DeFi Development (DFDV)
Maintains a Solana-focused treasury and validator operation alongside legacy commercial-finance software.
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Maintains a treasury allocated principally to Solana and earns staking revenue through validator operations. Legacy Janover software and financing platforms connect commercial borrowers and lenders through subscriptions and platform fees.
Maintains a corporate treasury policy centered on SOL and operates Solana validator nodes, generating staking revenue alongside legacy commercial-real-estate software and financing platforms. The strategy followed a change in control and the resulting rename from Janover.
Janover Pro, Janover Connect, Janover Insurance, Janover Engage, and Janover AI originated as an AI-enabled business-to-business platform serving commercial-finance users. The legacy platform connects commercial mortgage and small-business borrowers with lenders, with revenue principally from platform fees and subscriptions.
The company's operating and reporting profile is shaped by its SOL-focused treasury strategy, staking activity, and validator operations.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.3M · Total debt $120.6M · Total assets $203.3M · Shareholders' equity −$12.0M
- Revenue
- $3.3M
- Operating income
- −$22.8M
- Net income
- −$27.3M
No dividends on record.
| Institutions | 14.26% | 4.42M shares | |
|---|---|---|---|
| 56 holders · as of Jun 30, 2026 | |||
| Insiders | 16.48% | 5.11M shares | |
| 11 holders · as of Sep 18, 2026 | |||
| Other | 69.26% | 21.47M shares | |
| remainder | |||
31.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Parker White1Insider10 percent owner | 11.76% | 3.62M | filed Aug 24, 2026 |
Vanguard Capital Management LLCInstitution | 3.52% | 1.09M | as of Jun 30, 2026 |
Fei HanInsiderofficer: Chief Financial Officer | 2.66% | 823,353 | filed Sep 18, 2026 |
BlackRock, Inc.Institution | 1.17% | 362,876 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 0.95% | 293,694 | as of Jun 30, 2026 |
- Parker White's transaction reports restate only vehicles that traded; the 2025 ownership statement (3.62M) plus the 27.8K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Parker White | 10 percent owner | +10,069 | $3.91 |
| Aug 20, 2026 | Daniel Kang | officer: Chief Strategy Officer | +11,000 | $3.88 |
| Aug 14, 2026 | Daniel Kang | officer: Chief Strategy Officer | +13,000 | $2.91 |
| Dec 10, 2025 | Parker White | 10 percent owner, officer: COO, CHIEF INVESTMENT OFFICER | +17,760 | $5.76 |
| Nov 25, 2025 | Parker White | 10 percent owner, officer: COO & Chief Investment Officer | +10,044 | $6.91 |
- Forward Industries
Largest public SOL treasury with staking and ecosystem investment
- Solana Company
Listed SOL treasury dedicated to acquiring and holding Solana
- Upexi
SOL accumulation and staking strategy alongside consumer brands
- SOL Strategies
SOL treasury and validator network for the Solana ecosystem
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DeFi Development | $6.07 | −6.84% | $196.1M | — | — | 13.0 | +66.9% |
| Forward Industries | $8.12 | −0.59% | $602.6M | — | 39.6 | 11.3 | +332.1% |
| Solana Company | $3.27 | +5.14% | $181.6M | — | — | 15.0 | +5,774.4% |
| Upexi | $1.23 | −2.78% | $92.5M | — | — | 3.7 | −4.6% |
| SOL Strategies | $1.54 | 0.00% | $39.3M | — | — | — | −31.0% |
| Median | — | 39.6 | 11.3 | +163.7% |