Flagship explainer

How UNIVERSAL DISPLAY CORPORATION 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$651M · 100%Cost of revenue$154M · 24%Gross profit$496M · 76%Operating income$249M · 38%Income before tax$295M · 45%Income tax$52.7M · 8%Net income$242M · 37%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
$651M100%
Cost of revenue$154M24%
$496M76%
$249M38%
Income before tax$295M45%
Income tax$52.7M8%
$242M37%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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