What is Grayscale Decentralized Finance (DeFi) Fund LLC Gross Margin %?
Grayscale Decentralized Finance (DeFi) Fund LLCDEFG 36 Gross Margin % is 111.21% as of Mar. 2026, which is 18% below its 10-year median of 135.73. GuruFocus rates DEFG with a GF Score™ of 36/100. Among 550 Asset Management companies, Grayscale Decentralized Finance (DeFi) Fund LLC ranks better than 95.09% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Grayscale Decentralized Finance (DeFi) Fund LLC had a gross margin of 111.21% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Grayscale Decentralized Finance (DeFi) Fund LLC Gross Margin % Related Terms
Grayscale Decentralized Finance (DeFi) Fund LLC Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Grayscale Decentralized Finance (DeFi) Fund LLC Gross Margin % Chart
Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data
Trend
Jun22
Jun23
Jun24
Jun25
Gross Margin %
165.45
102.77
106.01
190.68
Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
DEFG vs BNBX, SVVC, LGCP: Gross Margin % Comparison
For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Grayscale Decentralized Finance (DeFi) Fund LLC Gross Margin % vs Asset Management Industry
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a Gross Margin % of 111.21% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. This is 18% below median its historical median of 135.73. Over the past decade, Grayscale Decentralized Finance (DeFi) Fund LLC's Gross Margin % has ranged from 102.77 to 190.68. According to the industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #27 out of 550 companies in the Asset Management industry, placing it in the top 4.9%.
Is Grayscale Decentralized Finance (DeFi) Fund LLC's Gross Margin % too high?
Grayscale Decentralized Finance (DeFi) Fund LLC's current Gross Margin % of 111.21% is 18% below median its 10-year median of 135.73. Over the past 10 years, this metric has ranged from a low of 102.77 to a high of 190.68. The Asset Management industry median Gross Margin % is 57.90. Grayscale Decentralized Finance (DeFi) Fund LLC's value of 111.21% is 92.1% above this industry median. Based on the distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #27 out of 550 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Grayscale Decentralized Finance (DeFi) Fund LLC has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Grayscale Decentralized Finance (DeFi) Fund LLC's Gross Margin % compare to BNBX and SVVC?
According to the Asset Management industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #27 out of 550 companies for Gross Margin %. This places Grayscale Decentralized Finance (DeFi) Fund LLC in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 57.90. Grayscale Decentralized Finance (DeFi) Fund LLC's value of 111.21% is 92.1% above this benchmark. Historically, Grayscale Decentralized Finance (DeFi) Fund LLC's own Gross Margin % has ranged from 102.77 to 190.68 over the past decade. While the company's 10-year median is 135.73 vs. the industry median of 57.90, Grayscale Decentralized Finance (DeFi) Fund LLC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Asset Management company?
The median Gross Margin % among Asset Management companies is 57.90, based on 550 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grayscale Decentralized Finance (DeFi) Fund LLC's current Gross Margin % of 111.21% is 92.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. For the Asset Management industry, the median Gross Margin % is 57.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grayscale Decentralized Finance (DeFi) Fund LLC's current Gross Margin % is 111.21%, which is 18% below median its own 10-year median of 135.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Decentralized Finance (DeFi) Fund LLC stock overvalued right now?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a current Gross Margin % of 111.21%. The current Gross Margin % is 111.21%, which is 18% below median its 10-year median of 135.73 and 92.1% above the Asset Management industry median of 57.90. Grayscale Decentralized Finance (DeFi) Fund LLC's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG), the current Gross Margin % is 111.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Grayscale Decentralized Finance (DeFi) Fund LLC Business Description
Grayscale Decentralized Finance (DeFi) Fund LLC is an investment vehicle that invests in and derives value from a basket of decentralized finance applications in the form of a security while avoiding the challenges of buying, storing, and safekeeping DeFi directly. Its investment objective is for the value of the Shares (based on NAV per Share) to reflect the value of the fund components as determined by reference to their respective digital asset reference rates and fund weightings, less the fund's expenses and other liabilities. The fund components consist of the digital assets that make up the DFX (CoinDesk DeFi Select Index) as rebalanced from time to time.
36GF Score
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