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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 | $2.25B | $1.98B | $2.12B | $2.09B | $1.99B | $1.72B | $1.86B | $1.83B |
| Cost of revenue | $1.55B | $1.36B | $1.44B | $1.43B | $1.38B | $1.18B | $1.29B | $1.26B |
| Gross profit | $703.00M | $620.00M | $678.00M | $652.00M | $615.00M | $542.00M | $575.00M | $567.00M |
| Gross margin | 31.2% | 31.3% | 32.0% | 31.3% | 30.9% | 31.5% | 30.9% | 31.1% |
| Selling, general and administrative | $528.00M | $517.00M | $514.00M | $489.00M | $472.00M | $458.00M | $459.00M | $425.00M |
| Operating expenses | $528.00M | $517.00M | $514.00M | $489.00M | $472.00M | $458.00M | $459.00M | $425.00M |
| Operating income | $175.00M | $103.00M | $164.00M | $163.00M | $143.00M | $84.00M | $116.00M | $142.00M |
| Operating margin | 7.8% | 5.2% | 7.7% | 7.8% | 7.2% | 4.9% | 6.2% | 7.8% |
| EBITDA | $264.00M | $187.00M | $249.00M | $244.00M | $224.00M | $164.00M | $197.00M | $219.00M |
| Interest income | −$1.00M | −$2.00M | −$35.00M | −$33.00M | $2.00M | $0 | −$38.00M | −$42.00M |
| Interest expense | −$36.00M | −$30.00M | $0 | — | −$37.00M | −$38.00M | $0 | — |
| Income before taxes | $138.00M | $71.00M | $129.00M | $130.00M | $108.00M | $46.00M | $78.00M | $100.00M |
| Income taxes | $39.00M | $14.00M | $32.00M | $37.00M | $31.00M | $11.00M | $11.00M | $31.00M |
| Net income | $99.00M | $57.00M | $97.00M | $93.00M | $77.00M | $35.00M | $67.00M | $69.00M |
| Net margin | 4.4% | 2.9% | 4.6% | 4.5% | 3.9% | 2.0% | 3.6% | 3.8% |
| EPS, basic | $0.21 | $0.12 | −$1.13 | $0.20 | $0.17 | $0.07 | −$0.05 | $0.15 |
| EPS, diluted | $0.20 | $0.12 | −$1.22 | $0.20 | $0.16 | $0.07 | −$0.05 | $0.15 |
| Diluted shares | 436.90M | 435.08M | 388.31M | 429.47M | 427.65M | 417.42M | 528.84M | 413.88M |
Figures describe APi shares, not any token. As of Jul 30, 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.