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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 | $6.98B | $8.40B | $6.98B | $7.82B | $6.97B | $7.78B | $6.34B | $7.27B |
| Cost of revenue | $1.70B | $2.84B | $2.07B | $1.88B | $1.80B | $2.42B | $1.68B | $1.66B |
| Gross profit | $5.28B | $5.56B | $4.91B | $5.95B | $5.18B | $5.36B | $4.66B | $5.62B |
| Gross margin | 75.7% | 66.2% | 70.3% | 76.0% | 74.2% | 68.9% | 73.4% | 77.2% |
| Operating expenses | $3.51B | $3.54B | $3.99B | $3.35B | $3.41B | $3.35B | $3.60B | $3.25B |
| Operating income | $1.78B | $2.02B | $917.00M | $2.59B | $1.76B | $2.01B | $1.06B | $2.37B |
| Operating margin | 25.5% | 24.0% | 13.1% | 33.2% | 25.3% | 25.9% | 16.7% | 32.6% |
| EBITDA | $3.37B | $3.60B | $2.52B | $4.16B | $3.21B | $3.42B | $2.41B | $3.71B |
| Interest expense | −$796.00M | −$778.00M | −$895.00M | −$755.00M | −$874.00M | −$714.00M | −$693.00M | −$692.00M |
| Income before taxes | $1.38B | $1.57B | $196.00M | $2.11B | $1.14B | $1.55B | $545.00M | $1.91B |
| Income taxes | $187.00M | $228.00M | −$145.00M | $404.00M | $289.00M | $280.00M | $79.00M | $377.00M |
| Net income | $1.19B | $1.34B | $341.00M | $1.71B | $853.00M | $1.27B | $466.00M | $1.54B |
| Net margin | 17.0% | 15.9% | 4.9% | 21.8% | 12.2% | 16.3% | 7.3% | 21.1% |
| EPS, basic | $1.03 | $1.21 | $0.38 | $1.55 | $0.80 | $1.21 | $0.49 | $1.40 |
| EPS, diluted | $1.03 | $1.20 | $0.37 | $1.54 | $0.79 | $1.21 | $0.48 | $1.39 |
| Diluted shares | 1.14B | 1.13B | 1.11B | 1.11B | 1.11B | 1.11B | 1.10B | 1.10B |
Figures describe Southern shares, not any token. As of Jul 30, 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.