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Defi Development Corp. balance sheet

At the end of fiscal 2025, Defi Development Corp. had total assets of $307m, total liabilities of $208m and shareholders' equity of $99.3m. It held $5.9m in cash against $127m of debt: net debt of $122m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents15364
Receivables0000—
Total current assets153122115
Goodwill01111
Total assets174307203
Deferred revenue (current)—000—
Total current liabilities0118195
Short-term debt———00
Long-term debt——0127121
Total debt000127121
Total liabilities111208215
Shareholders' equity16499−12
Net debt (negative = net cash)−1−5−3122116
Shares outstanding—14m20m—31m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Defi Development Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Defi Development Corp.