{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-24-000533","form_type":"8-K","ticker":"DFDV","cik":"0001805526","company_name":"DeFi Development Corp.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.216711+00:00","generated_at":"2026-06-02T01:07:09.385679+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Janover Q1 2024 revenue $411K, net loss $964K; highlights 17% sequential growth, 18% recurring revenue","bullets":["Revenue $411K in Q1 2024, down 12% YoY from $467K; net loss widened to $964K from $220K.","Sequential revenue grew 17% vs Q4 2023; SBA revenue up 16% sequentially.","Revenue per transaction increased 10% YoY; 18% of revenue from recurring subscriptions.","Adjusted EBITDA loss $837K vs $175K loss in prior year.","Cash $3.9M, no debt; focus on larger loans and recurring revenue via Groundbreaker and Janover Insurance."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-24-000533","json":"https://secwatch.observer/filing/0001575872-24-000533.json","markdown":"https://secwatch.observer/filing/0001575872-24-000533.md","text":"https://secwatch.observer/filing/0001575872-24-000533.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/0001575872-24-000533-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/jnvr-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:07:09.385679+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":[{"claim_id":"190e20d44dab9d0aa0a232018509dc39e185dc7b","claim":"DeFi Development Corp. reported the first quarter ended March 31, 2024 results: revenue approximately $411,000, net income approximately $964,000, EPS $0.09 basic and diluted loss per share.","evidence_excerpt":"our new business lines combined with our current offerings will take us in the years ahead.” Financial Results Revenue for the quarter ended March 31, 2024, was approximately $411,000 compared to approximately $467,000 for the quarter ended March 31, 2023. This decrease was primarily due to a reduction in closed loans compared to the same period in 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/0001575872-24-000533-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"approximately $411,000"},{"label":"Net income","value":"approximately $964,000"},{"label":"EPS","value":"$0.09 basic and diluted loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}