Stablecoin Development Corporation (SDEV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SDEV SEC filings page.
This page shows Stablecoin Development Corporation (SDEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating losses are cash-consuming, while external financing and balance-sheet liabilities carry a business with thin operating scale.
Cash conversion tightened in FY2024: net loss was-$7.2M and operating cash flow was-$7.5M , making the reported loss largely an economic cash cost. In FY2023, operating cash flow was-$4.1M against a net loss of-$9.6M , so the later one-for-one relationship indicates less support from non-cash or working-capital effects.
Gross-margin improvement did not translate into operating leverage: gross margin reached
Liquidity and solvency point in different directions. FY2025's current ratio was 7.6x, indicating substantial current assets relative to current obligations. Yet total liabilities were
Financial Health Signals
Stablecoin Development Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Stablecoin Development Corporation generated $2.2M in revenue in Q2 2026. Against the prior quarter it is down 10.4%.
Stablecoin Development Corporation reported -$41.1M in net income in Q2 2026. This represents a decrease of 2036.8% from the same quarter a year earlier. Against the prior quarter it is down 107.4%.
Stablecoin Development Corporation earned -$1.32 per diluted share (EPS) in Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Stablecoin Development Corporation held $7.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Stablecoin Development Corporation's ROE was -32.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 13.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 430.2 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
None of these metrics is reported for Q2 2026.
SDEV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M | $2.5M | N/A | $521K | $0-100.0% | $0-100.0% | N/A | $0-100.0% |
| Cost of Revenue | N/A | N/A | N/A | $479K | N/A | N/A | N/A | $0-100.0% |
| Gross Profit | N/A | N/A | N/A | $42K | N/A | N/A | N/A | $0-100.0% |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4K0.0% |
| SG&A Expenses | $5.4M+186.5% | $2.8M+5.4% | N/A | $1.2M-28.9% | $1.9M+16.9% | $2.7M+17.9% | N/A | $1.7M+55.8% |
| Operating Income | -$53.8M-2747.4% | $22.3M+777.5% | N/A | -$1.3M+26.2% | -$1.9M-16.9% | -$3.3M-43.6% | N/A | -$1.7M-144.0% |
| EBITDA | N/A | N/A | N/A | -$1.3M+26.3% | -$1.9M-17.5% | -$3.3M-44.3% | N/A | -$1.7M-148.5% |
| Income Tax | -$3.5M | $3.5M | N/A | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$41.1M-2036.8% | $552.4M+7102.1% | N/A | -$1.3M-6.7% | -$1.9M-21.3% | $7.7M+338.6% | N/A | -$1.2M+31.0% |
| EPS (Basic) | -$1.32+20.0% | $21.23+194.0% | -$4.58+3.0% | -$0.22+88.5% | -$1.65-20.4% | $7.22+124.1% | -$4.72-179.3% | -$1.92+85.4% |
| EPS (Diluted) | -$1.32 | $3.33 | N/A | -$0.22 | -$1.65-20.4% | $7.08 | N/A | -$1.92 |
| Diluted Shares (Avg) | 31M | 166M | N/A | 6M | 1M+0.8% | 1M | N/A | 1M |
Not reported in any period shown, so not listed: Interest Expense.
