Defi Development vs Great Elm Group
Great Elm Group is the larger business, with $27.8m of revenue in fiscal 2026 against $11.4m for Defi Development (2.4 times as much). Defi Development grew faster (442.3% against 70.2%). Great Elm Group kept more of each dollar of sales as profit: a net margin of -127.6% against -648.1%. Great Elm Group carries less debt relative to equity (89.4% against 128.4%).
| Latest fiscal year | Defi DevelopmentDFDV, 2025 | Great Elm GroupGEG, 2026 |
|---|---|---|
| Revenue | $11.4m | $27.8m |
| Revenue growth | 442.3% | 70.2% |
| Net income | −$73.8m | −$35.4m |
| Operating margin | -319.7% | -50.4% |
| Net margin | -648.1% | -127.6% |
| Return on equity | -143.6% | -63.8% |
| Free cash flow | −$18.0m | $15.7m |
| Cash | $5.9m | $53.5m |
| Total debt | $127m | $36.5m |
| Debt to equity | 128.4% | 89.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $11.5m | $6.8m |
| Employees | 16 | 52 |
| Market value | $92.4m | $65.2m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 12 buys, 0 sales | 0 buys, 0 sales |