DEFG (Grayscale Decentralized Finance (DeFi) Fund LLC) Operating Margin %: 775.86% (As of Mar. 2026) — 472% Above Median


DEFG Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
36 GF Score
Price $7.49
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What is Grayscale Decentralized Finance (DeFi) Fund LLC Operating Margin %?

Grayscale Decentralized Finance (DeFi) Fund LLC DEFG 36 Operating Margin % is 775.86% as of Mar. 2026, which is 472% above its 10-year median of 135.73. GuruFocus rates DEFG with a GF Score™ of 36/100. Among 656 Asset Management companies, Grayscale Decentralized Finance (DeFi) Fund LLC ranks better than 52.44% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Income for the three months ended in Mar. 2026 was $-0.90 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's Revenue for the three months ended in Mar. 2026 was $-0.12 Mil. Therefore, Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % for the quarter that ended in Mar. 2026 was 775.86%.

The historical rank and industry rank for Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % or its related term are showing as below:

DEFG' s Operating Margin % Range Over the Past 10 Years
Min: 20.09   Med: 135.73   Max: 190.68
Current: 20.09


DEFG's Operating Margin % is ranked better than
52.44% of 656 companies
in the Asset Management industry
Industry Median: 17 vs DEFG: 20.09

Grayscale Decentralized Finance (DeFi) Fund LLC's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Income for the three months ended in Mar. 2026 was $-0.90 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.09 Mil.


Grayscale Decentralized Finance (DeFi) Fund LLC  (OTCPK:DEFG) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Grayscale Decentralized Finance (DeFi) Fund LLC Operating Margin % Related Terms


Grayscale Decentralized Finance (DeFi) Fund LLC Operating Margin % Historical Data

* Premium members only.

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % can be seen below:

* 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 Operating Margin % Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Margin %
165.45 102.77 106.01 190.68

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 195.83 8,540.54 -2,817.50 111.70 775.86

DEFG vs SVVC, LGCP, BNBX: Operating Margin % Comparison

For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % falls into.


DEFG
36GF Score
Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Grayscale Decentralized Finance (DeFi) Fund LLC Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as

Operating Margin %=Operating Income (A: Jun. 2025 ) / Revenue (A: Jun. 2025 )
=-0.225 / -0.118
=190.68 %

Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-0.9 / -0.116
=775.86 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 775.86% mean?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a Operating Margin % of 775.86% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. This is 472% above median its historical median of 135.73. Over the past decade, Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % has ranged from 20.09 to 190.68. According to the industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #312 out of 656 companies in the Asset Management industry, placing it in the top 47.6%.
Is Grayscale Decentralized Finance (DeFi) Fund LLC's Operating Margin % too high?
Grayscale Decentralized Finance (DeFi) Fund LLC's current Operating Margin % of 775.86% is 472% above median its 10-year median of 135.73. Over the past 10 years, this metric has ranged from a low of 20.09 to a high of 190.68. The Asset Management industry median Operating Margin % is 17.00. Grayscale Decentralized Finance (DeFi) Fund LLC's value of 775.86% is 4463.9% above this industry median. Based on the distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #312 out of 656 companies in the Asset Management industry, which is above the industry midpoint. 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 Operating Margin % compare to SVVC and LGCP?
According to the Asset Management industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #312 out of 656 companies for Operating Margin %. This puts Grayscale Decentralized Finance (DeFi) Fund LLC in the upper half of its industry. The industry median Operating Margin % is 17.00. Grayscale Decentralized Finance (DeFi) Fund LLC's value of 775.86% is 4463.9% above this benchmark. Historically, Grayscale Decentralized Finance (DeFi) Fund LLC's own Operating Margin % has ranged from 20.09 to 190.68 over the past decade. While the company's 10-year median is 135.73 vs. the industry median of 17.00, 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 Operating Margin % for an Asset Management company?
The median Operating Margin % among Asset Management companies is 17.00, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating 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 Operating Margin % of 775.86% is 4463.9% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. For the Asset Management industry, the median Operating Margin % is 17.00 — 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 Operating Margin % is 775.86%, which is 472% above 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 Operating Margin % of 775.86%. The current Operating Margin % is 775.86%, which is 472% above median its 10-year median of 135.73 and 4463.9% above the Asset Management industry median of 17.00. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG), the current Operating Margin % is 775.86% 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

Address 290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902
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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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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