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| Date | Value |
|---|---|
| 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 |