DeFi Development (DFDV) Operating Expenses (2022 - 2026)

DeFi Development's (DFDV) quarterly Operating Expenses came in at $57.9 million in Q1 2026, up 4847.35% year-on-year from $1.2 million in Q1 2025, and down 55.23% quarter-over-quarter from $129.3 million in Q4 2025.

DeFi Development (DFDV) Operating Expenses (2022 - 2026) Analysis & Trends

DeFi Development has disclosed Operating Expenses across 5 years of filings, most recently posting $57.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $57.9 million, up 4847.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $104.5 million (up 2057.25% YoY), and the FY2025 annual result was $47.8 million, up 836.39% from the prior year.
  • Operating Expenses came in at $57.9 million for Q1 2026 at DeFi Development, down from $129.3 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.
  • The 5-year median for Operating Expenses is $1.1 million (2022), against an average of $7.4 million.
  • Peak annual rise in Operating Expenses reached 9783.64% in 2025, while the deepest fall reached 6387.14% in 2025.
  • DeFi Development's 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 55.23% to $57.9 million in 2026.
  • The last three Operating Expenses figures came in at $57.9 million (Q1 2026), $129.3 million (Q4 2025), and -$67.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 154.03 Bn 144.41 Bn - 3.88 Bn
2 Blackstone 89.67 Bn 88.62 Bn - 2.26 Bn
3 Kkr 82.99 Bn 130.50 Bn - 3.87 Bn
4 Apollo Global Management 75.96 Bn 94.69 Bn 5.04 Bn 4.68 Bn
5 State Street 45.12 Bn 19.44 Bn - 2.81 Bn
6 Ameriprise Financial 41.87 Bn 41.74 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 31.37 Bn 31.37 Bn - 1.51 Bn
8 Raymond James Financial 29.45 Bn 18.21 Bn - 3.12 Bn
9 Ares Management 28.36 Bn 31.73 Bn - 1.17 Bn
10 DeFi Development 81.79 Mn 75.42 Mn 2.41 Mn 57.88 Mn

Historic Data

Download Data
DateValue
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