Stablecoin Development SDEV
NYSE SDEV
$1.03 +0.20 (+24.10%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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