Filing Flows › DeFi Development (DFDV) › Q2 2026
DeFi Development (DFDV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
DeFi Development (DFDV) reported revenue of $3.3M for the second quarter 2026 (Q2 2026), +67% from a year earlier and +24% from the quarter before. Operating margin was -689.2%, net loss $27.3M (823.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3M | +24% | +67% |
| Operating profit | −$22.8M | — | -233% |
| Net earnings | −$27.3M | — | -277% |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $3.3M in Q2 2026, up 67% year over year and up 24% from the previous quarter. Treasury was the largest line at 98% of revenue. Treasury added $2.0M year over year (up 170%), 154% of the total change. Real Estate declined 93%.
Operating costs exceeded revenue by $22.8M, an operating margin of -689.2%. The quarter ended with a net loss of $27.3M, narrower than the previous quarter's $83.4M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $352K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $20.9M.
Questions
What was DeFi Development's revenue in the second quarter 2026?
DeFi Development (DFDV) reported revenue of $3.3M for the second quarter 2026 (Q2 2026), +67% from a year earlier and +24% from the quarter before.
Was DeFi Development profitable in the second quarter 2026?
Operating loss was $22.8M (-689.2% of revenue) and net loss $27.3M.
Source: DeFi Development 10-Q on SEC EDGAR.