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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 | $747.00M | $1.13B | $749.00M | $812.00M | $630.00M | $390.00M | $467.00M | $650.00M |
| Cost of revenue | $379.00M | $563.00M | $328.00M | $259.00M | $168.00M | $268.00M | $282.00M | $222.00M |
| Gross profit | $368.00M | $566.00M | $421.00M | $553.00M | $462.00M | $122.00M | $185.00M | $428.00M |
| Gross margin | 49.3% | 50.1% | 56.2% | 68.1% | 73.3% | 31.3% | 39.6% | 65.8% |
| Research and development | $210.00M | $165.00M | $620.00M | — | $192.00M | $146.00M | $592.00M | — |
| Selling, general and administrative | $98.00M | $24.00M | $511.00M | $38.00M | $41.00M | $34.00M | $42.00M | $38.00M |
| Operating expenses | $441.00M | $314.00M | $665.00M | $257.00M | $312.00M | $287.00M | $170.00M | $270.00M |
| Operating income | −$73.00M | $252.00M | −$244.00M | $296.00M | $150.00M | −$165.00M | $15.00M | $158.00M |
| Operating margin | -9.8% | 22.3% | -32.6% | 36.5% | 23.8% | -42.3% | 3.2% | 24.3% |
| EBITDA | $41.00M | $342.00M | −$147.00M | $390.00M | $237.00M | −$67.00M | $115.00M | $260.00M |
| Interest expense | −$214.00M | −$119.00M | −$99.00M | −$67.00M | −$62.00M | −$74.00M | −$51.00M | −$66.00M |
| Income before taxes | −$129.00M | $81.00M | −$380.00M | $304.00M | $97.00M | −$187.00M | −$26.00M | $179.00M |
| Income taxes | −$37.00M | $18.00M | −$17.00M | $97.00M | $25.00M | −$52.00M | −$94.00M | $11.00M |
| Net income | −$92.00M | $63.00M | −$363.00M | $207.00M | $72.00M | −$135.00M | $68.00M | $168.00M |
| Net margin | -12.3% | 5.6% | -48.5% | 25.5% | 11.4% | -34.6% | 14.6% | 25.8% |
| EPS, basic | −$2.00 | $1.38 | −$7.95 | $4.52 | $1.58 | −$2.94 | $1.64 | $3.30 |
| EPS, diluted | −$2.00 | $1.33 | −$8.98 | $4.25 | $1.50 | −$2.94 | $1.57 | $3.16 |
| Diluted shares | 45.90M | 47.43M | 40.43M | 48.58M | 47.91M | 45.85M | 52.28M | 53.17M |
Figures describe Talen Energy shares, not any token. As of Aug 5, 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.