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DeFi Development Valuation Multiples
Discover revenue and EBITDA valuation multiples for DeFi Development and similar public comparables like Plenti Group, Vroom, Veefin, Credit Clear and more.
DeFi Development Overview
About DeFi Development
DeFi Development Corp is a U.S. company committed to building its treasury around Solana (SOL), a fast-growing blockchain infrastructure platform. This equity delivers shareholders tangible exposure to SOL price movement and staking rewards, making the firm a proxy for Solana ecosystem. The treasury extends to running its own validator infrastructure, allowing DFDV to actively participate in and benefit from the Solana network expansion.
Founded
2018
HQ
Employees
26
Website
Sectors
Financials (LTM)
EV
$228M
DeFi Development Financials
DeFi Development reported last 12-month revenue of $12M and negative EBITDA of ($8M).
In the same LTM period, DeFi Development generated $12M in gross profit, ($8M) in EBITDA losses, and had net loss of ($59M).
Revenue (LTM)
DeFi Development P&L
In the most recent fiscal year, DeFi Development reported revenue of $11M and EBITDA of ($7M).
DeFi Development expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12M | XXX | $11M | XXX | XXX | XXX |
| Gross Profit | $12M | XXX | $11M | XXX | XXX | XXX |
| Gross Margin | 98% | XXX | 98% | XXX | XXX | XXX |
| EBITDA | ($8M) | XXX | ($7M) | XXX | XXX | XXX |
| EBITDA Margin | (67%) | XXX | (57%) | XXX | XXX | XXX |
| EBIT Margin | (246%) | XXX | (67%) | XXX | XXX | XXX |
| Net Profit | ($59M) | XXX | ($74M) | XXX | XXX | XXX |
| Net Margin | (478%) | XXX | (648%) | XXX | XXX | XXX |
| Net Debt | — | — | $122M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
DeFi Development Stock Performance
DeFi Development has current market cap of $110M, and enterprise value of $228M.
Market Cap Evolution
DeFi Development's stock price is $3.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $228M | $110M | 5.0% | XXX | XXX | XXX | $-2.50 |
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Start Free TrialDeFi Development Valuation Multiples
DeFi Development trades at 18.5x EV/Revenue multiple, and (27.7x) EV/EBITDA.
EV / Revenue (LTM)
DeFi Development Financial Valuation Multiples
As of April 10, 2026, DeFi Development has market cap of $110M and EV of $228M.
Equity research analysts estimate DeFi Development's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
DeFi Development has a P/E ratio of (1.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $110M | XXX | $110M | XXX | XXX | XXX |
| EV (current) | $228M | XXX | $228M | XXX | XXX | XXX |
| EV/Revenue | 18.5x | XXX | 20.1x | XXX | XXX | XXX |
| EV/EBITDA | (27.7x) | XXX | (34.9x) | XXX | XXX | XXX |
| EV/EBIT | (7.5x) | XXX | (29.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 18.9x | XXX | 20.5x | XXX | XXX | XXX |
| P/E | (1.9x) | XXX | (1.5x) | XXX | XXX | XXX |
| EV/FCF | (9.0x) | XXX | (12.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified DeFi Development Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
DeFi Development Margins & Growth Rates
DeFi Development's revenue in the last 12 month grew by 28%.
DeFi Development's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.7M for the same period.
DeFi Development's rule of 40 is (56%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
DeFi Development's rule of X is (11%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
DeFi Development Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Margin | (67%) | XXX | (57%) | XXX | XXX | XXX |
| EBITDA Growth | 54% | XXX | 94% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (56%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (11%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 17% | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 140% | XXX | 126% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 165% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
DeFi Development Public Comps
See public comps and valuation multiples for other Online Lending comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Plenti Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Vroom | XXX | XXX | XXX | XXX | XXX | XXX |
| Veefin | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| Yiren Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
DeFi Development M&A Activity
DeFi Development acquired XXX companies to date.
Last acquisition by DeFi Development was on XXXXXXXX, XXXXX. DeFi Development acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by DeFi Development
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDeFi Development Investment Activity
DeFi Development invested in XXX companies to date.
DeFi Development made its latest investment on XXXXXXXX, XXXXX. DeFi Development invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by DeFi Development
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout DeFi Development
| When was DeFi Development founded? | DeFi Development was founded in 2018. |
| Where is DeFi Development headquartered? | DeFi Development is headquartered in United States. |
| How many employees does DeFi Development have? | As of today, DeFi Development has over 26 employees. |
| Who is the CEO of DeFi Development? | DeFi Development's CEO is Joseph Onorati. |
| Is DeFi Development publicly listed? | Yes, DeFi Development is a public company listed on Nasdaq. |
| What is the stock symbol of DeFi Development? | DeFi Development trades under DFDV ticker. |
| When did DeFi Development go public? | DeFi Development went public in 2023. |
| Who are competitors of DeFi Development? | DeFi Development main competitors are Plenti Group, Vroom, Veefin, Credit Clear. |
| What is the current market cap of DeFi Development? | DeFi Development's current market cap is $110M. |
| What is the current revenue of DeFi Development? | DeFi Development's last 12 months revenue is $12M. |
| What is the current revenue growth of DeFi Development? | DeFi Development revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of DeFi Development? | Current revenue multiple of DeFi Development is 18.5x. |
| Is DeFi Development profitable? | No, DeFi Development is not profitable. |
| What is the current EBITDA of DeFi Development? | DeFi Development has negative EBITDA and is not profitable. |
| What is DeFi Development's EBITDA margin? | DeFi Development's last 12 months EBITDA margin is (67%). |
| What is the current EV/EBITDA multiple of DeFi Development? | Current EBITDA multiple of DeFi Development is (27.7x). |
| What is the current FCF of DeFi Development? | DeFi Development's last 12 months FCF is ($26M). |
| What is DeFi Development's FCF margin? | DeFi Development's last 12 months FCF margin is (207%). |
| What is the current EV/FCF multiple of DeFi Development? | Current FCF multiple of DeFi Development is (9.0x). |
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