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Stablecoin Development Corp

SDEV Clue Score19
United States Fiscal year ends December CIK 0001389545
$1.54 -22.61% Close, 9 Oct 2026
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Price $1.54 +178.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue11.9Operating income−11.0Net income−13.2EPS, diluted−1.40Fiscal year 2017Revenue18.2 +53.2%Operating income−7.3Net income−7.4EPS, diluted−0.48Fiscal year 2018Revenue12.5 −31.4%Operating income−7.9Net income−6.5EPS, diluted−0.46Fiscal year 2019Revenue6.6 −47.2%Operating income−9.4Net income−9.7EPS, diluted−0.48Fiscal year 2020Revenue9.9 +50.5%Operating income−6.4Net income−11.0EPS, diluted−0.31Fiscal year 2021Revenue10.2 +2.7%Operating income−8.9Net income−5.8Fiscal year 2022Revenue14.4 +41.2%Operating income−14.4Net income−10.6Fiscal year 2023Revenue10.5 −27.4%Operating income−4.1Net income−9.6Fiscal year 2024Revenue9.8 −6.4%Operating income−7.4Net income−7.2Fiscal year 2025Operating income−8.4Net income−630.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.9 18.2 12.5 6.6 9.9 10.2 14.4 10.5 9.8 n/a
Growth +53.2% −31.4% −47.2% +50.5% +2.7% +41.2% −27.4% −6.4%
Operating income −11.0 −7.3 −7.9 −9.4 −6.4 −8.9 −14.4 −4.1 −7.4 −8.4
Net income −13.2 −7.4 −6.5 −9.7 −11.0 −5.8 −10.6 −9.6 −7.2 −630.8
Growth
EPS, diluted −1.40 −0.48 −0.46 −0.48 −0.31 n/a n/a n/a n/a n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin79.3%Operating margin−92.3%Net margin−110.5%Free cash flow margin−99.4%Fiscal year 2017Gross margin84.7%Operating margin−40.1%Net margin−40.6%Free cash flow margin−35.7%Fiscal year 2018Gross margin88.0%Operating margin−62.9%Net margin−52.3%Free cash flow margin−44.9%Fiscal year 2019Gross margin73.7%Operating margin−142.4%Net margin−146.4%Free cash flow margin−120.4%Fiscal year 2020Gross margin60.0%Operating margin−64.7%Net margin−111.1%Free cash flow margin−47.8%Fiscal year 2021Gross margin63.8%Operating margin−86.8%Net margin−57.1%Free cash flow margin−90.6%Fiscal year 2022Gross margin54.0%Operating margin−100.1%Net margin−73.6%Free cash flow margin−47.0%Fiscal year 2023Gross margin58.2%Operating margin−39.2%Net margin−92.2%Free cash flow margin−39.7%Fiscal year 2024Gross margin66.3%Operating margin−75.4%Net margin−73.8%Free cash flow margin−76.7%Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 79.3% 84.7% 88.0% 73.7% 60.0% 63.8% 54.0% 58.2% 66.3% n/a
Operating margin −92.3% −40.1% −62.9% −142.4% −64.7% −86.8% −100.1% −39.2% −75.4% n/a
Net margin −110.5% −40.6% −52.3% −146.4% −111.1% −57.1% −73.6% −92.2% −73.8% n/a
Free cash flow margin −99.4% −35.7% −44.9% −120.4% −47.8% −90.6% −47.0% −39.7% −76.7% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−11.7Capital expenditure−0.2Free cash flow−11.8Fiscal year 2017Operating cash flow−6.3Capital expenditure−0.2Free cash flow−6.5Fiscal year 2018Operating cash flow−5.6Capital expenditure−0.0Free cash flow−5.6Fiscal year 2019Operating cash flow−7.9Capital expenditure−0.0Free cash flow−7.9Dividends paid0.0Fiscal year 2020Operating cash flow−4.7Capital expenditure−0.0Free cash flow−4.7Fiscal year 2021Operating cash flow−9.2Capital expenditure−0.1Free cash flow−9.2Fiscal year 2022Operating cash flow−6.7Capital expenditure−0.1Free cash flow−6.8Fiscal year 2023Operating cash flow−4.1Capital expenditure−0.0Free cash flow−4.2Fiscal year 2024Operating cash flow−7.5Capital expenditure−0.0Free cash flow−7.5Dividends paid0.0Fiscal year 2025Operating cash flow−8.4Dividends paid−4.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −11.7 −6.3 −5.6 −7.9 −4.7 −9.2 −6.7 −4.1 −7.5 −8.4
Capital expenditure −0.2 −0.2 −0.0 −0.0 −0.0 −0.1 −0.1 −0.0 −0.0 n/a
Free cash flow −11.8 −6.5 −5.6 −7.9 −4.7 −9.2 −6.8 −4.2 −7.5 n/a
Growth
Dividends paid n/a n/a n/a 0.0 n/a n/a n/a n/a 0.0 −4.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash9.5Shareholders’ equity7.1Fiscal year 2017Cash3.2Shareholders’ equity2.6Fiscal year 2018Cash3.2Shareholders’ equity5.0Fiscal year 2019Cash6.9Shareholders’ equity1.0Fiscal year 2020Cash12.0Shareholders’ equity12.3Fiscal year 2021Cash7.5Shareholders’ equity10.2Fiscal year 2022Cash5.4Shareholders’ equity10.6Fiscal year 2023Cash2.9Shareholders’ equity3.3Fiscal year 2024Cash0.4Shareholders’ equity−0.1Fiscal year 2025Cash8.0Shareholders’ equity−631.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 9.5 3.2 3.2 6.9 12.0 7.5 5.4 2.9 0.4 8.0
Shareholders’ equity 7.1 2.6 5.0 1.0 12.3 10.2 10.6 3.3 −0.1 −631.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
79.3% 84.7% 88.0% 73.7% 60.0% 63.8% 54.0% 58.2% 66.3% n/a
−92.3% −40.1% −62.9% −142.4% −64.7% −86.8% −100.1% −39.2% −75.4% n/a
−110.5% −40.6% −52.3% −146.3% −111.1% −57.1% −73.6% −92.2% n/a n/a
−110.5% −40.6% −52.3% −146.4% −111.1% −57.1% −73.6% −92.2% −73.8% n/a
−99.4% −35.7% −44.9% −120.4% −47.8% −90.6% −47.0% −39.7% −76.7% n/a
Spending
11.5% 2.2% 2.1% 2.8% 2.9% 0.4% 1.2% 0.3% 0.4% n/a
60.8% 47.4% 46.6% 80.5% 59.7% 71.0% 52.0% 52.1% 75.4% n/a
1.3% 1.3% 0.4% 0.3% 0.3% 0.5% 0.8% 0.2% 0.1% n/a
Returns
−185.2% −285.4% −132.1% −992.6% −89.6% −57.3% −100.5% −290.9% n/a n/a
−85.5% −73.4% −69.9% −86.1% −72.4% −24.3% −64.7% −106.7% −211.0% −6,981.5%
Balance and payout
53.8% 74.3% 47.1% 91.3% 19.2% 57.6% 35.6% 63.3% 103.8% 7,089.1%