Skip to main content

DeFi Development Corp.

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 13, 2026

DFDV$3.43+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

INDEX TO FORM 10-Q

Page
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations32
Item 3. Quantitative and Qualitative Disclosures About Market Risk40
Item 4. Controls and Procedures41
PART II - OTHER INFORMATION
Item 1. Legal Proceedings43
Item 1A. Risk Factors43
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds43
Item 3. Defaults Upon Senior Securities43
Item 4. Mine Safety Disclosures43
Item 5. Other Information44
Item 6. Exhibits45
Signatures46

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends impacting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

Forward-looking statements include all statements that are not historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expect,” “intend,” “seek,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “predict,” “potential,” “might,” “forecast,” “continue,” or the negative of those terms, and similar expressions and comparable terminology intended to reference future periods. Forward-looking statements include, but are not limited to, statements about:

The effect of and uncertainties related to the ongoing volatility in interest rates;

Future reward yields related to operating validator nodes;

The impact of current and future modifications to the Solana Network protocol;

Uncertainties related to future staking reward yields;

Our ability to achieve and maintain profitability in the future;

The impact on our business of the regulatory environment and complexities with compliance related to such environment;

Our ability to respond to general economic conditions;

Our ability to manage our growth effectively and our expectations regarding the development and expansion of our business;

Our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth;

The success of our marketing efforts to access additional sales channels and our ability to expand our lender and borrower base;

Our ability to grow market share in existing markets or any new markets we may enter;

Our ability to develop new products, features and functionality that are competitive and meet market needs;

Our ability to realize the benefits of our strategy, including our financial services and platform productivity;

Our ability to make accurate credit and pricing decisions or effectively forecast our loss rates;

Our ability to establish and maintain effective system of internal controls over financial reporting;

Our ability to maintain the listing of our securities on Nasdaq;

Sales of our common stock by us or our stockholders, which may result in increased volatility in our stock price; and

The outcome of any legal or governmental proceedings that may be instituted against us.

Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Accordingly, the forward-looking statements in this Quarterly Report on Form 10-Q should not be regarded as representations that the results or conditions described in such statements will occur or that our objectives and plans will be achieved. Forward-looking statements contained in this Quarterly Report on Form 10-Q speak as of the date of this report and we do not assume any responsibility to update these forward-looking statements, except as required by law.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.