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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q1 FY262026-02-27 | Q4 FY252025-11-28 | Q3 FY252025-08-29 | Q1 FY252025-02-28 | Q4 FY242024-11-29 | Q3 FY242024-08-30 | Q1 FY242024-02-29 | Q4 FY232023-11-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.31M | $9.88M | $10.97M | $18.31M | $13.45M | $13.12M | $7.56M | $21.43M |
| Cost of revenue | $6.95M | $7.34M | $7.25M | $11.12M | $8.05M | $6.04M | $4.41M | $10.47M |
| Gross profit | $3.37M | $2.55M | $3.72M | $7.18M | $5.40M | $7.08M | $3.16M | $10.96M |
| Gross margin | 32.7% | 25.7% | 33.9% | 39.2% | 40.1% | 54.0% | 41.7% | 51.1% |
| Research and development | $3.17M | $2.97M | $2.85M | $3.14M | $2.28M | $2.36M | $2.14M | $1.97M |
| Selling, general and administrative | $4.43M | $4.43M | $4.72M | $5.16M | $4.64M | $4.56M | $3.06M | $3.52M |
| Operating expenses | $7.60M | $7.19M | $7.79M | $8.30M | $6.91M | $6.92M | $5.20M | $5.49M |
| Operating income | −$4.23M | −$4.65M | −$4.07M | −$1.12M | −$1.51M | $159.00K | −$2.05M | $5.47M |
| Operating margin | -41.0% | -47.0% | -37.1% | -6.1% | -11.2% | 1.2% | -27.1% | 25.5% |
| EBITDA | −$4.23M | −$4.86M | −$3.10M | −$1.12M | −$1.51M | $506.00K | −$2.05M | $5.47M |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $584.00K | $0 |
| Interest expense | $240.00K | $194.00K | $179.00K | $270.00K | $228.00K | $681.00K | $0 | $631.00K |
| Income before taxes | −$4.00M | −$4.44M | −$2.84M | −$874.00K | −$1.25M | $814.00K | −$1.46M | $6.11M |
| Income taxes | −$798.00K | −$1.21M | −$752.00K | −$231.00K | −$217.00K | $154.00K | $7.00K | $20.00K |
| Net income | −$3.20M | −$3.23M | −$2.08M | −$643.00K | −$1.03M | $660.00K | −$1.47M | $6.09M |
| Net margin | -31.1% | -32.7% | -19.0% | -3.5% | -7.6% | 5.0% | -19.4% | 28.4% |
| EPS, basic | −$0.10 | −$0.11 | −$0.07 | −$0.02 | −$0.03 | $0.02 | −$0.05 | $0.21 |
| EPS, diluted | −$0.10 | −$0.11 | −$0.07 | −$0.02 | −$0.03 | $0.02 | −$0.05 | $0.20 |
| Diluted shares | 30.70M | 30.18M | 29.92M | 29.73M | 29.66M | 29.63M | 28.87M | 29.77M |
Figures describe Aehr Test Systems shares, not any token. As of Jul 27, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.