Stablecoin Development Reports Q3 2026 GAAP EPS of $0.23
Stablecoin Development (SDEV) has announced its third-quarter financial results for 2026, reporting a GAAP earnings per share (EPS) of $0.23. A significant driver of the company's performance was staking revenue, which reached $2.1 million for the quarter and totaled $6.8 million for the first nine months of the year. The revenue is derived from rewards earned on the company's substantial holdings within the Sky Protocol ecosystem. As of September 30, 2026, the company held over 2.32 billion SKY tokens, representing approximately 10% of the total supply. These assets carry a fair value of $180.2 million against a cost basis of $149.3 million.
Topics: GAAP EPS Sky Protocol staking revenue token holdings