SDEV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $127.5M+1745.1% | $179.7M+1720.7% | $9.0M+163.9% | $3.5M-10.1% | $6.9M+76.1% | $9.9M+84.3% | $3.4M-62.1% | $3.9M-69.8% |
| Current Assets | $8.1M+32.4% | $19.1M+110.8% | $8.7M+348.3% | $2.9M+27.2% | $6.1M+171.4% | $9.0M+151.7% | $1.9M-73.0% | $2.3M-72.3% |
| Cash & Equivalents | $7.0M+30.4% | $18.4M+117.4% | $8.0M+1750.7% | $2.3M+197.6% | $5.3M+611.6% | $8.5M+364.5% | $430K-85.3% | $776K-77.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | $467K-33.3% | N/A | $0-100.0% | $473K-86.5% |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $704K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $270K-89.9% | $40.9M+1004.4% | $640.5M+17932.1% | $1.9M-33.9% | $2.7M-41.3% | $3.7M-28.7% | $3.6M-37.9% | $2.8M-51.8% |
| Current Liabilities | $270K-87.4% | $3.6M+16.6% | $1.1M-59.8% | $1.4M-27.0% | $2.1M-40.6% | $3.1M-21.8% | $2.8M-33.5% | $2.0M-56.6% |
| Non-Current Liabilities | $0-100.0% | $37.3M+5753.0% | $639.4M+90077.4% | $405K-50.7% | $522K-44.0% | $638K-49.9% | $709K-50.8% | $821K-34.0% |
| Total Equity | $127.2M+2897.5% | $138.8M+2151.1% | -$631.8M-489679.1% | $1.1M+3.5% | $4.2M+788.0% | $6.2M+3754.4% | -$129K-103.9% | $1.1M-84.8% |
| Retained Earnings | -$307.7M-73.2% | -$266.7M-51.7% | -$819.1M-346.5% | -$183.8M-0.9% | -$177.7M+1.3% | -$175.8M+1.5% | -$183.5M-4.9% | -$182.2M-10.0% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
SDEV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.0M-136.3% | -$1.8M-36.3% | -$2.3M-35.7% | -$2.3M+5.5% | -$2.5M-80.3% | -$1.3M+33.1% | -$1.7M-183.1% | -$2.4M-278.0% |
| Depreciation & Amortization | N/A | N/A | N/A | $1K0.0% | $1K-87.5% | $2K-83.3% | $16K+33.3% | $1K-92.3% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $22K-64.5% |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0 | $0-100.0% | $4K+33.3% | $0-100.0% |
| Free Cash Flow | N/A | N/A | N/A | -$2.3M+5.5% | -$2.5M-80.3% | -$1.3M+33.2% | -$1.7M-182.4% | -$2.4M-277.4% |
| Investing Cash Flow | -$7.6M | -$25.9M | N/A | $0 | $0 | $0+100.0% | $1.1M+35633.3% | $0+100.0% |
| Financing Cash Flow | $1.8M+1151.7% | $38.3M+2344.6% | $7.8M+1463.2% | -$1.3M-163.2% | -$174K+64.6% | -$1.7M-186.1% | $500K+2023.1% | $2.1M+461.9% |
| Dividends Paid | N/A | N/A | $17K | $4.8M | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
SDEV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 8.1% | N/A | N/A | N/A | N/A |
| Operating Margin | -2440.8% | 905.0% | N/A | -241.1% | N/A | N/A | N/A | N/A |
| Net Margin | -1861.7% | 22428.1% | N/A | -248.2% | N/A | N/A | N/A | N/A |
| Return on Equity | -32.3%+13.0pp | 397.9%+273.5pp | N/A | -116.6%-3.5pp | -45.3% | 124.4%+2133.1pp | N/A | -113.1%-88.1pp |
| Return on Assets | -32.2%-4.4pp | 307.3%+229.6pp | N/A | -37.1%-5.8pp | -27.8%+12.6pp | 77.7%+137.7pp | N/A | -31.3%-17.6pp |
| Current Ratio | 29.98+27.1x | 5.33+2.4x | 7.60+6.9x | 2.00+0.9x | 2.85+2.2x | 2.95+2.0x | 0.68-1.0x | 1.15-0.6x |
| Debt-to-Equity | 0.00-0.6x | 0.29-0.3x | N/A | 1.67-0.9x | 0.63 | 0.60-31.9x | N/A | 2.62+1.8x |
| Asset Turnover | 0.020.0x | 0.010.0x | N/A | 0.15+0.1x | 0.00-0.6x | 0.00-0.5x | N/A | 0.00-0.2x |
| FCF Margin | N/A | N/A | N/A | -442.8% | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$631.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Where Stablecoin Development Corporation Ranks
Frequently Asked Questions
Does Stablecoin Development Corporation pay dividends?
Yes, Stablecoin Development Corporation (SDEV) paid $4.00 per share in dividends during fiscal year 2025.
What is Stablecoin Development Corporation's operating cash flow?
Stablecoin Development Corporation (SDEV) recorded an outflow of $8.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Stablecoin Development Corporation's total assets?
Stablecoin Development Corporation (SDEV) had $9.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Stablecoin Development Corporation's current ratio?
Stablecoin Development Corporation (SDEV) had a current ratio of 7.60 as of fiscal year 2025, which is generally considered healthy.
What is Stablecoin Development Corporation's P/E ratio?
Stablecoin Development Corporation (SDEV) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $45.1M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Stablecoin Development Corporation's price-to-sales ratio?
Stablecoin Development Corporation (SDEV) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $45.1M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Stablecoin Development Corporation's debt-to-equity ratio negative or not reported?
Stablecoin Development Corporation (SDEV) has negative shareholder equity of -$631.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.