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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 | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $278.75M | $432.20M | $403.42M | $39.45M | $203.96M | $424.20M | $357.76M | $53.31M |
| Cost of revenue | $159.53M | $354.50M | $311.39M | $8.28M | $154.82M | $316.34M | $275.75M | $8.21M |
| Gross profit | $119.21M | $77.70M | $92.04M | $31.18M | $49.14M | $107.86M | $82.01M | $45.10M |
| Gross margin | 42.8% | 18.0% | 22.8% | 79.0% | 24.1% | 25.4% | 22.9% | 84.6% |
| Selling, general and administrative | $85.44M | $73.70M | $69.07M | $57.79M | $70.89M | $74.70M | $67.90M | $52.59M |
| Operating expenses | $87.06M | $75.73M | $69.86M | $58.60M | $71.71M | $75.52M | $68.69M | $53.37M |
| Operating income | $32.15M | $1.96M | $22.18M | −$27.43M | −$22.58M | $32.34M | $13.32M | −$8.27M |
| Operating margin | 11.5% | 0.5% | 5.5% | -69.5% | -11.1% | 7.6% | 3.7% | -15.5% |
| EBITDA | $33.77M | $4.00M | $22.97M | −$26.61M | −$21.75M | $33.17M | $14.11M | −$7.49M |
| Interest income | $1.13M | $733.00K | $496.00K | $578.00K | $1.43M | $1.05M | $690.00K | $864.00K |
| Interest expense | −$4.45M | −$4.84M | −$6.21M | −$5.59M | −$4.99M | −$5.02M | −$5.59M | −$6.06M |
| Income before taxes | $33.67M | −$13.29M | $14.96M | −$17.35M | −$27.12M | $22.63M | $1.81M | −$14.59M |
| Income taxes | $5.37M | $6.69M | $6.72M | −$8.56M | −$25.34M | $36.86M | $698.00K | −$7.05M |
| Net income | $28.30M | −$19.98M | $8.24M | −$8.80M | −$1.78M | −$14.23M | $1.11M | −$7.54M |
| Net margin | 10.2% | -4.6% | 2.0% | -22.3% | -0.9% | -3.4% | 0.3% | -14.1% |
| EPS, basic | $1.17 | −$0.83 | $0.34 | −$0.37 | −$0.07 | −$0.59 | $0.05 | −$0.31 |
| EPS, diluted | $1.15 | −$0.83 | $0.34 | −$0.37 | −$0.07 | −$0.59 | $0.05 | −$0.31 |
| Diluted shares | 24.50M | 24.17M | 24.22M | 24.12M | 24.04M | 24.10M | 24.17M | 24.05M |
Figures describe Madison Square Garden Sports shares, not any token. As of Aug 13, 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.