Alpha Compute vs Defi Development
Defi Development is the larger business, with $11.4m of revenue in fiscal 2025 against $97,000 for Alpha Compute (117.4 times as much). Defi Development kept more of each dollar of sales as profit: a net margin of -648.1% against -39820.6%. Alpha Compute carries less debt relative to equity (0.0% against 128.4%).
| Latest fiscal year | Alpha ComputeALP, 2026 | Defi DevelopmentDFDV, 2025 |
|---|---|---|
| Revenue | $97,000 | $11.4m |
| Revenue growth | — | 442.3% |
| Net income | −$38.6m | −$73.8m |
| Operating margin | -23810.3% | -319.7% |
| Net margin | -39820.6% | -648.1% |
| Return on equity | — | -143.6% |
| Free cash flow | −$21.6m | −$18.0m |
| Cash | $486,000 | $5.9m |
| Total debt | $0 | $127m |
| Debt to equity | 0.0% | 128.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $11.5m |
| Employees | — | 16 |
| Market value | $31.4m | $100m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 11 buys, 1 sales | 12 buys, 0 sales |