Stablecoin Development (SDEV) Accumulated Expenses (2015 - 2026)
Stablecoin Development (SDEV) recorded Accumulated Expenses of $270,000 in Q2 2026, down 73.5% from $1.02 million a year earlier and down 76.0% from the prior quarter.
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Analysis
Stablecoin Development (SDEV) Accumulated Expenses (2015 - 2026) Analysis & Trends
At the end of FY2025, Stablecoin Development reported Accumulated Expenses of $396,000, down 31.8% from FY2024.
- Annual Accumulated Expenses has declined for three straight years, with a five-year compound annual growth rate of -28.5% (FY2020 to FY2025).
- Across earlier years, Accumulated Expenses came in at $581,000 in FY2024 (-50.3%), $1.17 million in FY2023 (-57.1%), $2.72 million in FY2022 (+30.2%) and $2.09 million in FY2021 (-1.1%).
- The Q2 2026 figure is the lowest quarterly Accumulated Expenses in data going back to Q4 2015.
- On a year-over-year basis, Accumulated Expenses has declined for five consecutive quarters, with an average decline of 30.2% over the last eight quarters.
- Peak year-over-year performance for Accumulated Expenses in the last five years was growth of 63.6% in Q3 2022, against a decline of 73.5% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.13 million (Q1 2026), $396,000 (Q4 2025) and $807,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 174.92 Bn | 121.05 Bn | - |
| 2 | Spdr Gold Trust | 136.71 Bn | -421.29 Bn | - |
| 3 | Blackstone | 88.22 Bn | 78.20 Bn | - |
| 4 | Brookfield | 83.92 Bn | -99.40 Bn | - |
| 5 | Kkr | 79.85 Bn | -3.72 Mn | - |
| 6 | Brookfield Asset Management | 73.42 Bn | 68.22 Bn | - |
| 7 | Apollo Global Management | 65.92 Bn | -16.87 Bn | 10.56 Bn |
| 8 | Wheaton Precious Metals | 59.50 Bn | 54.92 Bn | 687.86 Mn |
| 9 | Franco Nevada | 46.38 Bn | 43.74 Bn | 451.00 Mn |
| 10 | Stablecoin Development | 27.64 Mn | -8.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 270,000.00 |
| Mar 31, 2026 | 1.13 Mn |
| Dec 31, 2025 | 396,000.00 |
| Sep 30, 2025 | 807,000.00 |
| Jun 30, 2025 | 1.02 Mn |
| Mar 31, 2025 | 1.78 Mn |
| Dec 31, 2024 | 581,000.00 |
| Sep 30, 2024 | 1.15 Mn |
| Jun 30, 2024 | 1.30 Mn |
| Mar 31, 2024 | 1.27 Mn |
| Dec 31, 2023 | 1.17 Mn |
| Sep 30, 2023 | 1.87 Mn |
| Jun 30, 2023 | 2.76 Mn |
| Mar 31, 2023 | 2.81 Mn |
| Dec 31, 2022 | 2.72 Mn |
| Sep 30, 2022 | 2.17 Mn |
| Jun 30, 2022 | 2.26 Mn |
| Mar 31, 2022 | 2.72 Mn |
| Dec 31, 2021 | 2.09 Mn |
| Sep 30, 2021 | 1.33 Mn |
API Access
Stablecoin Development Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SDEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "SDEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SDEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();