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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 | $1.24B | $1.20B | $1.26B | $1.29B | $1.23B | $1.20B | $1.17B | $1.32B |
| Cost of revenue | $354.00M | $337.00M | $375.00M | $403.00M | $403.00M | $383.00M | $438.00M | $492.00M |
| Gross profit | $887.00M | $862.00M | $888.00M | $889.00M | $830.00M | $812.00M | $728.00M | $827.00M |
| Gross margin | 71.5% | 71.9% | 70.3% | 68.8% | 67.3% | 67.9% | 62.4% | 62.7% |
| Selling, general and administrative | $148.00M | $135.00M | $90.00M | $148.00M | $133.00M | $124.00M | $64.00M | $135.00M |
| Operating expenses | $532.00M | $505.00M | $545.00M | $550.00M | $491.00M | $487.00M | $508.00M | $511.00M |
| Operating income | $340.00M | $342.00M | $343.00M | $344.00M | $309.00M | $285.00M | $210.00M | $281.00M |
| Operating margin | 27.4% | 28.5% | 27.2% | 26.6% | 25.1% | 23.8% | 18.0% | 21.3% |
| EBITDA | $340.00M | $342.00M | $343.00M | $344.00M | $309.00M | $285.00M | $210.00M | $281.00M |
| Income before taxes | $340.00M | $342.00M | $343.00M | $344.00M | $309.00M | $285.00M | $210.00M | $281.00M |
| Income taxes | $66.00M | $76.00M | $77.00M | $78.00M | $64.00M | $63.00M | $40.00M | $58.00M |
| Net income | $274.00M | $266.00M | $266.00M | $266.00M | $245.00M | $222.00M | $170.00M | $223.00M |
| Net margin | 22.1% | 22.2% | 21.1% | 20.6% | 19.9% | 18.6% | 14.6% | 16.9% |
| EPS, basic | $0.55 | $0.54 | $0.52 | $0.50 | $0.46 | $0.41 | $0.30 | $0.40 |
| EPS, diluted | $0.54 | $0.53 | $0.52 | $0.50 | $0.45 | $0.41 | $0.29 | $0.40 |
| Diluted shares | 480.10M | 486.87M | 497.05M | 510.35M | 513.61M | 523.42M | 534.20M | 537.97M |
Figures describe First Horizon 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.