--- title: "Stablecoin Development | 10-Q: FY2026 Q1 Revenue: USD 25.14 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286613082.md" datetime: "2026-05-15T20:42:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286613082.md) - [en](https://longbridge.com/en/news/286613082.md) - [zh-HK](https://longbridge.com/zh-HK/news/286613082.md) --- # Stablecoin Development | 10-Q: FY2026 Q1 Revenue: USD 25.14 M Revenue: As of FY2026 Q1, the actual value is USD 25.14 M. EPS: As of FY2026 Q1, the actual value is USD 3.33. EBIT: As of FY2026 Q1, the actual value is USD 22.29 M. Stablecoin Development Corporation operates as one consolidated segment, with all reported metrics for continuing operations for the three months ended March 31, 2026, compared to the prior-year period . ### Segment Revenue - **Staking Revenue**: Stablecoin Development Corporation reported $2.5 million in staking revenue for the three months ended March 31, 2026, with no staking revenue in the prior-year period . ### Operational Metrics - **Unrealized Gain on Digital Assets**: The company recognized an unrealized gain of $22.7 million on digital assets for the three months ended March 31, 2026, with no comparable gain in the prior-year period . - **General and Administrative Expenses**: These expenses increased by 5% to $2.8 million for the three months ended March 31, 2026, from $2.7 million in the prior-year period . - **Impairment of Long-Lived Assets**: No impairment was recorded for the three months ended March 31, 2026, a 100% decrease from $589 thousand in the prior-year period . - **Total Operating Expenses**: Total operating expenses decreased by 13% to $2.8 million for the three months ended March 31, 2026, from $3.29 million in the prior-year period . - **Operating Income (Loss)**: The company reported an operating income of $22.289 million for the three months ended March 31, 2026, a significant improvement from an operating loss of - $3.290 million in the prior-year period . - **Non-Cash Warrant-Related Items**: A non-cash loss on fair value of warrant liabilities in excess of proceeds at issuance was - $5,302,617 million, and a non-cash gain on changes in fair value of warrant liabilities was $5,837,607 million for the three months ended March 31, 2026 . - **Other Expense, Net**: This amounted to - $1.422 million for the three months ended March 31, 2026, compared to - $0.040 million in the prior-year period . - **Net Income (Loss) from Continuing Operations**: Net income from continuing operations was $552.403 million for the three months ended March 31, 2026, compared to a net loss of - $3.330 million in the prior-year period . - **Net Income (Loss) from Discontinued Operations, Net of Taxes**: The company reported no net income from discontinued operations for the three months ended March 31, 2026, compared to $11.000 million in the prior-year period . - **Total Net Income**: Total net income was $552.403 million for the three months ended March 31, 2026, compared to $7.670 million in the prior-year period . ### Balance Sheet Metrics - **Cash and Cash Equivalents**: As of March 31, 2026, cash and cash equivalents were $18.4 million, an increase from $8.0 million as of December 31, 2025 . - **Digital Assets, at Fair Value**: The company held digital assets with a fair value of $160.1 million as of March 31, 2026, compared to none as of December 31, 2025 . - **Warrant Liabilities, at Fair Value**: Warrant liabilities decreased to $33.715 million as of March 31, 2026, from $639.071 million as of December 31, 2025 . ### Cash Flow - **Net Cash Used in Operating Activities (Continuing Operations)**: Net cash used was - $1.8 million for the three months ended March 31, 2026, compared to - $1.3 million in the prior-year period . - **Net Cash Used in Investing Activities (Continuing Operations)**: Net cash used was - $25.9 million for the three months ended March 31, 2026, primarily due to - $76.918 million in SKY token purchases, partially offset by $51.000 million from stablecoin redemptions . - **Net Cash Provided by (Used in) Financing Activities (Continuing Operations)**: Net cash provided was $38.3 million for the three months ended March 31, 2026, primarily from $25.001 million in pre-funded warrants and $13.394 million from an at-the-market offering, compared to - $1.7 million used in the prior-year period . ### Future Outlook and Strategy Stablecoin Development Corporation plans to hold digital assets, particularly SKY, as long-term strategic positions for protocol-level economics and potential capital appreciation . The company intends to periodically monetize holdings for corporate purposes and evaluate liquidity or financing opportunities collateralized by digital assets . Investments will continue in internal capabilities and third-party relationships for managing digital asset holdings . ### Liquidity Guidance Management believes existing cash and cash equivalents are sufficient to fund planned operating expenses for at least one year from May 15, 2026 . Future growth and obligations beyond twelve months will depend on market conditions and access to capital . ### Subsequent Events (Outlook) Subsequent to March 31, 2026, and through May 14, 2026, Stablecoin Development Corporation sold 398,367 shares for approximately $0.6 million under its ATM Program, with $85.7 million remaining available . The company also purchased approximately 86.5 million SKY tokens for $6.5 million, bringing total SKY holdings to approximately 2.26 billion tokens as of May 14, 2026 . ### Related Stocks - [SDEV.US](https://longbridge.com/en/quote/SDEV.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [REEVES CONFIRMS NO INCREASE IN UK FUEL DUTY IN 2026](https://longbridge.com/en/news/287213292.md)