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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 FY262026-06-28 | Q1 FY262026-03-29 | Q4 FY252025-12-28 | Q3 FY252025-09-28 | Q2 FY252025-06-29 | Q1 FY252025-03-30 | Q4 FY242024-12-29 | Q3 FY242024-09-29 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $570.57M | $540.64M | $542.97M | $549.52M | $560.93M | $523.47M | $574.27M | $566.74M |
| Cost of revenue | $207.28M | $201.05M | $202.78M | $204.26M | $196.52M | $188.17M | $195.57M | $195.64M |
| Gross profit | $363.30M | $339.59M | $340.20M | $345.26M | $364.41M | $335.30M | $378.70M | $371.10M |
| Gross margin | 63.7% | 62.8% | 62.7% | 62.8% | 65.0% | 64.1% | 65.9% | 65.5% |
| Selling, general and administrative | $216.61M | $203.45M | −$223.71M | $183.11M | $187.93M | $186.33M | −$270.09M | $208.57M |
| Operating expenses | $284.01M | $276.29M | $276.18M | $253.21M | $260.15M | $252.09M | $282.68M | $276.43M |
| Operating income | $79.28M | $63.30M | $64.02M | $92.05M | $104.26M | $83.22M | $96.02M | $94.68M |
| Operating margin | 13.9% | 11.7% | 11.8% | 16.8% | 18.6% | 15.9% | 16.7% | 16.7% |
| EBITDA | $120.48M | $106.28M | $97.67M | $138.24M | $143.11M | $120.49M | $125.50M | $135.78M |
| Interest income | $0 | $0 | −$1.72M | — | $0 | $0 | $11.00K | — |
| Interest expense | −$33.85M | −$34.11M | −$32.50M | −$31.54M | −$30.95M | −$31.48M | −$31.08M | −$31.27M |
| Income before taxes | $48.57M | $34.17M | $33.19M | $63.24M | $75.90M | $54.92M | $70.48M | $69.65M |
| Income taxes | $15.95M | $11.45M | $6.71M | $18.98M | $20.79M | $15.69M | $22.99M | $19.43M |
| Net income | $32.62M | $22.71M | $26.48M | $44.25M | $55.11M | $39.23M | $47.50M | $50.22M |
| Net margin | 5.7% | 4.2% | 4.9% | 8.1% | 9.8% | 7.5% | 8.3% | 8.9% |
| EPS, basic | $0.17 | $0.12 | $0.14 | $0.23 | $0.29 | $0.20 | $0.23 | $0.25 |
| EPS, diluted | $0.17 | $0.12 | $0.14 | $0.23 | $0.29 | $0.19 | $0.23 | $0.25 |
| Diluted shares | 191.21M | 190.90M | 190.54M | 191.25M | 192.71M | 201.62M | 205.05M | 204.25M |
Figures describe Wendy's 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.