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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 | 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 | Q2 FY242024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.20M | $66.32M | $67.20M | $70.97M | $63.28M | $61.85M | $72.54M | $72.27M |
| Cost of revenue | $20.25M | $19.60M | $20.31M | $21.77M | $18.90M | $20.88M | $18.12M | $17.63M |
| Gross profit | $21.95M | $46.73M | $46.89M | $49.19M | $44.37M | $40.97M | $54.42M | $54.64M |
| Gross margin | 52.0% | 70.4% | 69.8% | 69.3% | 70.1% | 66.2% | 75.0% | 75.6% |
| Selling, general and administrative | $880.00K | $896.00K | $895.00K | $896.00K | $888.00K | $968.00K | $1.04M | $1.20M |
| Operating expenses | $17.65M | $18.14M | $16.89M | $17.53M | $14.75M | $17.56M | $19.41M | $20.37M |
| Operating income | $4.30M | $28.58M | $30.00M | $31.67M | $29.62M | $23.41M | $35.01M | $34.27M |
| Operating margin | 10.2% | 43.1% | 44.6% | 44.6% | 46.8% | 37.9% | 48.3% | 47.4% |
| EBITDA | $4.30M | $28.58M | $30.00M | $31.67M | $29.62M | $23.41M | $35.01M | $34.27M |
| Income before taxes | $4.30M | $28.58M | $30.00M | $31.67M | $29.62M | $23.41M | $35.01M | $34.27M |
| Income taxes | $906.00K | $800.00K | $801.00K | $1.08M | $1.08M | $1.28M | $1.03M | $1.15M |
| Net income | $3.39M | $27.78M | $29.20M | $30.59M | $28.55M | $22.14M | $33.98M | $33.12M |
| Net margin | 8.0% | 41.9% | 43.5% | 43.1% | 45.1% | 35.8% | 46.8% | 45.8% |
| EPS, basic | $0.05 | $0.43 | $0.29 | $0.37 | $0.44 | $0.34 | $0.51 | $0.45 |
| EPS, diluted | $0.05 | $0.43 | $0.29 | $0.37 | $0.44 | $0.34 | $0.51 | $0.45 |
| Diluted shares | 64.87M | 64.87M | 64.87M | 64.87M | 64.68M | 64.56M | 64.56M | 64.56M |
Figures describe Bain Capital Specialty Finance shares, not any token. As of May 11, 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.