According to the report, Forward and DeFi Development posted revenue of $13 million and $2.66 million, while both recorded larger unrealized losses as Solana’s token price fell during the quarter.
Forward and DeFi Development, described in the report as Solana treasury companies, reported Q1 2026 revenue of $13 million and $2.66 million, respectively. Both companies also logged larger unrealized losses during the quarter as SOL, Solana’s native token, declined in price. Forward reported $283.1 million in unrealized losses, while the report indicates DeFi Development also recorded unrealized losses, though the provided source text does not include its full figure. Unrealized losses reflect declines in the market value of held assets that have not been sold, a common accounting effect for companies holding large crypto treasuries during periods of price weakness.