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DeFi Development vs Upexi: DFDV and UPXI compared
DeFi Development is the larger company: $3.3M of revenue in its latest quarter (Q2 2026) against $3.1M for Upexi (Q4 FY26). DeFi Development is growing faster (+67% against -27% a year earlier). DeFi Development is more profitable, with an operating margin of -689.2% against -884.4%.
Where the money goes: DFDV and UPXI
DeFi Development (DFDV) · Q2 2026
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.
Upexi (UPXI) · Q4 FY26
Upexi, Q4 FY26: revenue $3.1M (-27% year over year), operating margin -884.4%, net loss $24.5M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| DeFi Development (DFDV) | Upexi (UPXI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $3.3M | $3.1M |
| Revenue growth, Y/Y | +67% | -27% |
| Operating margin | -689.2% | -884.4% |
| Net earnings | −$27.3M | −$24.5M |
| Net margin | -823.4% | -779.4% |
| Operating cash flow | −$4.3M | −$3.7M |
Where the revenue comes from
DeFi Development
- Treasury: $3.3M (98%)
- Real Estate: $58K (2%)
Questions
Which is bigger, DeFi Development or Upexi?
DeFi Development is the larger company: $3.3M of revenue in its latest quarter (Q2 2026) against $3.1M for Upexi (Q4 FY26).
Is DeFi Development or Upexi growing faster?
DeFi Development is growing faster (+67% against -27% a year earlier).
Which is more profitable, DeFi Development or Upexi?
DeFi Development is more profitable, with an operating margin of -689.2% against -884.4%.
More: DeFi Development earnings · how DeFi Development makes money · Upexi earnings · how Upexi makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-K filed Sep 17, 2026). Fiscal quarters can end on different dates. Not investment advice.