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