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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 | Q3 FY262026-06-30 | Q2 FY262026-03-31 | Q1 FY262025-12-31 | Q4 FY252025-09-30 | Q3 FY252025-06-30 | Q2 FY252025-03-31 | Q1 FY252024-12-31 | Q4 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.23B | $7.56B | $6.89B | $9.68B | $9.23B | $7.73B | $7.61B | $10.00B |
| Cost of revenue | $7.08B | $5.85B | $5.29B | $7.58B | $7.02B | $5.83B | $5.70B | $7.45B |
| Gross profit | $2.15B | $1.70B | $1.59B | $2.10B | $2.21B | $1.90B | $1.91B | $2.55B |
| Gross margin | 23.3% | 22.5% | 23.2% | 21.7% | 23.9% | 24.6% | 25.1% | 25.5% |
| Selling, general and administrative | $991.20M | $903.30M | $865.10M | $970.90M | $944.30M | $898.70M | $878.10M | $960.30M |
| Operating expenses | $991.20M | $903.30M | $865.10M | $970.90M | $944.30M | $898.70M | $878.10M | $960.30M |
| Operating income | $1.16B | $800.00M | $729.60M | $1.13B | $1.26B | $1.00B | $1.03B | $1.59B |
| Operating margin | 12.5% | 10.6% | 10.6% | 11.6% | 13.7% | 12.9% | 13.6% | 15.9% |
| EBITDA | $1.18B | $828.10M | $757.30M | $1.15B | $1.29B | $1.03B | $1.06B | $1.62B |
| Income before taxes | $1.23B | $867.40M | $798.10M | $1.20B | $1.36B | $1.07B | $1.11B | $1.71B |
| Income taxes | $307.50M | $209.40M | $196.70M | $288.00M | $325.00M | $248.00M | $258.00M | $409.90M |
| Net income | $918.70M | $658.00M | $601.40M | $916.80M | $1.03B | $819.10M | $851.90M | $1.30B |
| Net margin | 10.0% | 8.7% | 8.7% | 9.5% | 11.2% | 10.6% | 11.2% | 13.0% |
| EPS, basic | $3.21 | $2.25 | $2.03 | $3.05 | $3.37 | $2.59 | $2.63 | $3.94 |
| EPS, diluted | $3.20 | $2.24 | $2.03 | $3.04 | $3.36 | $2.58 | $2.61 | $3.91 |
| Diluted shares | 283.00M | 289.00M | 292.30M | 309.90M | 304.90M | 314.00M | 321.50M | 331.60M |
Figures describe D.R. Horton shares, not any token. As of Jul 23, 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.