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
DateValue
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