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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 | Q4 FY262026-06-30 | Q3 FY262026-03-31 | Q2 FY262025-12-31 | Q1 FY262025-09-30 | Q4 FY252025-06-30 | Q3 FY252025-03-31 | Q2 FY252024-12-31 | Q1 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.81B | $1.69B | $1.58B | $1.53B | $1.50B | $1.43B | $1.35B |
| Cost of revenue | $1.26B | $1.13B | $1.06B | $1.00B | $983.29M | $970.19M | $925.31M | $888.00M |
| Gross profit | $787.08M | $679.95M | $622.82M | $579.20M | $546.15M | $527.69M | $509.35M | $460.13M |
| Gross margin | 38.5% | 37.7% | 36.9% | 36.6% | 35.7% | 35.2% | 35.5% | 34.1% |
| Research and development | $216.38M | $185.99M | $165.71M | $154.88M | $155.74M | $150.73M | $143.85M | $131.60M |
| Selling, general and administrative | $266.36M | $267.64M | $258.49M | $252.08M | $245.43M | $231.44M | $220.61M | $228.97M |
| Operating expenses | $467.51M | $459.96M | $438.82M | $435.34M | $554.52M | $460.52M | $372.49M | $384.93M |
| Operating income | $319.56M | $219.98M | $184.00M | $143.86M | −$8.37M | $67.17M | $136.87M | $75.20M |
| Operating margin | 15.6% | 12.2% | 10.9% | 9.1% | -0.5% | 4.5% | 9.5% | 5.6% |
| EBITDA | $510.52M | $387.27M | $324.64M | $294.67M | $265.37M | $287.51M | $279.35M | $237.31M |
| Interest expense | −$41.05M | −$44.56M | −$45.94M | −$58.72M | −$55.05M | −$57.28M | −$64.28M | −$66.64M |
| Income before taxes | $278.51M | $184.35M | $167.99M | $216.89M | −$63.42M | $9.89M | $128.40M | $19.30M |
| Income taxes | $42.31M | $2.67M | $24.17M | −$8.31M | $34.70M | $8.13M | $26.86M | −$5.56M |
| Net income | $236.20M | $181.67M | $143.81M | $225.20M | −$98.11M | $1.77M | $101.54M | $24.86M |
| Net margin | 11.5% | 10.1% | 8.5% | 14.2% | -6.4% | 0.1% | 7.1% | 1.8% |
| EPS, basic | $1.23 | $1.01 | $0.87 | $1.24 | −$0.83 | −$0.11 | $0.46 | −$0.04 |
| EPS, diluted | $1.19 | $0.97 | $0.76 | $1.19 | −$0.86 | −$0.11 | $0.44 | −$0.04 |
| Diluted shares | 201.74M | 196.37M | 192.76M | 190.68M | 150.23M | 155.18M | 159.99M | 153.63M |
Figures describe Coherent 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.