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Where the tokens are
Trade WDC perpsStandardised 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 | Q4 FY262026-07-03 | Q3 FY262026-04-03 | Q2 FY262026-01-02 | Q1 FY262025-10-03 | Q4 FY252025-06-27 | Q3 FY252025-03-28 | Q2 FY252024-12-27 | Q1 FY252024-09-27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.75B | $3.34B | $3.02B | $2.82B | $2.61B | $2.29B | $2.41B | $2.21B |
| Cost of revenue | $1.72B | $1.66B | $1.64B | $1.59B | $1.54B | $1.38B | $1.50B | $1.41B |
| Gross profit | $2.03B | $1.68B | $1.38B | $1.23B | $1.07B | $912.00M | $907.00M | $806.00M |
| Gross margin | 54.1% | 50.2% | 45.7% | 43.5% | 41.0% | 39.8% | 37.7% | 36.4% |
| Research and development | $284.00M | $294.00M | $289.00M | $294.00M | $262.00M | $245.00M | $225.00M | $262.00M |
| Selling, general and administrative | $138.00M | $147.00M | $128.00M | $138.00M | $124.00M | $108.00M | $132.00M | $204.00M |
| Operating expenses | $465.00M | $486.00M | $472.00M | $435.00M | $585.00M | $152.00M | $347.00M | $472.00M |
| Operating income | $1.56B | $1.19B | $908.00M | $792.00M | $482.00M | $760.00M | $560.00M | $334.00M |
| Operating margin | 41.7% | 35.7% | 30.1% | 28.1% | 18.5% | 33.1% | 23.2% | 15.1% |
| EBITDA | $1.71B | $1.33B | $1.00B | $880.00M | $767.00M | $669.00M | $680.00M | $472.00M |
| Interest income | $10.00M | $12.00M | $12.00M | $17.00M | $20.00M | $10.00M | $9.00M | $7.00M |
| Interest expense | −$14.00M | −$38.00M | −$54.00M | −$59.00M | −$74.00M | −$91.00M | −$93.00M | −$99.00M |
| Income before taxes | $3.25B | $3.36B | $1.96B | $1.34B | $347.00M | $74.00M | $466.00M | $243.00M |
| Income taxes | $52.00M | $154.00M | $120.00M | $155.00M | $95.00M | −$698.00M | $0 | $90.00M |
| Net income | $3.20B | $3.21B | $1.84B | $1.18B | $278.00M | $520.00M | $592.00M | $493.00M |
| Net margin | 85.3% | 96.0% | 61.1% | 41.9% | 10.7% | 22.7% | 24.6% | 22.3% |
| EPS, basic | $9.03 | $9.26 | $5.27 | $3.34 | $0.78 | $1.46 | $1.68 | $1.40 |
| EPS, diluted | $8.20 | $8.20 | $4.73 | $3.07 | $0.75 | $1.42 | $1.63 | $1.35 |
| Diluted shares | 388.00M | 387.00M | 381.00M | 376.00M | 364.00M | 358.00M | 357.00M | 357.00M |
Figures describe Western Digital shares, not any token. As of Aug 14, 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.