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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 | $224.37M | $224.21M | $218.72M | $211.12M | $207.59M | $205.57M | $194.83M | $190.74M |
| Cost of revenue | $45.03M | $47.32M | $45.58M | $42.17M | $40.40M | $43.68M | $40.26M | $38.02M |
| Gross profit | $179.34M | $176.89M | $173.15M | $168.95M | $167.19M | $161.90M | $154.57M | $152.72M |
| Gross margin | 79.9% | 78.9% | 79.2% | 80.0% | 80.5% | 78.8% | 79.3% | 80.1% |
| Selling, general and administrative | $13.54M | $13.86M | $13.55M | $12.17M | $12.90M | $13.31M | $12.44M | $11.98M |
| Operating expenses | $96.24M | $92.89M | $89.56M | $88.70M | $88.20M | $85.92M | $79.89M | $81.46M |
| Operating income | $83.10M | $84.00M | $83.59M | $80.25M | $78.99M | $75.97M | $74.68M | $71.26M |
| Operating margin | 37.0% | 37.5% | 38.2% | 38.0% | 38.0% | 37.0% | 38.3% | 37.4% |
| EBITDA | $165.34M | $162.60M | $161.05M | $211.82M | $154.35M | $148.02M | $145.99M | $163.29M |
| Interest income | $65.00K | $96.00K | $5.00K | $372.00K | $3.00K | $5.00K | $5.00K | $14.00K |
| Interest expense | −$37.50M | −$35.89M | −$34.34M | −$31.67M | −$33.62M | −$32.53M | −$31.67M | −$28.71M |
| Income before taxes | $54.01M | $63.31M | $85.20M | $49.65M | $51.06M | $93.36M | $52.01M | $42.73M |
| Net income | $54.01M | $63.31M | $85.20M | $49.65M | $51.06M | $93.36M | $52.01M | $42.73M |
| Net margin | 24.1% | 28.2% | 39.0% | 23.5% | 24.6% | 45.4% | 26.7% | 22.4% |
| EPS, basic | $0.28 | $0.32 | $0.44 | $0.26 | $0.27 | $0.49 | $0.28 | $0.23 |
| EPS, diluted | $0.28 | $0.32 | $0.44 | $0.26 | $0.27 | $0.49 | $0.28 | $0.23 |
| Diluted shares | 191.33M | 191.24M | 188.19M | 186.84M | 186.91M | 186.76M | 183.14M | 182.30M |
Figures describe Stag Industrial 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.