---
schema_version: "secwatch.filing_event.v1"
accession: "0001575872-24-000301"
form_type: "8-K"
ticker: "DFDV"
cik: "0001805526"
company_name: "DeFi Development Corp."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:23:54.843447+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Janover reports FY2023 revenue $2.0M, net loss $3.4M; small business revenue doubles again

## Summary
- Revenue per transaction increased 54% YoY.
- Small business revenue grew >100% for second consecutive year.
- Revenue $2.0M vs $2.2M; net loss $3.4M ($0.40) vs $1.3M ($0.18).
- Adjusted EBITDA loss $1.9M; cash $5.1M as of Dec 31, 2023.
- Completed IPO July 2023 raising $5M; acquired Groundbreaker Tech (recurring SaaS).

## SEC filing metadata
- accession: 0001575872-24-000301
- form_type: 8-K
- ticker: DFDV
- cik: 0001805526
- company_name: DeFi Development Corp.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805526/000157587224000301/0001575872-24-000301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805526/000157587224000301/jnvr-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-000301
- JSON: https://secwatch.observer/filing/0001575872-24-000301.json
- Plain text: https://secwatch.observer/filing/0001575872-24-000301.txt

## Key facts
- Earnings Releases
  DeFi Development Corp. reported the year-ended December 31, 2023 results: revenue $2.0 million, net income Net loss was $3.4 million, or $0.40 basic and diluted loss per share, EPS $0.40 basic and diluted loss per share.
  - Period: the year-ended December 31, 2023
  - Revenue: $2.0 million
  - Net income: Net loss was $3.4 million, or $0.40 basic and diluted loss per share
  - EPS: $0.40 basic and diluted loss per share
  - Result: reported results
  source text: (SBA), increased more than 100%, for the second consecutive year; · Completed IPO in July 2023 and raised over $5.0 million in all common stock; · Generated revenue of $2.0 million in 2023, versus $2.2 million in 2022, despite significant industry declines and Company’s focus on building the platform in 2023—positioning Janover for growth in 2024; and ·
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587224000301/0001575872-24-000301-index.htm

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