Stablecoin Development (SDEV) Gross Margin (2013 - 2025)
Stablecoin Development's (SDEV) quarterly Gross Margin came in at 251.14% in Q4 2025, down 31740.0% year-over-year from N/an in Q4 2024, and down 3215.29% quarter-over-quarter from 8.06% in Q3 2025.
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Analysis
Stablecoin Development (SDEV) Gross Margin (2013 - 2025) Analysis & Trends
Stablecoin Development (SDEV) has reported Gross Margin for 13 consecutive years, with 251.14% the latest figure, recorded in Q4 2025.
- On a quarterly basis, Gross Margin fell 31740.0% year-over-year to 251.14% in Q4 2025; TTM through Dec 2025 was 58.0%, a 862.0% decrease from a year earlier, with the FY2025 full-year figure at 60.74%, down 552.0% from the prior year.
- Gross Margin was 251.14% for Q4 2025 at Stablecoin Development, down from 8.06% in the prior quarter.
- Over five years, Gross Margin peaked at 74.82% in Q1 2021 and troughed at 251.14% in Q4 2025.
- A 5-year average of 40.73% and a median of 58.97% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 2242 bps in 2021 and sank 31740 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 52.88% in 2021, then retreated by 9 bps to 48.17% in 2022, then advanced by 7 bps to 51.55% in 2023, then increased by 29 bps to 66.26% in 2024, then slumped by 479 bps to 251.14% in 2025.
- The last three Gross Margin figures came in at 251.14% (Q4 2025), 8.06% (Q3 2025), and 55.86% (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 94.04 Bn | 96.47 Bn | - | - |
| 2 | Kkr | 88.71 Bn | -188.36 Bn | - | - |
| 3 | Brookfield | 84.30 Bn | 53.74 Bn | 19.38 Bn | 99.89% |
| 4 | Brookfield Asset Management | 73.57 Bn | 73.30 Bn | - | - |
| 5 | Apollo Global Management | 72.51 Bn | 67.61 Bn | 10.54 Bn | 94.50% |
| 6 | Wheaton Precious Metals | 68.51 Bn | 68.41 Bn | 687.86 Mn | 74.03% |
| 7 | Franco Nevada | 51.37 Bn | 49.83 Bn | 451.00 Mn | 77.64% |
| 8 | Ares Management | 44.61 Bn | 49.53 Bn | - | - |
| 9 | Tpg | 18.17 Bn | 19.73 Bn | - | - |
| 10 | Stablecoin Development | 31.98 Mn | 25.01 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -251.14% |
| Sep 30, 2025 | 8.06% |
| Mar 31, 2025 | 55.86% |
| Dec 31, 2024 | 66.26% |
| Jun 30, 2024 | 66.33% |
| Mar 31, 2024 | 68.19% |
| Dec 31, 2023 | 51.55% |
| Sep 30, 2023 | 66.99% |
| Jun 30, 2023 | 49.21% |
| Mar 31, 2023 | 68.41% |
| 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% |
API Access
Stablecoin Development Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SDEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SDEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SDEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();