Filing Flows › DeFi Development (DFDV) › Q2 2026 › vs Q2 2025
DeFi Development (DFDV) Q2 2026 vs Q2 2025 (year over year)
DeFi Development's revenue rose $1.3M (+67%) from $2.0M in Q2 2025 to $3.3M in Q2 2026. The biggest changes: Treasury +$2.0M (+170%); Real Estate −$722K (-93%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Treasury | $3.3M | $1.2M | $2.0M | +170% |
| Real Estate | $58K | $780K | −$722K | -93% |
| Revenue | $3.3M | $2.0M | $1.3M | +67% |
| Net loss | $27.3M | −$15.4M | $42.7M | — |
| Costs & expenses | $30.6M | $2.0M | $28.6M | 15× |
| Operating costs | $26.2M | −$15.2M | $41.4M | — |
| Interest & other, net | $4.4M | $557K | $3.9M | +698% |
| Income tax | $1K | $1.2M | −$1.2M | -100% |
| Operating cash sources | $27.3M | −$15.4M | $42.7M | — |
| Depreciation & amortization | $352K | $291K | $61K | +21% |
| Share-based compensation | $1.7M | $952K | $772K | +81% |
| Working capital & other | $20.9M | −$17.9M | $38.9M | — |
| Cash used in operations | $4.3M | $1.3M | $3.0M | +237% |
| Net loss absorbed | $27.3M | −$15.4M | $42.7M | — |
Questions
How much did DeFi Development's revenue grow year over year in Q2 2026?
DeFi Development's revenue rose $1.3M (+67%) from $2.0M in Q2 2025 to $3.3M in Q2 2026.
What drove DeFi Development's revenue change in Q2 2026?
Treasury +$2.0M (+170%); Real Estate −$722K (-93%).