Slow Bull
The market, slowly. FRIDAY, 25 SEPTEMBER 2026

Stablecoin Development Corp

SDEV NYSE SEC CIK 1389545
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Financials

Reported figures only · latest: Q2 2026 USD · US GAAP
Revenue, last quarter $2.2M
Net income −$41.1M −2036.8% vs same quarter last year
EPS, diluted −$1.32 +20% vs same quarter last year
Operating cash flow −$6M −136.3% vs same quarter last year
Revenue by quarter
$0
$9.8M
$0
$0
$521K
$2.5M
$2.2M
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q1 26 Q2 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income15 fiscal years
  • Revenue
  • Net income
−$800M−$600M−$400M−$200M$0$200MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearRevenueNet income
FY25-−$630.8M
FY24$9.8M−$7.2M
FY23$10.5M−$9.6M
FY22$14.4M−$10.6M
FY21$10.2M−$5.8M
FY20$9.9M−$11M
FY19$6.6M−$9.7M
FY18$12.5M−$6.5M
FY17$18.2M−$7.4M
FY16$11.9M−$13.2M
FY15$4.4M−$19M
FY14$370K−$15.2M
FY13$3.3M−$16M
FY12$6.9M−$7M
FY11$11M−$5.1M
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−6000%−4000%−2000%0%2000%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearGross marginOperating marginNet margin
FY25---
FY2466.3%−75.4%−73.8%
FY2358.2%−39.2%−92.2%
FY2254%−100.1%−73.6%
FY2163.8%−86.8%−57.1%
FY2060%−64.7%−111.1%
FY1973.7%−142.4%−146.4%
FY1888%−62.9%−52.3%
FY1784.7%−40.1%−40.6%
FY1679.3%−92.3%−110.5%
FY1571.2%−482.5%−433.1%
FY14153.5%−4568.6%−4106.5%
FY13101.9%−475.9%−493%
FY120.1%−119.8%−101.4%
FY11-−39.2%−46.1%
Free cash flowOperating cash flow minus capital expenditure
−$20M−$15M−$10M−$5M$0FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearFree cash flow
FY25-
FY24−$7.5M
FY23−$4.2M
FY22−$6.8M
FY21−$9.2M
FY20−$4.7M
FY19−$7.9M
FY18−$5.6M
FY17−$6.5M
FY16−$11.8M
FY15−$18.7M
FY14−$15.1M
FY13−$13.1M
FY12−$6.7M
FY11−$3.3M
Returned to shareholdersDividends paid and shares bought back
$0$2M$4M$6MFY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearDividends
FY25$4.8M
FY24$0
FY23-
FY22-
FY21-
FY20-
FY19$0
FY18-
FY17-
FY16-
FY15-
FY14-
FY13-
FY12-
FY11-
Net margin vs the sectorMedian of Financials companies filing with the SEC
  • Stablecoin Development
  • Financials median
−6000%−4000%−2000%0%2000%FY11FY13FY15FY17FY19FY21FY23FY25
Show the numbers
YearStablecoin DevelopmentFinancials median
FY25-18.2%
FY24−73.8%17.4%
FY23−92.2%15.4%
FY22−73.6%15.5%
FY21−57.1%21.7%
FY20−111.1%14.4%
FY19−146.4%13.9%
FY18−52.3%16.2%
FY17−40.6%10.8%
FY16−110.5%9.3%
FY15−433.1%7.7%
FY14−4106.5%7.4%
FY13−493%9%
FY12−101.4%5.6%
FY11−46.1%5.5%

News

No stories filed under Stablecoin Development yet - coverage appears here as the news feed clusters it.