---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-23-001404"
form_type: "8-K"
ticker: "DFDV"
cik: "0001805526"
company_name: "DeFi Development Corp."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:08:40.427013+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# Janover Q2 revenue $602K, up 29% sequentially; completed IPO raising >$5M in July

## Summary
- Revenue of $602K for Q2 2023, a 29% sequential increase from Q1 2023.
- Revenue per transaction rose 48.9%, driven by larger average loan sizes.
- IPO closed on July 25, 2023 on Nasdaq, raising over $5M.
- Excluding one large Q2 2022 loan, base business would have increased YoY.
- Management focused on scaling AI, marketplace, and SEO to drive growth.

## SEC filing metadata
- accession: 0001575872-23-001404
- form_type: 8-K
- ticker: DFDV
- cik: 0001805526
- company_name: DeFi Development Corp.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001404/0001575872-23-001404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001404/jnvr-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-001404
- JSON: https://secwatch.observer/filing/0001575872-23-001404.json
- Plain text: https://secwatch.observer/filing/0001575872-23-001404.txt

## Key facts
- Earnings Releases
  DeFi Development Corp. reported quarter ended June 30, 2023 results: revenue $602 thousand.
  - Period: quarter ended June 30, 2023
  - Revenue: $602 thousand
  - Result: reported results
  source text: “Despite industry-wide challenges and management’s focus on our IPO, we performed well during the second quarter of 2023, with second quarter 2023 revenue increasing to $602 thousand, a 29 percent sequential increase compared to the first quarter of 2023. Although we experienced a modest decline over the second quarter of 2022, we believe we outperformed the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587223001404/0001575872-23-001404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.