Quick Answer
DeFi Development Corp. reported R&D Expense of $1.14 million for fiscal year 2025.
DeFi Development Corp. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.14M | +74.4% |
| 2024 | $655.0K | -17.3% |
| 2023 | $792.1K | +85.6% |
| 2022 | $426.8K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $269.0K | +78.1% | -14.1% |
| June 30, 2025 | $313.0K | +103.2% | +85.2% |
| March 31, 2025 | $169.0K | -2.5% | +11.9% |
| September 30, 2024 | $151.0K | -38.8% | -1.9% |
| June 30, 2024 | $154.0K | +70.3% | -11.2% |
| March 31, 2024 | $173.4K | +64.8% | -29.8% |
| September 30, 2023 | $246.9K | +162.1% | +173.0% |
| June 30, 2023 | $90.4K | -28.9% | -14.1% |
- DeFi Development Corp. showed an increase of +74.4% in R&D Expense compared to the prior fiscal year.
- Over the 2022–2025 period, DeFi Development Corp.’s r&d expense has grown by 167.6% (from $426.8 thousand to $1.14 million).
- The most recent figure is from DeFi Development Corp.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 30, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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