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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 | $54.37M | $68.79M | $77.40M | $80.53M | $56.78M | $85.66M | $91.20M | $95.33M |
| Cost of revenue | $22.45M | $0 | $0 | $0 | $31.14M | $0 | $0 | $0 |
| Gross profit | $31.91M | $68.79M | $77.40M | $80.53M | $25.64M | $85.66M | $91.20M | $95.33M |
| Gross margin | 58.7% | 100.0% | 100.0% | 100.0% | 45.2% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $2.03M | $10.64M | $11.81M | $11.94M | $2.28M | $13.24M | $14.24M | $14.31M |
| Operating expenses | $14.38M | $16.74M | $27.96M | $14.74M | $17.76M | $21.49M | $25.60M | $22.16M |
| Operating income | $17.53M | $52.06M | $49.45M | $65.79M | $7.88M | $64.17M | $65.60M | $73.17M |
| Operating margin | 32.2% | 75.7% | 63.9% | 81.7% | 13.9% | 74.9% | 71.9% | 76.8% |
| EBITDA | $17.53M | $50.69M | $48.09M | $64.15M | $7.88M | $62.60M | $63.96M | $71.41M |
| Interest expense | — | −$27.52M | −$29.49M | −$31.72M | — | −$31.37M | −$34.85M | −$37.66M |
| Income before taxes | $17.53M | $30.64M | $33.09M | $34.07M | $7.88M | $34.62M | $34.49M | $35.51M |
| Income taxes | $19.00K | $4.00K | $3.00K | $29.00K | $8.00K | −$19.00K | −$91.00K | $118.00K |
| Net income | $17.51M | $30.63M | $33.09M | $34.04M | $7.88M | $34.64M | $34.58M | $35.39M |
| Net margin | 32.2% | 44.5% | 42.8% | 42.3% | 13.9% | 40.4% | 37.9% | 37.1% |
| EPS, basic | $0.18 | −$0.51 | −$0.24 | $0.11 | $0.07 | $0.22 | $0.25 | $0.22 |
| EPS, diluted | $0.18 | −$0.51 | −$0.24 | $0.11 | $0.07 | $0.22 | $0.25 | $0.22 |
| Diluted shares | 94.55M | 100.48M | 121.09M | 125.04M | 126.73M | 126.85M | 125.46M | 126.78M |
Figures describe New Mountain Finance shares, not any token. As of Aug 3, 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.