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| Date | Value |
|---|---|
| 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% |