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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 | $2.11B | $2.77B | $2.27B | $2.24B | $2.03B | $2.50B | $2.21B | $2.07B |
| Cost of revenue | $598.00M | $0 | $1.38B | $422.00M | $580.00M | $0 | $1.33B | $338.00M |
| Gross profit | $1.51B | $2.77B | $896.00M | $1.82B | $1.45B | $2.50B | $882.00M | $1.73B |
| Gross margin | 71.7% | 100.0% | 39.4% | 81.2% | 71.4% | 100.0% | 39.9% | 83.6% |
| Operating expenses | $1.04B | $2.03B | $420.00M | $1.25B | $1.04B | $1.83B | $505.00M | $1.30B |
| Operating income | $475.00M | $745.00M | $476.00M | $569.00M | $406.00M | $678.00M | $377.00M | $428.00M |
| Operating margin | 22.5% | 26.9% | 20.9% | 25.4% | 20.0% | 27.1% | 17.1% | 20.7% |
| EBITDA | $864.00M | $1.13B | $842.00M | $924.00M | $759.00M | $1.02B | $716.00M | $764.00M |
| Interest expense | −$232.00M | −$224.00M | −$209.00M | −$210.00M | −$199.00M | −$190.00M | −$189.00M | −$188.00M |
| Income before taxes | $286.00M | $560.00M | $328.00M | $398.00M | $230.00M | $516.00M | $216.00M | $272.00M |
| Income taxes | $56.00M | $108.00M | $62.00M | $80.00M | $47.00M | $102.00M | $39.00M | $58.00M |
| Net income | $230.00M | $452.00M | $266.00M | $318.00M | $183.00M | $414.00M | $177.00M | $214.00M |
| Net margin | 10.9% | 16.3% | 11.7% | 14.2% | 9.0% | 16.5% | 8.0% | 10.4% |
| EPS, basic | $0.31 | $0.60 | $0.36 | $0.43 | $0.25 | $0.56 | $0.24 | $0.29 |
| EPS, diluted | $0.30 | $0.60 | $0.36 | $0.43 | $0.25 | $0.56 | $0.24 | $0.29 |
| Diluted shares | 757.23M | 757.16M | 745.16M | 744.29M | 742.54M | 741.40M | 741.06M | 739.97M |
Figures describe PPL shares, not any token. As of Aug 7, 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.