Loading the security overview…
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 | $980.00M | $663.00M | $665.90M | $683.00M | $934.00M | $643.00M | $624.20M | $628.50M |
| Cost of revenue | $561.00M | $460.00M | $469.20M | $478.70M | $542.00M | $453.00M | $444.50M | $442.90M |
| Gross profit | $419.00M | $203.00M | $196.70M | $204.30M | $392.00M | $190.00M | $179.70M | $185.60M |
| Gross margin | 42.8% | 30.6% | 29.5% | 29.9% | 42.0% | 29.5% | 28.8% | 29.5% |
| Selling, general and administrative | $61.00M | $59.00M | $71.50M | $59.30M | $61.00M | $55.00M | $65.70M | $59.80M |
| Operating expenses | $62.00M | $60.00M | $73.20M | $106.30M | $65.00M | $55.00M | $52.90M | $59.70M |
| Operating income | $357.00M | $143.00M | $123.50M | $98.00M | $327.00M | $135.00M | $126.80M | $125.90M |
| Operating margin | 36.4% | 21.6% | 18.5% | 14.3% | 35.0% | 21.0% | 20.3% | 20.0% |
| EBITDA | $417.00M | $200.00M | $184.80M | $201.50M | $389.00M | $194.00M | $167.40M | $175.40M |
| Interest expense | −$70.00M | −$72.00M | −$75.60M | −$75.60M | −$75.00M | −$72.00M | −$72.80M | −$73.10M |
| Income before taxes | $328.00M | $113.00M | $83.30M | $61.20M | $292.00M | $96.00M | $91.00M | $86.10M |
| Income taxes | $86.00M | $30.00M | $31.80M | $22.00M | $74.00M | $19.00M | $18.70M | $19.90M |
| Net income | $242.00M | $83.00M | $51.50M | $39.20M | $218.00M | $77.00M | $72.30M | $66.20M |
| Net margin | 24.7% | 12.5% | 7.7% | 5.7% | 23.3% | 12.0% | 11.6% | 10.5% |
| EPS, basic | $3.43 | $1.16 | $0.77 | $0.54 | $3.02 | $1.02 | $0.99 | $0.87 |
| EPS, diluted | $3.42 | $1.16 | $0.76 | $0.54 | $2.99 | $1.02 | $0.99 | $0.86 |
| Diluted shares | 70.00M | 70.00M | 70.20M | 71.00M | 72.00M | 74.00M | 74.50M | 74.60M |
Figures describe Churchill Downs 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.