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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 | $1.31B | $1.28B | $1.28B | $1.30B | $1.29B | $1.27B | $1.26B | $1.24B |
| Cost of revenue | $263.55M | $242.86M | $241.95M | $250.71M | $250.19M | $240.12M | $234.47M | $222.11M |
| Gross profit | $1.05B | $1.04B | $1.03B | $1.05B | $1.04B | $1.03B | $1.03B | $1.02B |
| Gross margin | 79.9% | 81.0% | 81.0% | 80.7% | 80.6% | 81.1% | 81.4% | 82.1% |
| Selling, general and administrative | $385.91M | $364.77M | $360.43M | $384.35M | $356.14M | $368.60M | $379.85M | $360.11M |
| Operating expenses | $732.85M | $710.26M | $701.57M | $732.17M | $694.87M | $708.12M | $720.52M | $695.38M |
| Operating income | $315.89M | $325.42M | $332.60M | $315.07M | $341.98M | $319.25M | $305.39M | $326.35M |
| Operating margin | 24.1% | 25.5% | 26.1% | 24.3% | 26.6% | 25.2% | 24.2% | 26.2% |
| EBITDA | $620.31M | $670.91M | $673.75M | $662.89M | $624.73M | $658.79M | $646.08M | $661.68M |
| Interest income | $0 | $0 | −$109.97M | −$112.62M | $0 | $0 | −$82.05M | −$161.83M |
| Interest expense | −$102.27M | −$98.38M | $0 | — | −$115.80M | −$120.88M | $0 | — |
| Income before taxes | $215.88M | $227.46M | $214.70M | $198.62M | $226.98M | $193.51M | $226.57M | $182.26M |
| Income taxes | $60.82M | $58.11M | $68.40M | $55.11M | $58.75M | $51.03M | $29.28M | $50.24M |
| Net income | $153.85M | $168.37M | $145.39M | $145.13M | $165.18M | $140.25M | $189.96M | $127.15M |
| Net margin | 11.7% | 13.2% | 11.4% | 11.2% | 12.8% | 11.1% | 15.1% | 10.2% |
| EPS, basic | $0.20 | $0.21 | $0.22 | $0.18 | $0.20 | $0.16 | $0.28 | $0.14 |
| EPS, diluted | $0.19 | $0.19 | $0.20 | $0.16 | $0.18 | $0.15 | $0.26 | $0.13 |
| Diluted shares | 820.13M | 821.86M | 715.50M | 883.19M | 894.70M | 871.31M | 730.18M | 967.61M |
Figures describe ADT 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.