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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 | $462.24M | $459.11M | $453.71M | $453.70M | $441.44M | $461.58M | $457.79M | $443.26M |
| Gross profit | $462.24M | $459.11M | $453.71M | $453.70M | $441.44M | $461.58M | $457.79M | $443.26M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $39.10M | $42.25M | $40.05M | $37.49M | $39.98M | $38.60M | $36.64M | $35.51M |
| Operating expenses | $436.63M | $408.75M | $387.85M | $406.70M | $378.74M | $378.45M | $388.63M | $392.72M |
| Operating income | $25.61M | $50.36M | $65.86M | $47.00M | $62.69M | $83.13M | $69.16M | $50.53M |
| Operating margin | 5.5% | 11.0% | 14.5% | 10.4% | 14.2% | 18.0% | 15.1% | 11.4% |
| EBITDA | $202.29M | $175.10M | $182.03M | $172.31M | $183.78M | $204.35M | $188.61M | $170.81M |
| Interest income | $8.99M | $9.33M | $13.38M | $22.41M | $11.06M | $8.26M | $11.35M | $12.39M |
| Interest expense | −$89.58M | −$89.21M | −$85.66M | −$84.46M | −$87.93M | −$95.82M | −$100.48M | −$100.91M |
| Income before taxes | $42.77M | −$16.12M | $12.70M | $13.65M | $817.35M | $107.02M | $11.58M | −$14.59M |
| Income taxes | $3.57M | $5.91M | $7.78M | −$5.59M | $4.12M | $7.19M | $5.82M | $4.88M |
| Net income | $33.45M | −$9.34M | $16.21M | $28.15M | $824.21M | $110.26M | $16.87M | −$5.32M |
| Net margin | 7.2% | -2.0% | 3.6% | 6.2% | 186.7% | 23.9% | 3.7% | -1.2% |
| EPS, basic | $0.09 | −$0.12 | $0.00 | $0.06 | $3.87 | $0.45 | $0.01 | −$0.10 |
| EPS, diluted | $0.08 | −$0.12 | $0.00 | $0.06 | $3.70 | $0.43 | $0.01 | −$0.10 |
| Diluted shares | 194.20M | 189.68M | 202.25M | 200.15M | 201.07M | 200.74M | 211.11M | 190.56M |
Figures describe Vornado Realty Trust shares, not any token. As of Aug 3, 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.