Flagship explainer

How Maravai LifeSciences Holdings, 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$186M · 100%Cost of revenue$152M · 82%Gross profit$34M · 18%Operating income−$215M · −116%Income before tax−$235M · −127%Income tax−$4.2M · −2%Net income−$131M · −70%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
$186M100%
Cost of revenue$152M82%
$34M18%
−$215M−116%
Income before tax−$235M−127%
Income tax−$4.2M−2%
−$131M−70%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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