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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 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 | Q2 FY242024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.19B | $1.34B | $1.20B | $1.08B | $857.47M | $1.48B | $1.18B |
| Cost of revenue | $1.11B | $971.70M | $1.07B | $933.57M | $884.40M | $692.47M | $1.18B | $960.51M |
| Gross profit | $274.82M | $216.75M | $268.96M | $266.49M | $199.80M | $165.00M | $301.05M | $216.39M |
| Gross margin | 19.8% | 18.2% | 20.1% | 22.2% | 18.4% | 19.2% | 20.4% | 18.4% |
| Selling, general and administrative | $196.82M | $192.17M | $201.48M | $159.89M | $198.90M | $123.18M | $173.35M | $156.27M |
| Operating expenses | $196.82M | $192.17M | $201.48M | $159.89M | $198.90M | $123.18M | $173.35M | $156.27M |
| Operating income | $78.00M | $24.58M | $67.48M | $106.60M | $903.44K | $41.82M | $127.70M | $60.12M |
| Operating margin | 5.6% | 2.1% | 5.0% | 8.9% | 0.1% | 4.9% | 8.6% | 5.1% |
| EBITDA | $354.75M | $274.95M | $337.27M | $337.91M | $222.80M | $264.58M | $127.70M | $344.36M |
| Interest expense | −$116.75M | −$100.93M | −$108.28M | −$86.75M | −$146.22M | −$87.15M | −$124.62M | −$137.51M |
| Income before taxes | −$131.07M | −$196.80M | $34.23M | $202.66M | −$185.07M | −$206.66M | $96.22M | −$438.29M |
| Income taxes | −$15.24M | −$38.32M | −$22.49M | $16.62M | −$36.42M | −$95.01M | $15.05M | −$42.49M |
| Net income | −$115.83M | −$158.48M | $102.25M | $186.04M | −$2.66B | −$111.05M | $81.17M | −$351.45M |
| Net margin | -8.3% | -13.3% | 7.6% | 15.5% | -245.8% | -13.0% | 5.5% | -29.9% |
| EPS, basic | −$0.33 | −$0.44 | $0.19 | $0.49 | −$0.43 | −$0.41 | $0.22 | −$0.93 |
| EPS, diluted | −$0.33 | −$0.44 | $0.19 | $0.47 | −$0.42 | −$0.41 | $0.22 | −$0.93 |
| Diluted shares | 361.37M | 369.56M | 389.29M | 383.21M | 372.01M | 388.46M | 376.60M | 376.60M |
Figures describe GFL Environmental 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.