DeFi Development (DFDV) Gross Margin (2022 - 2026)

DeFi Development's (DFDV) quarterly Gross Margin came in at 90.5% in Q1 2026, down 706.0% year-on-year from 14.93% in Q1 2025, and little changed quarter-over-quarter from 90.4% in Q4 2025.

DeFi Development (DFDV) Gross Margin (2022 - 2026) Analysis & Trends

DeFi Development has disclosed Gross Margin across 5 years of filings, most recently posting 90.5% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 90.5%, down 706.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 94.19% (down 424.0% YoY), and the FY2025 annual result was 80.28%, down 1819.0% from the prior year.
  • Gross Margin came in at 90.5% for Q1 2026 at DeFi Development, roughly flat from 90.4% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.0% in Q1 2023 to a low of 464.04% in Q4 2023.
  • The 5-year median for Gross Margin is 98.0% (2024), against an average of 48.23%.
  • Across the five-year window, Gross Margin plunged 47563 bps in 2023 and jumped 56277 bps in 2024, its largest moves.
  • DeFi Development's Gross Margin stood at 11.59% in 2022, then slumped by 4104 bps to 464.04% in 2023, then jumped by 121 bps to 98.73% in 2024, then retreated by 8 bps to 90.4% in 2025, then climbed by 0 bps to 90.5% in 2026.
  • The last three Gross Margin figures came in at 90.5% (Q1 2026), 90.4% (Q4 2025), and 98.1% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 BlackRock 157.17 Bn 147.54 Bn - -
2 Blackstone 94.33 Bn 93.28 Bn - -
3 Kkr 85.26 Bn 132.77 Bn - -
4 Apollo Global Management 78.76 Bn 97.50 Bn 5.04 Bn 99.70%
5 State Street 45.35 Bn 19.67 Bn - -
6 Ameriprise Financial 41.89 Bn 41.76 Bn 4.57 Bn 93.51%
7 Northern Trust 31.64 Bn 31.64 Bn - -
8 Raymond James Financial 29.68 Bn 18.43 Bn - -
9 Ares Management 29.26 Bn 32.63 Bn - -
10 DeFi Development 72.60 Mn 66.23 Mn 2.41 Mn 90.50%

Historic Data

Download Data
DateValue
Mar 31, 2026 90.50%
Dec 31, 2025 90.40%
Sep 30, 2025 98.10%
Jun 30, 2025 98.59%
Mar 31, 2025 97.56%
Dec 31, 2024 98.73%
Sep 30, 2024 98.71%
Jun 30, 2024 98.17%
Mar 31, 2024 97.90%
Dec 31, 2023 -464.04%
Sep 30, 2023 100.00%
Jun 30, 2023 100.00%
Mar 31, 2023 100.00%
Dec 31, 2022 11.59%
Sep 30, 2022 14.49%
Jun 30, 2022 40.95%