For the twelve months ended Sep 30, 2026, Stablecoin Development Corporation reported -$73.54M of net income.
SDEV revenue was $2.14M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0 a year earlier and down 3.0% from the prior quarter. For the full fiscal 2024 it was $9.78M, down 6.4% from fiscal 2023. Compound annual growth was +8.2% over 5 years and +25.0% over 10 years. It rose in 6 of the last 10 fiscal years.
SDEV net income was $50.36M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.29M a year earlier. For the full fiscal 2025 it was -$630.78M, compared with -$7.22M in fiscal 2024.
SDEV diluted EPS was $0.23 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2021 it was -$750.00, compared with -$1550.00 in fiscal 2020.
SDEV free cash flow was -$1.98M in fiscal Q3 2025 (ended Sep 30, 2025), compared with -$2.44M a year earlier. For the full fiscal 2024 it was -$7.50M, compared with -$4.28M in fiscal 2023.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $9.78M | $10.46M | $14.40M | $10.20M | $9.93M | $6.60M | $12.51M | $18.23M | $11.90M |
| Cost of revenue | - | $3.30M | $4.37M | $6.62M | $3.69M | $3.97M | $1.74M | $1.50M | $2.78M | $2.46M |
| Gross profit | - | $6.48M | $6.08M | $7.78M | $6.51M | $5.96M | $4.86M | $11.01M | $15.45M | $9.43M |
| Research and development | - | $42.0K | $34.0K | $174.0K | $44.0K | $285.0K | $184.0K | $259.0K | $410.0K | $1.37M |
| Selling, general and admin | $7.58M | $7.38M | $5.45M | $7.49M | $7.24M | $5.93M | $5.31M | $5.83M | $8.64M | $7.24M |
| Operating income | -$8.44M | -$7.38M | -$4.10M | -$14.42M | -$8.86M | -$6.43M | -$9.40M | -$7.87M | -$7.31M | -$10.98M |
| Pre-tax income | - | - | -$9.64M | -$10.61M | -$5.82M | -$11.03M | -$9.65M | -$6.54M | -$7.40M | -$13.15M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $5.0K | $6.0K | $4.0K | $3.0K | $2.0K |
| Net income | -$630.78M | -$7.22M | -$9.64M | -$10.61M | -$5.82M | -$11.04M | -$9.66M | -$6.54M | -$7.40M | -$13.15M |
| EPS, basic | -$541.95 | -$63.40 | -$695.70 | -$50.50 | -$26.30 | -$1.55 | -$2.40 | -$1.95 | -$2.40 | -$7.00 |
| EPS, diluted | - | - | - | - | -$750.00 | -$1550.00 | -$2400.00 | -$2.30 | -$2.40 | -$7.00 |
| Diluted shares | - | - | - | - | 8.7M | 7.0M | 4.3M | 3.4M | 3.1M | 1.9M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.96M | $907.0K | $3.61M | $5.85M | $7.50M | $11.95M | $6.94M | $3.18M | $3.20M | $9.51M |
| Short-term investments | - | - | - | - | - | - | - | - | - | $0 |
| Receivables | - | - | $680.0K | $1.97M | - | - | - | - | - | - |
| Inventory | - | $0 | $501.0K | $3.44M | $3.22M | $608.0K | $492.0K | $280.0K | $504.0K | $873.0K |
| Current assets | $8.68M | $1.94M | $7.15M | $11.33M | $13.17M | $14.24M | $9.38M | $8.61M | $8.99M | $14.47M |
| Goodwill | - | - | $0 | $348.0K | $4.53M | $0 | - | - | - | - |
| Total assets | $9.04M | $3.42M | $9.03M | $16.40M | $23.98M | $15.24M | $11.22M | $9.36M | $10.08M | $15.38M |
| Current liabilities | $1.14M | $2.84M | $4.28M | $4.26M | $3.44M | $2.83M | $5.69M | $3.85M | $4.98M | $4.32M |
| Total liabilities | $640.50M | $3.55M | $5.72M | $5.84M | $13.81M | $2.92M | $10.25M | $4.41M | $7.49M | $8.28M |
