Stablecoin Development (SDEV) Operating Expenses (2010 - 2026)

Stablecoin Development (SDEV) reported Operating Expenses of $2.8 million for Q1 2026, down 13.43% year-over-year from $3.3 million in Q1 2025, and up 45.31% quarter-over-quarter from $2.0 million in Q4 2025.

Stablecoin Development (SDEV) Operating Expenses (2010 - 2026) Analysis & Trends

Stablecoin Development (SDEV) has 17 years of Operating Expenses data on file, last reported at $2.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $2.8 million, down 13.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.0 million (down 4.55% YoY), and the FY2025 annual result was $8.4 million, up 14.37% from the prior year.
  • Operating Expenses advanced to $2.8 million in Q1 2026 per SDEV's latest filing, from $2.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $11.2 million in Q4 2022 and troughed at $1.3 million in Q3 2025.
  • A 5-year average of $3.0 million and a median of $2.4 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 129.5% in 2022, then tumbled 81.3% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $11.2 million in 2022, then plunged by 81.3% to $2.1 million in 2023, then fell by 15.45% to $1.8 million in 2024, then grew by 10.86% to $2.0 million in 2025, then jumped by 45.31% to $2.8 million in 2026.
  • Business Quant data shows SDEV's Operating Expenses at $2.8 million in Q1 2026, $2.0 million in Q4 2025, and $1.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 3.88 Bn
2 Blackstone 96.40 Bn 95.35 Bn - 2.26 Bn
3 Kkr 85.87 Bn 133.39 Bn - 3.87 Bn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 4.68 Bn
5 State Street 46.62 Bn 20.95 Bn - 2.81 Bn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 3.67 Bn
7 Northern Trust 32.35 Bn 32.35 Bn - 1.51 Bn
8 Ares Management 30.25 Bn 33.62 Bn - 1.17 Bn
9 Raymond James Financial 30.24 Bn 18.99 Bn - 3.12 Bn
10 Stablecoin Development 26.28 Mn 7.87 Mn - 2.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.85 Mn
Dec 31, 2025 1.96 Mn
Sep 30, 2025 1.30 Mn
Jun 30, 2025 1.89 Mn
Mar 31, 2025 3.29 Mn
Dec 31, 2024 1.77 Mn
Sep 30, 2024 1.70 Mn
Jun 30, 2024 1.62 Mn
Mar 31, 2024 2.29 Mn
Dec 31, 2023 2.09 Mn
Sep 30, 2023 2.36 Mn
Jun 30, 2023 2.79 Mn
Mar 31, 2023 2.95 Mn
Dec 31, 2022 11.18 Mn
Sep 30, 2022 2.83 Mn
Jun 30, 2022 3.99 Mn
Mar 31, 2022 4.20 Mn
Dec 31, 2021 4.87 Mn
Sep 30, 2021 3.84 Mn
Jun 30, 2021 3.38 Mn