Flagship explainer

How DEXCOM, INC. 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$4.7B · 100%Cost of revenue$1.9B · 40%Gross profit$2.8B · 60%Operating income$912M · 20%Income before tax$1.1B · 23%Income tax$252M · 5%Net income$836M · 18%As of 2025-12-31 · 1 SEC filing sourceBuy 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
$4.7B100%
Cost of revenue$1.9B40%
$2.8B60%
$912M20%
Income before tax$1.1B23%
Income tax$252M5%
$836M18%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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