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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 | $1.43B | $1.44B | $1.43B | $1.41B | $1.30B | $1.22B | $1.31B | $1.33B |
| Cost of revenue | $435.00M | $421.90M | $451.20M | $475.10M | $456.80M | $445.00M | $472.10M | $503.10M |
| Gross profit | $995.70M | $1.02B | $980.90M | $938.20M | $845.90M | $778.00M | $838.40M | $823.10M |
| Gross margin | 69.6% | 70.7% | 68.5% | 66.4% | 64.9% | 63.6% | 64.0% | 62.1% |
| Selling, general and administrative | $114.30M | $112.40M | $113.30M | $98.60M | $93.30M | $97.20M | $98.70M | $90.80M |
| Operating expenses | $583.30M | $574.40M | $552.20M | $544.40M | $514.70M | $500.40M | $519.00M | $537.40M |
| Operating income | $332.00M | $231.30M | $355.70M | $313.80M | $291.30M | $246.40M | $259.40M | $252.10M |
| Operating margin | 23.2% | 16.1% | 24.8% | 22.2% | 22.4% | 20.1% | 19.8% | 19.0% |
| EBITDA | $332.00M | $231.30M | $355.70M | $313.80M | $291.30M | $246.40M | $259.40M | $252.10M |
| Income before taxes | $332.00M | $231.30M | $355.70M | $313.80M | $291.30M | $246.40M | $259.40M | $252.10M |
| Income taxes | $63.20M | $42.10M | $62.50M | $53.30M | $53.50M | $47.30M | $42.50M | $52.30M |
| Net income | $268.80M | $189.20M | $293.20M | $260.50M | $237.80M | $199.10M | $216.90M | $199.80M |
| Net margin | 18.8% | 13.1% | 20.5% | 18.4% | 18.3% | 16.3% | 16.6% | 15.1% |
| EPS, basic | $2.37 | $1.65 | $2.61 | $2.30 | $2.08 | $1.80 | $1.97 | $1.81 |
| EPS, diluted | $2.36 | $1.65 | $2.60 | $2.28 | $2.07 | $1.79 | $1.95 | $1.80 |
| Diluted shares | 108.00M | 108.70M | 109.00M | 109.80M | 109.60M | 109.60M | 109.60M | 109.50M |
Figures describe Western Alliance Bancorp shares, not any token. As of Jul 31, 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.