Flagship explainer

How FIRY 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$104M · 100%Cost of revenue$13.1M · 12%Gross profit$91.4M · 88%Operating income−$63.9M · −61%Income before tax−$70.3M · −67%Income tax$108000 · 0%Net income−$70.4M · −67%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
$104M100%
Cost of revenue$13.1M12%
$91.4M88%
−$63.9M−61%
Income before tax−$70.3M−67%
Income tax$1080000%
−$70.4M−67%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
Embed this chart

View the full FIRY INC. analysis at Buy Like Buffett