SDEV
Stablecoin Development Corporat
NYSE AmericanUSDEQUITY
Financial Services
DELAYED
Neutral
+18/100
Last price
3.51
▼ 0.43 (10.91%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
3.72
Prev close
3.94
Day high
4.43
Day low
3.04
Volume
63.53M
Market cap
$168.19M
P/E (TTM)
—
52W range
0.78 – 99.75
Day trading desk
Gap from prior close
-5.58%
Prior close 3.94
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
17.94%
3.40 – 4.01
Position in range
18%
Near session low
ATR (14D)
1.37
39.09% of price
Prior day high
9.82
PDH
Prior day low
3.25
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 11.02M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.61%
-2.6%
1M
+265.17%
+264.0%
3M
+116.67%
+112.1%
6M
+91.18%
+73.0%
YTD
-88.48%
-102.7%
1Y
-52.21%
-68.6%
3Y
-95.87%
-178.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SDEV open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+124.81M
Net buying
Buy transactions
7
124.89M shares
Sell transactions
3
74.16K shares
Net transactions
+10
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
45.59M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 15, 26 | R01 FUND L.P. Beneficial Owner of more than 10% of a Class of Security |
CONVERSION | 11.33M | $27.20K | Direct |
| Jun 15, 26 | KAZLEY MICHAEL JOHN Chief Executive Officer |
CONVERSION | 11.33M | $27.20K | Indirect |
| Jun 15, 26 | FRAMEWORK VENTURES IV L.P. Beneficial Owner of more than 10% of a Class of Security |
CONVERSION | 11.33M | $27.20K | Direct |
| Jun 15, 26 | R01 FUND L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 24.72K | $26.95K | Direct |
| Jun 15, 26 | KAZLEY MICHAEL JOHN Chief Executive Officer |
SELL | 24.72K | $26.95K | Indirect |
| Jun 15, 26 | FRAMEWORK VENTURES IV L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 24.72K | $26.95K | Direct |
| Oct 21, 25 | LAZAR DAVID ELLIOT Beneficial Owner of more than 10% of a Class of Security |
CONVERSION | 6.39M | $632.92M | Direct |
| Oct 21, 25 | R01 FUND L.P. Beneficial Owner of more than 10% of a Class of Security |
— | 56.81M | — | Indirect |
| Oct 21, 25 | R01 FUND L.P. Beneficial Owner of more than 10% of a Class of Security |
— | 11.36M | — | Direct |
| Oct 21, 25 | KAZLEY MICHAEL JOHN Chief Executive Officer |
— | 56.81M | — | Indirect |
| Oct 21, 25 | KAZLEY MICHAEL JOHN Chief Executive Officer |
— | 11.36M | — | Indirect |
| Oct 21, 25 | FRAMEWORK VENTURES IV L.P. Unknown |
— | 56.81M | — | Indirect |
| Oct 21, 25 | FRAMEWORK VENTURES IV L.P. Beneficial Owner of more than 10% of a Class of Security |
— | 11.36M | — | Direct |
| Oct 21, 25 | LAZAR DAVID ELLIOT Beneficial Owner of more than 10% of a Class of Security |
— | 6.39M | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FRAMEWORK VENTURES IV L.P. |
Beneficial Owner of more than 10% of a Class of Security | 22.67M | Conversion of Exercise of derivative security |
KAZLEY MICHAEL JOHN |
Chief Executive Officer | — | Conversion of Exercise of derivative security |
LAZAR DAVID ELLIOT |
Beneficial Owner of more than 10% of a Class of Security | 6.39M | Conversion of Exercise of derivative security |
POPLAR POINT CAPITAL PARTNERS L P |
Beneficial Owner of more than 10% of a Class of Security | 1.02M | Purchase |
R01 FUND L.P. |
