NYSEAMERICAN : SDEV
Stablecoin Development Corporation — Financial statements
Industrials · Aerospace & Defense · United States
Last price 1.015 USD (Oct 30, 2026, 10:22 AM EDT) · Market cap 51.37M
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Financial statements
Stablecoin Development Corporation (SDEV) reported revenue of 37.16M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.29M | 10.46M | 14.37M | 10.18M | ||
| Other Revenue | 30.87M | 30.00K | 24.00K | |||
| Revenue | 37.16M | 10.46M | 14.40M | 10.20M | ||
| Cost of Revenue | -479.00K | 4.37M | 6.62M | 3.69M | ||
| Gross Profit | 37.64M | 6.08M | 7.78M | 6.51M | ||
| Selling, General & Admin | 15.05M | 7.58M | 7.38M | 10.15M | 15.29M | 15.33M |
| Research & Development | 34.00K | 174.00K | 44.00K | |||
| Operating Expenses | 15.05M | 7.58M | 7.38M | 10.19M | 15.46M | 15.38M |
| Operating Income | 22.58M | -7.58M | -7.38M | -4.10M | -7.68M | -8.86M |
| Interest Expense | -184.00K | -277.00K | -904.00K | -1.69M | ||
| Other Non Operating Income (Expenses) | 518.45M | -24.51M | -467.00K | -389.00K | 3.25M | 3.04M |
| EBT Excluding Unusual Items | 540.85M | -32.37M | -8.75M | -6.18M | -4.43M | -5.82M |
| Impairment of Goodwill | -4.18M | |||||
| Asset Writedown | -178.00K | -854.00K | -2.56M | |||
| Other Unusual Items | 40.00K | 561.00K | ||||
| Pretax Income | 540.67M | -33.22M | -8.75M | -6.14M | -10.61M | -5.82M |
| Income Tax Expense | 5.57M | |||||
| Earnings From Continuing Operations | 535.10M | -33.22M | -8.75M | -6.14M | -10.61M | -5.82M |
| Earnings From Discontinued Operations | -1.00K | 11.08M | 1.53M | -3.50M | ||
| Net Income | 535.10M | -22.14M | -7.22M | -9.64M | -10.61M | -5.82M |
| Preferred Dividends & Other Adjustments | 1.39M | 7.06M | 5.66M | 735.00K | ||
| Net Income to Common | 535.10M | -22.14M | -8.61M | -16.70M | -16.27M | -6.56M |
| Shares Outstanding (Basic) | 131.43M | 5.82M | 679.00K | 24.00K | ||
| Shares Outstanding (Diluted) | 163.81M | 5.82M | 679.00K | 24.00K | ||
| EPS (Basic) | 4.07 | -3.80 | -12.68 | -695.71 | ||
| EPS (Diluted) | 3.26 | -3.80 | -12.68 | -695.71 | ||
| Free Cash Flow | -11.18M | 2.70M | -4.20M | -4.65M | -6.77M | -9.24M |
| Free Cash Flow Per Share | -0.07 | 0.46 | -6.18 | -193.88 | ||
| Gross Margin | 101.29% | 58.19% | 54.02% | 63.85% | ||
| Operating Margin | 60.77% | -39.23% | -53.32% | -86.85% | ||
| Profit Margin | 1,440.11% | -159.70% | -112.92% | -64.28% | ||
| Free Cash Flow Margin | -30.09% | -44.51% | -46.97% | -90.59% | ||
| EBITDA | -7.58M | -7.34M | -4.05M | -7.20M | -8.74M | |
| EBITDA Margin | -38.75% | -49.96% | -85.68% | |||
| D&A For EBITDA | 6.67K | 40.00K | 51.00K | 483.00K | 119.00K | |
| EBIT | 22.58M | -7.58M | -7.38M | -4.10M | -7.68M | -8.86M |
| EBIT Margin | 60.77% | -39.23% | -53.32% | -86.85% | ||
| Revenue as Reported | 10.46M | 14.40M | 10.20M | |||
| Advertising Expenses | 1.10M | 2.00M | 3.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.15M | 7.96M | 430.00K | 2.92M | 5.36M | 7.50M |
| Cash & Short-Term Investments | 7.15M | 7.96M | 430.00K | 2.92M | 5.36M | 7.50M |
| Accounts Receivable | 680.00K | 1.97M | 1.67M | |||
| Receivables | 680.00K | 1.97M | 1.67M | |||
| Inventory | 501.00K | 3.65M | 3.59M | |||
