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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 | $1.79B | $1.67B | $1.79B | $1.60B | $1.50B | $1.40B | $1.58B | $1.48B |
| Cost of revenue | $171.44M | $170.76M | $154.53M | $149.81M | $139.82M | $136.82M | $131.23M | $141.11M |
| Gross profit | $1.62B | $1.50B | $1.64B | $1.45B | $1.36B | $1.26B | $1.45B | $1.34B |
| Gross margin | 90.4% | 89.8% | 91.4% | 90.6% | 90.7% | 90.2% | 91.7% | 90.5% |
| Selling, general and administrative | $51.06M | $88.23M | $64.49M | $54.74M | $50.61M | $46.89M | $59.11M | $43.31M |
| Operating expenses | $795.06M | $824.17M | $746.27M | $638.85M | $614.45M | $608.58M | $615.25M | $571.83M |
| Operating income | $824.10M | $673.79M | $890.67M | $812.91M | $744.20M | $655.82M | $835.75M | $767.77M |
| Operating margin | 46.0% | 40.4% | 49.7% | 50.8% | 49.7% | 46.8% | 52.8% | 51.9% |
| EBITDA | $1.32B | $1.21B | $1.35B | $1.19B | $1.11B | $1.01B | $1.20B | $1.11B |
| Interest expense | −$281.16M | −$275.66M | −$272.33M | −$242.79M | −$232.72M | −$227.00M | −$227.42M | −$226.42M |
| Income before taxes | $574.13M | $568.54M | $3.54B | $702.70M | $643.68M | $477.86M | $771.76M | $546.67M |
| Net income | $574.13M | $568.54M | $3.54B | $702.70M | $643.68M | $477.86M | $771.76M | $546.67M |
| Net margin | 32.1% | 34.1% | 197.6% | 43.9% | 43.0% | 34.1% | 48.8% | 36.9% |
| EPS, basic | $1.49 | $1.48 | $9.35 | $1.86 | $1.70 | $1.27 | $2.04 | $1.46 |
| EPS, diluted | $1.49 | $1.48 | $9.35 | $1.86 | $1.70 | $1.27 | $2.04 | $1.46 |
| Diluted shares | 324.02M | 324.96M | 326.18M | 326.49M | 326.49M | 326.31M | 326.28M | 326.16M |
Figures describe Simon Property shares, not any token. As of Aug 10, 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.