{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-109627","form_type":"8-K","ticker":"DFDV","cik":"0001805526","company_name":"DeFi Development Corp.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.521801+00:00","generated_at":"2026-05-16T20:30:10.397437+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DeFi Dev Corp Q3 net income $56M, adj EPS $1.88, SPS 0.0700 (+13% Q/Q)","bullets":["Diluted EPS $1.83 ($1.88 adj) vs loss of ($0.05) a year ago; revenue $4.6M (+648% YoY).","Average organic yield 11.4% (above 10% target); SPS grew 13% Q/Q to 0.0700.","Treasury holds 2.2M SOL & SOL equivalents; mNAV compressed to 0.8x from 1.4x.","Maintains SPS guidance: 0.165 by June 2026, 1.000 by Dec 2028; closed $125M PIPE in Aug.","Outstanding debt principal ~$140.3M as of Sep 30, 2025; shares outstanding 31.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-109627","json":"https://secwatch.observer/filing/0001213900-25-109627.json","markdown":"https://secwatch.observer/filing/0001213900-25-109627.md","text":"https://secwatch.observer/filing/0001213900-25-109627.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025109627/0001213900-25-109627-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805526/000121390025109627/ea0265415-8k_defi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:30:10.397437+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}