Quarterly ResultAug 12, 2026, 04:52 PM
DeFi Development Q2 SPS Up 24% YoY; Net Loss $27.3M
AI Summary
DeFi Development Corp. reported its Q2 2026 financial results, showing a 24% year-over-year growth in SOL per share (SPS) to 0.066. Despite a significant net loss of $27.287 million and negative diluted EPS of ($1.00), the company achieved a 66.9% increase in total revenue and a 22.6% reduction in operating expenses. Strategic actions included repurchasing convertible debt at a discount and simplifying its capital structure and onchain strategy, while reaffirming its long-term SPS target.
Key Highlights
- SOL per share (SPS) grew approximately 24% year over year to 0.066 as of August 12, 2026.
- Reported a Q2 2026 net loss of $27.287 million, compared to a net income of $15.432 million in Q2 2025.
- Diluted EPS was ($1.00) in Q2 2026, down from $0.84 in Q2 2025.
- Total revenue increased 66.9% year over year to $3.314 million in Q2 2026.
- Total operating expenses plus COGS (excluding FV changes) decreased 22.6% year over year to $4.635 million.
- Repurchased approximately $3.5 million in principal of July 2030 convertible notes for $2.3 million cash, a 35% discount.
- Reaffirmed long-term target of 1.0 SPS by December 2028.
- Simplified onchain strategy and discontinued the Treasury Accelerator program.
Price Impact
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