Stablecoin Development (SDEV) Payables (2010 - 2026)
Stablecoin Development (SDEV) reported Payables of $1.98 million for Q1 2026, up 147.3% from $800,000 a year earlier and up 669.6% from the prior quarter.
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Analysis
Stablecoin Development (SDEV) Payables (2010 - 2026) Analysis & Trends
At the end of FY2025, Stablecoin Development posted Payables of $257,000, down 57.8% from FY2024.
- Payables has declined for three consecutive years, with a five-year compound annual growth rate of -3.2% (FY2020 to FY2025).
- By year, Payables came in at $609,000 in FY2024 (-32.8%), $906,000 in FY2023 (-16.1%), $1.08 million in FY2022 (+3.3%) and $1.05 million in FY2021 (+246.0%).
- The Q1 2026 figure ranks as the highest quarterly Payables since Q4 2015.
- Year over year, Payables gained in 1 of the last eight quarters, with an average decline of 22.3%.
- The high point for year-over-year Payables in five years was Q2 2022 (growth of 347.1%); the low point was Q2 2021 (a decline of 85.1%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $257,000 (Q4 2025), $76,000 (Q3 2025) and $604,000 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.55 Bn | 131.07 Bn | - | 1.98 Bn |
| 2 | Spdr Gold Trust | 136.66 Bn | -421.34 Bn | - | - |
| 3 | Blackstone | 99.46 Bn | 89.44 Bn | - | 3.10 Bn |
| 4 | Brookfield | 95.73 Bn | -87.59 Bn | - | 54.49 Bn |
| 5 | Kkr | 88.30 Bn | 8.45 Bn | - | 20.05 Bn |
| 6 | Brookfield Asset Management | 86.25 Bn | 81.06 Bn | - | 2.18 Bn |
| 7 | Apollo Global Management | 73.37 Bn | -12.79 Bn | 4.14 Bn | 4.42 Bn |
| 8 | Wheaton Precious Metals | 65.10 Bn | 60.52 Bn | 687.86 Mn | 15.75 Mn |
| 9 | Franco Nevada | 50.67 Bn | 48.04 Bn | 451.00 Mn | 38.60 Mn |
| 10 | Stablecoin Development | 163.36 Mn | 122.87 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.98 Mn |
| Dec 31, 2025 | 257,000.00 |
| Sep 30, 2025 | 76,000.00 |
| Jun 30, 2025 | 604,000.00 |
| Mar 31, 2025 | 800,000.00 |
| Dec 31, 2024 | 609,000.00 |
| Sep 30, 2024 | 396,000.00 |
| Jun 30, 2024 | 1.24 Mn |
| Mar 31, 2024 | 1.12 Mn |
| Dec 31, 2023 | 906,000.00 |
| Sep 30, 2023 | 947,000.00 |
| Jun 30, 2023 | 1.48 Mn |
| Mar 31, 2023 | 1.15 Mn |
| Dec 31, 2022 | 1.08 Mn |
| Sep 30, 2022 | 1.10 Mn |
| Jun 30, 2022 | 930,000.00 |
| Mar 31, 2022 | 1.56 Mn |
| Dec 31, 2021 | 1.05 Mn |
| Sep 30, 2021 | 1.35 Mn |
| Jun 30, 2021 | 208,000.00 |
API Access
Stablecoin Development Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=SDEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "SDEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=SDEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();