Revenue
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Stablecoin Development Corp (SDEV)
Price—Loading quote
Net income
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Total cash / debt
CashTotal debt
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $9.8M | $10.5M | $14.4M | $10.2M | $9.9M | $6.6M | $12.5M | $18.2M | $11.9M | $4.4M | $370,000 | $3.3M | $6.9M | $11.0M | $9.8M | $15.7M |
| Gross profit | — | $6.5M | $6.1M | $7.8M | $6.5M | $6.0M | $4.9M | $11.0M | $15.4M | $9.4M | $3.1M | $568,000 | $3.3M | $6,000 | — | — | — |
| Gross margin | — | 66.26% | 58.19% | 54.02% | 63.85% | 60.04% | 73.66% | 87.98% | 84.73% | 79.29% | 71.22% | 153.51% | 101.87% | 0.09% | — | — | — |
| Research & development | — | $42,000 | $34,000 | $174,000 | $44,000 | $285,000 | $184,000 | $259,000 | $410,000 | $1.4M | $5.7M | $9.5M | $12.5M | $9.3M | $9.9M | $8.6M | $7.3M |
| Operating expenses | $8.4M | $7.4M | $10.2M | $22.2M | $15.4M | $12.4M | $14.3M | $18.9M | $22.8M | $20.4M | $24.3M | $17.5M | $18.8M | $15.2M | $15.3M | $14.3M | $12.9M |
| Operating income | −$8.4M | −$7.4M | −$4.1M | −$14.4M | −$8.9M | −$6.4M | −$9.4M | −$7.9M | −$7.3M | −$11.0M | −$21.1M | −$16.9M | −$15.5M | −$8.3M | −$4.3M | −$4.5M | $2.7M |
| Operating margin | — | −75.44% | −39.23% | −100.09% | −86.85% | −64.69% | −142.45% | −62.93% | −40.10% | −92.31% | −482.47% | −4,568.65% | −475.91% | −119.85% | −39.21% | −46.30% | 17.47% |
| EBITDA | −$641.4M | −$7.2M | −$4.1M | −$14.3M | −$8.8M | −$6.4M | −$9.3M | −$7.6M | −$7.2M | −$10.9M | −$21.0M | −$16.7M | −$15.2M | −$8.0M | −$3.9M | −$4.1M | $3.1M |
| EBITDA margin | — | −73.48% | −38.75% | −99.26% | −86.27% | −64.17% | −141.46% | −60.80% | −39.58% | −91.35% | −478.73% | −4,505.95% | −466.26% | −114.93% | −35.36% | −41.92% | 19.85% |
| Net income | −$630.8M | −$7.2M | −$9.6M | −$10.6M | −$5.8M | −$11.0M | −$9.7M | −$6.5M | −$7.4M | −$13.2M | −$19.0M | −$15.2M | −$16.0M | −$7.0M | −$5.1M | −$4.3M | $2.7M |
| Net profit margin | — | −73.85% | −92.20% | −73.65% | −57.08% | −111.12% | −146.36% | −52.33% | −40.61% | −110.54% | −433.07% | −4,106.49% | −492.99% | −101.36% | −46.15% | −44.17% | 17.20% |
| Basic EPSper basic share | -$21.68 | -$2.54 | -$3.98 | -$10.10 | -$5.26 | -$10.85 | -$16.80 | -$13.65 | -$16.80 | -$49.00 | -$238.70 | -$267.75 | -$367.85 | -$210.00 | -$175.00 | -$157.50 | $19,603,500.00 |
| Diluted EPSper diluted share | -$541.95 | -$12.68 | -$695.70 | -$1,767.50 | -$5.25 | -$10.85 | -$16.80 | -$16.10 | -$16.80 | -$49.00 | -$238.70 | -$267.75 | -$367.85 | -$210.00 | -$175.00 | -$157.50 | $20,225,625.00 |
Owners
Reported shareholders
≈44.81%of listed shares
R01 Capital Manager LLC / R01 Capital LLC / Kazley Michael John / R01 Fund LP22.67M shares · Jun 15, 2026
View holders
| Holder | % owned |
|---|---|
R01 Capital Manager LLC / R01 Capital LLC / Kazley Michael John / R01 Fund LP | ≈44.81%22.67M shares |
Framework Ventures Management LLC / Framework Ventures IV GP LLC / Anderson Michael Ernest / Spencer Vance / Framework Ventures IV L.P. | ≈44.81%22.67M shares |
Lazar David E. | ≈12.63%6.39M shares |
FAKHRY JAD / POPLAR POINT CAPITAL PARTNERS LP / POPLAR POINT CAPITAL MANAGEMENT LLC / POPLAR POINT CAPITAL GP LLC | ≈2.02%1.02M shares |
BlackRock, Inc. | 0.84%424.7K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.65%326.99K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.56%281.48K shares |
VANGUARD FIDUCIARY TRUST CO | 0.26%131.84K shares |
STATE STREET CORP | 0.23%117.15K shares |
NORTHERN TRUST CORP | 0.12%59.93K shares |
Bank of New York Mellon Corp | 0.06%28.03K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.05%26.14K shares |
State of Wyoming | 0.05%23.51K shares |
JANE STREET GROUP, LLC | 0.04%22.64K shares |
TWO SIGMA INVESTMENTS, LP | 0.02%12.4K shares |
Vanguard Global Advisers, LLC | 0.02%11.41K shares |
Tower Research Capital LLC (TRC) | 0.02%8.57K shares |
SBI Securities Co., Ltd. | <0.01%406 shares |
UBS Group AG | <0.01%205 shares |
MORGAN STANLEY | <0.01%3 shares |
Percentages use 50.59M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Reported positions exceed 100% in total, so the circle shows the selected holder only.
Source: SEC Form 4 ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 15, 2026Form 4 | Kazley Michael JohnChief Executive Officer | SellCommon Stock · indirect | 24.7K | $1.09 | $26.9K | 22.67M |
| Jun 15, 2026Form 4 | Framework Ventures Management LLC +4TenPercentOwner | SellCommon Stock | 24.7K | $1.09 | $26.9K | 22.67M |
| Jun 15, 2026Form 4 | R01 Capital Manager LLC +3TenPercentOwner | SellCommon Stock | 24.7K | $1.09 | $26.9K | 22.67M |
| Jan 16, 2026Form 4 | Anderson Michael Ernest +4TenPercentOwner | BuyPre-Funded Warrants (Right to Buy) · derivative | 50.11M | $0.85 | $42.59M | 50.11M |
| Jan 16, 2026Form 4 | R01 Capital Manager LLC +3TenPercentOwner | BuyPre-Funded Warrants (Right to Buy) · derivative · indirect | 53.68M | $0.85 | $45.63M | 53.68M |