Stablecoin Development CorpSDEV

NYSEFinanceFinance Services
Price (close)
$1.29
Market cap
$65.3M
P/E
—
Revenue (TTM)
—
Net income
-$125.2M
Dividend yield
310.08%
1-year total return
-81.8%
Net margin
—
Revenue growth
—
Debt / equity
—

What Stablecoin Development Corp does.

We have undergone significant changes to our business and operations as a result of a series of completed transactions summarized below and discussed in further detail under the next section titled “Recent Developments” below. As a result of these transactions, we have significantly reduced our legacy pharmaceutical business operations and have adopted a new strategic direction as a business, shifting to a capital allocation strategy that focuses on acquiring digital assets that provide exposure to economic participation within open digital financial networks.

We were historically focused on the development and sale of scientifically-created and clinically-proven eyecare, wound care, and skin care products. In the past year, we completed a comprehensive realignment of our business. We have adopted a capital allocation strategy focused on acquiring digital assets that provide exposure to economic participation within open digital financial networks.

On January 16, 2026, we completed a private placement of pre-funded warrants to purchase an aggregate of 167,539,227 shares of common stock of the Company, par value $0.01 per share (the “ Common Stock ”) in exchange for $25 million of cash and an aggregate of approximately $112.4 million in SKY tokens and stablecoins (the “ Private Placement ”). The proceeds from the Private Placement and any future cash raise will be used to support a multi-year capital allocation strategy focused on acquiring and holding a portfolio of select digital assets that exhibit revenue-generating characteristics, consistent with our operating and risk framework, with SKY token (“ SKY ”), protocol token of the decentralized Sky network, being the only currently approved asset.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$9.9M$10.2M$14.4M$10.5M$9.8M—
Net income-$11.0M-$5.8M-$10.6M-$9.6M-$7.2M-$630.8M
Free cash flow-$4.7M-$9.2M-$6.8M-$4.2M-$7.5M—

More on SDEV.

Figures from Stablecoin Development Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.