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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 | $1.81B | $3.38B | $2.56B | $1.82B | $2.56B | $1.74B | $1.86B | $1.22B |
| Cost of revenue | $485.33M | $515.52M | $498.07M | $475.44M | $480.63M | $466.65M | $490.49M | $534.69M |
| Gross profit | $1.32B | $2.86B | $2.07B | $1.35B | $2.08B | $1.27B | $1.37B | $682.30M |
| Gross margin | 73.2% | 84.7% | 80.6% | 73.9% | 81.2% | 73.2% | 73.6% | 56.1% |
| Selling, general and administrative | $106.44M | $95.75M | $108.30M | $98.72M | $81.59M | $91.46M | $107.99M | $88.47M |
| Operating expenses | $926.99M | $827.28M | $891.71M | $847.74M | $940.06M | $776.72M | $870.41M | $718.57M |
| Operating income | $397.62M | $2.04B | $1.18B | $499.62M | $1.14B | $496.48M | $498.49M | −$36.27M |
| Operating margin | 22.0% | 60.3% | 45.8% | 27.4% | 44.5% | 28.5% | 26.8% | -3.0% |
| EBITDA | $1.09B | $2.69B | $1.89B | $1.19B | $1.76B | $1.12B | $1.22B | $553.03M |
| Interest income | $0 | $77.51M | $46.17M | $44.64M | $0 | $26.46M | $39.37M | $34.24M |
| Interest expense | −$75.45M | −$96.78M | −$105.53M | −$109.93M | −$105.67M | −$117.57M | −$186.44M | −$158.30M |
| Income before taxes | $366.38M | $1.99B | $954.70M | $536.48M | $1.09B | $394.09M | $574.11M | −$402.30M |
| Income taxes | $84.93M | $433.35M | $208.34M | $129.27M | $235.62M | $78.67M | $146.87M | −$104.87M |
| Net income | $281.45M | $1.55B | $746.37M | $407.22M | $856.66M | $315.42M | $427.25M | −$297.43M |
| Net margin | 15.6% | 46.0% | 29.1% | 22.3% | 33.5% | 18.1% | 23.0% | -24.4% |
| EPS, basic | $0.34 | $2.38 | $1.08 | $0.54 | $1.31 | $0.40 | $0.70 | −$0.54 |
| EPS, diluted | $0.34 | $2.36 | $1.08 | $0.53 | $1.30 | $0.40 | $0.69 | −$0.54 |
| Diluted shares | 629.05M | 629.21M | 628.78M | 628.32M | 602.92M | 602.84M | 608.88M | 559.60M |
Figures describe EQT shares, not any token. As of Jul 22, 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.