Stablecoin Development (SDEV) Cost of Revenue (2013 - 2025)

Stablecoin Development (SDEV) reported Cost of Revenue of $479000.0 for Q3 2025, down 88.13% quarter-over-quarter from $4.0 million in Q4 2024.

Stablecoin Development (SDEV) Cost of Revenue (2013 - 2025) Analysis & Trends

Stablecoin Development (SDEV) has 13 years of Cost of Revenue data on file, last reported at $479000.0 in Q3 2025.

  • Cost of Revenue for Q3 2025 came in at $479000.0, changed N/A year-over-year; the trailing twelve-month figure through Sep 2025 was $5.5 million (up 61.47% YoY), and the FY2024 annual result was $4.0 million, down 14.26% from the prior year.
  • Cost of Revenue slipped to $479000.0 in Q3 2025 per SDEV's latest filing, from $4.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $4.0 million in Q4 2024 and troughed at -$2.3 million in Q4 2021.
  • A 5-year average of $1.1 million and a median of $1.1 million in 2023 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2021 and 2022: Cost of Revenue tumbled 219.57% in 2021, then soared 232.25% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at -$2.3 million in 2021, then soared by 183.8% to $1.9 million in 2022, then slipped by 28.39% to $1.4 million in 2023, then jumped by 198.37% to $4.0 million in 2024, then plunged by 88.13% to $479000.0 in 2025.
  • Business Quant data shows SDEV's Cost of Revenue at $479000.0 in Q3 2025, $4.0 million in Q4 2024, and $1.0 million in Q2 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 15.00 Mn
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 317.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Stablecoin Development 32.26 Mn 13.85 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2025 479,000.00
Sep 30, 2025 479,000.00
Dec 31, 2024 4.03 Mn
Dec 31, 2024 4.03 Mn
Jun 30, 2024 1.02 Mn
Jun 30, 2024 1.02 Mn
Mar 31, 2024 1.06 Mn
Mar 31, 2024 1.06 Mn
Dec 31, 2023 1.35 Mn
Dec 31, 2023 1.35 Mn
Sep 30, 2023 819,000.00
Sep 30, 2023 819,000.00
Jun 30, 2023 1.18 Mn
Jun 30, 2023 1.18 Mn
Mar 31, 2023 1.24 Mn
Mar 31, 2023 1.24 Mn
Dec 31, 2022 1.89 Mn
Dec 31, 2022 1.89 Mn
Sep 30, 2022 1.45 Mn
Sep 30, 2022 1.45 Mn