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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 | $292.92M | $231.26M | $244.43M | $269.16M | $215.37M | $172.35M | $223.47M | $203.98M |
| Cost of revenue | $158.30M | $124.03M | $144.52M | $156.01M | $110.91M | $89.80M | $112.66M | $99.14M |
| Gross profit | $134.62M | $107.24M | $99.91M | $113.15M | $104.46M | $82.55M | $110.82M | $104.83M |
| Gross margin | 46.0% | 46.4% | 40.9% | 42.0% | 48.5% | 47.9% | 49.6% | 51.4% |
| Research and development | $42.25M | $36.55M | $44.02M | $39.65M | $33.82M | $27.50M | $27.75M | $27.84M |
| Selling, general and administrative | $42.62M | $34.51M | $32.85M | $44.58M | $38.95M | $29.27M | $39.08M | $32.81M |
| Operating expenses | $84.88M | $71.06M | $76.87M | $84.23M | $72.77M | $56.77M | $66.83M | $60.65M |
| Operating income | $49.74M | $36.18M | $23.04M | $28.92M | $31.69M | $25.78M | $43.99M | $44.18M |
| Operating margin | 17.0% | 15.6% | 9.4% | 10.7% | 14.7% | 15.0% | 19.7% | 21.7% |
| EBITDA | $56.04M | $41.64M | $28.90M | $33.03M | $35.03M | $28.79M | $46.88M | $46.57M |
| Interest income | $7.14M | $4.72M | $4.19M | $3.10M | $4.01M | $3.34M | $2.81M | $2.97M |
| Interest expense | −$2.06M | −$1.93M | −$1.79M | −$1.85M | −$1.76M | −$1.56M | −$1.23M | −$1.21M |
| Income before taxes | $135.72M | $30.01M | $20.78M | $49.09M | $38.16M | $27.17M | $56.43M | $42.68M |
| Income taxes | $13.47M | $3.77M | $6.57M | $2.69M | $1.89M | $2.15M | $17.32M | $4.01M |
| Net income | $122.25M | $26.24M | $14.21M | $46.40M | $36.27M | $25.01M | $39.11M | $38.67M |
| Net margin | 41.7% | 11.3% | 5.8% | 17.2% | 16.8% | 14.5% | 17.5% | 19.0% |
| EPS, basic | $1.31 | $0.26 | $0.12 | $0.56 | $0.47 | $0.32 | $0.49 | $0.49 |
| EPS, diluted | $1.23 | $0.24 | $0.12 | $0.52 | $0.44 | $0.30 | $0.48 | $0.45 |
| Diluted shares | 71.84M | 69.77M | 66.42M | 68.41M | 67.46M | 66.95M | 64.98M | 66.67M |
Figures describe ACM Research shares, not any token. As of Aug 7, 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.