Earnings Releases·Oct 29, 2026, 4:34 PM ET

Stablecoin Development Corporation — Third Quarter 2026 Earnings Summary

Reported Q3 2026 net income of $50.4 million ($0.23/share), driven by a $58.8 million non-cash unrealized gain on digital assets following a ~49% increase in SKY token price; staking revenue totaled $2.1 million for the quarter.
Balance sheet remains debt-free with $182.2 million in stockholders' equity; total assets of $188.2 million consist of $7.2 million cash and $180.2 million in SKY tokens, while liabilities are primarily a $5.6 million non-cash deferred tax liability.
Management reaffirmed a long-term hold strategy for SKY tokens, citing a lean cost base and lack of debt, while noting an unremediated material weakness in internal controls and risks related to asset concentration and market volatility.
Subsequent to quarter-end, the company received $45.9 million in net proceeds from the ATM Program and expanded its Board to six members; SKY token holdings increased to 2.33 billion (approx. 10% of supply) with a market value of $157.6 million as of October 26, 2026.