| Shareholders' equity | -$631.82M | -$129.0K | $3.31M | $10.55M | $10.17M | $12.32M | $973.0K | $4.95M | $2.59M | $7.10M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.43M | -$7.50M | -$4.26M | -$6.65M | -$9.19M | -$4.72M | -$7.93M | -$5.57M | -$6.27M | -$11.66M |
| Capital expenditures | - | $6.0K | $19.0K | $112.0K | $52.0K | $26.0K | $19.0K | $44.0K | $244.0K | $160.0K |
| Free cash flow | - | -$7.50M | -$4.28M | -$6.77M | -$9.24M | -$4.75M | -$7.95M | -$5.61M | -$6.51M | -$11.82M |
| Investing cash flow | - | $1.06M | -$19.0K | -$112.0K | -$12.04M | -$26.0K | -$19.0K | -$44.0K | -$244.0K | -$160.0K |
| Financing cash flow | $4.62M | $1.50M | $1.91M | $4.63M | $16.79M | $9.76M | $11.70M | $5.60M | $201.0K | $19.42M |
| Dividends paid | $4.82M | $0 | - | - | - | - | $0 | - | - | - |
| Depreciation and amortization | - | - | $51.0K | $120.0K | $59.0K | $51.0K | $65.0K | $266.0K | $95.0K | $114.0K |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | -6.4% | -27.4% | 41.2% | 2.7% | 50.5% | -47.2% | -31.4% | 53.2% | 171.6% |
| Gross margin | - | 66.3% | 58.2% | 54.0% | 63.8% | 60.0% | 73.7% | 88.0% | 84.7% | 79.3% |
| Operating margin | - | -75.4% | -39.2% | -100.1% | -86.8% | -64.7% | -142.4% | -62.9% | -40.1% | -92.3% |
| Net margin | - | -73.8% | -92.2% | -73.6% | -57.1% | -111.1% | -146.4% | -52.3% | -40.6% | -110.5% |
| Free cash flow margin | - | -76.7% | -40.9% | -47.0% | -90.6% | -47.8% | -120.4% | -44.9% | -35.7% | -99.4% |
| Return on equity | - | - | -290.9% | -100.5% | -57.3% | -89.6% | -992.6% | -132.1% | -285.4% | -185.2% |
| Return on assets | -6981.5% | -211.0% | -106.7% | -64.7% | -24.3% | -72.4% | -86.1% | -69.9% | -73.4% | -85.5% |
| Current ratio | 7.60 | 0.68 | 1.67 | 2.66 | 3.83 | 5.03 | 1.65 | 2.24 | 1.81 | 3.35 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.14M | $2.21M | $2.46M | - | $0 | $0 | $0 | $9.78M | $0 | $2.40M | $2.63M | $2.10M |
| Cost of revenue | - | - | - | - | $479.0K | - | - | $3.30M | $0 | $808.0K | $837.0K | $1.02M |
| Gross profit | - | - | - | - | $42.0K | - | - | $6.48M | $0 | $1.59M | $1.79M | $1.08M |
| Research and development | - | - | - | - | - | - | - | $10.0K | $4.0K | $9.0K | $19.0K | -$2.0K |
| Selling, general and admin | $5.01M | $5.42M | $2.85M | $1.78M | $1.21M | $1.89M | $2.70M | $1.77M | $1.70M | $1.62M | $2.29M | $1.06M |
| Operating income | $55.96M | -$53.84M | $22.29M | -$1.96M | -$1.30M | -$1.89M | -$3.29M | -$1.77M | -$1.70M | -$1.62M | -$2.29M | -$1.01M |
| Pre-tax income | $55.96M | -$44.55M | $555.86M | - | -$1.38M | -$1.96M | -$3.33M | - | - | - | - | -$4.11M |
| Income tax | $5.60M | -$3.48M | $3.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | - |
| Net income | $50.36M | -$41.07M | $552.40M | -$635.24M | -$1.29M | -$1.92M | $7.67M | -$1.21M | -$1.21M | -$1.58M | -$3.21M | -$4.11M |
| EPS, basic | $0.23 | -$1.32 | $21.23 | - | -$1.10 | -$1.65 | $7.22 | - | -$9.60 | -$6.85 | -$149.75 | - |
| EPS, diluted | $0.23 | -$1.32 | $3.33 | - | -$1.10 | -$1.65 | $7.08 | - | -$9.60 | -$6.85 | -$149.75 | - |
| Diluted shares | 220.7M | 31.0M | 165.7M | - | 1.2M | 1.2M | 1.1M | - | 231,000 | 231,000 | 24,000 | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.15M | $6.97M | $18.41M | $7.96M | $2.31M | $5.34M | $8.47M | $907.0K | $776.0K | $751.0K | $1.82M | $3.61M |
