Filing Flows › DeFi Development (DFDV) › Q1 2026
DeFi Development (DFDV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 19, 2026
DeFi Development (DFDV) reported revenue of $2.7M for the first quarter 2026 (Q1 2026), +828% from a year earlier and -41% from the quarter before.
DeFi Development, Q1 2026: revenue $2.7M (+828% year over year), net loss $83.4M, operating cash flow −$9.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7M | -41% | +828% |
| Operating profit | −$55.2M | — | — |
| Net earnings | −$83.4M | — | — |
| Operating cash flow | −$9.8M | — | — |
What changed
Revenue was $2.7M in Q1 2026, up 828% year over year and down 41% from the previous quarter. Treasury was the largest line at 90% of revenue. Real Estate declined 9%.
Operating costs exceeded revenue by $55.2M, an operating margin of -2072.8%. Total costs grew 4847% against revenue growth of 828%. The quarter ended with a net loss of $83.4M, narrower than the previous quarter's $144.5M loss.
Operating cash flow was −$9.8M. Non-cash charges added back $351K of depreciation and amortization and $720K of share-based compensation. Working capital and other items added $72.5M.
Questions
What was DeFi Development's revenue in the first quarter 2026?
DeFi Development (DFDV) reported revenue of $2.7M for the first quarter 2026 (Q1 2026), +828% from a year earlier and -41% from the quarter before.
Source: DeFi Development 10-Q on SEC EDGAR.