Stablecoin Development Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $40.7M
- Price
- $1.41
- % Change (Daily % change from the live per-ticker quote feed.)
- -6.00%
- Volume
- 631.4K
Quote data as of 5:17 AM ET
About
Stablecoin Development Corp. specializes in manufacturing and distributing eye and skin health solutions that have undergone rigorous scientific development and proven efficacy in clinical settings. Their product portfolio features prominent brands such as Avenova, NeutroPhase, and DERMAdoctor. This enterprise was established on January 19, 2000, and its main office is situated in Emeryville, California.
Quick stats
Shares outstanding27.1M
Computed float0
Float sourceUnknown
Cash runway (months)24.7
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorHealthcare
IndustryMedical - Pharmaceuticals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001389545
Websitehttp://www.novabay.com
AI Summary
AI-generated2mo agostandardbullishearningsStablecoin Development Corporation Reports First Quarter 2026 Financial Results
Stablecoin Development Corporation reported Q1 2026 operating income of $22.3 million, a turnaround from a $3.3 million operating loss in the prior year, driven by $2.5 million in staking revenue and $22.7 million in unrealized gains on its SKY token holdings.
GAAP net income was reported at $552.4 million, but this figure is dominated by non-cash warrant accounting effects, including a $5.8 billion gain and a $5.3 billion loss on warrant liabilities, which management explicitly states should be viewed separately from operating performance.
The company holds approximately 2.26 billion SKY tokens (9% of total supply) with a fair value of $160.1 million, and continues to accumulate tokens via open-market purchases and staking rewards while maintaining a small cash balance of $18.4 million.
Red flags
- GAAP net income is misleadingly high due to non-cash warrant accounting swings ($5.8B gain vs $5.3B loss)
- High concentration risk: ~9% of total SKY token supply held by the company
- Low liquidity: Only $18.4 million in cash against $179.7 million in total assets
- Reliance on volatile digital asset valuations for operating income