Stablecoin Development Corp (New York Stock Exchange Arca:SDEV)
Insiders here have filed 3 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $65.1M
- Net income
- $535.1M
- Net margin
- 821.8%
Little or no net debt.
- Total debt
- $0
- Cash
- $7.2M
- Net debt / EBITDA
- -0.14x
Comfortably covers what is due within a year.
- Current assets
- $7.8M
- Current liabilities
- $455K
- Current ratio
- 17.20
Consumes cash and must keep raising it.
- Operating cash flow
- -$11.2M
- Free cash flow
- -$88.1M
- FCF margin
- -135.3%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 218.6M
- Share growth (1y)
- 18503.8%
- Cash runway
- 8 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
SDEV Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 60.97 M | 2.21 M | 2.46 M | -521.00 K | 521.00 K | 0.00 |
| Revenue Growth (YoY) | 11602.11 % | — | — | — | — | — |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | -432.00 K | 479.00 K | 38.00 K |
| Gross Profit | 60.97 M | 2.21 M | 2.46 M | -89.00 K | 42.00 K | -38.00 K |
| SG&A Expense | 5.01 M | 5.42 M | 2.85 M | 1.74 M | 1.21 M | 1.85 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 5.01 M | 5.42 M | 2.85 M | 1.74 M | 1.21 M | 1.85 M |
| Operating Income | 55.96 M | -3.21 M | -385.00 K | -1.82 M | -1.17 M | -1.89 M |
| Pretax Income | 55.96 M | -44.55 M | 555.86 M | -26.59 M | -1.33 M | -1.96 M |
| Tax Provision | 5.60 M | -3.48 M | 3.45 M | 0.00 | 0.00 | 0.00 |
| Net Income | 50.36 M | -41.07 M | 552.40 M | -26.60 M | -1.29 M | -1.92 M |
| EPS (Basic) | 0.23 | -1.32 | 21.23 | -4.57 | -1.10 | -1.65 |
| EPS (Diluted) | 0.23 | -1.32 | 3.33 | -4.57 | -1.10 | -1.65 |
| Shares Outstanding | 218.63 M | 31.05 M | 26.02 M | 5.82 M | 1.18 M | 1.16 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.