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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 FY262026-05-31 | Q1 FY262026-02-28 | Q4 FY252025-11-30 | Q3 FY252025-08-31 | Q2 FY252025-05-31 | Q1 FY252025-02-28 | Q4 FY242024-11-30 | Q3 FY242024-08-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.94B | $6.62B | $9.37B | $8.81B | $8.38B | $7.63B | $9.95B | $9.42B |
| Cost of revenue | $7.38B | $6.23B | $8.54B | $7.92B | $7.57B | $6.77B | $8.39B | $7.94B |
| Gross profit | $554.96M | $390.70M | $829.05M | $892.60M | $804.43M | $861.05M | $1.56B | $1.47B |
| Gross margin | 7.0% | 5.9% | 8.9% | 10.1% | 9.6% | 11.3% | 15.6% | 15.6% |
| Selling, general and administrative | $136.15M | $157.64M | $162.09M | $171.40M | $155.85M | $147.38M | $170.01M | $164.67M |
| Operating expenses | $156.67M | $174.50M | $185.12M | $192.98M | $175.98M | $165.21M | $192.22M | $186.19M |
| Operating income | $398.30M | $216.20M | $643.93M | $699.61M | $628.45M | $695.84M | $1.36B | $1.29B |
| Operating margin | 5.0% | 3.3% | 6.9% | 7.9% | 7.5% | 9.1% | 13.7% | 13.7% |
| EBITDA | $433.62M | $249.59M | $678.91M | $733.78M | $662.27M | $727.17M | $1.39B | $1.32B |
| Income before taxes | $413.19M | $302.45M | $683.04M | $790.70M | $641.88M | $698.24M | $1.46B | $1.54B |
| Income taxes | $105.06M | $69.09M | $185.09M | $190.89M | $160.06M | $169.53M | $358.06M | $347.86M |
| Net income | $308.13M | $233.36M | $497.96M | $599.81M | $481.82M | $528.71M | $1.10B | $1.19B |
| Net margin | 3.9% | 3.5% | 5.3% | 6.8% | 5.8% | 6.9% | 11.1% | 12.6% |
| EPS, basic | $1.24 | $0.93 | $1.93 | $2.29 | $1.81 | $1.96 | $4.06 | $4.26 |
| EPS, diluted | $1.24 | $0.93 | $1.93 | $2.29 | $1.81 | $1.96 | $4.06 | $4.26 |
| Diluted shares | 240.78M | 244.44M | 252.36M | 255.60M | 260.29M | 262.73M | 267.26M | 270.16M |
Figures describe Lennar shares, not any token. As of Jun 29, 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.