Flagship explainer

How NUWELLIS, 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$8.3M · 100%Cost of revenue$3.1M · 38%Gross profit$5.1M · 62%Operating income−$11.1M · −134%Income before tax−$17.5M · −212%Income tax$5000 · 0%Net income−$17.5M · −212%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
$8.3M100%
Cost of revenue$3.1M38%
$5.1M62%
−$11.1M−134%
Income before tax−$17.5M−212%
Income tax$50000%
−$17.5M−212%
Source: · event Dec 31, 2025 · retrieved Sep 19, 2026 · annual-row source set
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