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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 | $64.01M | $55.46M | $58.01M | $53.68M | $51.63M | $54.08M | $58.01M | $53.97M |
| Cost of revenue | $40.92M | $34.38M | $36.37M | $32.17M | $30.69M | $31.53M | $33.31M | $32.73M |
| Gross profit | $23.09M | $21.08M | $21.64M | $21.50M | $20.94M | $22.55M | $24.70M | $21.24M |
| Gross margin | 36.1% | 38.0% | 37.3% | 40.1% | 40.6% | 41.7% | 42.6% | 39.3% |
| Research and development | $37.81M | $38.53M | $35.52M | $37.99M | $38.47M | $42.12M | $38.25M | $45.97M |
| Selling, general and administrative | $20.36M | $21.42M | $19.15M | $20.82M | $18.36M | $19.37M | $20.33M | $20.85M |
| Operating expenses | $58.17M | $59.95M | $55.59M | $59.85M | $63.93M | $61.48M | $58.59M | $71.14M |
| Operating income | −$35.08M | −$38.87M | −$33.95M | −$38.34M | −$42.99M | −$38.93M | −$33.90M | −$49.90M |
| Operating margin | -54.8% | -70.1% | -58.5% | -71.4% | -83.3% | -72.0% | -58.4% | -92.5% |
| EBITDA | −$23.90M | −$27.65M | −$23.03M | −$27.06M | −$25.46M | −$29.19M | −$25.35M | −$33.50M |
| Interest income | $1.22M | $873.00K | $1.14M | $1.66M | $2.23M | $2.27M | $1.21M | $994.00K |
| Interest expense | −$4.69M | −$4.34M | −$4.25M | −$4.35M | −$4.53M | −$4.52M | −$2.84M | −$2.18M |
| Income before taxes | −$39.40M | −$47.44M | −$34.50M | −$41.06M | −$41.05M | −$37.12M | −$34.95M | −$54.91M |
| Income taxes | −$448.00K | −$319.00K | −$3.27M | −$363.00K | $565.00K | $56.00K | −$584.00K | −$315.00K |
| Net income | −$38.95M | −$47.12M | −$31.23M | −$40.69M | −$41.62M | −$37.17M | −$34.37M | −$54.60M |
| Net margin | -60.9% | -85.0% | -53.8% | -75.8% | -80.6% | -68.7% | -59.2% | -101.2% |
| EPS, basic | −$0.17 | −$0.21 | −$0.15 | −$0.19 | −$0.20 | −$0.18 | −$0.18 | −$0.28 |
| EPS, diluted | −$0.17 | −$0.21 | −$0.15 | −$0.19 | −$0.20 | −$0.18 | −$0.18 | −$0.28 |
| Diluted shares | 212.01M | 207.03M | 202.83M | 199.33M | 195.37M | 191.46M | 185.86M | 179.49M |
Figures describe Indie Semiconductor shares, not any token. As of Aug 7, 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.