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