Stablecoin Development SDEV
NYSE SDEV
$1.14 +0.02 (+1.79%)
At close: Aug 21, 2026 · 4:00 PM EDT

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

Stablecoin Development (SDEV) posted quarterly Cost of Revenue of -$309000.0 for 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.

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.

  • In Q4 2025, Cost of Revenue fell 109.36% year-over-year to -$309000.0; the TTM figure through Dec 2025 stood at $415000.0 (down 91.55% YoY), while the FY2025 annual figure was $170000.0, down 94.85% from the prior year.
  • Cost of Revenue retreated to -$309000.0 in Q4 2025 per SDEV's latest filing, from $479000.0 in the prior quarter.
  • Across five years, Cost of Revenue topped out at $3.3 million in Q4 2024 and bottomed at -$309000.0 in Q4 2025.
  • Historically, Cost of Revenue has averaged $1.1 million across 5 years, with a median of $838000.0 in 2023.
  • Annual changes were most pronounced in 2024 — Cost of Revenue surged 224.17% — and 2025, when it tumbled 109.36%.
  • Stablecoin Development's Cost of Revenue stood at $1.5 million in 2021, then climbed by 26.29% to $1.9 million in 2022, then tumbled by 46.08% to $1.0 million in 2023, then soared by 224.17% to $3.3 million in 2024, then sank by 109.36% to -$309000.0 in 2025.
  • Business Quant data shows SDEV's Cost of Revenue at -$309000.0 in Q4 2025, $479000.0 in Q3 2025, and $245000.0 in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 BlackRock 179.54 Bn 165.67 Bn - -
2 Blackstone 114.83 Bn 112.32 Bn - -
3 Kkr 97.26 Bn -179.81 Bn - -
4 Brookfield 93.07 Bn 45.66 Bn - -
5 Brookfield Asset Management 83.46 Bn 81.96 Bn - -
6 Apollo Global Management 78.41 Bn 53.04 Bn 10.54 Bn 613.00 Mn
7 State Street 51.66 Bn 51.66 Bn - -
8 Ameriprise Financial 51.12 Bn 40.07 Bn 4.72 Bn 294.00 Mn
9 Raymond James Financial 33.99 Bn 20.74 Bn - -
10 Stablecoin Development 38.34 Mn 31.38 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 -309,000.00
Dec 31, 2025 -309,000.00
Sep 30, 2025 479,000.00
Sep 30, 2025 479,000.00
Mar 31, 2025 75,000.00
Mar 31, 2025 75,000.00
Dec 31, 2024 147,000.00
Dec 31, 2024 147,000.00
Jun 30, 2024 857,000.00
Jun 30, 2024 857,000.00
Mar 31, 2024 82,000.00
Mar 31, 2024 82,000.00
Dec 31, 2023 1.02 Mn
Dec 31, 2023 1.02 Mn
Sep 30, 2023 819,000.00
Sep 30, 2023 819,000.00
Jun 30, 2023 1.80 Mn
Jun 30, 2023 1.80 Mn
Mar 31, 2023 739,000.00
Mar 31, 2023 739,000.00