DeFi Development Corp.

DFDVNASDAQTechnology● Active

$3.13

+$0.27(+9.41%)

Market Cap$94245884

P/E Ratio—

52W High$33.75

52W Low$2.92

Avg Volume991K

Open$2.96

Beta-4.44

Free Cash Flow Financials Revenue

DeFi Development Corp. (DFDV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DFDV · free cash flow · updated Jun 8, 2026

Core FCF metrics

DFDV · FCF · TTM · margin & CAGR

Free cash flow was −$18.0M for FY2025 (fiscal year ending 2025-12-31), down 637.0% year-over-year The FCF margin was -157.8%.

FY2025 Free Cash Flow−$18.0M▼ -637.0% YoY

Trailing 12M (TTM)−$30.7Mtrailing 4 quarters sum

FCF Margin-157.8%−$18.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DFDV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$18.0M(0M)−$18.0M▼ 637.0%-157.8%

FY2024−$2.4M(0M)−$2.4M▼ 52.7%-116.1%

FY2023−$1.6M(0M)−$1.6M▼ 56.0%-79.7%

FY2022−$1.0M(0M)−$1.0M▼ 1654.8%-47.6%

FY2021$65,841(0M)$65,841▼ 81.0%3.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DFDV · P/FCF · FCF yield · FCF per share

DeFi Development Corp. (DFDV) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DFDV · cash flow statement · operating / investing / financing

For FY2025, DeFi Development Corp. generated −$18.0M in operating cash flow and spent 0M in capital expenditures, yielding −$18.0M in free cash flow.

Operating Activities

−$18.0M

Cash from core business operations

2025-12-31

Investing Activities

−$221.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$242.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$18.0M) − |CapEx| (0M) = FCF (−$18.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DFDV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

DeFi Development Corp.YOU

DFDV

−$18.0M-637.0%-157.8%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

DeFi Development Corp. (DFDV) reported free cash flow of −$18.0M for FY2025 (fiscal year ending 2025-12-31), down 637.0% year-over-year. The FCF margin was -157.8%.

Based on available data, DeFi Development Corp. has maintained positive free cash flow for at least 2 fiscal year(s). FCF peaked at $346,628 in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DFDV free cash flow · 8 questions

DeFi Development Corp. free cash flow was −$18.0M for FY2025, down 637.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$30.7M.

DFDV free cash flowDFDV FCFDFDV FCF 2025DFDV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · DeFi Development Corp. · DeFi Development Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026