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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 | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $937.32M | $788.20M | $814.87M | $733.77M | $759.15M | $664.17M | $599.88M | $550.34M |
| Cost of revenue | $508.07M | $417.49M | $440.87M | $396.36M | $416.42M | $368.30M | $352.65M | $318.73M |
| Gross profit | $429.25M | $370.71M | $374.00M | $337.41M | $342.73M | $295.87M | $247.23M | $231.62M |
| Gross margin | 45.8% | 47.0% | 45.9% | 46.0% | 45.1% | 44.5% | 41.2% | 42.1% |
| Research and development | $52.96M | $51.81M | $50.85M | $48.54M | $47.46M | $44.26M | $39.96M | $38.00M |
| Selling, general and administrative | $36.29M | $28.08M | $30.25M | $27.14M | $33.87M | $24.75M | $28.46M | $24.42M |
| Operating expenses | $89.26M | $79.89M | $81.10M | $75.69M | $81.33M | $69.01M | $68.42M | $62.41M |
| Operating income | $340.00M | $290.82M | $292.90M | $261.72M | $261.40M | $226.86M | $178.81M | $169.21M |
| Operating margin | 36.3% | 36.9% | 35.9% | 35.7% | 34.4% | 34.2% | 29.8% | 30.7% |
| EBITDA | $344.71M | $295.44M | $297.43M | $266.81M | $265.69M | $233.77M | $183.40M | $175.33M |
| Interest expense | −$2.37M | $0 | $0 | — | −$30.63M | $0 | $0 | — |
| Income before taxes | $343.06M | $290.16M | $291.31M | $258.54M | $258.21M | $221.44M | $167.37M | $158.63M |
| Income taxes | $58.16M | $56.25M | $57.70M | $50.66M | −$8.49M | $41.01M | $30.58M | $30.64M |
| Net income | $284.90M | $233.91M | $233.61M | $207.88M | $266.71M | $180.44M | $136.80M | $127.99M |
| Net margin | 30.4% | 29.7% | 28.7% | 28.3% | 35.1% | 27.2% | 22.8% | 23.3% |
| EPS, basic | $4.71 | $3.87 | $3.86 | $3.44 | $4.41 | $2.98 | $2.26 | $2.12 |
| EPS, diluted | $4.70 | $3.86 | $3.86 | $3.43 | $4.40 | $2.98 | $2.26 | $2.12 |
| Diluted shares | 60.58M | 60.57M | 60.57M | 60.56M | 60.57M | 60.55M | 60.53M | 60.49M |
Figures describe Ubiquiti shares, not any token. As of Aug 21, 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.