Stablecoin Development Corp income statement
In fiscal 2024, Stablecoin Development Corp reported revenue of $9.8m, down 6.4% on the year before, operating income of −$7.4m (a -75.4% margin) and net income of −$7.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | LTMSept 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 10 | 11 | 7 | 3 | 1 | 4 | 12 | 18 | 13 | 7 | 10 | 10 | 14 | 10 | 10 | 10 |
| Cost of revenue | — | — | — | — | — | — | — | 2 | 3 | 2 | 2 | 4 | 4 | 7 | 4 | 3 | — |
| Gross profit | — | — | — | 0 | 3 | 1 | 3 | 9 | 15 | 11 | 5 | 6 | 7 | 8 | 6 | 6 | — |
| Research and development | 7 | 9 | 10 | 9 | 12 | 9 | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Selling, general and administrative | — | — | — | 6 | 6 | 8 | 18 | — | — | — | — | — | — | — | — | — | — |
| Selling and marketing | — | — | — | — | — | — | — | 12 | 14 | 13 | 9 | 6 | 8 | 8 | 5 | 4 | — |
| General and administrative | 6 | 6 | 5 | — | — | — | — | 7 | 9 | 6 | 5 | 6 | 7 | 7 | 5 | 7 | 8 |
| Operating income | 3 | −5 | −4 | −8 | −15 | −17 | −21 | −11 | −7 | −8 | −9 | −6 | −9 | −14 | −4 | −7 | −8 |
| Income before tax | 3 | −4 | −5 | −7 | −16 | −15 | −19 | −13 | −7 | −7 | −10 | −11 | −6 | −11 | −10 | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 3 | −4 | −5 | −7 | −16 | −15 | −19 | −13 | −7 | −7 | −10 | −11 | −6 | −11 | −10 | −7 | 3 |
| Diluted EPS | $707896875.00 | −$5512.50 | −$0.20 | −$0.24 | −$12874.75 | −$9371.25 | −$8354.50 | −$1715.00 | −$0.48 | −$0.46 | −$0.48 | −$379.75 | −$150.00 | — | — | — | — |
| Diluted shares (average) | — | — | — | — | — | — | — | — | 13m | 14m | 18m | 29m | 36m | 46m | — | — | — |
| EBITDA | 3 | −4 | −4 | −8 | −15 | −17 | −21 | −11 | −7 | −8 | −9 | −6 | −9 | −14 | −4 | −7 | −8 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 10 | 0 | 0 | 0 | 2 | 2 | 2 |
| Cost of revenue | 0 | 3 | — | — | 0 | — | — | — |
| Gross profit | 0 | 6 | — | — | 0 | — | — | — |
| Research and development | 0 | 0 | — | — | — | — | — | — |
| Selling and marketing | 1 | 1 | — | — | — | — | — | — |
| General and administrative | 2 | 2 | 3 | 2 | 1 | 3 | 5 | 5 |
| Operating income | −2 | −2 | −3 | −2 | −1 | 22 | −54 | 56 |
| Income before tax | — | — | −3 | −2 | −1 | 556 | −45 | 56 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 3 | −3 | 6 |
| Net income | −1 | −1 | 8 | −2 | −1 | 552 | −41 | 50 |
| Diluted EPS | −$1.92 | — | $7.08 | −$1.65 | −$1.10 | $3.33 | −$1.32 | $0.23 |
| EBITDA | −2 | −2 | −3 | −2 | −1 | — | — | — |
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