.9M | 74× |
| Operating costs | $57.9M | $1.2M | $56.7M | 49× |
| Interest & other, net | $28.2M | −$105K | $28.3M | — |
| Operating cash sources | $83.4M | $778K | $82.6M | 107× |
| Depreciation & amortization | $351K | $50K | $301K | +602% |
| Share-based compensation | $720K | $54K | $666K | 13× |
| Working capital & other | $72.5M | −$111K | $72.6M | — |
| Cash used in operations | $9.8M | $785K | $9.0M | 13× |
| Net loss absorbed | $83.4M | $778K | $82.6M | 107× |
Questions
How much did DeFi Development's revenue grow year over year in Q1 2026?
DeFi Development's revenue rose $2.4M (+828%) from $287K in Q1 2025 to $2.7M in Q1 2026.
What drove DeFi Development's revenue change in Q1 2026?
Treasury +$2.4M (—); Real Estate −$25K (-9%).