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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 | $1.60B | $1.53B | $1.72B | $1.51B | $1.34B | $1.36B | $1.56B | $1.37B |
| Cost of revenue | $667.89M | $665.24M | $702.44M | $674.22M | $653.33M | $639.58M | $671.66M | $638.91M |
| Gross profit | $931.11M | $863.55M | $1.01B | $832.62M | $691.60M | $723.64M | $885.62M | $733.67M |
| Gross margin | 58.2% | 56.5% | 59.1% | 55.3% | 51.4% | 53.1% | 56.9% | 53.5% |
| Research and development | $542.09M | $478.30M | $472.69M | $453.42M | $443.33M | $424.17M | $422.94M | $412.79M |
| Selling, general and administrative | $559.74M | $459.70M | $491.61M | $507.56M | $507.95M | $493.32M | $489.56M | $494.09M |
| Operating expenses | $1.10B | $938.00M | $964.30M | $960.98M | $951.27M | $917.48M | $912.50M | $906.88M |
| Operating income | −$170.72M | −$74.45M | $49.72M | −$128.36M | −$259.68M | −$193.85M | −$26.88M | −$173.21M |
| Operating margin | -10.7% | -4.9% | 2.9% | -8.5% | -19.3% | -14.2% | -1.7% | -12.6% |
| EBITDA | −$123.78M | −$29.75M | $93.10M | −$85.85M | −$219.65M | −$156.13M | $12.70M | −$134.36M |
| Interest income | $24.67M | $26.46M | $31.69M | $32.26M | $33.20M | $37.02M | $38.57M | $38.53M |
| Interest expense | −$36.94M | −$36.76M | −$36.50M | −$34.49M | −$27.61M | −$23.40M | −$5.81M | −$5.88M |
| Income before taxes | −$161.49M | −$85.76M | $37.96M | −$103.03M | −$254.91M | −$131.16M | $14.27M | −$144.92M |
| Income taxes | $2.47M | $3.19M | −$7.25M | $510.00K | $7.66M | $8.43M | $5.16M | $8.33M |
| Net income | −$163.96M | −$88.95M | $45.21M | −$103.54M | −$262.57M | −$139.59M | $9.10M | −$153.25M |
| Net margin | -10.3% | -5.8% | 2.6% | -6.9% | -19.5% | -10.2% | 0.6% | -11.2% |
| EPS, basic | −$0.10 | −$0.05 | $0.03 | −$0.06 | −$0.16 | −$0.08 | $0.01 | −$0.09 |
| EPS, diluted | −$0.10 | −$0.05 | $0.03 | −$0.06 | −$0.16 | −$0.08 | $0.01 | −$0.09 |
| Diluted shares | 1.66B | 1.69B | 1.71B | 1.70B | 1.67B | 1.70B | 1.68B | 1.66B |
Figures describe Snap shares, not any token. As of Aug 4, 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.