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Stablecoin Development vs SHF Holdings: SDEV and SHFS compared
Stablecoin Development is the larger company: $2.1M of revenue in its latest quarter (Q3 2026) against $1.9M for SHF Holdings (Q2 2026).
Where the money goes: SDEV and SHFS
Stablecoin Development (SDEV) · Q3 2026
Stablecoin Development, Q3 2026: revenue $2.1M, net earnings $50.4M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
SHF Holdings (SHFS) · Q2 2026
SHF Holdings, Q2 2026: revenue $1.9M (+5% year over year), operating margin -53.0%, net loss $1.5M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Stablecoin Development (SDEV) | SHF Holdings (SHFS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.1M | $1.9M |
| Revenue growth, Y/Y | — | +5% |
| Operating margin | n/m | -53.0% |
| Net earnings | $50.4M | −$1.5M |
| Net margin | — | -78.2% |
| Operating cash flow | −$1.1M | −$1.8M |
Where the revenue comes from
SHF Holdings
- Loan Program Income: $838K (43%)
- Account Fee Income: $824K (43%)
- Investments Income: $258K (13%)
- Safe Harbor Program Income: $15K (1%)
Questions
Which is bigger, Stablecoin Development or SHF Holdings?
Stablecoin Development is the larger company: $2.1M of revenue in its latest quarter (Q3 2026) against $1.9M for SHF Holdings (Q2 2026).
More: Stablecoin Development earnings · how Stablecoin Development makes money · SHF Holdings earnings · how SHF Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.