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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 | $3.35B | $3.09B | $2.98B | $3.00B | $3.06B | $2.88B | $2.85B | $2.79B |
| Cost of revenue | $993.57M | $913.35M | $900.16M | $902.45M | $885.99M | $838.40M | $866.25M | $855.52M |
| Gross profit | $2.35B | $2.17B | $2.08B | $2.10B | $2.18B | $2.04B | $1.98B | $1.94B |
| Gross margin | 70.3% | 70.4% | 69.8% | 70.0% | 71.1% | 70.8% | 69.6% | 69.4% |
| Selling, general and administrative | $1.20B | $1.18B | $1.08B | $1.06B | $1.08B | $1.04B | $1.05B | $966.03M |
| Operating expenses | $1.83B | $1.78B | $1.66B | $1.62B | $1.62B | $1.56B | $1.56B | $1.46B |
| Operating income | $525.60M | $397.06M | $420.32M | $477.17M | $559.06M | $479.25M | $415.73M | $473.26M |
| Operating margin | 15.7% | 12.9% | 14.1% | 15.9% | 18.2% | 16.7% | 14.6% | 16.9% |
| EBITDA | $637.73M | $503.60M | $521.49M | $575.10M | $655.47M | $572.63M | $500.14M | $572.78M |
| Income before taxes | $533.27M | $405.81M | $433.64M | $496.96M | $577.41M | $501.50M | $439.10M | $502.56M |
| Income taxes | $129.73M | $102.98M | $102.71M | $114.86M | $141.29M | $114.90M | $107.33M | $115.18M |
| Net income | $403.55M | $302.82M | $330.93M | $382.10M | $436.13M | $386.60M | $331.76M | $387.39M |
| Net margin | 12.1% | 9.8% | 11.1% | 12.7% | 14.2% | 13.4% | 11.7% | 13.9% |
| EPS, basic | $0.32 | $0.23 | $0.25 | $0.29 | $0.32 | $0.29 | $0.24 | $0.28 |
| EPS, diluted | $0.32 | $0.23 | $0.25 | $0.29 | $0.32 | $0.28 | $0.24 | $0.28 |
| Diluted shares | 1.28B | 1.30B | 1.32B | 1.34B | 1.35B | 1.36B | 1.37B | 1.37B |
Figures describe Chipotle Mexican Grill shares, not any token. As of Jul 31, 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.