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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 | $913.00M | $846.00M | $1.06B | $960.00M | $829.00M | $799.00M | $981.00M | $812.00M |
| Cost of revenue | $676.00M | $634.00M | $791.00M | $738.00M | $632.00M | $618.00M | $746.00M | $633.00M |
| Gross profit | $237.00M | $212.00M | $269.00M | $222.00M | $197.00M | $181.00M | $235.00M | $179.00M |
| Gross margin | 26.0% | 25.1% | 25.4% | 23.1% | 23.8% | 22.7% | 24.0% | 22.0% |
| Selling, general and administrative | $129.00M | $130.00M | $136.00M | $123.00M | $121.00M | $117.00M | $108.00M | $98.00M |
| Operating expenses | $135.00M | $135.00M | $142.00M | $128.00M | $127.00M | $122.00M | $113.00M | $104.00M |
| Operating income | $102.00M | $77.00M | $127.00M | $94.00M | $70.00M | $59.00M | $122.00M | $75.00M |
| Operating margin | 11.2% | 9.1% | 12.0% | 9.8% | 8.4% | 7.4% | 12.4% | 9.2% |
| EBITDA | $128.00M | $101.00M | $151.00M | $117.00M | $93.00M | $82.00M | $145.00M | $98.00M |
| Interest income | $0 | $0 | −$1.00M | −$4.00M | $0 | $0 | −$4.00M | −$5.00M |
| Interest expense | $2.00M | $0 | $0 | — | −$2.00M | −$1.00M | $0 | — |
| Income before taxes | $100.00M | $77.00M | $124.00M | $87.00M | $67.00M | $58.00M | $111.00M | $69.00M |
| Income taxes | $14.00M | $15.00M | $22.00M | $15.00M | $13.00M | $8.00M | $22.00M | $12.00M |
| Net income | $86.00M | $62.00M | $102.00M | $72.00M | $54.00M | $50.00M | $89.00M | $57.00M |
| Net margin | 9.4% | 7.3% | 9.6% | 7.5% | 6.5% | 6.3% | 9.1% | 7.0% |
| EPS, basic | $0.33 | $0.23 | $0.38 | $0.27 | $0.20 | $0.19 | $0.34 | $0.22 |
| EPS, diluted | $0.32 | $0.23 | $0.38 | $0.26 | $0.20 | $0.19 | $0.33 | $0.21 |
| Diluted shares | 268.90M | 268.70M | 268.60M | 268.40M | 269.00M | 268.80M | 268.60M | 268.30M |
Figures describe Leonardo DRS shares, not any token. As of Jul 30, 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.