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How Phoenix Motor 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$31.2M · 100%Cost of revenue$24.1M · 77%Gross profit$7.1M · 23%Operating income−$31M · −99%Income before tax$11.4M · 37%Income tax$3.5M · 11%Net income$7.9M · 25%As of 2024-12-31 · 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
$31.2M100%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Cost of revenue$24.1M77%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
$7.1M23%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
−$31M−99%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Income before tax$11.4M37%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Income tax$3.5M11%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
$7.9M25%
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Source:
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
· event Dec 31, 2024 · retrieved Oct 16, 2026 · annual-row source set
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