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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 | $4.54B | $5.31B | $4.92B | $4.56B | $4.04B | $4.69B | $5.06B | $4.11B |
| Cost of revenue | $1.92B | $2.06B | $1.97B | $1.93B | $1.99B | $2.07B | $1.97B | $1.94B |
| Gross profit | $2.62B | $3.25B | $2.95B | $2.63B | $2.05B | $2.62B | $3.09B | $2.17B |
| Gross margin | 57.7% | 61.3% | 59.9% | 57.7% | 50.7% | 55.9% | 61.1% | 52.9% |
| Operating expenses | $2.87B | $5.52B | $3.97B | $3.95B | $3.30B | $5.62B | $2.90B | $4.78B |
| Operating income | $1.67B | −$211.00M | $951.00M | $604.00M | $747.00M | −$928.00M | $2.16B | −$667.00M |
| Operating margin | 36.8% | -4.0% | 19.3% | 13.3% | 18.5% | -19.8% | 42.7% | -16.2% |
| EBITDA | $1.67B | −$211.00M | $951.00M | $604.00M | $747.00M | −$928.00M | $2.16B | −$667.00M |
| Interest expense | −$82.00M | −$81.00M | −$81.00M | −$79.00M | $13.00M | −$80.00M | −$83.00M | −$86.00M |
| Income before taxes | $1.64B | −$246.00M | $915.00M | $524.00M | $848.00M | −$949.00M | $2.10B | −$703.00M |
| Income taxes | $311.00M | −$74.00M | $161.00M | $79.00M | $149.00M | −$227.00M | $413.00M | −$175.00M |
| Net income | $1.33B | −$172.00M | $754.00M | $445.00M | $699.00M | −$722.00M | $1.69B | −$528.00M |
| Net margin | 29.3% | -3.2% | 15.3% | 9.8% | 17.3% | -15.4% | 33.3% | -12.8% |
| EPS, basic | $6.85 | −$1.08 | $3.88 | $2.15 | $3.88 | −$4.41 | $9.82 | −$3.29 |
| EPS, diluted | $6.72 | −$1.10 | $3.81 | $2.12 | $3.80 | −$4.41 | $9.61 | −$3.29 |
| Diluted shares | 196.42M | 196.50M | 195.25M | 194.30M | 180.60M | 174.09M | 174.75M | 172.85M |
Figures describe Lincoln National 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.