---
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"
generated_at: "2026-05-15T08:25:47.313463+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DeFi Development Corp reports 442% revenue growth for FY 2025; cuts SPS guidance to 0.085

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805526-26-000005
- JSON: https://secwatch.observer/filing/0001805526-26-000005.json
- Plain text: https://secwatch.observer/filing/0001805526-26-000005.txt

## Key facts
- Earnings Releases
  DeFi Development Corp. reported Fiscal Year 2025 results: revenue 442% revenue growth.
  - Period: Fiscal Year 2025
  - Revenue: 442% revenue growth
  - Result: reported results
  source text: DeFi Development Corp. Reports +442% Revenue Growth For FY 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805526/000180552626000005/0001805526-26-000005-index.htm

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