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Where the tokens are
Trade MRVL perpsStandardised 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 FY272026-08-01 | Q1 FY272026-05-02 | Q4 FY262026-01-31 | Q3 FY262025-11-01 | Q2 FY262025-08-02 | Q1 FY262025-05-03 | Q4 FY252025-02-01 | Q3 FY252024-11-02 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74B | $2.42B | $2.22B | $2.07B | $2.01B | $1.90B | $1.82B | $1.52B |
| Cost of revenue | $1.28B | $1.16B | $1.07B | $1.00B | $995.50M | $942.90M | $900.00M | $1.17B |
| Gross profit | $1.46B | $1.26B | $1.15B | $1.07B | $1.01B | $952.40M | $917.40M | $349.40M |
| Gross margin | 53.1% | 52.1% | 51.7% | 51.6% | 50.4% | 50.3% | 50.5% | 23.0% |
| Research and development | $741.10M | $652.30M | $536.00M | $512.50M | $519.00M | $507.70M | $499.00M | $488.60M |
| Selling, general and administrative | $257.60M | $258.40M | $198.00M | $189.90M | $192.80M | $186.40M | $195.70M | $205.30M |
| Operating expenses | $995.90M | $921.40M | $743.50M | $712.00M | $720.50M | $681.80M | $682.20M | $1.05B |
| Operating income | $459.70M | $339.40M | $404.40M | $357.80M | $290.10M | $270.60M | $235.20M | −$702.80M |
| Operating margin | 16.8% | 14.0% | 18.2% | 17.2% | 14.5% | 14.3% | 12.9% | -46.4% |
| EBITDA | $764.90M | $670.70M | $730.90M | $683.30M | $626.60M | $588.20M | $548.60M | −$3.00M |
| Interest income | $0 | $0 | $1.93B | — | $0 | $0 | $15.00M | — |
| Interest expense | −$61.60M | −$52.80M | −$50.80M | −$51.20M | −$51.90M | −$48.70M | −$45.00M | −$47.20M |
| Income before taxes | $378.30M | $83.30M | $381.60M | $2.22B | $233.70M | $215.90M | $199.80M | −$750.50M |
| Income taxes | $70.30M | $48.80M | −$14.50M | $314.10M | $38.90M | $38.00M | −$400.00K | −$74.20M |
| Net income | $308.00M | $34.50M | $396.10M | $1.90B | $194.80M | $177.90M | $200.20M | −$676.30M |
| Net margin | 11.2% | 1.4% | 17.9% | 91.7% | 9.7% | 9.4% | 11.0% | -44.6% |
| EPS, basic | $0.34 | $0.04 | $0.46 | $2.22 | $0.23 | $0.21 | $0.23 | −$0.78 |
| EPS, diluted | $0.33 | $0.04 | $0.46 | $2.20 | $0.22 | $0.20 | $0.23 | −$0.78 |
| Diluted shares | 921.20M | 893.30M | 869.10M | 863.70M | 870.40M | 875.60M | 865.60M | 865.70M |
Figures describe Marvell shares, not any token. As of Aug 28, 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.