Growth Metrics

Stablecoin Development (SDEV) Free Cash Flow (2010 - 2026)

Stablecoin Development (SDEV) reported Free Cash Flow of -$1.8 million for Q1 2026, down 36.25% year-over-year from -$2.8 million in Q1 2025, and up 20.7% on a QoQ basis from -$2.3 million in Q4 2025.

Stablecoin Development (SDEV) has 17 years of Free Cash Flow data on file, last reported at -$1.8 million in Q1 2026.

  • Quarterly Free Cash Flow fell 36.25% year-over-year to -$1.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$8.9 million (down 30.15% YoY) and the FY2025 annual result came in at -$8.4 million, down 12.36% from the prior year.
  • Free Cash Flow climbed to -$1.8 million in Q1 2026 per SDEV's latest filing, from -$2.3 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at -$647000.0 in Q3 2023 and bottomed at -$3.0 million in Q2 2025.
  • The 5-year median for Free Cash Flow is -$1.7 million (2023), against an average of -$1.7 million.
  • The widest annual swing landed in 2022, when Free Cash Flow jumped 72.05%; it then slumped 277.43% in 2024.
  • Tracing SDEV's Free Cash Flow over 5 years: stood at -$1.2 million in 2022, then surged by 40.03% to -$725000.0 in 2023, then sank by 131.72% to -$1.7 million in 2024, then plunged by 35.42% to -$2.3 million in 2025, then increased by 20.7% to -$1.8 million in 2026.
  • Per Business Quant, the three latest SDEV Free Cash Flow figures stand at -$1.8 million (Q1 2026), -$2.3 million (Q4 2025), and -$1.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Stablecoin Development 31.22 Mn 12.81 Mn - -1.80 Mn

Historic Data

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DateValue
Mar 31, 2026 -1.80 Mn
Mar 31, 2026 -1.80 Mn
Dec 31, 2025 -2.28 Mn
Dec 31, 2025 -2.28 Mn
Sep 30, 2025 -1.84 Mn
Sep 30, 2025 -1.84 Mn
Jun 30, 2025 -2.99 Mn
Jun 30, 2025 -2.99 Mn
Mar 31, 2025 -1.32 Mn
Mar 31, 2025 -1.32 Mn
Dec 31, 2024 -1.68 Mn
Dec 31, 2024 -1.68 Mn
Sep 30, 2024 -2.44 Mn
Sep 30, 2024 -2.44 Mn
Jun 30, 2024 -1.40 Mn
Jun 30, 2024 -1.40 Mn
Mar 31, 2024 -1.98 Mn
Mar 31, 2024 -1.98 Mn
Dec 31, 2023 -725,000.00
Dec 31, 2023 -725,000.00
Sep 30, 2023 -647,000.00
Sep 30, 2023 -647,000.00
Jun 30, 2023 -1.71 Mn
Jun 30, 2023 -1.71 Mn
Mar 31, 2023 -1.20 Mn
Mar 31, 2023 -1.20 Mn
Dec 31, 2022 -1.21 Mn
Dec 31, 2022 -1.21 Mn
Sep 30, 2022 -1.77 Mn
Sep 30, 2022 -1.77 Mn
Jun 30, 2022 -1.71 Mn
Jun 30, 2022 -1.71 Mn
Mar 31, 2022 -2.08 Mn
Mar 31, 2022 -2.08 Mn
Dec 31, 2021 -4.33 Mn
Dec 31, 2021 -4.33 Mn
Sep 30, 2021 -1.49 Mn
Sep 30, 2021 -1.49 Mn
Jun 30, 2021 -1.99 Mn
Jun 30, 2021 -1.99 Mn
Mar 31, 2021 -1.44 Mn
Mar 31, 2021 -1.44 Mn
Dec 31, 2020 -1.47 Mn
Dec 31, 2020 -1.47 Mn
Sep 30, 2020 -1.38 Mn
Sep 30, 2020 -1.38 Mn
Jun 30, 2020 -1.04 Mn
Jun 30, 2020 -1.04 Mn
Mar 31, 2020 -865,000.00
Mar 31, 2020 -865,000.00
Dec 31, 2019 -1.43 Mn
Dec 31, 2019 -1.43 Mn
Sep 30, 2019 -1.50 Mn
Sep 30, 2019 -1.50 Mn
Jun 30, 2019 -1.78 Mn
Jun 30, 2019 -1.78 Mn
Mar 31, 2019 -3.24 Mn
Mar 31, 2019 -3.24 Mn
Dec 31, 2018 -2.02 Mn
Dec 31, 2018 -2.02 Mn
Sep 30, 2018 -1.63 Mn
Sep 30, 2018 -1.63 Mn
Jun 30, 2018 -1.50 Mn
Jun 30, 2018 -1.50 Mn
Mar 31, 2018 -466,000.00
Mar 31, 2018 -466,000.00
Sep 30, 2017 -3.57 Mn
Sep 30, 2017 -3.57 Mn
Jun 30, 2017 -3.78 Mn
Jun 30, 2017 -3.78 Mn
Mar 31, 2017 -2.07 Mn
Mar 31, 2017 -2.07 Mn
Dec 31, 2016 -302,000.00
Dec 31, 2016 -302,000.00
Sep 30, 2016 -3.89 Mn
Sep 30, 2016 -3.89 Mn
Jun 30, 2016 -2.68 Mn
Jun 30, 2016 -2.68 Mn
Mar 31, 2016 -4.95 Mn
Mar 31, 2016 -4.95 Mn
Dec 31, 2015 -4.57 Mn
Dec 31, 2015 -4.57 Mn
Sep 30, 2015 -4.16 Mn
Sep 30, 2015 -4.16 Mn
Jun 30, 2015 -5.43 Mn
Jun 30, 2015 -5.43 Mn
Mar 31, 2015 -4.52 Mn
Mar 31, 2015 -4.52 Mn
Dec 31, 2014 -4.15 Mn
Dec 31, 2014 -4.15 Mn
Sep 30, 2014 -2.79 Mn
Sep 30, 2014 -2.79 Mn
Jun 30, 2014 -3.76 Mn
Jun 30, 2014 -3.76 Mn
Mar 31, 2014 -4.43 Mn
Mar 31, 2014 -4.43 Mn
Dec 31, 2013 -4.78 Mn
Dec 31, 2013 -4.78 Mn
Sep 30, 2013 -2.41 Mn
Sep 30, 2013 -2.41 Mn
Jun 30, 2013 -2.22 Mn
Jun 30, 2013 -2.22 Mn
Mar 31, 2013 -3.70 Mn
Mar 31, 2013 -3.70 Mn
Dec 31, 2012 -3.19 Mn
Dec 31, 2012 -3.19 Mn
Sep 30, 2012 208,000.00
Sep 30, 2012 208,000.00
Jun 30, 2012 -954,000.00
Jun 30, 2012 -954,000.00
Mar 31, 2012 -2.74 Mn
Mar 31, 2012 -2.74 Mn
Dec 31, 2011 -591,000.00
Dec 31, 2011 -591,000.00
Sep 30, 2011 781,000.00
Sep 30, 2011 781,000.00
Jun 30, 2011 -3.35 Mn
Jun 30, 2011 -3.35 Mn
Mar 31, 2011 -101,000.00
Mar 31, 2011 -101,000.00
Dec 31, 2010 2.06 Mn
Dec 31, 2010 2.06 Mn
Sep 30, 2010 -291,000.00
Sep 30, 2010 -291,000.00