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| Date | Value |
|---|---|
| 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 |