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How LIGHT & WONDER, 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$3.3B · 100%Cost of revenue$885M · 27%Gross profit$2.4B · 73%Operating income$683M · 21%Income before tax$365M · 11%Income tax$89M · 3%Net income$276M · 8%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
$3.3B100%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
Cost of revenue$885M27%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
$2.4B73%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
$683M21%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
Income before tax$365M11%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
Income tax$89M3%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
$276M8%
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0000750004-26-000012 · filed Feb 24, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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