Quarterly ResultMay 13, 2026, 05:16 PM
DeFi Development Corp. Q1 2026 Results; Repurchases $4.4M Convertibles
AI Summary
DeFi Development Corp. reported its Q1 2026 results, highlighting a 108% year-over-year increase in SOL per share (SPS) to 0.0670 as of May 13, 2026. The company repurchased approximately $4.4 million in principal of its July 2030 Convertible Notes for $2.6 million cash, achieving a 41% discount. DFDV reaffirmed its June 2026 SPS guidance of 0.075 and detailed its "culture of experimentation" with initiatives like validator operations and onchain treasury deployment contributing to SPS growth.
Key Highlights
- SPS reached 0.0670 as of May 13, 2026, up 108% year-over-year and 1% from March 30, 2026.
- Repurchased $4.4 million in principal of July 2030 Convertible Notes for $2.6 million cash, a 41% discount.
- Reaffirmed June 2026 SPS guidance of 0.075 (fully converted); long-term target of 1.0 SPS by December 2028.
- Total SOL and SOL equivalents stood at 2,294,576 as of May 13, 2026, up 3% from March 30, 2026.
- Q1 2026 Total Revenue was $2,664, with a Net Loss of ($83,406) and Diluted EPS of ($3.18).
- Over 25% of the treasury is deployed onchain, generating an estimated 300 basis points incremental yield.
- $200 million ATM capacity available within a $1 billion S-3 shelf registration.
- Approximately $4.9 billion remaining capacity on the Equity Line of Credit (ELOC).
Price Impact
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