DeFi Development
Maintains a Solana-focused treasury and validator operation alongside legacy commercial-finance software.
Something off on this page? Send us feedback.
Profile
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
Categories
Key statistics
Year to date −6.9% · Average volume (30d) 1.1M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.34 | −$1.00 | −198.5% | $2.5M | $3.3M | +34.6% | +6.27% |
| May 13, 2026Q1 FY26 | −$0.25 | −$3.18 | −1,198.0% | $3.5M | $2.7M | −23.9% | +8.82% |
| Mar 30, 2026Q4 FY25 | −$0.07 | −$6.44 | −9,100.0% | $4.1M | $4.5M | +9.6% | −5.19% |
| Nov 18, 2025Q3 FY25 | −$0.07 | $1.88 | +2,785.7% | $4.1M | $4.6M | +12.8% | −4.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $287.2K | $2.0M | $4.6M | $4.5M | $2.7M | $3.3M | |
| Gross profit | $280.2K | $2.0M | $4.5M | $4.4M | $2.2M | $3.3M | |
| Operating income | −$883.2K | $17.2M | $72.1M | −$2.4M | −$4.2M | −$22.8M | |
| Net income | −$777.6K | $15.4M | $56.0M | −$144.5M | −$83.4M | −$27.3M | |
| Diluted EPS | −$0.08 | $0.84 | $1.83 | −$6.59 | −$3.18 | −$1.00 | |
| Gross margin | 97.6% | 98.6% | 98.1% | 97.2% | 83.0% | 99.4% | |
| Operating margin | -307.5% | 865.6% | 1,558.6% | -52.4% | -157.3% | -689.2% |
Fiscal years (4-quarter sums)FY22 $2.2M · FY23 $2.0M · FY24 $2.1M · FY25 $11.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $6.3M · Total debt $120.6M · Total assets $203.3M · Shareholders' equity −$12.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 30.12M · Float 13.90M · 46.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 1.10M | 3.65% | 13F | May 15, 2026 |
| Fei Han · officer: Chief Financial Officer | 826.2K | 2.74% | Form 4 | Aug 18, 2026 |
| White Parker · 10 percent owner | 613.8K | 2.04% | Form 4 | Aug 24, 2026 |
| BlackRock, Inc. | 347.2K | 1.15% | 13F | May 13, 2026 |
| Two Sigma Investments, LP | 285.8K | 0.95% | 13F | May 15, 2026 |
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 |
Peers
- 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
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DeFi Development | $4.91 | −1.21% | $150.0M | — | — | 9.9 | +66.9% |
| Forward Industries | $5.99 | +1.87% | $434.4M | — | 35.6 | 8.2 | +332.1% |
| Solana Company | $2.30 | −1.27% | $136.6M | — | — | 11.3 | +5,774.4% |
| Upexi | $1.07 | −0.52% | $79.3M | — | — | 3.0 | +44.2% |
| SOL Strategies | $1.28 | +4.07% | $31.4M | — | — | — | — |
| Median | — | 35.6 | 8.2 | +332.1% |