Revenue: As of FY2025 Q3, the actual value is USD 4.625 M.EPS: As of FY2025 Q3, the actual value is USD 1.83.EBIT: As of FY2025 Q3, the actual value is USD 75.02 M.<h3>Digital Asset Treasury Segment</h3><ul><li>Revenue: $3,794 thousand for the three months ended September 30, 2025, and $5,000 thousand for the nine months ended September 30, 2025, primarily driven by rewards from staking digital asset holdings and operating owned validators.</li><li>Operating Expenses: Total operating expenses were - $70,304 thousand for the three months ended September 30, 2025, and - $86,640 thousand for the nine months ended September 30, 2025, primarily due to gains from changes in fair value of digital assets.</li><li>Segment Operating Income: $74,098 thousand for the three months ended September 30, 2025, and $91,640 thousand for the nine months ended September 30, 2025.</li></ul><h3>Real Estate Platform Segment</h3><ul><li>Revenue: $831 thousand for the three months ended September 30, 2025, and $1,898 thousand for the nine months ended September 30, 2025, primarily due to increased SaaS subscription revenue.</li><li>Operating Expenses: Total operating expenses were $2,843 thousand for the three months ended September 30, 2025, and $5,146 thousand for the nine months ended September 30, 2025, primarily due to sales and marketing expenses and a loss on the disposition of Janover Pro.</li><li>Segment Operating Loss: - $2,012 thousand for the three months ended September 30, 2025, and - $3,248 thousand for the nine months ended September 30, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to focus on accumulating digital assets, particularly Solana (SOL), and holding it long-term as part of its treasury strategy. The strategy is expected to be impacted by price volatility in digital asset markets and changes in staking reward yields.</li><li>Non-Core Business: The company disposed of its Janover Pro business unit, which represented the majority of its SaaS subscription revenue, indicating a shift in focus away from this segment.</li></ul>

DeFi Development | 10-Q: FY2025 Q3 Revenue: USD 4.625 M