| Receivables | - | - | - | - | - | - | - | - | $704.0K | $547.0K | $734.0K | $680.0K |
| Inventory | - | - | - | - | - | $467.0K | - | $0 | $473.0K | $700.0K | $663.0K | $501.0K |
| Current assets | $7.83M | $8.10M | $19.05M | $8.68M | $2.90M | $6.12M | $9.04M | $1.94M | $2.28M | $2.25M | $3.59M | $7.15M |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | $0 |
| Total assets | $188.22M | $127.51M | $179.74M | $9.04M | $3.49M | $6.91M | $9.87M | $3.42M | $3.88M | $3.92M | $5.36M | $9.03M |
| Current liabilities | $455.0K | $270.0K | $3.58M | $1.14M | $1.45M | $2.14M | $3.07M | $2.84M | $1.98M | $3.61M | $3.92M | $4.28M |
| Total liabilities | $6.05M | $270.0K | $40.92M | $640.50M | $1.85M | $2.67M | $3.71M | $3.55M | $2.81M | $4.54M | $5.20M | $5.72M |
| Shareholders' equity | $182.16M | $127.24M | $138.82M | -$631.82M | $1.11M | $4.25M | $6.17M | -$129.0K | $1.07M | -$617.0K | $160.0K | $3.31M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.12M | -$5.96M | -$1.80M | -$2.60M | -$1.98M | -$2.52M | -$1.32M | -$1.68M | -$2.44M | -$1.40M | -$1.98M | -$722.0K |
| Capital expenditures | - | - | - | - | $0 | $0 | $0 | $4.0K | $0 | $0 | $2.0K | $3.0K |
| Free cash flow | - | - | - | - | -$1.98M | -$2.52M | -$1.32M | -$1.68M | -$2.44M | -$1.40M | -$1.98M | -$725.0K |
| Investing cash flow | $1.0K | -$7.58M | -$25.92M | - | $0 | $0 | $0 | $1.07M | $0 | $0 | -$2.0K | -$3.0K |
| Financing cash flow | $1.30M | $1.83M | $38.34M | $7.82M | -$1.32M | -$174.0K | -$1.71M | $500.0K | $2.09M | -$492.0K | -$597.0K | -$26.0K |
| Dividends paid | - | - | - | $2.0K | - | - | - | $0 | - | - | - | - |
| Depreciation and amortization | - | - | - | - | - | - | - | - | - | - | - | $12.0K |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | - | - | - | -100.0% | -100.0% | 365.5% | -100.0% | -32.1% | 12.5% | -42.3% |
| Net income growth, YoY | - | - | 7102.1% | - | - | - | - | - | - | - | - | - |
| Gross margin | - | - | - | - | - | - | - | 66.3% | - | 66.3% | 68.2% | 51.5% |
| Operating margin | 2615.0% | -2440.8% | 905.0% | - | - | - | - | -18.1% | - | -67.4% | -87.1% | -48.0% |
| Net margin | 2353.4% | -1861.7% | 22428.1% | - | - | - | - | -12.4% | - | -66.0% | -122.2% | -195.5% |
| Free cash flow margin | - | - | - | - | - | - | - | -17.2% | - | -58.3% | -75.3% | -34.5% |
| Current ratio | 17.20 | 29.98 | 5.33 | 7.60 | 2.00 | 2.85 | 2.95 | 0.68 | 1.15 | 0.62 | 0.92 | 1.67 |
Source: XBRL data Stablecoin Development Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-25, first reported Mar 4, 2016; 1-for-5, first reported May 15, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SDEV | - | - | -$73.54M | - | $70.9M |
| LLY | $86.46B | +45.5% | $27.58B | 31.9% | $1.33T |
| JNJ | $99.33B | +7.8% | $16.09B | 16.2% | $665.19B |
| ABBV | $66.01B | +10.7% | $10.34B | 15.7% | $521.00B |
| MRK | $66.57B | +4.6% | $3.17B | 4.8% | $370.96B |
| NVS | $54.53B | +8.4% | $13.98B | 25.6% | $314.81B |
| AZN | $58.74B | +8.6% | $10.22B | 17.4% | $293.10B |
| ABT | $45.13B | +6.6% | $6.28B | 13.9% | $199.88B |
| NVO | DKK 309.06B | +6.4% | DKK 102.43B | 33.1% | $186.77B |