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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 | $205.10M | $200.81M | $190.49M | $183.22M | $175.53M | $169.16M | $160.73M | $154.33M |
| Gross profit | $205.10M | $200.81M | $190.49M | $183.22M | $175.53M | $169.16M | $160.73M | $154.33M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $21.47M | $21.11M | $19.81M | $19.13M | $19.75M | $19.15M | $15.37M | $15.13M |
| Operating expenses | $112.31M | $104.48M | $100.24M | $96.89M | $95.03M | $91.24M | $85.74M | $81.74M |
| Operating income | $92.79M | $96.33M | $90.25M | $86.34M | $80.50M | $77.92M | $75.00M | $72.59M |
| Operating margin | 45.2% | 48.0% | 47.4% | 47.1% | 45.9% | 46.1% | 46.7% | 47.0% |
| EBITDA | $167.78M | $164.43M | $155.29M | $150.50M | $142.40M | $138.01M | $131.56M | $126.79M |
| Interest expense | −$40.28M | −$35.97M | −$36.36M | −$35.21M | −$32.27M | −$30.76M | −$29.10M | −$28.94M |
| Income before taxes | $55.18M | $62.73M | $56.47M | $52.50M | $49.78M | $47.97M | $46.45M | $45.61M |
| Income taxes | $375.00K | $500.00K | $260.00K | $225.00K | $425.00K | $825.00K | $1.08M | $1.08M |
| Net income | $54.81M | $62.23M | $56.21M | $52.28M | $49.35M | $47.15M | $45.38M | $44.53M |
| Net margin | 26.7% | 31.0% | 29.5% | 28.5% | 28.1% | 27.9% | 28.2% | 28.9% |
| EPS, basic | $0.44 | $0.50 | $0.47 | $0.45 | $0.43 | $0.42 | $0.42 | $0.42 |
| EPS, diluted | $0.44 | $0.50 | $0.47 | $0.45 | $0.43 | $0.42 | $0.41 | $0.42 |
| Diluted shares | 120.49M | 120.38M | 115.37M | 111.51M | 110.38M | 107.55M | 105.00M | 101.72M |
Figures describe Agree Realty shares, not any token. As of Jul 30, 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.