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Stablecoin Development (SDEV) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Stablecoin Development (SDEV) Q3 2026 earnings results →
Stablecoin Development made $2.1M in Q3 2026. Operating margin n/m, net earnings $50.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.1M in Q3 2026, down 3% from the previous quarter.
Operating profit was $56.0M, a 2615.0% margin. Net earnings were $50.4M. The effective tax rate was 10.0%.
Operating cash flow was −$1.1M. Working capital and other items used $51.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $2.1M | — | n/m | $50.4M | −$1.1M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $2.2M | — | n/m | −$41.1M | −$6.0M |
| Q1 2026 | 10-Q | May 15, 2026 | $2.5M | — | 905.0% | $552M | −$1.8M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $521K | — | -249.1% | −$1.3M | −$1.8M |
| Q4 2024 | 10-K | Apr 2, 2025 | $2.3M | +10% | -122.5% | −$1.2M | −$3.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Stablecoin Development
Stablecoin Development Corporation (NYSE American: SDEV) is an on-chain holding company focused on long-duration participation in protocol-aligned digital asset ecosystems and providing public market access to the stablecoin economy. The Company’s initial digital asset focus is the Sky Protocol ecosystem, with SKY as its core holding. Through staking and other on-chain activities, the Company seeks to generate protocol-level economic exposure while maintaining governance, risk management, and public-company discipline. The Company is headquartered in West Palm Beach, Florida. For more information, please visit www.stabledev.com.
In its own words, from its 8-K, filed Jul 31, 2026.
Stablecoin Development against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SDEV Stablecoin Development | Q3 2026 | $2.1M | — | n/m |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Stablecoin Development 10-Q on SEC EDGAR · CIK 1389545 · Finance Services
13F: who owns SDEV and who is buying
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q4 2024 results