Stablecoin Development Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | — | $9.8M | $10.5M | $14.4M | $10.2M |
| Cost of revenue | — | $3.3M | $4.4M | $6.6M | $3.7M |
| Gross profit | — | $6.5M | $6.1M | $7.8M | $6.5M |
| Research and development | — | $42,000 | $34,000 | $174,000 | $44,000 |
| Operating expenses | $8.4M | $7.4M | $10.2M | $22.2M | $15.4M |
| Operating income | -$8.4M | -$7.4M | -$4.1M | -$14.4M | -$8.9M |
| Pretax income | — | — | -$9.6M | -$10.6M | -$5.8M |
| Income tax expense | $0 | $0 | $0 | $0 | $0 |
| Net income | -$630.8M | -$7.2M | -$9.6M | -$10.6M | -$5.8M |
| Balance Sheet | |||||
| Cash and equivalents | $8.0M | $430,000 | $2.9M | $5.4M | $7.5M |
| Current assets | $8.7M | $1.9M | $7.2M | $11.3M | $13.2M |
| Total assets | $9.0M | $3.4M | $9.0M | $16.4M | $24.0M |
| Current liabilities | $1.1M | $2.8M | $4.3M | $4.3M | $3.4M |
| Total liabilities | $640.5M | $3.6M | $5.7M | $5.8M | $13.8M |
| Stockholders' equity | -$631.8M | -$129,000 | $3.3M | $10.6M | $10.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.4M | -$7.5M | -$4.1M | -$6.7M | -$9.2M |
| Depreciation and amortization | — | $40,000 | $51,000 | $120,000 | $59,000 |
| Stock-based compensation | $29,000 | $148,000 | $291,000 | $220,000 | $933,000 |
| Capital expenditure | — | $6,000 | $19,000 | $112,000 | $52,000 |
| Free cash flow | — | -$7.5M | -$4.2M | -$6.8M | -$9.2M |
| Dividends paid | $4.8M | $0 | — | — | — |
| Impairments | $854,000 | $0 | $348,000 | $4.2M | $0 |
Shares outstanding 27.1M
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.