Filing Flows › Stablecoin Development (SDEV) › Q4 2024
Stablecoin Development (SDEV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 2, 2025
Stablecoin Development (SDEV) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and -5% from the quarter before. Operating margin was -122.5%, net loss $1.2M (52.5% of revenue).
Stablecoin Development, Q4 2024: revenue $2.3M (+10% year over year), operating margin -122.5%, net loss $1.2M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | -5% | +10% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$3.3M | — | — |
What changed
Revenue was $2.3M in Q4 2024, up 10% year over year and down 5% from the previous quarter.
Gross margin was 65.0%, up 13.5 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -122.5%. Operating expenses grew 107% against revenue growth of 10%. The fastest-growing cost line was General & admin (+66%). The quarter ended with a net loss of $1.2M, wider than the previous quarter's $1.2M loss. Non-operating items added $1.6M, -133% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.3M. Non-cash charges added back $160K of depreciation and amortization and $11K of share-based compensation. Working capital and other items used $2.2M.
Questions
What was Stablecoin Development's revenue in the fourth quarter 2024?
Stablecoin Development (SDEV) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and -5% from the quarter before.
Was Stablecoin Development profitable in the fourth quarter 2024?
Operating loss was $2.8M (-122.5% of revenue) and net loss $1.2M.