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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 |
|---|---|---|---|---|
| Revenue | $677.00M | $511.00M | $435.00M | $418.00M |
| Gross profit | $677.00M | $511.00M | $435.00M | $418.00M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $11.00M | $13.00M | $12.00M | $10.00M |
| Operating expenses | $249.00M | $258.00M | $658.00M | $594.00M |
| Operating income | $428.00M | $253.00M | −$223.00M | −$176.00M |
| Operating margin | 63.2% | 49.5% | -51.3% | -42.1% |
| EBITDA | $623.00M | $459.00M | $419.00M | $184.00M |
| Interest income | $0 | $0 | −$36.00M | −$32.00M |
| Interest expense | −$24.00M | −$27.00M | $0 | — |
| Income before taxes | $403.00M | $243.00M | −$267.00M | −$223.00M |
| Income taxes | $72.00M | $28.00M | −$21.00M | −$26.00M |
| Net income | $331.00M | $215.00M | −$246.00M | −$197.00M |
| Net margin | 48.9% | 42.1% | -56.6% | -47.1% |
| EPS, basic | $0.73 | $0.54 | −$0.61 | −$0.52 |
| EPS, diluted | $0.73 | $0.53 | −$0.61 | −$0.52 |
| Diluted shares | 193.73M | 181.42M | 169.00M | 148.93M |
Figures describe Viper Energy shares, not any token. As of Aug 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.