Stablecoin Development (SDEV) Gross Margin (2013 - 2025)
Stablecoin Development's (SDEV) quarterly Gross Margin came in at 1.25% in Q4 2025, down 1673.0% year-on-year from 0.08% in Q4 2024, and down 115.54% on a QoQ basis from 8.06% in Q3 2025.
Stablecoin Development (SDEV) Gross Margin (2013 - 2025) Analysis & Trends
Stablecoin Development (SDEV) has 13 years of Gross Margin data on file, last reported at 1.25% in Q4 2025.
- On a quarterly basis, Gross Margin fell 1673.0% year-over-year to 1.25% in Q4 2025; TTM through Dec 2025 was 16.94%, a 1695.0% decrease from a year earlier, with the FY2025 full-year figure at 38.52%, up 2304.0% from the prior year.
- Gross Margin for Q4 2025 stood at 1.25%, down from 8.06% in the prior quarter.
- Over the last five years, Gross Margin for SDEV reached as high as 100.0% in Q1 2023 and fell as low as 1.25% in Q4 2025.
- Historically, Gross Margin has averaged 47.64% across 5 years, with a median of 52.22% in 2021.
- Across the five-year window, Gross Margin surged 4458 bps in 2023 and slumped 9054 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 52.88% in 2021, then declined by 9 bps to 48.17% in 2022, then rose by 7 bps to 51.55% in 2023, then tumbled by 70 bps to 15.48% in 2024, then slumped by 108 bps to 1.25% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 1.25% in Q4 2025, 8.06% in Q3 2025, and 10.85% in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 99.89% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -188.48% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 93.51% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Stablecoin Development | 30.46 Mn | 12.05 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.25% |
| Sep 30, 2025 | 8.06% |
| Mar 31, 2025 | 10.85% |
| Dec 31, 2024 | 15.48% |
| Jun 30, 2024 | 63.84% |
| Mar 31, 2024 | 9.46% |
| 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% |