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Where the tokens are
Trade DELL perpsStandardised 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 FY272026-07-31 | Q1 FY272026-05-01 | Q4 FY262026-01-30 | Q3 FY262025-10-31 | Q2 FY262025-08-01 | Q1 FY262025-05-02 | Q4 FY252025-01-31 | Q3 FY252024-11-01 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.97B | $43.84B | $33.38B | $27.01B | $29.78B | $23.38B | $23.93B | $24.37B |
| Cost of revenue | $37.14B | $36.06B | $26.65B | $21.41B | $24.33B | $18.44B | $18.25B | $19.01B |
| Gross profit | $9.83B | $7.78B | $6.73B | $5.59B | $5.45B | $4.94B | $5.68B | $5.36B |
| Gross margin | 20.9% | 17.8% | 20.2% | 20.7% | 18.3% | 21.1% | 23.7% | 22.0% |
| Research and development | $1.11B | $983.00M | $797.00M | $752.00M | $785.00M | $808.00M | $773.00M | $745.00M |
| Selling, general and administrative | $3.34B | $3.14B | $2.84B | $2.72B | $2.89B | $2.96B | $2.75B | $2.89B |
| Operating expenses | $4.45B | $4.13B | $3.64B | $3.47B | $3.67B | $3.77B | $3.52B | $3.64B |
| Operating income | $5.39B | $3.66B | $3.09B | $2.12B | $1.77B | $1.17B | $2.16B | $1.72B |
| Operating margin | 11.5% | 8.3% | 9.3% | 7.8% | 6.0% | 5.0% | 9.0% | 7.1% |
| EBITDA | $6.14B | $4.41B | $3.87B | $2.88B | $2.54B | $1.90B | $2.93B | $2.49B |
| Interest expense | −$254.00M | $0 | $0 | — | −$333.00M | $0 | $0 | — |
| Income before taxes | $5.13B | $3.95B | $2.80B | $1.94B | $1.44B | $1.08B | $1.97B | $1.45B |
| Income taxes | $998.00M | $510.00M | $540.00M | $393.00M | $276.00M | $118.00M | $440.00M | $275.00M |
| Net income | $4.13B | $3.44B | $2.26B | $1.55B | $1.16B | $965.00M | $1.53B | $1.17B |
| Net margin | 8.8% | 7.8% | 6.8% | 5.7% | 3.9% | 4.1% | 6.4% | 4.8% |
| EPS, basic | $6.41 | $5.30 | $3.43 | $2.31 | $1.72 | $1.39 | $2.19 | $1.67 |
| EPS, diluted | $6.34 | $5.24 | $3.38 | $2.28 | $1.70 | $1.37 | $2.15 | $1.64 |
| Diluted shares | 652.00M | 656.00M | 668.00M | 680.00M | 686.00M | 702.00M | 712.00M | 717.00M |
Figures describe Dell Technologies Inc. shares, not any token. As of Sep 8, 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.