---
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"
generated_at: "2026-06-02T01:07:09.385679+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Janover Q1 2024 revenue $411K, net loss $964K; highlights 17% sequential growth, 18% recurring revenue

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-24-000533
- JSON: https://secwatch.observer/filing/0001575872-24-000533.json
- Plain text: https://secwatch.observer/filing/0001575872-24-000533.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: approximately $411,000
  - Net income: approximately $964,000
  - EPS: $0.09 basic and diluted loss per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1805526/000157587224000533/0001575872-24-000533-index.htm

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