Defi Development vs TAO Synergies
Defi Development is the larger business, with $11.4m of revenue in fiscal 2025 against $299,061 for TAO Synergies (38.1 times as much). Defi Development kept more of each dollar of sales as profit: a net margin of -648.1% against -9609.2%. TAO Synergies carries less debt relative to equity (0.0% against 128.4%).
| Latest fiscal year | Defi DevelopmentDFDV, 2025 | TAO SynergiesTAOX, 2025 |
|---|---|---|
| Revenue | $11.4m | $299,061 |
| Revenue growth | 442.3% | — |
| Net income | −$73.8m | −$28.7m |
| Operating margin | -319.7% | -3025.2% |
| Net margin | -648.1% | -9609.2% |
| Return on equity | -143.6% | — |
| Free cash flow | −$18.0m | −$6.4m |
| Cash | $5.9m | $5.5m |
| Total debt | $127m | $0 |
| Debt to equity | 128.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $11.5m | — |
| Employees | 16 | — |
| Market value | $100m | $19.8m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 12 buys, 0 sales | 0 buys, 0 sales |