State Ledger
Company profile

Stablecoin Development Corp CIK 1389545

Ticker
SDEV (NYSE)
Industry
Finance Services
Headquarters
West Palm Beach, FL 33401
Fiscal year end
2025 (FY)
Market Data
Close
$1.24
Change
-$0.17
Change %
-12.10%
Volume
326,688

SDEV · trading date Oct 13, 2026 · previous close $1.41 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
-$630.78M
Total assets
$9.04M
Total liabilities
$640.50M
Stockholders' equity
-$631.82M
Cash & equivalents
$7.96M
Operating income
-$8.44M
Operating cash flow
-$8.43M
Capital expenditures
—

Fiscal year 2025, via 10-K/A filed 2026-04-29. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
7,089.1%
Equity / assets
-6,993.0%
CapEx / revenue
—
Operating cash flow / net income
0.01×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — -$630.78M $9.04M $640.50M -$631.82M
2024 — -$7.22M $3.42M $3.55M -$129.0K
2023 — -$9.64M $9.03M $5.72M $3.31M
2022 — -$10.61M $16.40M $5.85M $10.55M
2021 — -$5.82M $23.98M $13.81M $10.17M
Company Details
SIC code
6199
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form S-3/A
2026-09-16
Financials filed via
Form 10-K/A
filed 2026-04-29

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
West Palm Beach, FL 33401
222 LAKEVIEW AVE, SUITE 800
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:25 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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