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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 | $2.50B | $2.40B | $2.39B | $2.42B | $2.21B | $2.11B | $2.00B | $2.34B |
| Cost of revenue | $2.06B | $1.96B | $2.11B | $2.05B | $1.93B | $1.78B | $1.85B | $1.89B |
| Gross profit | $440.80M | $435.90M | $282.40M | $375.00M | $282.00M | $331.20M | $152.00M | $454.90M |
| Gross margin | 17.6% | 18.2% | 11.8% | 15.5% | 12.8% | 15.7% | 7.6% | 19.4% |
| Operating expenses | $2.07B | $1.97B | $2.11B | $2.05B | $1.93B | $1.79B | $1.85B | $1.89B |
| Operating income | $436.50M | $431.30M | $280.40M | $370.50M | $277.90M | $325.70M | $147.90M | $448.40M |
| Operating margin | 17.4% | 18.0% | 11.7% | 15.3% | 12.6% | 15.4% | 7.4% | 19.1% |
| EBITDA | $436.50M | $431.30M | $280.40M | $370.50M | $277.90M | $325.70M | $147.90M | $448.40M |
| Interest expense | −$26.50M | −$17.70M | −$17.40M | −$17.30M | −$17.60M | −$17.80M | −$17.30M | −$21.30M |
| Income before taxes | $410.20M | $413.40M | $263.10M | $352.90M | $260.10M | $307.70M | $130.70M | $426.90M |
| Income taxes | $85.70M | $83.80M | $55.90M | $72.70M | $51.70M | $61.60M | $25.50M | $87.90M |
| Net income | $324.50M | $329.50M | $207.20M | $280.20M | $208.40M | $246.10M | $105.20M | $339.00M |
| Net margin | 13.0% | 13.7% | 8.7% | 11.6% | 9.4% | 11.6% | 5.3% | 14.5% |
| EPS, basic | $1.34 | $1.36 | $0.81 | $1.14 | $0.83 | $1.01 | $0.42 | $1.35 |
| EPS, diluted | $1.31 | $1.32 | $0.79 | $1.11 | $0.81 | $0.98 | $0.41 | $1.32 |
| Diluted shares | 246.27M | 249.38M | 253.22M | 251.32M | 251.08M | 249.64M | 253.68M | 256.86M |
Figures describe Old Republic International shares, not any token. As of Jul 31, 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.