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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 | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $387.54M | $334.49M | $401.42M | $320.48M | $306.57M | $272.55M | $303.04M | $231.82M |
| Gross profit | $387.54M | $334.49M | $401.42M | $320.48M | $306.57M | $272.55M | $303.04M | $231.82M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and development | $202.55M | $191.62M | $184.87M | $168.11M | $154.60M | $152.62M | $148.21M | $134.29M |
| Selling, general and administrative | −$215.43M | $380.45M | $240.01M | $223.43M | −$117.09M | $326.72M | $275.45M | $283.72M |
| Operating expenses | $1.14B | $768.61M | $893.68M | $759.65M | $894.25M | $626.61M | $762.94M | $726.96M |
| Operating income | −$748.23M | −$434.12M | −$492.26M | −$439.17M | −$587.68M | −$354.06M | −$459.90M | −$495.14M |
| Operating margin | -193.1% | -129.8% | -122.6% | -137.0% | -191.7% | -129.9% | -151.8% | -213.6% |
| EBITDA | −$642.00M | −$371.87M | −$403.85M | −$373.84M | −$476.30M | −$323.09M | −$376.44M | −$448.67M |
| Interest income | $567.29M | $532.45M | $493.63M | $454.12M | $419.09M | $402.70M | $409.37M | $377.06M |
| Interest expense | −$118.51M | −$113.76M | −$111.72M | −$110.03M | −$105.91M | −$107.63M | −$107.76M | −$104.15M |
| Income before taxes | $169.10M | $107.38M | $133.24M | $83.02M | $71.58M | $5.34M | $82.86M | −$98.32M |
| Income taxes | −$1.45B | $4.48M | $3.65M | $2.33M | $2.34M | $2.54M | $2.50M | $1.90M |
| Net income | $1.62B | $102.90M | $129.59M | $80.69M | $69.24M | $2.80M | $80.36M | −$100.22M |
| Net margin | 417.2% | 30.8% | 32.3% | 25.2% | 22.6% | 1.0% | 26.5% | -43.2% |
| EPS, basic | $4.77 | $0.31 | $0.39 | $0.24 | $0.21 | $0.01 | $0.25 | −$0.31 |
| EPS, diluted | $4.62 | $0.30 | $0.37 | $0.23 | $0.19 | $0.01 | $0.23 | −$0.31 |
| Diluted shares | 349.65M | 348.10M | 349.37M | 348.28M | 356.44M | 344.22M | 345.20M | 318.23M |
Figures describe Affirm shares, not any token. As of Aug 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.