Stablecoin Development (SDEV) Shares Outstanding (2010 - 2026)
Stablecoin Development (SDEV) recorded Shares Outstanding of 31.05 million in Q2 2026, compared with 1.16 million a year earlier and up 19.3% from the prior quarter.
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Analysis
Stablecoin Development (SDEV) Shares Outstanding (2010 - 2026) Analysis & Trends
For FY2025, Stablecoin Development reported Shares Outstanding of 5.82 million, up 756.9% from FY2024.
- Annual Shares Outstanding has a five-year compound annual growth rate of -3.7% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 679,200 in FY2024 (-19.4%), 843,000 in FY2023 (+161.8%), 322,000 in FY2022 (-96.3%) and 8.73 million in FY2021 (+24.5%).
- The Q2 2026 figure is the highest quarterly Shares Outstanding in data going back to Q4 2010.
- On a year-over-year basis, Shares Outstanding rose in three of the last six quarters, with growth averaging 183.4%.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 756.9% in Q4 2025, against a decline of 96.3% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.02 million (Q1 2026), 5.82 million (Q4 2025) and 1.18 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.75 Bn | 120.88 Bn | - | 155.20 Mn |
| 2 | Spdr Gold Trust | 137.39 Bn | -420.61 Bn | - | 361.94 Mn |
| 3 | Blackstone | 85.63 Bn | 75.61 Bn | - | 799.88 Mn |
| 4 | Brookfield | 81.94 Bn | -101.37 Bn | - | 2.25 Bn |
| 5 | Kkr | 77.88 Bn | -1.97 Bn | - | 895.59 Mn |
| 6 | Brookfield Asset Management | 72.12 Bn | 66.93 Bn | - | 1.60 Bn |
| 7 | Apollo Global Management | 65.73 Bn | -17.07 Bn | 10.56 Bn | 591.80 Mn |
| 8 | Wheaton Precious Metals | 59.93 Bn | 55.35 Bn | 687.86 Mn | 453.89 Mn |
| 9 | Franco Nevada | 46.57 Bn | 43.94 Bn | 451.00 Mn | 192.70 Mn |
| 10 | Stablecoin Development | 25.28 Mn | -10.36 Mn | - | 31.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.05 Mn |
| Mar 31, 2026 | 26.02 Mn |
| Dec 31, 2025 | 5.82 Mn |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 1.16 Mn |
| Mar 31, 2025 | 1.06 Mn |
| Dec 31, 2024 | 679,200.00 |
| Sep 30, 2024 | 742,000.00 |
| Jun 30, 2024 | 231,000.00 |
| Mar 31, 2024 | 4.93 Mn |
| Dec 31, 2023 | 843,000.00 |
| Sep 30, 2023 | 938,400.00 |
| Jun 30, 2023 | 635,200.00 |
| Mar 31, 2023 | 407,000.00 |
| Dec 31, 2022 | 322,000.00 |
| Sep 30, 2022 | 11.23 Mn |
| Jun 30, 2022 | 10.55 Mn |
| Mar 31, 2022 | 10.02 Mn |
| Dec 31, 2021 | 8.73 Mn |
| Sep 30, 2021 | 8.98 Mn |
API Access
Stablecoin Development Shares Outstanding 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=shares-outstanding&ticker=SDEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=SDEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();