DeFi Development (DFDV) Operating Expenses (2022 - 2026)
DeFi Development (DFDV) reported Operating Expenses of $26.15 million for Q2 2026, compared with -$15.2 million a year earlier and down 54.8% from the prior quarter.
Powered by 
Analysis
DeFi Development (DFDV) Operating Expenses (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, DeFi Development's Operating Expenses came in at $145.86 million; for FY2025, it was $47.78 million, up 836.4% from FY2024.
- Operating Expenses has a three-year compound annual growth rate of 131.1% (FY2022 to FY2025).
- By year, Operating Expenses came in at $5.1 million in FY2024 (-5.6%), $5.41 million in FY2023 (+39.7%) and $3.87 million in FY2022.
- Five-year quarterly Operating Expenses spans a low of -$67.46 million in Q3 2025 and a high of $129.28 million in Q4 2025.
- The high point for year-over-year Operating Expenses in five years was Q4 2023 (growth of 149.4%); the low point was Q3 2024 (a decline of 51.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $57.88 million (Q1 2026), $129.28 million (Q4 2025) and -$67.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 178,646.00 |
| 2 | Veeva Systems | 51.80 Bn | 24.04 Bn | 695.95 Mn | 420.93 Mn |
| 3 | Samsara | 24.32 Bn | 21.09 Bn | 392.58 Mn | 387.71 Mn |
| 4 | Ptc | 22.17 Bn | 20.98 Bn | 490.47 Mn | 323.96 Mn |
| 5 | Toast | 18.70 Bn | 11.37 Bn | 516.00 Mn | 364.00 Mn |
| 6 | Trimble | 14.20 Bn | 13.26 Bn | 674.90 Mn | 542.90 Mn |
| 7 | Manhattan Associates | 13.46 Bn | 12.45 Bn | 168.33 Mn | 231.56 Mn |
| 8 | Costar | 13.23 Bn | 7.18 Bn | 728.00 Mn | 652.00 Mn |
| 9 | Bentley Systems | 11.78 Bn | 11.24 Bn | 336.74 Mn | 248.13 Mn |
| 10 | DeFi Development | 105.30 Mn | 72.87 Mn | 3.29 Mn | 26.15 Mn |
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 |
API Access
DeFi Development Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=DFDV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "DFDV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=DFDV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();