Beneficial Owner of more than 10% of a Class of Security | 22.67M | Conversion of Exercise of derivative security |
Fundamentals
Market cap$168.19M
Enterprise value$157.53M
Revenue (TTM)$-23.29M
Gross profit$-23.29M
EBITDA—
Net income$483.40M
EPS (TTM)$-21.13
Free cash flow$-19.88M
Total cash$6.97M
Total debt$0
Book value / share$2.52
Shares outstanding51.75M
Float22.55M
Short % of float4.35%
Dividend yield0.00%
Beta (5Y)-0.16
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book1.29
EV / revenue-6.76
EV / EBITDA—
Gross margin0.00%
Operating margin111.19%
Profit margin0.00%
Return on equity735.28%
Return on assets-32.13%
Debt / equity—
Current ratio29.98
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $10.46M | $14.40M | — | — |
| Operating revenue | $0 | $0 | $10.46M | $14.37M | — | — |
| Cost of revenue | — | $3.30M | $4.37M | $6.62M | $3.69M | — |
| Gross profit | — | $6.48M | $6.08M | $7.78M | $6.51M | — |
| Research & development | — | $42.00K | $34.00K | $174.00K | $44.00K | — |
| Selling, general & admin | $7.58M | $7.38M | $10.15M | $15.29M | — | +2.8% |
| Total operating expense | $7.58M | $7.38M | $10.19M | $15.46M | — | +2.8% |
| Operating income | -$7.58M | -$7.38M | -$4.10M | -$7.68M | — | -2.8% |
| Net interest income | -$277.00K | -$904.00K | -$1.69M | — | — | +69.4% |
| Pre-tax income | -$641.86M | -$8.75M | -$6.14M | -$10.61M | — | -7,235.6% |
| Tax provision | — | — | — | — | $0 | — |
| Net income | -$630.78M | -$7.22M | -$9.64M | -$10.61M | — | -8,632.9% |
| Net income to common | -$630.78M | -$8.61M | -$16.70M | -$16.27M | — | -7,227.8% |
| Basic EPS | -541.95 | -12.68 | -695.70 | -1,767.50 | — | -4,174.1% |
| Diluted EPS | -541.95 | -12.68 | -695.70 | -1,767.50 | — | -4,174.1% |
| EBIT | -$641.58M | -$7.85M | -$4.45M | -$7.68M | — | -8,077.2% |
| EBITDA | -$641.44M | -$7.50M | -$4.09M | -$7.20M | — | -8,446.9% |
| Basic shares | 1.16M | 679.00K | 24.00K | 9.20K | — | +71.4% |
| Diluted shares | 1.16M | 679.00K | 24.00K | 9.20K | — | +71.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $7.96M | $430.00K | $2.92M | $5.36M | — | +1,750.7% |
| Cash & short-term investments | $7.96M | $430.00K | $2.92M | $5.36M | — | +1,750.7% |
| Accounts receivable | — | $389.00K | $680.00K | $1.97M | $1.67M | — |
| Inventory | — | $765.00K | $501.00K | $3.44M | $3.22M | — |
| Total current assets | $8.68M | $1.94M | $7.15M | $11.33M | — | +348.3% |
| Property, plant & equipment | $0 | $955.00K | $1.38M | $1.95M | — | -100.0% |
| Goodwill & intangibles | — | — | $0 | $2.63M | $9.73M | — |
| Total assets | $9.04M | $3.42M | $9.03M | $16.40M | — | +163.9% |
| Total current liabilities | $1.14M | $2.84M | $4.28M | $4.26M | — | -59.8% |
| Current debt | $67.00K | $565.00K | $1.14M | — | $105.00K | -88.1% |
| Total debt | $776.00K | $1.67M | $2.61M | $2.04M | — | -53.6% |
| Total liabilities | $640.85M | $3.55M | $5.72M | $5.84M | — | +17,941.9% |
| Retained earnings | -$819.05M | -$183.46M | -$174.85M | -$158.15M | — | -346.5% |
| Shareholder equity | -$631.82M | -$129.00K | $3.31M | $10.55M | — | -489,679.1% |
| Working capital | $7.53M | -$908.00K | $2.88M | $7.08M | — | +929.6% |
| Net tangible assets | -$631.82M | -$129.00K | $3.31M | $7.93M | — | -489,679.1% |
