Flagship explainer

How PUMA BIOTECHNOLOGY, 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$228M · 100%Cost of revenue$58.2M · 25%Gross profit$170M · 75%Operating income$37.3M · 16%Income before tax$35.8M · 16%Income tax$4.7M · 2%Net income$31.1M · 14%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
$228M100%
Cost of revenue$58.2M25%
$170M75%
$37.3M16%
Income before tax$35.8M16%
Income tax$4.7M2%
$31.1M14%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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