DeFi Development (DFDV) Research & Development (2022 - 2026)
DeFi Development's Research & Development was $83,000 in Q2 2026, down 73.5% from $313,000 a year earlier and down 41.1% from the prior quarter.
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Analysis
DeFi Development (DFDV) Research & Development (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, DeFi Development's Research & Development was $884,000 through Jun 30, 2026, up 9.3% year-over-year; for FY2025, it was $1.14 million, up 74.4% from FY2024.
- Research & Development shows a three-year compound annual growth rate of 38.8% (FY2022 to FY2025).
- In earlier years, Research & Development was $655,000 in FY2024 (-17.3%), $792,131 in FY2023 (+85.6%) and $426,828 in FY2022.
- The Q2 2026 figure marks the lowest quarterly Research & Development since Q4 2022.
- Compared with a year earlier, Research & Development was higher in three of the last eight quarters, with growth averaging 15.3%.
- The best year-over-year quarter for Research & Development over five years was Q4 2023 (growth of 664.9%); the worst was Q2 2026 (a decline of 73.5%).
- Per Business Quant data, DFDV's Research & Development in the three quarters before Q2 2026 was $141,000 (Q1 2026), $391,000 (Q4 2025) and $269,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.57 Bn | 23.82 Bn | 695.95 Mn | 222.92 Mn |
| 3 | Samsara | 23.54 Bn | 20.31 Bn | 392.58 Mn | 102.56 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn | 115.71 Mn |
| 5 | Toast | 18.20 Bn | 10.87 Bn | 516.00 Mn | 109.00 Mn |
| 6 | Trimble | 13.96 Bn | 13.03 Bn | 674.90 Mn | 177.10 Mn |
| 7 | Manhattan Associates | 13.22 Bn | 12.21 Bn | 168.33 Mn | 34.77 Mn |
| 8 | Costar | 12.85 Bn | 6.80 Bn | 728.00 Mn | 107.00 Mn |
| 9 | Bentley Systems | 11.44 Bn | 10.90 Bn | 336.74 Mn | 82.09 Mn |
| 10 | DeFi Development | 99.83 Mn | 67.40 Mn | 3.29 Mn | 83,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83,000.00 |
| Mar 31, 2026 | 141,000.00 |
| Dec 31, 2025 | 391,000.00 |
| Sep 30, 2025 | 269,000.00 |
| Jun 30, 2025 | 313,000.00 |
| Mar 31, 2025 | 169,000.00 |
| Dec 31, 2024 | 176,000.00 |
| Sep 30, 2024 | 151,000.00 |
| Jun 30, 2024 | 154,000.00 |
| Mar 31, 2024 | 173,384.00 |
| Dec 31, 2023 | 349,629.00 |
| Sep 30, 2023 | 246,883.00 |
| Jun 30, 2023 | 90,419.00 |
| Mar 31, 2023 | 105,200.00 |
| Dec 31, 2022 | 45,711.00 |
| Sep 30, 2022 | 94,199.00 |
| Jun 30, 2022 | 127,228.00 |
API Access
DeFi Development Research & Development 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=research-and-development&ticker=DFDV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=DFDV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();