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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 | $207.39M | $180.19M | $190.24M | $178.51M | $172.21M | $166.66M | $161.10M | $145.51M |
| Cost of revenue | $41.97M | $36.53M | $40.21M | $36.59M | $34.77M | $32.84M | $31.52M | $28.10M |
| Gross profit | $165.41M | $143.66M | $150.03M | $141.92M | $137.44M | $133.82M | $129.59M | $117.41M |
| Gross margin | 79.8% | 79.7% | 78.9% | 79.5% | 79.8% | 80.3% | 80.4% | 80.7% |
| Research and development | $51.10M | $50.23M | $49.25M | $49.51M | $46.33M | $42.62M | $43.70M | $41.30M |
| Selling, general and administrative | $38.26M | $31.67M | $29.96M | $29.16M | $28.12M | $28.06M | $28.00M | $25.87M |
| Operating expenses | $92.68M | $81.90M | $79.21M | $78.67M | $74.45M | $70.68M | $71.73M | $62.72M |
| Operating income | $72.73M | $61.76M | $70.83M | $63.26M | $62.99M | $63.14M | $57.86M | $54.70M |
| Operating margin | 35.1% | 34.3% | 37.2% | 35.4% | 36.6% | 37.9% | 35.9% | 37.6% |
| EBITDA | $87.44M | $73.03M | $82.00M | $74.03M | $73.20M | $72.98M | $73.22M | $60.80M |
| Interest expense | −$302.00K | −$279.00K | −$320.00K | −$294.00K | −$382.00K | −$377.00K | −$352.00K | −$327.00K |
| Income before taxes | $79.49M | $68.63M | $77.21M | $69.29M | $67.84M | $67.62M | $62.31M | $59.04M |
| Income taxes | $11.88M | $8.77M | $13.37M | $20.91M | $9.90M | $7.32M | $103.00K | $10.37M |
| Net income | $67.61M | $59.86M | $63.84M | $48.38M | $57.94M | $60.30M | $62.20M | $48.67M |
| Net margin | 32.6% | 33.2% | 33.6% | 27.1% | 33.6% | 36.2% | 38.6% | 33.4% |
| EPS, basic | $0.62 | $0.55 | $0.59 | $0.45 | $0.54 | $0.56 | $0.58 | $0.45 |
| EPS, diluted | $0.61 | $0.55 | $0.58 | $0.44 | $0.53 | $0.56 | $0.57 | $0.45 |
| Diluted shares | 109.98M | 109.72M | 110.49M | 109.30M | 108.52M | 108.63M | 108.61M | 108.47M |
Figures describe Rambus shares, not any token. As of Jul 28, 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.