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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 | $1.06B | $1.04B | $1.68B | $1.59B | $1.10B | $844.57M | $1.51B | $887.67M |
| Cost of revenue | $451.19M | $558.11M | $1.02B | $984.11M | $597.32M | $500.17M | $946.37M | $442.36M |
| Gross profit | $605.00M | $486.13M | $665.34M | $610.75M | $499.85M | $344.40M | $567.66M | $445.31M |
| Gross margin | 57.3% | 46.6% | 39.5% | 38.3% | 45.6% | 40.8% | 37.5% | 50.2% |
| Research and development | $76.24M | $66.94M | $65.95M | $60.59M | $54.49M | $52.39M | $46.50M | $50.20M |
| Selling, general and administrative | $51.95M | $65.33M | $50.68M | $47.32M | $52.59M | $53.16M | $49.58M | $46.29M |
| Operating expenses | $154.62M | $140.83M | $117.42M | $144.65M | $138.24M | $123.16M | $110.89M | $123.31M |
| Operating income | $450.39M | $345.30M | $547.92M | $466.10M | $361.61M | $221.24M | $456.77M | $322.00M |
| Operating margin | 42.6% | 33.1% | 32.6% | 29.2% | 33.0% | 26.2% | 30.2% | 36.3% |
| EBITDA | $598.23M | $492.70M | $688.55M | $604.16M | $485.02M | $346.09M | $581.19M | $433.16M |
| Interest income | $29.92M | $28.86M | $27.49M | $23.31M | $12.10M | $18.87M | $14.67M | $22.58M |
| Interest expense | −$5.56M | −$7.62M | −$11.30M | −$14.12M | −$9.18M | −$9.53M | −$10.89M | −$9.01M |
| Income before taxes | $459.38M | $354.33M | $551.34M | $460.35M | $352.17M | $217.06M | $446.35M | $327.34M |
| Income taxes | $36.81M | $7.72M | $30.46M | $4.40M | $10.30M | $7.52M | $53.23M | $14.39M |
| Net income | $422.57M | $346.62M | $520.88M | $455.94M | $341.87M | $209.54M | $393.12M | $312.96M |
| Net margin | 40.0% | 33.2% | 31.0% | 28.6% | 31.2% | 24.8% | 26.0% | 35.3% |
| EPS, basic | $3.93 | $3.23 | $4.85 | $4.25 | $3.19 | $1.96 | $3.67 | $2.92 |
| EPS, diluted | $3.92 | $3.22 | $4.84 | $4.24 | $3.18 | $1.95 | $3.65 | $2.91 |
| Diluted shares | 107.73M | 107.62M | 107.68M | 107.54M | 107.52M | 107.42M | 107.61M | 107.56M |
Figures describe First Solar shares, not any token. As of Jul 30, 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.