Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9M | $18.2M | $12.5M | $6.60M | $9.93M | $10.2M | $14.4M | $10.5M | $9.78M | — |
| Revenue growth | — | 53.2% | -31.4% | -47.2% | 50.5% | 2.7% | 41.2% | -27.4% | -6.4% | — |
| Gross profit | $9.43M | $15.4M | $11.0M | $4.86M | $5.96M | $6.51M | $7.78M | $6.08M | $6.48M | — |
| Gross margin | 79.3% | 84.7% | 88.0% | 73.7% | 60.0% | 63.8% | 54.0% | 58.2% | 66.3% | — |
| Operating income | -$11.0M | -$7.31M | -$7.87M | -$9.40M | -$6.43M | -$8.86M | -$14.4M | -$4.10M | -$7.38M | -$8.44M |
| Operating margin | -92.3% | -40.1% | -62.9% | -142.4% | -64.7% | -86.8% | -100.1% | -39.2% | -75.4% | — |
| Net income | -$13.2M | -$7.40M | -$6.54M | -$9.66M | -$11.0M | -$5.82M | -$10.6M | -$9.64M | -$7.22M | -$22.1M |
| Net margin | -110.5% | -40.6% | -52.3% | -146.4% | -111.1% | -57.1% | -73.6% | -92.2% | -73.8% | — |
| EPS (diluted) | -$1.40 | -$0.48 | -$0.46 | -$480.00 | -$310.00 | -$150.00 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.7M | -$6.27M | -$5.57M | -$7.93M | -$4.72M | -$9.19M | -$6.65M | -$4.13M | -$7.50M | -$8.43M |
| Capital expenditures | $160K | $244K | $44.0K | $19.0K | $26.0K | $52.0K | $112K | $19.0K | $6.00K | — |
| Free cash flow | -$11.8M | -$6.51M | -$5.61M | -$7.95M | -$4.75M | -$9.24M | -$6.77M | -$4.15M | -$7.50M | — |
| Dividends paid | — | — | — | $0.00 | — | — | — | — | $0.00 | $4.82M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.51M | $3.20M | $3.18M | $6.94M | $12.0M | $7.50M | $5.36M | $2.92M | $430K | $7.96M |
| Total assets | $15.4M | $10.1M | $9.36M | $11.2M | $15.2M | $24.0M | $16.4M | $9.03M | $3.42M | $9.04M |
| Total liabilities | $8.28M | $7.49M | $4.41M | $10.2M | $2.92M | $13.8M | $5.84M | $5.72M | $3.55M | $31.9M |
| Shareholders' equity | $7.10M | $2.59M | $4.95M | $973K | $12.3M | $10.2M | $10.6M | $3.31M | -$129K | -$23.2M |
| Retained earnings | -$104M | -$111M | -$115M | -$125M | -$136M | -$142M | -$158M | -$175M | -$183M | -$210M |
| Shares (wtd avg diluted) | 9.41M | 15.3M | 16.9M | 21.6M | 35.1M | 1.25M | 1.61M | 120K | 679K | 5.82M |
Every figure is extracted from Stablecoin Development Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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