SDEV Reports Q1 2026 Net Income of $552.4M Driven by Warrant Gains

Stablecoin Development Corporation reported Q1 2026 GAAP net income of $552.4 million, primarily from non-cash warrant-related gains of approximately $535 million, while operating income reached $22.3 million. The company holds 2.26 billion SKY tokens representing 9% of total supply and generated $2.5 million in staking revenue during the quarter.