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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 | $450.54M | $469.13M | $375.32M | $252.07M | $209.64M | $193.44M | $202.56M | $193.84M |
| Cost of revenue | $60.09M | $60.34M | $50.85M | $31.39M | $24.18M | $24.51M | $24.40M | $27.19M |
| Gross profit | $390.45M | $408.79M | $324.47M | $220.68M | $185.46M | $168.93M | $178.16M | $166.65M |
| Gross margin | 86.7% | 87.1% | 86.5% | 87.5% | 88.5% | 87.3% | 88.0% | 86.0% |
| Selling, general and administrative | $13.45M | $17.53M | $17.64M | $10.21M | $10.27M | $11.06M | $8.91M | $10.10M |
| Operating expenses | $113.08M | $111.70M | $113.60M | $58.33M | $43.62M | $45.82M | $44.72M | $47.80M |
| Operating income | $277.36M | $297.09M | $210.87M | $162.34M | $141.84M | $123.11M | $133.44M | $118.85M |
| Operating margin | 61.6% | 63.3% | 56.2% | 64.4% | 67.7% | 63.6% | 65.9% | 61.3% |
| EBITDA | $373.56M | $387.97M | $304.61M | $208.05M | $172.99M | $156.11M | $167.18M | $155.02M |
| Interest income | $3.55M | $3.19M | $2.87M | $6.78M | $2.71M | $2.05M | $1.60M | $626.00K |
| Interest expense | −$10.01M | −$13.24M | −$17.71M | −$8.62M | −$1.54M | −$1.16M | −$1.42M | −$1.21M |
| Income before taxes | $295.80M | $307.11M | $146.38M | $160.51M | $143.01M | $123.97M | $133.60M | $117.84M |
| Income taxes | $58.24M | $25.40M | $52.66M | $28.70M | $10.54M | $10.39M | $26.08M | $21.51M |
| Net income | $237.56M | $281.71M | $93.72M | $131.81M | $132.47M | $113.58M | $107.52M | $96.33M |
| Net margin | 52.7% | 60.0% | 25.0% | 52.3% | 63.2% | 58.7% | 53.1% | 49.7% |
| EPS, basic | $2.78 | $3.31 | $1.16 | $1.92 | $2.01 | $1.72 | $1.64 | $1.46 |
| EPS, diluted | $2.78 | $3.30 | $1.16 | $1.92 | $2.01 | $1.72 | $1.63 | $1.46 |
| Diluted shares | 85.05M | 85.02M | 80.80M | 65.83M | 65.82M | 65.79M | 65.80M | 65.80M |
Figures describe Royal Gold shares, not any token. As of Aug 6, 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.