Filing Flows › DeFi Development (DFDV) › Q2 2026 › vs Q1 2026
DeFi Development (DFDV) Q2 2026 vs Q1 2026 (quarter over quarter)
DeFi Development's revenue rose $650K (+24%) from $2.7M in Q1 2026 to $3.3M in Q2 2026. The biggest changes: Treasury +$854K (+36%); Real Estate −$204K (-78%).
DeFi Development, Q2 2026: revenue $3.3M (+67% year over year), operating margin -689.2%, net loss $27.3M, operating cash flow −$4.3M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Treasury | $3.3M | $2.4M | $854K | +36% |
| Real Estate | $58K | $262K | −$204K | -78% |
| Revenue | $3.3M | $2.7M | $650K | +24% |
| Net loss | $27.3M | $83.4M | −$56.1M | -67% |
| Costs & expenses | $30.6M | $86.1M | −$55.5M | -64% |
| Operating costs | $26.2M | $57.9M | −$31.7M | -55% |
| Interest & other, net | $4.4M | $28.2M | −$23.7M | -84% |
| Income tax | $1K | $0 | $1K | — |
| Cost of revenue | $21K | $103K | −$82K | -80% |
| Research & development | $83K | $141K | −$58K | -41% |
| Sales & marketing | $120K | $253K | −$133K | -53% |
| General & admin | $4.1M | $6.0M | −$1.9M | -32% |
| Other operating costs | $21.9M | $51.4M | −$29.5M | -57% |
| Operating cash sources | $27.3M | $83.4M | −$56.1M | -67% |
| Depreciation & amortization | $352K | $351K | $1K | +0.3% |
| Share-based compensation | $1.7M | $720K | $1.0M | +139% |
| Working capital & other | $20.9M | $72.5M | −$51.6M | -71% |
| Cash used in operations | $4.3M | $9.8M | −$5.5M | -56% |
| Net loss absorbed | $27.3M | $83.4M | −$56.1M | -67% |
Questions
How much did DeFi Development's revenue grow quarter over quarter in Q2 2026?
DeFi Development's revenue rose $650K (+24%) from $2.7M in Q1 2026 to $3.3M in Q2 2026.
What drove DeFi Development's revenue change in Q2 2026?
Treasury +$854K (+36%); Real Estate −$204K (-78%).