{"schema_version":"secwatch.filing_event.v1","accession":"0001805526-26-000005","form_type":"8-K","ticker":"DFDV","cik":"0001805526","company_name":"DeFi Development Corp.","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.244848+00:00","generated_at":"2026-05-15T08:25:47.313463+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DeFi Development Corp reports 442% revenue growth for FY 2025; cuts SPS guidance to 0.085","bullets":["FY 2025 net loss of $73.8M, mainly from unrealized digital asset losses; DAT segment revenue $9.2M.","Revised June 2026 SPS guidance to 0.085 from 0.165, reaffirmed; long-term 1.0 SPS by Dec 2028 maintained.","Current SPS 0.0754, up 8% since Nov 2025; total SOL holdings ~2.22M; shares outstanding ~29.5M.","Q4 Annualized Organic Yield 8.3%, below 10% target, due to Oct 10 liquidation; expect ~10% going forward.","FY 2025 revenue +442%; equity return +600%; closed $164M convertible debt, $149M equity PIPEs; Apyx investment; ELOC raised ~$60M."],"urls":{"canonical":"https://secwatch.observer/filing/0001805526-26-000005","json":"https://secwatch.observer/filing/0001805526-26-000005.json","markdown":"https://secwatch.observer/filing/0001805526-26-000005.md","text":"https://secwatch.observer/filing/0001805526-26-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805526/000180552626000005/0001805526-26-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805526/000180552626000005/dfdv-20260330.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:25:47.313463+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":"858f9e1620feec1ec110ce002d3d91760d0ae2c2","claim":"DeFi Development Corp. reported Fiscal Year 2025 results: revenue 442% revenue growth.","evidence_excerpt":"DeFi Development Corp. Reports +442% Revenue Growth For FY 2025","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805526/000180552626000005/0001805526-26-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal Year 2025"},{"label":"Revenue","value":"442% revenue growth"},{"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"}