Compare
DeFi Development Corp. vs DarkHorse Technologies Inc. vs TON Strategy Co vs BTC Digital Ltd.
| Latest fiscal year | DeFi Development Corp. DFDV | DarkHorse Technologies Inc. DRK | TON Strategy Co TONX | BTC Digital Ltd. BTCT |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | $11.39M | $11.18M | $12.78M | $14.04M |
| Revenue growth (YoY) | +442.2% | -32.7% | n/m | +20.3% |
| Gross margin | n/a | 23.5% (computed) | 69.5% (computed) | -22.5% |
| Operating margin | -319.7% | -196.8% | -285.2% | -62.7% |
| Net margin | -648.1% | -192.1% | n/m | -64.5% |
| Net income | -$73.79M | -$21.48M | -$148.48M | -$9.06M |
| EPS (Diluted) | -$4.00 | -$7.37 | -$5.96 | -$1.10 |
| Operating cash flow | -$17.97M | -$16.12M | -$20.77M | -$5.26M |
| Free cash flow | -$17.97M | -$23.62M | -$20.86M | -$13.78M |
| Cash & equivalents | n/a | $3.71M | $39.49M | $350.0K |
| Total assets | $307.41M | $25.12M | $411.16M | $39.92M |
| Total liabilities | $208.15M | n/a | $4.77M | $2.76M |
| Shareholders' equity | $99.26M | $23.30M | $406.49M | $37.16M |
| Return on year-end equity | -74.3% | -92.2% | -36.5% | -24.4% |
| Shares outstanding | 29.89M | 3.39M | 56.53M | 9.52M |
Revenue, most recent five fiscal years
| Fiscal year | DeFi Development Corp. | DarkHorse Technologies Inc. | TON Strategy Co | BTC Digital Ltd. |
|---|---|---|---|---|
| Latest | $11.39M Ended 2025-12-31 | $11.18M Ended 2025-12-31 | $12.78M Ended 2025-12-31 | $14.04M Ended 2025-12-31 |
| 1 year earlier | $2.10M Ended 2024-12-31 | $16.61M Ended 2024-12-31 | $895.0K Ended 2024-12-31 | $11.68M Ended 2024-12-31 |
| 2 years earlier | n/a | $21.91M Ended 2023-12-31 | $63.0K Ended 2023-12-31 | $9.07M Ended 2023-12-31 |
| 3 years earlier | n/a | $6.08M Ended 2022-12-31 | $8.0K Ended 2022-12-31 | $11.83M Ended 2022-12-31 |
| 4 years earlier | n/a | $3.72M Ended 2021-12-31 | $10.52M Ended 2021-12-31 | $114.39M Ended 2021-12-31 |