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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 | $1.46B | $1.15B | $1.13B | $1.82B | $1.36B | $1.03B | $1.10B | $1.77B |
| Cost of revenue | $558.50M | $436.73M | $420.37M | $655.97M | $477.01M | $380.07M | $396.15M | $631.38M |
| Gross profit | $897.25M | $712.87M | $707.80M | $1.16B | $881.74M | $652.21M | $699.26M | $1.14B |
| Gross margin | 61.6% | 62.0% | 62.7% | 64.0% | 64.9% | 63.2% | 63.8% | 64.3% |
| Operating expenses | $591.58M | $581.69M | $586.79M | $582.93M | $574.19M | $594.99M | $614.72M | $590.43M |
| Operating income | $305.67M | $131.17M | $121.01M | $581.85M | $307.55M | $57.22M | $84.54M | $546.99M |
| Operating margin | 21.0% | 11.4% | 10.7% | 32.0% | 22.6% | 5.5% | 7.7% | 30.9% |
| EBITDA | $842.91M | $391.02M | $358.98M | $620.23M | $750.16M | $307.87M | $329.14M | $588.28M |
| Interest expense | −$133.60M | −$115.90M | −$161.69M | −$111.20M | −$113.53M | −$94.84M | −$143.23M | −$98.02M |
| Income before taxes | $212.07M | $36.28M | $17.59M | $495.41M | $231.89M | −$6.52M | −$2.53M | $473.50M |
| Income taxes | $31.30M | $1.17M | −$3.00K | $77.89M | $35.02M | −$6.18M | −$10.00K | $74.23M |
| Net income | $180.77M | $35.11M | $17.60M | $417.51M | $196.87M | −$338.00K | −$2.52M | $399.27M |
| Net margin | 12.4% | 3.1% | 1.6% | 22.9% | 14.5% | -0.0% | -0.2% | 22.6% |
| EPS, basic | $1.47 | $0.27 | $0.13 | $3.45 | $1.61 | −$0.04 | −$0.06 | $3.47 |
| EPS, diluted | $1.43 | $0.27 | $0.12 | $3.39 | $1.58 | −$0.04 | −$0.06 | $3.37 |
| Diluted shares | 124.49M | 123.78M | 124.47M | 121.96M | 121.87M | 119.59M | 117.78M | 117.12M |
Figures describe Pinnacle West Capital shares, not any token. As of Aug 4, 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.