Stablecoin Development (SDEV) Cost of Revenue (2013 - 2025)
Stablecoin Development's (SDEV) quarterly Cost of Revenue came in at -$309000.0 in Q4 2025, down 109.36% year-over-year from $3.3 million in Q4 2024, and down 164.51% quarter-over-quarter from $479000.0 in Q3 2025.
Analysis
Stablecoin Development (SDEV) Cost of Revenue (2013 - 2025) Analysis & Trends
Stablecoin Development (SDEV) has reported Cost of Revenue for 13 consecutive years, with -$309000.0 the latest figure, recorded in Q4 2025.
- On a quarterly basis, Cost of Revenue fell 109.36% year-over-year to -$309000.0 in Q4 2025; TTM through Dec 2025 was $415000.0, a 91.61% decrease from a year earlier, with the FY2025 full-year figure at $170000.0, down 94.85% from the prior year.
- Cost of Revenue was -$309000.0 for Q4 2025 at Stablecoin Development, down from $479000.0 in the prior quarter.
- Over five years, Cost of Revenue peaked at $3.3 million in Q4 2024 and troughed at -$309000.0 in Q4 2025.
- A 5-year average of $1.1 million and a median of $828000.0 in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 224.17% in 2024 and plunged 109.36% in 2025, its largest moves.
- Over 5 years, Cost of Revenue stood at $1.5 million in 2021, then gained by 26.29% to $1.9 million in 2022, then tumbled by 46.08% to $1.0 million in 2023, then jumped by 224.17% to $3.3 million in 2024, then sank by 109.36% to -$309000.0 in 2025.
- The last three Cost of Revenue figures came in at -$309000.0 (Q4 2025), $479000.0 (Q3 2025), and $245000.0 (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 94.04 Bn | 96.47 Bn | - | - |
| 2 | Kkr | 88.71 Bn | -188.36 Bn | - | - |
| 3 | Brookfield | 84.30 Bn | 53.74 Bn | 19.38 Bn | 22.00 Mn |
| 4 | Brookfield Asset Management | 73.57 Bn | 73.30 Bn | - | - |
| 5 | Apollo Global Management | 72.51 Bn | 67.61 Bn | 10.54 Bn | 613.00 Mn |
| 6 | Wheaton Precious Metals | 68.51 Bn | 68.41 Bn | 687.86 Mn | 241.35 Mn |
| 7 | Franco Nevada | 51.37 Bn | 49.83 Bn | 451.00 Mn | 45.90 Mn |
| 8 | Ares Management | 44.61 Bn | 49.53 Bn | - | - |
| 9 | Tpg | 18.17 Bn | 19.73 Bn | - | - |
| 10 | Stablecoin Development | 31.98 Mn | 25.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -309,000.00 |
| Sep 30, 2025 | 479,000.00 |
| Mar 31, 2025 | 245,000.00 |
| Dec 31, 2024 | 3.30 Mn |
| Jun 30, 2024 | 808,000.00 |
| Mar 31, 2024 | 837,000.00 |
| Dec 31, 2023 | 1.02 Mn |
| Sep 30, 2023 | 819,000.00 |
| Jun 30, 2023 | 1.80 Mn |
| Mar 31, 2023 | 739,000.00 |
| Dec 31, 2022 | 1.89 Mn |
| Sep 30, 2022 | 1.45 Mn |
| Jun 30, 2022 | 1.82 Mn |
| Mar 31, 2022 | 1.46 Mn |
| Dec 31, 2021 | 1.50 Mn |
| Sep 30, 2021 | 712,000.00 |
| Jun 30, 2021 | 614,000.00 |
| Mar 31, 2021 | 455,000.00 |
| Dec 31, 2020 | 813,000.00 |
| Sep 30, 2020 | 536,000.00 |