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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 | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $350.05M | $335.42M | $297.00M | $294.82M | $323.14M | $308.80M | $287.48M | $269.87M |
| Cost of revenue | $107.33M | $91.91M | $54.08M | $57.89M | $80.78M | $74.50M | $55.93M | $51.72M |
| Gross profit | $242.72M | $243.51M | $242.92M | $236.94M | $242.36M | $234.30M | $231.55M | $218.15M |
| Gross margin | 69.3% | 72.6% | 81.8% | 80.4% | 75.0% | 75.9% | 80.5% | 80.8% |
| Selling, general and administrative | $22.56M | $22.35M | $21.47M | $21.32M | $22.13M | $23.02M | $20.77M | $22.87M |
| Operating expenses | $60.81M | $66.22M | $147.42M | $56.44M | $55.91M | $57.03M | $52.91M | $55.72M |
| Operating income | $181.91M | $177.30M | $95.51M | $180.49M | $186.44M | $177.27M | $178.65M | $162.43M |
| Operating margin | 52.0% | 52.9% | 32.2% | 61.2% | 57.7% | 57.4% | 62.1% | 60.2% |
| EBITDA | $242.22M | $241.83M | $238.73M | $232.79M | $237.48M | $228.50M | $229.11M | $212.96M |
| Interest income | $0 | $0 | −$46.84M | −$47.20M | $0 | $0 | −$49.72M | −$51.81M |
| Interest expense | −$55.68M | −$54.03M | $0 | — | −$47.96M | −$48.41M | $0 | — |
| Income before taxes | $154.48M | $155.91M | $77.19M | $161.67M | $168.50M | $156.83M | $155.79M | $137.94M |
| Income taxes | $40.97M | $37.64M | $25.26M | $45.69M | $43.99M | $36.10M | $44.60M | $38.20M |
| Net income | $113.52M | $118.27M | $51.93M | $115.98M | $124.51M | $120.74M | $111.19M | $99.74M |
| Net margin | 32.4% | 35.3% | 17.5% | 39.3% | 38.5% | 39.1% | 38.7% | 37.0% |
| EPS, basic | $0.24 | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.23 | $0.21 |
| EPS, diluted | $0.24 | $0.25 | $0.11 | $0.24 | $0.26 | $0.25 | $0.23 | $0.21 |
| Diluted shares | 477.11M | 477.96M | 480.07M | 481.81M | 482.45M | 484.38M | 486.38M | 485.53M |
Figures describe Antero Midstream shares, not any token. As of Jul 29, 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.