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
DateValue
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%