Flagship explainer

How GPGI, 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$59.8M · 100%Cost of revenue$31.1M · 52%Gross profit$28.7M · 48%Operating income−$13.7M · −23%Income before tax−$226M · −377%Income tax$39M · 65%Net income−$136M · −227%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
$59.8M100%
Cost of revenue$31.1M52%
$28.7M48%
−$13.7M−23%
Income before tax−$226M−377%
Income tax$39M65%
−$136M−227%
Source: · event Dec 31, 2025 · retrieved Oct 20, 2026 · annual-row source set
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