| Prepaid Expenses | 673.00K | 299.00K | 48.00K | 256.00K | 190.00K | 272.00K |
| Other Current Assets | 418.00K | 1.46M | 2.79M | 159.00K | 138.00K | |
| Total Current Assets | 7.83M | 8.68M | 1.94M | 7.15M | 11.33M | 13.17M |
| Property, Plant & Equipment | 955.00K | 1.38M | 1.95M | 604.00K | ||
| Goodwill | 348.00K | 4.53M | ||||
| Other Intangible Assets | 2.28M | 5.20M | ||||
| Other Long-Term Assets | 180.39M | 360.00K | 533.00K | 497.00K | 489.00K | 476.00K |
| Total Assets | 188.22M | 9.04M | 3.42M | 9.03M | 16.40M | 23.98M |
| Accounts Payable | 257.00K | 109.00K | 906.00K | 1.08M | 1.04M | |
| Accrued Expenses | 455.00K | 149.00K | 581.00K | 1.17M | 917.00K | 803.00K |
| Short-Term Debt | 67.00K | 565.00K | 1.14M | 105.00K | ||
| Current Portion of Leases | 422.00K | 398.00K | 368.00K | 453.00K | 200.00K | |
| Current Income Taxes Payable | 247.00K | |||||
| Current Unearned Revenue | 1.81M | 1.29M | ||||
| Other Current Liabilities | 1.19M | 698.00K | ||||
| Total Current Liabilities | 455.00K | 1.14M | 2.84M | 4.28M | 4.26M | 3.44M |
| Long-Term Leases | 287.00K | 709.00K | 1.11M | 1.59M | 246.00K | |
| Other Long-Term Liabilities | 30.43M | 334.00K | 10.12M | |||
| Total Liabilities | 6.05M | 31.86M | 3.55M | 5.72M | 5.84M | 13.81M |
| Common Stock | 518.00K | 252.00K | 10.00K | 3.00K | 20.00K | 478.00K |
| Additional Paid-In Capital | 439.00M | 186.98M | 183.31M | 176.21M | 165.71M | 150.90M |
| Retained Earnings | -257.36M | -210.41M | -183.46M | -174.85M | -158.15M | -141.89M |
| Total Common Equity | 182.16M | -23.18M | -135.00K | 1.36M | 7.58M | 9.49M |
| Shareholders' Equity | 182.16M | -22.83M | -129.00K | 3.31M | 10.55M | 10.17M |
| Total Liabilities & Equity | 188.22M | 9.04M | 3.42M | 9.03M | 16.40M | 23.98M |
| Total Debt | 776.00K | 1.67M | 2.61M | 2.04M | 551.00K | |
| Net Cash (Debt) | 7.15M | 7.18M | -1.24M | 311.00K | 3.32M | 6.95M |
| Net Cash Per Share | 0.04 | 1.23 | -1.83 | 12.96 | ||
| Filing Date Shares Outstanding | 73.12M | 26.63M | 1.16M | 171.99K | 11.63K | |
| Total Common Shares Outstanding | 25.22M | 25.22M | 977.00K | 64.17K | 11.63K | |
| Working Capital | 7.37M | 7.53M | -908.00K | 2.88M | 7.08M | 9.73M |
| Book Value Per Share | 7.22 | -0.92 | -0.14 | 21.26 | 651.79 | |
| Tangible Book Value | 182.16M | -23.18M | -135.00K | 1.36M | 4.95M | -237.00K |
| Tangible Book Value Per Share | 7.22 | -0.92 | -0.14 | 21.26 | 425.84 | |
| Machinery | 608.00K | 589.00K | 755.00K | |||
| Leasehold Improvements | 152.00K | 152.00K | 79.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 535.10M | -22.14M | -7.22M | -9.64M | -10.61M | -5.82M |
| Depreciation & Amortization | 15.00K | 140.00K | 341.00K | 356.00K | 483.00K | 119.00K |
| Other Amortization | 167.00K | 248.00K | 873.00K | 1.69M | ||
| Loss (Gain) From Sale of Assets | -30.87M | |||||
| Asset Writedown & Restructuring Costs | 178.00K | 854.00K | 6.80M | |||
| Stock-Based Compensation | 6.54M | 29.00K | 148.00K | 291.00K | 220.00K | 1.17M |
| Other Operating Activities | -521.01M | 13.40M | -1.17M | -20.00K | -4.08M | -4.62M |
| Change in Accounts Receivable | 368.00K | 846.00K | -305.00K | 452.00K | ||
| Change in Inventory | -467.00K | 162.00K | -217.00K | -243.00K | ||
| Change in Accounts Payable | -355.00K | -37.00K | -57.00K | -1.13M | 667.00K | -163.00K |
