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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 | $953.09M | $830.70M | $662.03M | $667.06M | $676.24M | $502.08M | $498.82M | $465.79M |
| Cost of revenue | $635.78M | $524.27M | $368.83M | $362.92M | $369.26M | $248.71M | $257.73M | $219.50M |
| Gross profit | $317.30M | $306.43M | $293.20M | $304.14M | $306.98M | $253.37M | $241.09M | $246.30M |
| Gross margin | 33.3% | 36.9% | 44.3% | 45.6% | 45.4% | 50.5% | 48.3% | 52.9% |
| Selling, general and administrative | $2.25M | $2.41M | $2.09M | $1.83M | $2.44M | $3.12M | $3.57M | $4.05M |
| Operating expenses | $122.50M | $136.05M | $114.24M | $103.27M | $96.50M | $102.41M | $102.55M | $97.02M |
| Operating income | $194.81M | $170.38M | $178.97M | $200.88M | $210.48M | $150.96M | $138.54M | $149.28M |
| Operating margin | 20.4% | 20.5% | 27.0% | 30.1% | 31.1% | 30.1% | 27.8% | 32.0% |
| EBITDA | $247.49M | $239.03M | $212.59M | $275.80M | $270.21M | $217.81M | $171.94M | $228.07M |
| Interest expense | −$64.10M | −$61.41M | −$60.96M | −$60.78M | −$63.97M | −$62.04M | −$60.88M | −$57.94M |
| Income before taxes | $150.71M | $169.36M | $134.12M | $144.05M | $203.28M | $125.25M | $108.07M | $93.81M |
| Income taxes | $25.62M | $31.46M | $18.55M | $26.33M | $37.88M | $22.86M | $5.62M | $7.33M |
| Net income | $125.09M | $137.90M | $115.56M | $117.72M | $165.40M | $102.39M | $102.45M | $86.48M |
| Net margin | 13.1% | 16.6% | 17.5% | 17.6% | 24.5% | 20.4% | 20.5% | 18.6% |
| EPS, basic | $1.15 | $1.31 | $1.09 | $1.11 | $1.58 | $0.88 | $0.85 | $0.76 |
| EPS, diluted | $1.13 | $1.29 | $1.06 | $1.10 | $1.57 | $0.87 | $0.86 | $0.76 |
| Diluted shares | 104.04M | 104.26M | 105.11M | 103.97M | 103.15M | 103.16M | 100.84M | 103.40M |
Figures describe FTAI Aviation shares, not any token. As of Jul 31, 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.