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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 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 | Q4 FY252025-03-31 | Q3 FY252024-12-31 | Q2 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $334.06M | $154.87M | $155.24M | $526.11M | $277.24M | $137.09M | $154.25M | $586.14M |
| Cost of revenue | $35.24M | $25.24M | $25.35M | $15.14M | $13.90M | $12.37M | $9.39M | $5.24M |
| Gross profit | $298.82M | $129.63M | $129.89M | $510.97M | $263.34M | $124.73M | $144.86M | $580.90M |
| Gross margin | 89.4% | 83.7% | 83.7% | 97.1% | 95.0% | 91.0% | 93.9% | 99.1% |
| Selling, general and administrative | $288.35M | $215.17M | $263.44M | $246.12M | $182.00M | $168.78M | $196.68M | $206.18M |
| Operating expenses | $347.30M | $16.19M | $381.41M | $348.22M | $284.20M | $37.97M | $425.73M | $327.75M |
| Operating income | −$48.48M | $113.44M | −$251.52M | $162.75M | −$20.86M | $86.76M | −$280.86M | $253.15M |
| Operating margin | -14.5% | 73.2% | -162.0% | 30.9% | -7.5% | 63.3% | -182.1% | 43.2% |
| EBITDA | −$48.48M | $127.30M | −$243.21M | $169.01M | −$20.86M | $91.21M | −$276.22M | $257.06M |
| Interest income | $295.11M | $243.45M | $228.79M | — | $198.57M | $203.44M | $224.69M | — |
| Interest expense | −$177.56M | −$145.45M | −$127.92M | −$102.26M | −$113.41M | −$134.38M | −$131.14M | −$124.67M |
| Income before taxes | $40.83M | $31.02M | $93.95M | $60.49M | $47.48M | −$163.83M | $98.33M | $128.49M |
| Income taxes | $9.17M | $23.04M | $17.71M | $21.77M | $10.12M | −$13.10M | $20.19M | $14.00M |
| Net income | $31.66M | $7.98M | $76.24M | $38.72M | $37.36M | −$150.73M | $78.14M | $114.49M |
| Net margin | 9.5% | 5.2% | 49.1% | 7.4% | 13.5% | -109.9% | 50.7% | 19.5% |
| EPS, basic | $0.52 | $0.13 | $1.27 | $0.65 | $0.62 | −$2.54 | $1.32 | $1.93 |
| EPS, diluted | $0.52 | $0.13 | $1.25 | $0.63 | $0.61 | −$2.49 | $1.29 | $1.89 |
| Diluted shares | 61.27M | 61.18M | 61.11M | 61.12M | 61.06M | 60.70M | 60.55M | 60.46M |
Figures describe Freedom shares, not any token. As of Aug 10, 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.