# Stablecoin Development Corp: overview SDEV · NYSE · CIK 1389545 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/sdev.md) · [Financials](/companies/sdev/financials.md) · [Filings](/companies/sdev/filings.md) · [Insiders](/companies/sdev/insiders.md) Latest reported revenue: [$2.1m](/filings/0001437749-26-033940.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001437749-26-033940). ## Last eight quarters | Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $k | [9,781 d](/filings/0001437749-25-010730.md) | [0.0](/filings/0001437749-26-017406.md) | [0.0](/filings/0001437749-26-025065.md) | [0.0](/filings/0001437749-26-033940.md) | not reported | [2,463](/filings/0001437749-26-017406.md) | [2,206](/filings/0001437749-26-025065.md) | [2,140](/filings/0001437749-26-033940.md) | | Gross margin | % | [66.3% d](/filings/0001437749-25-010730.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [(18.1%) d](/filings/0001437749-26-013913.md) | not reported | not reported | not reported | not reported | [905.0%](/filings/0001437749-26-017406.md) | [(2440.8%)](/filings/0001437749-26-025065.md) | [2615.0%](/filings/0001437749-26-033940.md) | | Net margin | % | [(12.4%) d](/filings/0001437749-26-013913.md) | not reported | not reported | not reported | not reported | [22428.1%](/filings/0001437749-26-033940.md) | [(1861.7%)](/filings/0001437749-26-033940.md) | [2353.4%](/filings/0001437749-26-033940.md) | | Diluted EPS | $ per share | not reported | [7.08](/filings/0001437749-26-017406.md) | [(1.65)](/filings/0001437749-26-025065.md) | [(1.10)](/filings/0001437749-26-033940.md) | not reported | [3.33](/filings/0001437749-26-017406.md) | [(1.32)](/filings/0001437749-26-025065.md) | [0.23](/filings/0001437749-26-033940.md) | | Free cash flow | $k | [(1,680) d](/filings/0001437749-26-013913.md) | [(1,324)](/filings/0001437749-26-017406.md) | [(2,524) d](/filings/0001437749-26-025065.md) | [(1,981) d](/filings/0001437749-26-033940.md) | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [10.2](/filings/0001437749-23-008843.md) | [14.4](/filings/0001437749-24-009417.md) | [10.5](/filings/0001437749-25-010730.md) | [9.8](/filings/0001437749-25-010730.md) | not reported | | Gross margin | % | [63.8%](/filings/0001437749-23-008843.md) | [54.0%](/filings/0001437749-24-009417.md) | [58.2%](/filings/0001437749-25-010730.md) | [66.3%](/filings/0001437749-25-010730.md) | not reported | | Operating margin | % | [(86.8%)](/filings/0001437749-23-008843.md) | [(100.1%)](/filings/0001437749-24-009417.md) | [(39.2%)](/filings/0001437749-25-010730.md) | [(75.4%)](/filings/0001437749-26-013913.md) | not reported | | Net margin | % | [(57.1%)](/filings/0001437749-23-008843.md) | [(73.6%)](/filings/0001437749-24-009417.md) | [(92.2%)](/filings/0001437749-25-010730.md) | [(73.8%)](/filings/0001437749-26-013913.md) | not reported | | Diluted EPS | $ per share | [(150.00)](/filings/0001437749-22-007543.md) | not reported | not reported | not reported | not reported | | Free cash flow | $m | [(9.2)](/filings/0001437749-23-008843.md) | [(6.8)](/filings/0001437749-24-009417.md) | [(4.2)](/filings/0001437749-24-009417.md) | [(7.5)](/filings/0001437749-26-013913.md) | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sdev/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $445.9k | 424,695 | | Added +1,352 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $343.3k | 326,988 | | Added +54,831 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $295.7k | 281,483 | | Reduced −8,786 | | [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $138.4k | 131,840 | | Added +1,056 | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $123.0k | 117,154 | | Unchanged | | [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $62.9k | 59,926 | | Added +6,250 | | [Bank of New York Mellon Corp](/funds/1390777.md) | 2026-06-30 | $29.4k | 28,033 | | New +28,033 | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $27.4k | 26,142 | | Reduced −56,653 | | [State of Wyoming](/funds/1821626.md) | 2026-06-30 | $24.7k | 23,509 | | Reduced −789 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $23.8k | 22,639 | | Reduced −98,465 | ## Recent filings [All 1,179 filings](/companies/sdev/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-10-29 | 16:34 ET | [8-K](/filings/0001437749-26-033952.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-033952 | | 2026-10-29 | 16:15 ET | [10-Q](/filings/0001437749-26-033940.md) | Quarterly report, period 2026-09-30 | 0001437749-26-033940 | | 2026-10-29 | 15:44 ET | [SCHEDULE 13D/A](/filings/0001437749-26-033914.md) | Ownership report, active investor, amended | 0001437749-26-033914 | | 2026-10-05 | 08:05 ET | [8-K](/filings/0001437749-26-031972.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-031972 | | 2026-09-29 | 16:17 ET | [8-K](/filings/0001437749-26-031464.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001437749-26-031464 | | 2026-09-28 | 16:15 ET | [DEF 14A](/filings/0001437749-26-031344.md) | Proxy statement, period 2026-11-10 | 0001437749-26-031344 | | 2026-09-08 | 16:55 ET | [8-K](/filings/0001437749-26-029847.md) | 3.03 Change to security holders’ rights; 5.02 Departure or appointment of officers or directors; 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001437749-26-029847 | | 2026-08-21 | 09:49 ET | [SCHEDULE 13D/A](/filings/0001437749-26-028685.md) | Ownership report, active investor, amended | 0001437749-26-028685 | | 2026-07-31 | 08:44 ET | [8-K](/filings/0001437749-26-025172.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-025172 | | 2026-07-30 | 16:22 ET | [10-Q](/filings/0001437749-26-025065.md) | Quarterly report, period 2026-06-30 | 0001437749-26-025065 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-009090.md), filed Mar 19, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1389545 - Tickers: SDEV - Exchange: NYSE - SIC code: 6199 Finance Services - State of incorporation: DE - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 17:47 ET. No prices; not investment advice.