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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 | 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 | Q2 FY242024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.75M | $33.02M | — | — | $75.55M | $69.14M | — | — |
| Cost of revenue | $28.48M | $30.99M | $0 | $0 | $30.46M | $30.94M | $0 | $0 |
| Gross profit | −$17.73M | $2.03M | — | — | $45.09M | $38.20M | — | — |
| Gross margin | -164.9% | 6.1% | — | — | 59.7% | 55.3% | — | — |
| Selling, general and administrative | $1.44M | $3.62M | $8.70M | $8.70M | $1.02M | $1.04M | $7.71M | $7.32M |
| Operating expenses | $9.14M | $13.39M | $14.23M | $12.55M | $14.76M | $13.55M | $12.15M | $12.89M |
| Operating income | −$26.87M | −$11.36M | −$14.23M | −$12.55M | $30.33M | $24.66M | −$12.15M | −$12.89M |
| Operating margin | -250.0% | -34.4% | — | — | 40.1% | 35.7% | — | — |
| EBITDA | −$26.87M | −$7.96M | −$14.23M | −$12.55M | $30.33M | $24.66M | −$12.15M | −$12.89M |
| Interest income | — | — | $81.51M | $81.25M | — | — | $80.82M | $69.16M |
| Interest expense | — | — | −$33.04M | −$32.58M | — | — | −$31.85M | −$26.99M |
| Income before taxes | −$26.87M | −$12.73M | $27.45M | $18.12M | $30.33M | $24.06M | $26.72M | $22.56M |
| Net income | −$26.87M | −$12.73M | $27.45M | $18.12M | $30.33M | $24.06M | $26.72M | $22.56M |
| Net margin | -250.0% | -38.6% | — | — | 40.1% | 34.8% | — | — |
| EPS, basic | −$0.30 | −$0.14 | $0.29 | $0.19 | $0.32 | $0.26 | $0.31 | $0.35 |
| EPS, diluted | −$0.30 | −$0.14 | $0.29 | $0.19 | $0.32 | $0.26 | $0.31 | $0.35 |
| Diluted shares | 91.05M | 92.75M | 93.30M | 93.30M | 93.68M | 94.06M | 87.27M | 65.25M |
Figures describe MidCap Financial Investment shares, not any token. As of May 6, 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.