Stablecoin Development (SDEV) Operating Expenses (2010 - 2026)
Stablecoin Development's (SDEV) quarterly Operating Expenses came in at $5.4 million in Q2 2026, up 90.2% quarter-over-quarter from $2.8 million in Q1 2026.
Analysis
Stablecoin Development (SDEV) Operating Expenses (2010 - 2026) Analysis & Trends
Stablecoin Development (SDEV) has reported Operating Expenses for 17 consecutive years, with $5.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses changed N/A year-over-year to $5.4 million in Q2 2026; TTM through Jun 2026 was $16.3 million, a N/A change from a year earlier, with the FY2024 full-year figure at $12.3 million, up 20.95% from the prior year.
- Operating Expenses was $5.4 million for Q2 2026 at Stablecoin Development, up from $2.8 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 $3.8 million and a median of $2.8 million in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 81.3% in 2023 and soared 220.85% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $11.2 million in 2022, then sank by 81.3% to $2.1 million in 2023, then soared by 220.85% to $6.7 million in 2024, then tumbled by 80.65% to $1.3 million in 2025, then soared by 317.33% to $5.4 million in 2026.
- The last three Operating Expenses figures came in at $5.4 million (Q2 2026), $2.8 million (Q1 2026), and $1.3 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 102.43 Bn | 104.87 Bn | - | 2.38 Bn |
| 2 | Kkr | 96.71 Bn | -180.36 Bn | - | 5.41 Bn |
| 3 | Brookfield | 90.53 Bn | 59.96 Bn | 19.38 Bn | -14.94 Bn |
| 4 | Brookfield Asset Management | 80.84 Bn | 80.57 Bn | - | 659.00 Mn |
| 5 | Apollo Global Management | 76.99 Bn | 72.09 Bn | 10.54 Bn | 8.74 Bn |
| 6 | Wheaton Precious Metals | 70.37 Bn | 70.27 Bn | 687.86 Mn | 133.83 Mn |
| 7 | Franco Nevada | 51.31 Bn | 49.77 Bn | 451.00 Mn | 5.30 Mn |
| 8 | Ares Management | 50.50 Bn | 55.42 Bn | - | 1.18 Bn |
| 9 | Tpg | 20.58 Bn | 22.14 Bn | - | 1.50 Bn |
| 10 | Stablecoin Development | 27.63 Mn | 20.66 Mn | - | 5.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.42 Mn |
| 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 |