DeFi Development (DFDV) Operating Expenses (2022 - 2026)
DeFi Development (DFDV) posted Operating Expenses of $57.9 million for Q1 2026, down 55.23% sequentially from $129.3 million in Q4 2025, and up 4847.35% YoY from $1.2 million in Q1 2025.
DeFi Development (DFDV) Operating Expenses (2022 - 2026) Analysis & Trends
DeFi Development has reported Operating Expenses for 5 years, with the latest figure at $57.9 million in Q1 2026.
- Quarterly Operating Expenses rose 4847.35% year-over-year to $57.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $104.5 million (up 2057.25% YoY) and the FY2025 annual result came in at $47.8 million, up 836.39% from the prior year.
- Operating Expenses fell to $57.9 million in Q1 2026 per DFDV's latest filing, from $129.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $129.3 million in Q4 2025 and troughed at -$67.5 million in Q3 2025.
- A 5-year average of $7.4 million and a median of $1.1 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 9783.64% in 2025, down 6387.14% in 2025.
- Over 5 years, Operating Expenses stood at $640006.0 in 2022, then surged by 149.37% to $1.6 million in 2023, then dropped by 18.05% to $1.3 million in 2024, then surged by 9783.64% to $129.3 million in 2025, then sank by 55.23% to $57.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $57.9 million, $129.3 million, and -$67.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | DeFi Development | 104.07 Mn | 97.79 Mn | 3.29 Mn | 26.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.15 Mn |
| Mar 31, 2026 | 57.88 Mn |
| Dec 31, 2025 | 129.28 Mn |
| Sep 30, 2025 | -67.46 Mn |
| Jun 30, 2025 | -15.20 Mn |
| Mar 31, 2025 | 1.17 Mn |
| Dec 31, 2024 | 1.31 Mn |
| Sep 30, 2024 | 1.07 Mn |
| Jun 30, 2024 | 1.29 Mn |
| Mar 31, 2024 | 1.43 Mn |
| Dec 31, 2023 | 1.60 Mn |
| Sep 30, 2023 | 2.22 Mn |
| Jun 30, 2023 | 848,354.00 |
| Mar 31, 2023 | 741,260.00 |
| Dec 31, 2022 | 640,006.00 |
| Sep 30, 2022 | 1.13 Mn |
| Jun 30, 2022 | 1.12 Mn |