Stablecoin Development (SDEV) Operating Expenses (2010 - 2026)
Stablecoin Development's (SDEV) quarterly Operating Expenses came in at $2.8 million in Q1 2026, up 119.41% on a QoQ basis from $1.3 million in Q3 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.
- On a quarterly basis, Operating Expenses changed N/A year-over-year to $2.8 million in Q1 2026; TTM through Mar 2026 was $4.1 million, a 62.5% decrease from a year earlier, with the FY2024 full-year figure at $12.3 million, up 20.95% from the prior year.
- Operating Expenses for Q1 2026 stood at $2.8 million, up from $1.3 million in the prior quarter.
- Over the last five years, Operating Expenses for SDEV reached as high as $11.2 million in Q4 2022 and fell as low as $1.3 million in Q3 2025.
- Historically, Operating Expenses has averaged $3.7 million across 5 years, with a median of $2.8 million in 2022.
- Across the five-year window, Operating Expenses sank 81.3% in 2023 and surged 220.85% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $11.2 million in 2022, then sank by 81.3% to $2.1 million in 2023, then jumped by 220.85% to $6.7 million in 2024, then tumbled by 80.65% to $1.3 million in 2025, then surged by 119.41% to $2.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $2.8 million in Q1 2026, $1.3 million in Q3 2025, and $6.7 million in Q4 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Stablecoin Development | 30.46 Mn | 12.05 Mn | - | 2.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.85 Mn |
| Sep 30, 2025 | 1.30 Mn |
| Dec 31, 2024 | 6.71 Mn |
| Sep 30, 2024 | 1.70 Mn |
| Jun 30, 2024 | 2.65 Mn |
| Mar 31, 2024 | 4.23 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 |
| Mar 31, 2021 | 2.87 Mn |
| Dec 31, 2020 | 2.83 Mn |
| Sep 30, 2020 | 3.70 Mn |