{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-017872","form_type":"8-K","ticker":"SDEV","cik":"0001389545","company_name":"Stablecoin Development Corp","filed_at":"2026-05-20T12:38:54+00:00","discovered_at":"2026-05-20T12:40:00.300343+00:00","generated_at":"2026-05-20T12:41:15.145618+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SDEV Q1 2026 operating income $22.3M vs loss $3.3M YoY; GAAP net income $552.4M driven by non-cash warrant gains","bullets":["Operating income of $22.3 million vs operating loss of $3.3 million in Q1 2025; staking revenue $2.5M, unrealized gain on digital assets $22.7M.","GAAP net income $552.4M includes net non-cash warrant-related gains: $5.8B gain offset by $5.3B loss, both non-cash and non-operating.","Held 2.15B SKY tokens (9% of supply) at Mar 31, 2026, cost basis $137.4M, fair value $160.1M; 2.26B SKY as of May 14, 2026.","Post-quarter: purchased 86.5M SKY for ~$6.5M on open market; ATM program raised $0.6M net, $85.7M remaining.","Digital assets $160.1M; cash $18.4M; total assets $179.7M as of Mar 31, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-017872","json":"https://secwatch.observer/filing/0001437749-26-017872.json","markdown":"https://secwatch.observer/filing/0001437749-26-017872.md","text":"https://secwatch.observer/filing/0001437749-26-017872.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389545/000143774926017872/0001437749-26-017872-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389545/000143774926017872/nby20260519_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T12:41:15.145618+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9db2416ec6686e0348adc55ef1704d08c1469736","claim":"Stablecoin Development Corp reported the first quarter ended March 31, 2026 results: net income $552.4 million.","evidence_excerpt":"On May 20, 2026, the Company issued a press release announcing its results of operations for the quarter ended March 31, 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389545/000143774926017872/0001437749-26-017872-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Net income","value":"$552.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}