Stablecoin Development swings to Q2 net loss of $41.07 million; operating loss widens to $53.84 million - SDEV News | RalliesStablecoin Development swings to Q2 net loss of $41.07 million; operating loss widens to $53.84 million
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SDEV• Q2 results and operating loss
- Stablecoin Development posts a GAAP net loss of USD 41.07 million for Q2 2026, versus a loss of USD 1.92 million a year earlier.
- Operating loss widens to USD 53.84 million, driven by an unrealized loss on digital assets of USD 50.63 million.
- Staking revenue totals USD 2.21 million; general and administrative expense climbs 186% to USD 5.42 million.
Quarter-end assets and financing
- Ended the quarter with 2,286,511,374 SKY tokens valued at USD 119.2 million; cash and cash equivalents were USD 7 million.
- ATM sales raised USD 15.2 million net in the first half; USD 84.5 million remained available under the program at June 30.
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