Quarterly ResultAug 13, 2026, 04:26 PM
DeFi Development Q2 Net Loss $(27.3)M; Equity Turns Negative
AI Summary
DeFi Development Corp. reported a significant net loss of $(27.3) million for the second quarter of 2026, a substantial decline from a net income of $15.4 million in the same period last year. The company's total assets decreased by 33.8% to $203.3 million, and stockholders' equity turned into a deficit of $(12.0) million. While overall revenue increased, the Real Estate Platform segment experienced a sharp decline in revenue, and the company's digital asset holdings at fair value decreased by over 50%.
Key Highlights
- Reported a net loss of $(27.3) million for Q2 2026, compared to a net income of $15.4 million in Q2 2025.
- Total stockholders' equity shifted to a deficit of $(12.0) million as of June 30, 2026, from $99.3 million at year-end 2025.
- Total assets decreased by 33.8% to $203.3 million as of June 30, 2026, from $307.4 million at year-end 2025.
- Revenue increased by 66.9% to $3.3 million for Q2 2026, up from $2.0 million in Q2 2025.
- Digital assets at fair value decreased by 52.1% to $65.2 million as of June 30, 2026, from $136.0 million at year-end 2025.
- Net cash used in operating activities for the six months ended June 30, 2026, increased to $(14.1) million from $(2.1) million in the prior year.
- Real Estate Platform segment revenue declined by 92.6% to $58k in Q2 2026 from $780k in Q2 2025.
- Finalized reincorporation from Delaware to the State of Nevada on June 26, 2026.
Price Impact
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