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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 | $816.00M | $758.00M | $789.00M | $783.00M | $776.00M | $705.00M | $739.00M | $731.00M |
| Cost of revenue | $399.00M | $377.00M | $397.00M | $389.00M | $394.00M | $365.00M | $390.00M | $373.00M |
| Gross profit | $417.00M | $381.00M | $392.00M | $394.00M | $382.00M | $340.00M | $349.00M | $358.00M |
| Gross margin | 51.1% | 50.3% | 49.7% | 50.3% | 49.2% | 48.2% | 47.2% | 49.0% |
| Selling, general and administrative | $267.00M | $243.00M | $239.00M | $238.00M | $244.00M | $232.00M | $235.00M | $228.00M |
| Operating expenses | $267.00M | $243.00M | $274.00M | $238.00M | $243.00M | $231.00M | $234.00M | $228.00M |
| Operating income | $150.00M | $138.00M | $118.00M | $156.00M | $139.00M | $109.00M | $115.00M | $130.00M |
| Operating margin | 18.4% | 18.2% | 15.0% | 19.9% | 17.9% | 15.5% | 15.6% | 17.8% |
| EBITDA | $196.00M | $185.00M | $204.00M | $202.00M | $184.00M | $153.00M | $161.00M | $173.00M |
| Interest expense | −$5.00M | −$8.00M | −$9.00M | −$10.00M | −$10.00M | −$12.00M | −$13.00M | −$14.00M |
| Income before taxes | $338.00M | $129.00M | $105.00M | $146.00M | $125.00M | $94.00M | $92.00M | $116.00M |
| Income taxes | $84.00M | $32.00M | $34.00M | $40.00M | $28.00M | $23.00M | $7.00M | $22.00M |
| Net income | $254.00M | $97.00M | $71.00M | $106.00M | $97.00M | $71.00M | $85.00M | $94.00M |
| Net margin | 31.1% | 12.8% | 9.0% | 13.5% | 12.5% | 10.1% | 11.5% | 12.9% |
| EPS, basic | $1.22 | $0.46 | $0.33 | $0.50 | $0.45 | $0.34 | $0.41 | $0.44 |
| EPS, diluted | $1.21 | $0.45 | $0.33 | $0.49 | $0.45 | $0.33 | $0.40 | $0.44 |
| Diluted shares | 204.00M | 204.00M | 203.00M | 203.00M | 203.00M | 203.00M | 201.00M | 202.00M |
Figures describe UL Solutions shares, not any token. As of Aug 4, 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.