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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 | $2.37B | $2.33B | $1.99B | $2.12B | $2.18B | $2.64B | $2.71B | $2.53B |
| Cost of revenue | $0 | $166.00M | $214.00M | $294.00M | $0 | $578.00M | $486.00M | $415.00M |
| Gross profit | $2.37B | $2.16B | $1.78B | $1.82B | $2.18B | $2.06B | $2.23B | $2.12B |
| Gross margin | 100.0% | 92.9% | 89.3% | 86.1% | 100.0% | 78.1% | 82.1% | 83.6% |
| Selling, general and administrative | $68.00M | $115.00M | $91.00M | $95.00M | $66.00M | $98.00M | $102.00M | $92.00M |
| Operating expenses | $1.06B | $1.16B | $1.22B | $1.17B | $1.52B | $1.33B | $1.43B | $2.37B |
| Operating income | $1.31B | $999.00M | $560.00M | $654.00M | $660.00M | $730.00M | $801.00M | −$249.00M |
| Operating margin | 55.2% | 42.9% | 28.1% | 30.9% | 30.3% | 27.7% | 29.5% | -9.8% |
| EBITDA | $1.87B | $1.56B | $1.21B | $1.24B | $1.24B | $1.41B | $1.48B | $1.47B |
| Interest expense | −$58.00M | −$57.00M | −$58.00M | −$46.00M | −$66.00M | $57.00M | −$91.00M | −$100.00M |
| Income before taxes | $1.28B | $830.00M | $489.00M | $511.00M | $1.03B | $763.00M | $500.00M | −$340.00M |
| Income taxes | $450.00M | $287.00M | $158.00M | $233.00M | $363.00M | $345.00M | $75.00M | −$201.00M |
| Net income | $827.00M | $543.00M | $331.00M | $278.00M | $665.00M | $418.00M | $425.00M | −$139.00M |
| Net margin | 34.9% | 23.3% | 16.6% | 13.1% | 30.5% | 15.9% | 15.7% | -5.5% |
| EPS, basic | $2.11 | $1.26 | $0.79 | $0.57 | $1.67 | $0.96 | $0.96 | −$0.60 |
| EPS, diluted | $2.11 | $1.26 | $0.79 | $0.57 | $1.67 | $0.96 | $0.96 | −$0.60 |
| Diluted shares | 354.00M | 354.00M | 353.00M | 358.00M | 361.00M | 364.00M | 368.00M | 370.00M |
Figures describe APA shares, not any token. As of Aug 6, 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.