| Shares issued | 25.22M | 977.14K | 64.17K | 11.63K | — | +2,480.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$641.86M | -$8.75M | -$5.74M | -$10.61M | — | -7,235.6% |
| Depreciation & amortisation | $140.00K | $341.00K | $356.00K | $483.00K | — | -58.9% |
| Stock-based compensation | $29.00K | $148.00K | $291.00K | $220.00K | — | -80.4% |
| Change in working capital | -$965.00K | -$463.00K | -$433.00K | $533.00K | — | -108.4% |
| Operating cash flow | -$8.43M | -$7.50M | -$4.26M | -$6.65M | — | -12.4% |
| Capital expenditure | — | -$6.00K | -$19.00K | -$112.00K | -$52.00K | — |
| Investing cash flow | — | $1.06M | -$19.00K | -$112.00K | -$12.04M | — |
| Share buybacks | -$175.00K | $0 | — | — | — | — |
| Dividends paid | -$4.82M | $0 | — | — | — | — |
| Financing cash flow | $4.62M | $1.50M | $1.91M | $4.63M | — | +207.9% |
| Free cash flow | -$8.43M | -$7.50M | -$4.28M | -$6.77M | — | -12.4% |
| End cash position | $8.22M | $907.00K | $3.40M | $5.85M | — | +806.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $2.21M | $2.46M | -$521.00K | $521.00K | $0 | — | -10.4% |
| Operating revenue | $2.21M | $2.46M | -$521.00K | $521.00K | $0 | — | -10.4% |
| Cost of revenue | — | — | — | $479.00K | — | — | — |
| Gross profit | — | — | — | $42.00K | — | — | — |
| Selling, general & admin | $5.42M | $2.85M | $1.78M | $1.21M | $1.89M | — | +90.2% |
| Total operating expense | $5.42M | $2.85M | $1.78M | $1.21M | $1.89M | — | +90.2% |
| Operating income | -$3.21M | -$385.00K | -$1.82M | -$1.17M | -$1.89M | — | -734.0% |
| Net interest income | — | — | -$277.00K | $0 | $0 | $0 | — |
| Pre-tax income | -$44.55M | $555.86M | -$26.59M | -$1.33M | -$1.96M | — | -108.0% |
| Tax provision | -$3.48M | $3.45M | — | — | $0 | $0 | -200.8% |
| Net income | -$41.07M | $552.40M | -$26.60M | -$1.29M | -$1.92M | — | -107.4% |
| Net income to common | -$41.07M | $552.40M | -$26.60M | -$1.29M | -$1.92M | — | -107.4% |
| Basic EPS | -1.32 | 21.23 | — | -1.10 | -1.65 | 7.22 | -106.2% |
| Diluted EPS | -1.32 | 3.33 | — | -1.10 | -1.65 | 7.08 | -139.6% |
| EBIT | -$3.21M | -$385.00K | -$26.32M | -$1.33M | -$1.89M | — | -734.0% |
| EBITDA | -$3.21M | -$385.00K | -$26.18M | -$1.33M | -$1.85M | — | -734.0% |
| Basic shares | 31.05M | 26.02M | — | 1.18M | 1.16M | 1.06M | +19.3% |
| Diluted shares | 31.05M | 165.71M | — | 1.18M | 1.16M | 1.08M | -81.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.97M | $18.41M | $7.96M | $2.31M | $5.34M | — | -62.1% |
| Cash & short-term investments | $6.97M | $18.41M | $7.96M | $2.31M | $5.34M | — | -62.1% |
| Accounts receivable | — | — | — | $368.00K | — | — | — |
| Inventory | — | — | — | — | $467.00K | — | — |
| Total current assets | $8.10M | $19.05M | $8.68M | $2.90M | $6.12M | — | -57.5% |
| Property, plant & equipment | — | — | $0 | $195.00K | $317.00K | $355.00K | — |
| Goodwill & intangibles | $119.24M | $160.09M | — | — | — | — | -25.5% |
| Total assets | $127.51M | $179.74M | $9.04M | $3.49M | $6.91M | — | -29.1% |
| Total current liabilities | $270.00K | $3.58M | $1.14M | $1.45M | $2.14M | — | -92.4% |
| Current debt | — | — | $67.00K | $149.00K | $111.00K | $84.00K | — |
| Total debt | $0 | $637.00K | $776.00K | $970.00K | $1.04M | — | -100.0% |
| Total liabilities | $270.00K | $40.92M | $640.85M | $2.38M | $2.67M | — | -99.3% |
