Stablecoin Development Corporation (SDEV) Income Statement
SDEV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSDEV revenue and net income
SDEV profit margins
SDEV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SDEV quarterly EPS vs estimates
Stablecoin Development beat the analyst EPS estimate in 1 of the last 4 quarters. Next report: November 6, 2026.
SDEV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $10.5M | $14.4M | $10.2M | $9.9M | $6.6M | $12.5M | $18.2M | $11.9M |
| Cost of revenue | $140,000 | $341,000 | $4.4M | $6.6M | $3.7M | $4.0M | $1.7M | $1.5M | $2.8M | $2.5M |
| Gross profit | −$140,000 | −$341,000 | $6.1M | $7.8M | $6.5M | $6.0M | $4.9M | $11.0M | $15.4M | $9.4M |
| Research & development | — | $42,000 | $34,000 | $174,000 | $44,000 | $285,000 | $184,000 | $259,000 | $410,000 | $1.6M |
| Sales, general & admin | $7.6M | $7.4M | $10.2M | $15.3M | — | — | — | — | — | — |
| Total operating expenses | $7.4M | $7.0M | $10.2M | $15.5M | $15.4M | $12.4M | $14.1M | $18.9M | $22.8M | $20.6M |
| Operating income | −$7.6M | −$7.4M | −$4.1M | −$7.7M | −$8.9M | −$6.4M | −$9.2M | −$7.9M | −$7.3M | −$11.1M |
| Interest expense | $277,000 | $904,000 | $1.7M | — | — | $275,000 | $1.1M | — | — | — |
| Income before taxes | −$641.9M | −$8.8M | −$6.1M | −$10.6M | −$5.8M | −$11.0M | −$9.7M | −$6.5M | −$7.4M | −$13.1M |
| Income taxes | — | — | — | — | — | $5,000 | $6,000 | $4,000 | $3,000 | $2,000 |
| Net income | −$642.0M | −$7.2M | −$6.1M | −$10.6M | −$5.8M | −$11.0M | −$9.7M | −$6.5M | −$7.4M | −$13.2M |
| EBITDA | −$7.4M | −$7.0M | −$3.7M | −$7.2M | −$8.7M | −$6.4M | −$9.2M | −$7.6M | −$7.2M | −$11.0M |
| EPS (diluted) | −$110.31 | −$36.55 | −$1891.05 | −$982.22 | −$916.96 | −$1027.08 | −$3484.92 | −$2448.89 | −$2943.02 | −$12535.46 |
| Gross margin | — | — | 58.2% | 54.0% | 63.8% | 60.0% | 73.7% | 88.0% | 84.7% | 79.3% |
| Operating margin | — | — | −39.2% | −53.3% | −86.8% | −64.7% | −140.0% | −62.9% | −40.1% | −93.7% |
| Net margin | — | — | −58.8% | −73.6% | −57.1% | −111.1% | −146.4% | −52.3% | −40.6% | −110.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M | $2.5M | $0 | $521,000 | $0 | $0 | $2.3M | $0 | $0 | $0 | $2.1M | $2.5M |
| Cost of revenue | $0 | $0 | −$432,000 | $479,000 | $38,000 | $55,000 | $63,000 | $87,000 | $92,000 | $96,000 | $1.0M | $819,000 |
| Gross profit | $2.2M | $2.5M | −$89,000 | $42,000 | −$38,000 | −$55,000 | −$63,000 | −$87,000 | −$92,000 | −$96,000 | $1.1M | $1.7M |
| Research & development | — | — | — | — | — | — | $10,000 | $4,000 | $9,000 | $19,000 | $2,000 | $4,000 |
| Sales, general & admin | $5.4M | $2.8M | $1.8M | $1.2M | $1.9M | $2.7M | $2.8M | — | — | — | — | — |
| Total operating expenses | $5.4M | $2.8M | $1.7M | $1.2M | $1.9M | $2.6M | $1.7M | $1.6M | $1.5M | $2.2M | $2.1M | $2.4M |
| Operating income | −$3.2M | −$385,000 | −$1.8M | −$1.2M | −$1.9M | −$2.7M | −$1.8M | −$1.7M | −$1.6M | −$2.3M | −$1.0M | −$698,000 |
| Interest expense | — | $3,000 | $145,000 | $77,000 | $55,000 | $0 | $33,000 | $158,000 | $314,000 | $433,000 | $538,000 | — |
| Income before taxes | −$44.6M | $555.9M | −$26.6M | −$1.3M | −$2.0M | −$3.3M | −$1.9M | −$1.9M | −$2.1M | −$2.9M | −$1.7M | −$1.4M |
| Income taxes | −$3.5M | $3.5M | — | — | — | — | — | — | — | — | — | — |
| Net income | −$41.1M | $552.4M | −$26.6M | −$1.3M | −$1.9M | −$3.5M | −$1.2M | −$1.2M | −$1.6M | −$3.2M | −$1.7M | −$1.4M |
| EBITDA | −$3.2M | −$385,000 | −$1.8M | −$1.1M | −$1.9M | −$2.6M | −$1.7M | −$1.6M | −$1.5M | −$2.2M | −$913,000 | −$685,000 |
| EPS (diluted) | $0.01 | $3.33 | — | −$1.10 | −$1.65 | −$0.61 | −$1.99 | −$2.97 | −$4.86 | −$26.72 | −$232.75 | −$64.75 |
| Gross margin | 100.0% | 100.0% | — | 8.1% | — | — | −2.7% | — | — | — | 51.5% | 67.0% |
| Operating margin | −145.6% | −15.6% | — | −224.4% | — | — | −76.6% | — | — | — | −48.0% | −28.1% |
| Net margin | −1,861.7% | 22,428.1% | — | −248.2% | — | — | −52.5% | — | — | — | −81.8% | −54.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SDEV's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SDEV financial results
Stablecoin Development reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $642.0 million. Diluted earnings per share came to −$110.31.
See the SDEV stock overview for the latest quote and news, or the SDEV chart for price history and technical indicators.
SDEV income statement FAQ
Does Stablecoin Development have revenue?
Stablecoin Development reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Stablecoin Development profitable?
No. Stablecoin Development reported a net loss of $642.0 million in fiscal 2025.
What are Stablecoin Development's earnings per share?
Stablecoin Development earned $-110.31 per diluted share in fiscal 2025, compared with $-36.55 a year earlier.
When will Stablecoin Development report its next earnings?
Stablecoin Development is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Stablecoin Development's fiscal year end?
Stablecoin Development's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.