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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 | $762.46M | $712.24M | $802.31M | $700.82M | $685.87M | $635.91M | $726.63M | $640.18M |
| Cost of revenue | $388.96M | $362.94M | $388.11M | $370.42M | $360.18M | $334.64M | $359.11M | $352.46M |
| Gross profit | $373.49M | $349.30M | $414.20M | $330.41M | $325.70M | $301.27M | $367.52M | $287.72M |
| Gross margin | 49.0% | 49.0% | 51.6% | 47.1% | 47.5% | 47.4% | 50.6% | 44.9% |
| Research and development | $70.35M | $70.19M | $66.88M | $66.99M | $63.94M | $66.54M | $61.76M | $61.03M |
| Selling, general and administrative | $171.28M | $163.72M | $181.34M | $156.22M | $151.72M | $145.87M | $158.89M | $145.34M |
| Operating expenses | $255.47M | $258.68M | $252.62M | $225.62M | $219.15M | $242.64M | $220.88M | $210.99M |
| Operating income | $118.02M | $90.62M | $161.58M | $104.79M | $106.55M | $58.63M | $146.64M | $76.73M |
| Operating margin | 15.5% | 12.7% | 20.1% | 15.0% | 15.5% | 9.2% | 20.2% | 12.0% |
| EBITDA | $143.77M | $115.39M | $188.36M | $128.54M | $131.44M | $84.41M | $170.92M | $101.97M |
| Interest income | $10.83M | $0 | $10.68M | $7.85M | $9.75M | $0 | $10.04M | $9.37M |
| Interest expense | $0 | $11.28M | $0 | — | $0 | $9.97M | $0 | — |
| Income before taxes | $125.22M | $98.32M | $167.63M | $108.00M | $111.66M | $63.97M | $155.64M | $85.04M |
| Income taxes | $31.80M | $10.40M | $37.79M | $26.35M | $28.72M | $14.42M | $31.92M | $20.90M |
| Net income | $93.42M | $87.92M | $129.84M | $81.65M | $82.95M | $49.55M | $123.73M | $64.14M |
| Net margin | 12.3% | 12.3% | 16.2% | 11.7% | 12.1% | 7.8% | 17.0% | 10.0% |
| EPS, basic | $0.58 | $0.54 | $0.80 | $0.50 | $0.51 | $0.30 | $0.75 | $0.39 |
| EPS, diluted | $0.57 | $0.54 | $0.78 | $0.50 | $0.50 | $0.30 | $0.74 | $0.39 |
| Diluted shares | 163.04M | 163.70M | 166.12M | 164.40M | 164.35M | 164.91M | 166.22M | 165.85M |
Figures describe New York Times 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.