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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 | $865.08M | $811.70M | $822.47M | $810.09M | $780.37M | $731.12M | $766.49M | $746.67M |
| Cost of revenue | $153.56M | $150.90M | $151.79M | $143.88M | $148.63M | $140.96M | $140.51M | $143.72M |
| Gross profit | $711.51M | $660.80M | $670.68M | $666.21M | $631.74M | $590.16M | $625.98M | $602.95M |
| Gross margin | 82.2% | 81.4% | 81.5% | 82.2% | 81.0% | 80.7% | 81.7% | 80.8% |
| Research and development | $164.66M | $151.04M | $141.16M | $136.39M | $136.35M | $136.56M | $130.52M | $123.95M |
| Selling, general and administrative | $333.62M | $331.06M | $315.38M | $310.00M | $299.08M | $294.71M | $279.06M | $287.98M |
| Operating expenses | $498.25M | $481.78M | $456.49M | $460.56M | $435.43M | $431.27M | $420.90M | $411.93M |
| Operating income | $213.27M | $179.02M | $214.19M | $205.65M | $196.32M | $158.90M | $205.08M | $191.03M |
| Operating margin | 24.7% | 22.1% | 26.0% | 25.4% | 25.2% | 21.7% | 26.8% | 25.6% |
| EBITDA | $236.67M | $203.28M | $238.76M | $244.61M | $218.79M | $181.37M | $239.07M | $213.95M |
| Income before taxes | $226.20M | $189.22M | $222.92M | $215.07M | $213.02M | $171.20M | $209.04M | $203.51M |
| Income taxes | $17.99M | $41.46M | $42.87M | $24.58M | $23.11M | $25.67M | $42.60M | $38.22M |
| Net income | $208.21M | $147.76M | $180.05M | $190.49M | $189.91M | $145.53M | $166.45M | $165.30M |
| Net margin | 24.1% | 18.2% | 21.9% | 23.5% | 24.3% | 19.9% | 21.7% | 22.1% |
| EPS, basic | $3.67 | $2.61 | $3.12 | $3.31 | $3.29 | $2.51 | $2.85 | $2.83 |
| EPS, diluted | $3.62 | $2.58 | $3.10 | $3.26 | $3.25 | $2.48 | $2.82 | $2.80 |
| Diluted shares | 57.55M | 57.30M | 58.16M | 58.68M | 58.49M | 58.76M | 59.06M | 59.36M |
Figures describe F5 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.