DeFi Development Q3 2026 Revenue Falls 47% to $2.43 Million

DeFi Development Corp. recorded a 47.4% year-over-year revenue decline in Q3 2026, while net income rose 18.9% and derivative-instrument gains increased from the year-earlier quarter.

Revenue was $2.432 million for the three months ended Sept. 30, 2026, down from $4.625 million in Q3 2025. Diluted earnings per share under generally accepted accounting principles (GAAP) was $1.91, compared with $1.95 a year earlier, a 2.1% decrease.

Net income rose to $66.591 million from $56.026 million. Digital asset treasury revenue totaled $2.379 million, down from $3.794 million.

The company recorded a $37.946 million net gain on digital assets, compared with $74.368 million a year earlier. Its gain on derivative instruments was $33.4 million, up from $4.639 million.

DeFi Development allocates its treasury reserve’s principal holding to Solana (SOL). The results were unaudited.