DeFi Development (DFDV) Operating Expenses (2022 - 2026)
DeFi Development's (DFDV) quarterly Operating Expenses came in at $26.2 million in Q2 2026, up 272.02% year-over-year from $7.0 million in Q2 2025, and down 54.82% quarter-over-quarter from $57.9 million in Q1 2026.
Analysis
DeFi Development (DFDV) Operating Expenses (2022 - 2026) Analysis & Trends
DeFi Development has disclosed Operating Expenses across 5 years of filings, most recently posting $26.2 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 272.02% year-over-year to $26.2 million; the TTM figure through Jun 2026 stood at $145.9 million (up 1351.65% YoY), while the FY2025 annual figure was $47.8 million, up 836.39% from the prior year.
- Operating Expenses came in at $26.2 million for Q2 2026 at DeFi Development, down from $57.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $129.3 million in Q4 2025 to a low of -$67.5 million in Q3 2025.
- Average Operating Expenses over 5 years is $8.5 million, with a median of $1.2 million recorded in 2025.
- The largest YoY upside for Operating Expenses was 9783.64% in 2025 against a maximum downside of 6387.14% in 2025.
- Over 5 years, Operating Expenses stood at $640006.0 in 2022, then soared by 149.37% to $1.6 million in 2023, then decreased by 18.05% to $1.3 million in 2024, then soared by 9783.64% to $129.3 million in 2025, then sank by 79.77% to $26.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $26.2 million in Q2 2026, $57.9 million in Q1 2026, and $129.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 11.90 Bn | 10.63 Bn | 728.00 Mn | 652.00 Mn |
| 2 | Appfolio | 7.27 Bn | 7.05 Bn | 178.53 Mn | 228.15 Mn |
| 3 | Zillow | 7.11 Bn | 6.43 Bn | 562.00 Mn | 572.00 Mn |
| 4 | SmartRent | 222.24 Mn | 129.58 Mn | 16.22 Mn | 22.68 Mn |
| 5 | DeFi Development | 140.99 Mn | 134.71 Mn | 3.29 Mn | 26.15 Mn |
| 6 | Fangdd Network | 3.36 Mn | -99.98 Mn | - | - |
| 7 | 3 E Network Technology | 534,284.84 | -364,590.16 | - | - |
Historic Data
Download Data
Historic 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 |