NASDAQ$DFDV
DeFi Development Corp · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
DeFi Development Corp reported a net loss of $83.4 million for Q1 2026 driven by digital asset impairments and fair value losses.
DeFi Development Corp recorded revenue of $2.7 million in Q1 2026, primarily from its digital asset treasury operations. The company posted a substantial net loss of $83.4 million due to net losses on digital assets of $51.0 million and derivative losses of $22.8 million. Total assets declined to $229.7 million amid ongoing treasury strategy execution and real estate platform wind-down.
- Revenue increased to $2.7 million, driven by $2.4 million from digital asset treasury staking rewards and validator operations.
- Net loss widened significantly to $83.4 million due to $51.0 million in digital asset losses and $22.8 million in derivative fair value declines.
- Digital asset holdings totaled $98.6 million at period end with $54.6 million unencumbered, supporting the Solana-focused treasury strategy.
- Real Estate Platform segment wind-down initiated on March 31, 2026, with operations expected to cease by end of Q2 2026.
Headline financials
Revenue & EPS history
DeFi Development Corp · Revenue · Quarterly
$2.66M
Revenue by segment
DeFi Development Corp · $2.66M total across 2 segments · Q1 2026
- Digital Asset Treasury$2.4M—90.2%
- Real Estate Platform$262K—9.8%
Forward guidance
Company continues to focus on accumulating and holding SOL long-term while winding down legacy real estate operations.
Tailwinds
- Strong focus on Solana ecosystem with validator operations and staking rewards.
- Access to significant equity line of credit for liquidity.
Headwinds
- High volatility in digital asset prices impacting financial results.
- Ongoing net losses and substantial debt obligations.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q1 2026
-0.2%
Avg return
Earnings day
+5.0%
Avg return
5 days after
+10.9%
Avg return
30 days after
56%
5 / 9 earnings
Positive
+5.0%
Q2 2025
Best reaction
-7.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -8.5% | -32.1% | |
| Q3 2025 | -2.2% | -14.1% | -33.5% | |
| Q2 2025 | +5.0% | -16.5% | -5.6% | |
| Q1 2025 | +3.2% | +38.9% | +97.3% | |
| Q3 2024 | +0.6% | +21.3% | +21.3% | |
| Q2 2024 | -5.5% | -10.3% | -19.6% | |
| Q1 2024 | -7.9% | +0.0% | -16.7% | |
| Q3 2023 | +2.9% | +28.4% | +90.0% | |
| Q2 2023 | +4.4% | +5.6% | -3.2% |
Discussion
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