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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 | 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 | Q2 FY242024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.40M | $108.25M | $109.44M | $115.02M | $116.35M | $123.70M | $119.22M | $121.82M |
| Cost of revenue | $28.26M | $31.55M | $31.39M | $33.65M | $32.97M | $37.39M | $38.49M | $39.23M |
| Gross profit | $65.14M | $76.69M | $78.06M | $81.37M | $83.38M | $86.32M | $80.73M | $82.58M |
| Gross margin | 69.7% | 70.9% | 71.3% | 70.7% | 71.7% | 69.8% | 67.7% | 67.8% |
| Selling, general and administrative | $2.00M | $2.02M | $2.23M | $2.81M | $2.21M | $2.00M | $2.13M | $2.32M |
| Operating expenses | $24.41M | $24.89M | $26.01M | $29.24M | $24.46M | $27.56M | $25.11M | $26.21M |
| Operating income | $40.73M | $51.80M | $52.05M | $52.13M | $58.92M | $58.76M | $55.62M | $56.37M |
| Operating margin | 43.6% | 47.9% | 47.6% | 45.3% | 50.6% | 47.5% | 46.7% | 46.3% |
| EBITDA | $40.73M | $51.80M | $52.05M | $52.13M | $58.92M | $58.76M | $55.62M | $56.37M |
| Income before taxes | $41.05M | $51.80M | $52.05M | $52.13M | $59.33M | $58.76M | $55.62M | $56.37M |
| Income taxes | $1.20M | $1.30M | $1.37M | $1.29M | $1.35M | $1.17M | $698.00K | $1.23M |
| Net income | $39.84M | $50.50M | $50.68M | $50.84M | $57.98M | $57.59M | $54.93M | $55.14M |
| Net margin | 42.7% | 46.6% | 46.3% | 44.2% | 49.8% | 46.6% | 46.1% | 45.3% |
| EPS, basic | −$0.27 | $0.32 | $0.47 | $0.63 | $0.39 | $0.55 | $0.44 | $0.51 |
| EPS, diluted | −$0.27 | $0.32 | $0.47 | $0.63 | $0.39 | $0.55 | $0.44 | $0.51 |
| Diluted shares | 94.71M | 94.51M | 94.25M | 93.97M | 93.67M | 93.35M | 93.02M | 92.73M |
Figures describe TSLX shares, not any token. As of May 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.