# Stablecoin Development Corporat (SDEV)

> Source: Nexqual · https://nexqual.com/SDEV · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Stablecoin Development Corporat (SDEV), nexqual.com/SDEV" · informational, not investment advice.

**Price:** USD 1.02 (+3.03% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 0.99 · day 0.88–1.15 · 52w 0.78–99.75 · market cap $52.8M · ASE

## Key facts
- Analysts: None.
- Total return with dividends: 1Y -82.1% vs S&P 500 +18.1%; 5Y -100.0% vs S&P 500 +85.1%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.2M | $14.4M | $10.5M | $9.8M | — | — |
| Gross profit | $6.5M | $7.8M | $6.1M | $6.5M | — | — |
| Operating income | -$8.9M | -$14.4M | -$4.1M | -$7.4M | -$8.4M | -$34.8M |
| Net income | -$5.8M | -$10.6M | -$9.6M | -$7.2M | -$631M | -$125M |
| EPS (diluted) | -$918750.00 | — | — | — | — | — |
| Free cash flow | -$9.2M | -$6.8M | -$4.2M | -$7.5M | — | — |
| Gross margin | 63.8% | 54.0% | 58.2% | 66.3% | — | — |
| Operating margin | -86.8% | -100.1% | -39.2% | -75.4% | — | — |
| Net margin | -57.1% | -73.6% | -92.2% | -73.8% | — | — |
| Revenue growth | +2.7% | +41.2% | -27.4% | -6.4% | — | — |
| Cash + short-term investments | $7.5M | $5.4M | $2.9M | $430K | $8.0M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 0.4x · Earnings yield -237.17%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -82.1% | -100.0% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -82.2% | -78.4% |
| Volatility (annualized) | 245.4% | 188.5% |
| Max drawdown | -99.1% (Jan 2026→Sep 2026) | -100.0% (Nov 2021→Aug 2026) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 24.19 +1.81% · VCTR (Victory Capital Holdings, Inc. ) USD 109.3 -0.25% · PDI (PIMCO Dynamic Income Fund) USD 14.38 +1.84% · AMG (Affiliated Managers Group, Inc.) USD 383.04 +1.06% · SEIC (SEI Investments Company) USD 105.27 -0.23% · IVZ (Invesco Ltd) USD 28.8 -0.41%

## More
Full page: https://nexqual.com/SDEV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt