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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 | $242.68M | $240.01M | $237.54M | $229.77M | $226.50M | $230.57M | $218.35M | $218.16M |
| Cost of revenue | $8.27M | $9.80M | $10.04M | $9.13M | $8.84M | $9.38M | $11.14M | $7.26M |
| Gross profit | $234.42M | $230.22M | $227.50M | $220.65M | $217.66M | $221.20M | $207.21M | $210.89M |
| Gross margin | 96.6% | 95.9% | 95.8% | 96.0% | 96.1% | 95.9% | 94.9% | 96.7% |
| Selling, general and administrative | $14.06M | $14.11M | $11.64M | $11.06M | $11.22M | $13.01M | $8.71M | $11.21M |
| Operating expenses | $93.73M | $96.16M | $95.44M | $86.32M | $84.37M | $81.44M | $75.69M | $75.52M |
| Operating income | $140.69M | $134.05M | $132.06M | $134.32M | $133.29M | $139.76M | $131.52M | $135.38M |
| Operating margin | 58.0% | 55.9% | 55.6% | 58.5% | 58.8% | 60.6% | 60.2% | 62.1% |
| EBITDA | $219.78M | $215.53M | $215.64M | $208.77M | $206.18M | $205.89M | $198.44M | $199.51M |
| Interest income | $1.62M | $438.00K | $1.83M | $3.33M | $319.00K | $609.00K | $1.17M | $1.25M |
| Interest expense | −$53.49M | −$52.73M | −$53.57M | −$53.38M | −$49.28M | −$47.72M | −$46.88M | −$46.49M |
| Income before taxes | $97.92M | $93.95M | $95.95M | $96.84M | $100.53M | $96.46M | $97.89M | $97.90M |
| Net income | $97.92M | $93.95M | $95.95M | $96.84M | $100.53M | $96.46M | $97.89M | $97.90M |
| Net margin | 40.4% | 39.1% | 40.4% | 42.1% | 44.4% | 41.8% | 44.8% | 44.9% |
| EPS, basic | $0.52 | $0.50 | $0.51 | $0.51 | $0.54 | $0.52 | $0.52 | $0.53 |
| EPS, diluted | $0.52 | $0.50 | $0.51 | $0.51 | $0.54 | $0.51 | $0.52 | $0.53 |
| Diluted shares | 189.62M | 189.46M | 189.46M | 188.33M | 187.07M | 187.08M | 186.59M | 184.56M |
Figures describe NNN REIT shares, not any token. As of Aug 5, 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.