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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 | $662.78M | $671.02M | $754.41M | $751.94M | $762.04M | $758.16M | $788.95M | $791.61M |
| Cost of revenue | $207.34M | $224.14M | $232.54M | $239.23M | $224.43M | $226.40M | $240.43M | $233.27M |
| Gross profit | $455.45M | $446.88M | $521.87M | $512.71M | $537.61M | $531.76M | $548.51M | $558.34M |
| Gross margin | 68.7% | 66.6% | 69.2% | 68.2% | 70.5% | 70.1% | 69.5% | 70.5% |
| Selling, general and administrative | $36.86M | $34.69M | $28.02M | $29.22M | $29.13M | $30.68M | $32.73M | $43.95M |
| Operating expenses | $563.72M | $345.63M | $2.07B | $693.32M | $504.86M | $404.89M | $549.40M | $343.68M |
| Operating income | −$108.27M | $101.26M | −$1.55B | −$180.61M | $32.75M | $126.87M | −$889.00K | $214.66M |
| Operating margin | -16.3% | 15.1% | -204.8% | -24.0% | 4.3% | 16.7% | -0.1% | 27.1% |
| EBITDA | $418.59M | $412.20M | $493.85M | $483.49M | $508.48M | $501.09M | $515.78M | $514.40M |
| Interest income | $0 | $0 | $52.45M | $28.16M | $0 | $0 | −$14.87M | $15.24M |
| Interest expense | −$64.34M | −$64.58M | −$65.67M | −$54.85M | −$55.30M | −$50.88M | −$55.66M | −$43.55M |
| Income before taxes | −$38.97M | $398.38M | −$995.35M | −$197.85M | −$62.19M | $38.66M | −$16.10M | $213.60M |
| Net income | −$38.97M | $398.38M | −$995.35M | −$197.85M | −$62.19M | $38.66M | −$16.10M | $213.60M |
| Net margin | -5.9% | 59.4% | -131.9% | -26.3% | -8.2% | 5.1% | -2.0% | 27.0% |
| EPS, basic | −$0.43 | $2.10 | −$6.35 | −$1.38 | −$0.64 | −$0.07 | −$0.38 | $0.96 |
| EPS, diluted | −$0.43 | $2.10 | −$6.35 | −$1.38 | −$0.64 | −$0.07 | −$0.38 | $0.96 |
| Diluted shares | 170.72M | 170.87M | 170.39M | 170.18M | 170.14M | 170.52M | 172.17M | 172.06M |
Figures describe Alexandria Real Estate Equities shares, not any token. As of Aug 3, 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.