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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 FY262026-06-28 | Q3 FY262026-03-29 | Q2 FY262025-12-28 | Q1 FY262025-09-29 | Q1 FY262025-09-28 | Q4 FY252025-06-29 | Q3 FY252025-03-30 | Q2 FY252024-12-29 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $346.40M | $150.20M | $168.50M | $196.80M | $196.80M | $197.00M | $185.40M | $180.50M |
| Cost of revenue | $460.20M | $190.20M | $246.80M | $273.90M | $273.90M | $222.70M | $207.90M | $217.70M |
| Gross profit | −$113.80M | −$40.00M | −$78.30M | −$77.10M | −$77.10M | −$25.70M | −$22.50M | −$37.20M |
| Gross margin | -32.9% | -26.6% | -46.5% | -39.2% | -39.2% | -13.0% | -12.1% | -20.6% |
| Research and development | $59.60M | $27.20M | $24.90M | $31.70M | $31.70M | $37.60M | $42.20M | $44.40M |
| Selling, general and administrative | $75.20M | $37.00M | $29.40M | $37.90M | $37.90M | $36.10M | $41.10M | $51.10M |
| Operating expenses | $171.10M | $74.80M | $82.50M | $90.00M | $69.60M | $574.90M | $172.20M | $286.60M |
| Operating income | −$284.90M | −$114.80M | −$160.80M | −$167.10M | −$146.70M | −$600.60M | −$194.70M | −$323.80M |
| Operating margin | -82.2% | -76.4% | -95.4% | -84.9% | -74.5% | -304.9% | -105.0% | -179.4% |
| EBITDA | −$147.60M | −$142.60M | −$95.20M | −$77.40M | −$77.40M | −$58.20M | −$75.40M | −$88.80M |
| Interest expense | −$40.50M | −$52.10M | −$58.00M | −$700.00K | −$700.00K | −$84.80M | −$85.40M | −$80.50M |
| Income before taxes | $278.90M | −$120.20M | $917.90M | $423.70M | −$643.50M | −$679.40M | −$285.40M | −$372.30M |
| Income taxes | $4.00M | −$300.00K | $4.70M | $3.50M | $100.00K | −$10.10M | $100.00K | −$100.00K |
| Net income | $274.90M | −$119.90M | $913.20M | $420.20M | −$643.60M | −$669.30M | −$285.50M | −$372.20M |
| Net margin | 79.4% | -79.8% | 542.0% | 213.5% | -327.0% | -339.7% | -154.0% | -206.2% |
| EPS, basic | — | −$3.05 | −$5.78 | $2.69 | −$4.12 | −$4.30 | −$1.86 | −$2.88 |
| EPS, diluted | — | −$3.05 | −$5.78 | $2.22 | −$4.12 | −$4.30 | −$1.86 | −$2.88 |
| Diluted shares | — | 39.28M | 26.06M | 189.05M | 156.19M | 155.63M | 153.90M | 129.02M |
Figures describe Wolfspeed shares, not any token. As of Aug 20, 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.