| Retained earnings | -$307.72M | -$266.65M | -$819.05M | -$183.82M | -$177.71M | — | -15.4% |
| Shareholder equity | $127.24M | $138.82M | -$631.82M | $1.11M | $4.25M | — | -8.3% |
| Working capital | $7.83M | $15.48M | $7.53M | $1.45M | $3.97M | — | -49.4% |
| Net tangible assets | $8.00M | -$21.26M | -$631.82M | $1.11M | $4.25M | — | +137.6% |
| Shares issued | 50.59M | 26.72M | 25.22M | 1.20M | 1.16M | — | +89.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$41.07M | $552.40M | -$26.72M | -$1.21M | -$1.96M | — | -107.4% |
| Depreciation & amortisation | $0 | $0 | $135.00K | -$85.00K | $37.00K | — | — |
| Stock-based compensation | $3.24M | $25.00K | $23.00K | $0 | $4.00K | — | +12,844.0% |
| Change in working capital | -$3.81M | $2.43M | -$543.00K | -$1.14M | -$621.00K | — | -256.5% |
| Operating cash flow | -$5.96M | -$1.80M | -$2.27M | -$2.31M | -$2.52M | — | -230.7% |
| Investing cash flow | -$7.58M | -$25.92M | — | $0 | $0 | $0 | +70.7% |
| Share buybacks | $0 | -$350.00K | — | — | $0 | $0 | +100.0% |
| Dividends paid | — | — | -$2.00K | — | — | — | — |
| Financing cash flow | $1.83M | $38.34M | $7.82M | -$1.32M | -$174.00K | — | -95.2% |
| Free cash flow | -$5.96M | -$1.80M | -$2.27M | -$2.31M | -$2.52M | — | -230.7% |
| End cash position | $7.12M | $18.84M | $8.22M | $2.70M | $5.82M | — | -62.2% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Dec 2024 | -1.20 | -1.99 | -66.2% |
| Sep 2024 | -1.53 | -2.97 | -94.8% |
| Jun 2024 | -6.13 | -4.86 | +20.7% |
| Mar 2024 | -26.25 | -26.72 | -1.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders90.08%
Held by institutions3.24%
Institutions holding23
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.97
+18.34% from price
SMA 20
1.95
+66.58% from price
SMA 50
1.39
+134.08% from price
SMA 100
1.31
+167.10% from price
SMA 200
6.45
-49.62% from price
EMA 12
3.03
+15.68% from price
EMA 26
2.19
+60.34% from price
EMA 50
1.74
+101.45% from price
RSI (14)
55.6
Neutral
MACD (12,26,9)
0.85
Hist 0.33
ATR (14)
1.37
42.22% of price
Realised vol 30D
391.6%
Annualised
Bollinger upper
5.21
20, 2σ
Bollinger lower
-1.31
20, 2σ
50 / 200 cross
Death
1.39 vs 6.45
Trend bias
Below 200
-49.62%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.49
More volatile than market
Correlation to SPY
0.12
Largely independent
Realised vol 30D
391.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-99.1%
Peak to trough
Max drawdown 5Y
-100.0%
Peak to trough
ATR 14
1.37
42.22% of price
Beta (reported)
-0.16
5Y monthly, from filing
Short interest
Shares short
1.21M
Prior 369.24K
Change vs prior
+228.3%
Shorts adding
% of float
4.35%
Normal
% of shares out
2.39%
Against total outstanding
Days to cover
1.0
Liquid
Float
22.55M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateSep 30, 2025
Next pay dateSep 29, 2025
Last split1:5
Split dateFeb 23, 2026
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-05
Corporate Changes & Voting Matters
8-K · 2026-09-29
Proxy Statements
DEF 14A · 2026-09-28
Offering Registrations
S-3/A · 2026-09-16
Corporate Changes & Voting Matters
8-K · 2026-09-08
Offering Registrations
S-3 · 2026-08-11
Corporate Changes & Voting Matters
8-K · 2026-07-31
Periodic Financial Reports
10-Q · 2026-07-30
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.