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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 | $2.33B | $1.83B | $2.71B | $2.61B | $2.60B | $2.35B | $2.85B | $2.73B |
| Cost of revenue | $1.84B | $1.47B | $2.10B | $2.02B | $2.00B | $1.84B | $2.13B | $2.05B |
| Gross profit | $485.14M | $360.34M | $615.96M | $588.11M | $598.83M | $515.07M | $719.98M | $681.86M |
| Gross margin | 20.9% | 19.6% | 22.7% | 22.5% | 23.0% | 21.9% | 25.3% | 24.9% |
| Selling, general and administrative | $176.87M | $180.10M | $168.59M | $165.13M | $175.60M | $189.81M | $180.58M | $176.09M |
| Operating expenses | $176.87M | $180.10M | $168.59M | $165.13M | $175.60M | $189.81M | $180.58M | $176.09M |
| Operating income | $308.27M | $180.24M | $447.38M | $422.97M | $423.24M | $325.26M | $539.39M | $505.77M |
| Operating margin | 13.3% | 9.8% | 16.5% | 16.2% | 16.3% | 13.8% | 19.0% | 18.5% |
| EBITDA | $314.70M | $186.98M | $454.32M | $429.07M | $428.93M | $331.04M | $544.34M | $510.46M |
| Interest income | $3.98M | $3.63M | $4.71M | $4.88M | $4.49M | $3.81M | $5.60M | $4.73M |
| Interest expense | −$6.99M | −$7.19M | −$7.21M | −$7.18M | −$6.99M | −$7.45M | −$7.01M | −$7.05M |
| Income before taxes | $318.64M | $251.69M | $468.72M | $444.07M | $447.13M | $402.00M | $572.63M | $538.61M |
| Income taxes | $82.18M | $53.34M | $104.91M | $101.39M | $113.40M | $102.43M | $115.20M | $109.29M |
| Net income | $236.46M | $198.36M | $363.82M | $342.69M | $333.74M | $299.58M | $457.43M | $429.32M |
| Net margin | 10.2% | 10.8% | 13.4% | 13.1% | 12.8% | 12.7% | 16.1% | 15.7% |
| EPS, basic | $87.65 | $71.33 | $128.62 | $119.26 | $114.52 | $100.41 | $149.83 | $139.65 |
| EPS, diluted | $83.96 | $67.76 | $121.64 | $112.33 | $108.54 | $94.83 | $139.59 | $130.50 |
| Diluted shares | 2.82M | 2.93M | 2.99M | 3.05M | 3.08M | 3.16M | 3.28M | 3.29M |
Figures describe NVR 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.