Filing Flows › Stablecoin Development (SDEV) › Q1 2026
Stablecoin Development (SDEV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Stablecoin Development (SDEV) reported revenue of $2.5M for the first quarter 2026 (Q1 2026). Operating margin was 905.0%.
Stablecoin Development, Q1 2026: revenue $2.5M, operating margin 905.0%, net earnings $552M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | — | — |
| Operating profit | $22.3M | — | — |
| Net earnings | $552M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $2.5M in Q1 2026.
Operating profit was $22.3M, a 905.0% margin. Net earnings were $552.4M. The effective tax rate was 0.6%. Non-operating items added $533.6M, 96% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.8M. Working capital and other items used $554.2M.
Questions
What was Stablecoin Development's revenue in the first quarter 2026?
Stablecoin Development (SDEV) reported revenue of $2.5M for the first quarter 2026 (Q1 2026).
Was Stablecoin Development profitable in the first quarter 2026?
Operating profit was $22.3M (905.0% of revenue) and net earnings $552M.