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NYSE · FINANCE SERVICES · SMALL CAP

Stablecoin Development Corp. SDEV

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$-630.8M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We were historically focused on the development and sale of scientifically-created and clinically-proven eyecare, wound care, and skin care products. We have adopted a capital allocation strategy focused on acquiring digital assets that provide exposure to economic participation within open digital financial networks. As of the closing of the Private Placement, we held an aggregate of approximately 943.6 million SKY. We hold substantially all of our SKY in custody accounts with U.S.-based service providers that have demonstrated records of regulatory compliance and information security. Our current custodial and infrastructure service providers currently are Fireblocks, Inc. (“Fireblocks”) and Payward Financial, Inc. (“Kraken”).

Written from the business description in NovaBay Pharmaceuticals, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2024 · Revenue 9.8 · Net income -7.2
10M20M-10M-20M
2009201220152018202120242025
Compound annual growth
−1.4%
+8.2%
+25.0%
−3.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.2% a year over the five years to FY2024.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2024 · Operating -75.4% · Net -73.8%
-500%-1000%-1500%
200920172025
ROE
FY2023 · ROE -139.0%
-100%-200%-300%
200920172025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -199%.

Cash & shareholders

USD 4.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -7.5
-10M-20M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 4.8 · Net buybacks ·
2M4M
201920242025

USD 4.8M in dividends went back to shareholders in a year without profit.

Total assetsUSD 9.0M
EquityUSD -631.8M
CashUSD 8.0M
Current ratio7.60×

Equity funds -6993% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
SDEV, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B◌0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.6−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0
EPS, diluted $◌◌◌◌−150.00−310.00−480.00−0.46−0.48−1.40−6.82−7.65−10.51−0.24−0.20−0.1823115.00
Dividend / sh $4.00◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %−1−0————−0——————————
ROE %——−139.0−102.4−51.8−166.1−325.9−173.4−152.7——−293.2−142.2−60.1−51.3−36.120.2
Shares out B0.030.000.010.000.050.040.030.020.020.020.000.050.040.040.030.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 1 failure · 1 divergence in 79 reconciliationsAUDITED

Reconciled in 15 of the 17 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Six checks were skipped: the balance sheet is not tagged before 2010. Five checks were skipped: cost of revenue is not tagged before 2012. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure1 divergent
ActivityFinance Services
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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