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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 | $1.66B | $4.23B | $3.28B | $1.45B | $2.36B | $4.58B | $3.62B | $3.07B |
| Cost of revenue | $997.00M | $1.16B | $1.16B | $1.25B | $1.28B | $1.45B | $1.38B | $1.33B |
| Gross profit | $661.00M | $3.07B | $2.11B | $199.00M | $1.09B | $3.13B | $2.23B | $1.74B |
| Gross margin | 39.9% | 72.6% | 64.5% | 13.7% | 46.0% | 68.4% | 61.7% | 56.7% |
| Selling, general and administrative | $642.00M | $625.00M | $640.00M | $601.00M | $592.00M | $601.00M | $683.00M | $571.00M |
| Operating expenses | $1.90B | $3.28B | $2.89B | $2.74B | $2.48B | $4.35B | $2.38B | $3.03B |
| Operating income | −$238.00M | $949.00M | $391.00M | −$1.29B | −$122.00M | $229.00M | $1.24B | $44.00M |
| Operating margin | -14.4% | 22.4% | 11.9% | -88.8% | -5.2% | 5.0% | 34.3% | 1.4% |
| EBITDA | $1.00M | $1.17B | $611.00M | −$1.07B | $98.00M | $442.00M | $1.46B | $256.00M |
| Interest expense | −$56.00M | −$62.00M | −$47.00M | −$61.00M | −$61.00M | −$55.00M | −$52.00M | −$55.00M |
| Income before taxes | −$493.00M | $887.00M | $344.00M | −$1.35B | −$363.00M | $174.00M | $1.19B | −$11.00M |
| Income taxes | −$140.00M | $156.00M | $33.00M | −$133.00M | −$80.00M | $24.00M | $179.00M | −$39.00M |
| Net income | −$353.00M | $731.00M | $311.00M | −$1.22B | −$283.00M | $150.00M | $1.01B | $28.00M |
| Net margin | -21.3% | 17.3% | 9.5% | -83.8% | -12.0% | 3.3% | 27.9% | 0.9% |
| EPS, basic | −$1.68 | $2.16 | $0.71 | −$4.47 | −$1.21 | $0.16 | $2.77 | −$0.46 |
| EPS, diluted | −$1.68 | $2.14 | $0.72 | −$4.47 | −$1.21 | $0.16 | $2.70 | −$0.46 |
| Diluted shares | 278.30M | 283.80M | 281.10M | 296.20M | 303.20M | 311.90M | 321.00M | 318.20M |
Figures describe Equitable shares, not any token. As of Aug 6, 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.