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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 | $3.52B | $3.31B | $3.08B | $2.56B | $2.52B | $2.39B | $2.15B | — |
| Cost of revenue | $2.15B | $2.06B | $1.93B | $1.58B | $1.51B | $1.46B | $1.41B | $0 |
| Gross profit | $1.37B | $1.25B | $1.15B | $983.80M | $1.00B | $926.20M | $738.91M | — |
| Gross margin | 39.0% | 37.8% | 37.2% | 38.4% | 39.8% | 38.8% | 34.4% | — |
| Selling, general and administrative | $67.49M | $67.47M | $1.56B | $63.12M | $64.18M | $63.76M | $48.71M | $473.20K |
| Operating expenses | $890.14M | $757.82M | $2.32B | $621.80M | $594.57M | $614.08M | $586.92M | $558.20K |
| Operating income | $481.74M | $492.46M | −$1.17B | $361.99M | $406.86M | $312.12M | $151.99M | −$558.20K |
| Operating margin | 13.7% | 14.9% | -38.0% | 14.1% | 16.2% | 13.1% | 7.1% | — |
| EBITDA | $1.26B | $1.13B | −$515.65M | $889.16M | $935.50M | $864.54M | $660.63M | −$558.20K |
| Interest income | $0 | $46.22M | $54.44M | $67.22M | $0 | $34.50M | $71.03M | $533.73K |
| Interest expense | −$181.91M | −$192.72M | −$203.78M | −$162.05M | −$141.16M | −$144.96M | −$154.47M | — |
| Income before taxes | $320.43M | $345.24M | −$1.27B | $293.11M | $298.21M | $198.71M | $109.24M | −$24.47K |
| Income taxes | −$61.98M | $11.63M | −$4.99M | $2.34M | $1.05M | −$5.52M | $114.00K | — |
| Net income | $462.98M | $752.32M | $117.77M | $282.19M | $304.62M | $257.27M | $123.75M | −$24.47K |
| Net margin | 13.1% | 22.8% | 3.8% | 11.0% | 12.1% | 10.8% | 5.8% | — |
| EPS, basic | $0.63 | $1.04 | $0.14 | $0.42 | $0.46 | $0.40 | $0.19 | −$0.13 |
| EPS, diluted | $0.61 | $1.02 | $0.14 | $0.41 | $0.45 | $0.40 | $0.19 | −$0.13 |
| Diluted shares | 737.96M | 726.26M | 710.75M | 685.40M | 668.14M | 653.80M | 634.60M | 2.88M |
Figures describe Welltower shares, not any token. As of Jul 28, 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.