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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 | $1.06B | $1.02B | $1.77B | $8.19M | $1.00B | $984.20M | $1.67B | $7.55M |
| Cost of revenue | $7.40M | $6.47M | $6.99M | $6.77M | $6.62M | $6.35M | $6.75M | $6.82M |
| Gross profit | $1.05B | $1.01B | $1.77B | $1.43M | $994.72M | $977.85M | $1.67B | $724.00K |
| Gross margin | 99.3% | 99.4% | 99.6% | 17.4% | 99.3% | 99.4% | 99.6% | 9.6% |
| Selling, general and administrative | $15.43M | $15.98M | $19.32M | $16.34M | $14.56M | $14.86M | $20.69M | $16.46M |
| Operating expenses | $308.22M | −$82.77M | $192.49M | $16.68M | −$99.73M | $222.37M | $138.42M | $6.32M |
| Operating income | $742.89M | $1.09B | $1.57B | −$15.26M | $1.09B | $755.48M | $1.53B | −$5.60M |
| Operating margin | 70.2% | 107.5% | 88.8% | -186.3% | 109.3% | 76.8% | 91.3% | -74.1% |
| EBITDA | $743.89M | $1.10B | $1.58B | −$12.58M | $1.10B | $756.48M | $1.53B | −$1.30M |
| Interest income | $2.23M | $4.49M | −$775.58M | $983.63M | $2.29M | $3.70M | −$713.38M | $940.60M |
| Interest expense | −$209.93M | −$209.36M | −$210.23M | −$210.33M | −$213.80M | −$209.25M | −$208.12M | −$207.32M |
| Income before taxes | $534.85M | $889.93M | $609.73M | $777.51M | $883.93M | $549.81M | $626.65M | $746.94M |
| Income taxes | −$461.00K | $3.97M | −$4.56M | $3.89M | $5.56M | −$2.46M | $2.45M | $2.46M |
| Net income | $535.31M | $885.95M | $614.29M | $773.62M | $878.37M | $552.27M | $624.21M | $744.48M |
| Net margin | 50.6% | 87.0% | 34.6% | 9445.9% | 87.7% | 56.1% | 37.3% | 9863.3% |
| EPS, basic | $0.48 | $0.82 | $0.57 | $0.71 | $0.82 | $0.51 | $0.58 | $0.70 |
| EPS, diluted | $0.48 | $0.82 | $0.57 | $0.71 | $0.82 | $0.51 | $0.58 | $0.70 |
| Diluted shares | 1.09B | 1.07B | 1.07B | 1.07B | 1.06B | 1.06B | 1.06B | 1.05B |
Figures describe VICI Properties shares, not any token. As of Jul 29, 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.