| Change in Other Net Operating Assets | -1.30M | -928.00K | -406.00K | -314.00K | 388.00K | -84.00K |
| Operating Cash Flow | -11.18M | 2.70M | -4.20M | -4.63M | -6.65M | -9.19M |
| Capital Expenditures | -19.00K | -112.00K | -52.00K | |||
| Cash Acquisitions | -11.99M | |||||
| Investing Cash Flow | -33.50M | -19.00K | -112.00K | -12.04M | ||
| Short-Term Debt Issued | 500.00K | 3.00M | 105.00K | |||
| Total Debt Issued | 500.00K | 3.00M | 105.00K | |||
| Short-Term Debt Repaid | -500.00K | -1.99M | -1.47M | -105.00K | ||
| Total Debt Repaid | 534.00K | -500.00K | -1.99M | -1.47M | -105.00K | |
| Net Debt Issued (Repaid) | 534.00K | -500.00K | -1.49M | 1.53M | -105.00K | 105.00K |
| Issuance of Common Stock | 16.82M | 852.00K | 3.10M | 565.00K | 1.70M | 1.78M |
| Dividends Paid | -2.00K | -4.82M | ||||
| Other Financing Activities | 30.41M | 3.42M | -115.00K | -181.00K | ||
| Financing Cash Flow | 49.29M | 4.62M | 1.50M | 1.91M | 4.63M | 16.79M |
| Miscellaneous Cash Flow Adjustments | 297.00K | |||||
| Net Cash Flow | 4.61M | 7.32M | -2.70M | -2.45M | -2.13M | -4.45M |
| Free Cash Flow | -11.18M | 2.70M | -4.20M | -4.65M | -6.77M | -9.24M |
| Free Cash Flow Margin | -30.09% | -44.51% | -46.97% | -90.59% | ||
| Free Cash Flow Per Share | -0.07 | 0.46 | -6.18 | -193.88 | ||
| Levered Free Cash Flow | 13.69M | -4.94M | -2.05M | -595.50K | -3.85M | -6.96M |
| Unlevered Free Cash Flow | 13.64M | -5.01M | -2.35M | -1.23M | -3.85M | -6.96M |
| Cash Interest Paid | 8.00K | 130.00K | 174.00K | 17.00K | ||
| Cash Income Tax Paid | 24.00K | 21.00K | ||||
| Change in Working Capital | -1.75M | -965.00K | -463.00K | -433.00K | 533.00K | -38.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.12M | 710.70M | 2.94M | 1.33M | 3.97M | 16.92M |
| Enterprise Value | 43.97M | 713.68M | 3.43M | 2.84M | 2.83M | 8.09M |
| Last Close Price | 1.01 | 28.20 | 1.99 | 23.60 | 225.57 | 1,524.75 |
| PS Ratio | 1.38 | 0.13 | 0.28 | 1.66 | ||
| PB Ratio | 0.14 | -31.14 | -22.76 | 0.40 | 0.38 | 1.66 |
| P/TBV Ratio | 0.28 | 0.98 | 0.80 | |||
| P/FCF Ratio | 262.93 | |||||
| P/OCF Ratio | 262.93 | |||||
| EV/Sales Ratio | 1.18 | 0.27 | 0.20 | 0.79 | ||
| EV/FCF Ratio | 264.03 | |||||
| Debt / Equity Ratio | -0.03 | -12.96 | 0.79 | 0.19 | 0.05 | |
| Debt / FCF Ratio | 0.29 | |||||
| Net Debt / Equity Ratio | -0.04 | 0.32 | -9.63 | -0.09 | -0.32 | -0.68 |
| Net Debt / EBITDA Ratio | 0.95 | -0.17 | 0.08 | 0.46 | 0.80 | |
| Net Debt / FCF Ratio | 0.64 | -2.66 | -0.30 | 0.07 | 0.49 | 0.75 |
| Asset Turnover | 0.39 | 0.82 | 0.71 | 0.52 | ||
| Inventory Turnover | 2.11 | 1.83 | 1.76 | |||
| Quick Ratio | 15.72 | 6.97 | 0.15 | 0.84 | 1.72 | 2.67 |
| Current Ratio | 17.20 | 7.60 | 0.68 | 1.67 | 2.66 | 3.83 |
| Return on Equity (ROE) | 582.27% | -549.45% | -88.62% | -102.37% | -51.79% | |
| Return on Assets (ROA) | 14.72% | -76.11% | -74.05% | -20.16% | -23.78% | -28.25% |
| Return on Capital Employed (ROCE) | 12.00% | -96.10% | -1,272.20% | -86.20% | -63.30% | -43.20% |
| Earnings Yield | 323.16% | -3.12% | -245.99% | -723.74% | -267.27% | -34.41% |
| FCF Yield | -21.87% | 0.38% | -142.97% | -349.33% | -170.47% | -54.62% |
| Buyback Yield / Dilution | -11,686.70% | -757.14% | -2,729.17% |