Flagship explainer

How a.k.a. Brands Holding Corp. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$600M · 100%Cost of revenue$256M · 43%Gross profit$344M · 57%Operating income−$18M · −3%Income before tax−$29.3M · −5%Income tax$2.1M · 0%Net income−$31.4M · −5%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$600M100%
Cost of revenue$256M43%
$344M57%
−$18M−3%
Income before tax−$29.3M−5%
Income tax$2.1M0%
−$31.4M−5%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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