Stablecoin Development (SDEV) Gross Margin (2013 - 2025)
Stablecoin Development (SDEV) reported Gross Margin of 8.06% for Q3 2025, down 87.83% quarter-over-quarter from 66.26% in Q4 2024.
Stablecoin Development (SDEV) Gross Margin (2013 - 2025) Analysis & Trends
Stablecoin Development (SDEV) has 13 years of Gross Margin data on file, last reported at 8.06% in Q3 2025.
- Gross Margin for Q3 2025 came in at 8.06%, changed N/A year-over-year; the trailing twelve-month figure through Sep 2025 was 78.77% (up 785.0% YoY), and the FY2024 annual result was 66.26%, up 807.0% from the prior year.
- Gross Margin retreated to 8.06% in Q3 2025 per SDEV's latest filing, from 66.26% in the prior quarter.
- Over five years, Gross Margin peaked at 100.0% in Q1 2023 and troughed at 8.06% in Q3 2025.
- A 5-year average of 61.96% and a median of 64.17% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 2102 bps in 2022, then jumped 4458 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 52.88% in 2021, then decreased by 9 bps to 48.17% in 2022, then climbed by 7 bps to 51.55% in 2023, then rose by 29 bps to 66.26% in 2024, then slumped by 88 bps to 8.06% in 2025.
- Business Quant data shows SDEV's Gross Margin at 8.06% in Q3 2025, 66.26% in Q4 2024, and 66.33% in Q2 2024.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | - |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | - |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 99.70% |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Stablecoin Development | 26.28 Mn | 7.87 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 8.06% |
| Dec 31, 2024 | 66.26% |
| Jun 30, 2024 | 66.33% |
| Mar 31, 2024 | 99.67% |
| Dec 31, 2023 | 51.55% |
| Sep 30, 2023 | 66.99% |
| Jun 30, 2023 | 49.21% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 48.17% |
| Sep 30, 2022 | 62.08% |
| Jun 30, 2022 | 50.19% |
| Mar 31, 2022 | 55.42% |
| Dec 31, 2021 | 52.88% |
| Sep 30, 2021 | 68.57% |
| Jun 30, 2021 | 71.21% |
| Mar 31, 2021 | 74.82% |
| Dec 31, 2020 | 56.94% |
| Sep 30, 2020 | 75.30% |
| Jun 30, 2020 | 48.80% |
| Mar 31, 2020 | 69.29% |