Flagship explainer

How Scilex Holding Co 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$30.3M · 100%Cost of revenue$96.3M · 318%Gross profit$126M · 416%Operating income−$346M · −1144%Income before tax−$374M · −1236%Income tax$26000 · 0%Net income−$374M · −1236%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
$30.3M100%
Cost of revenue$96.3M318%
$126M416%
−$346M−1144%
Income before tax−$374M−1236%
Income tax$260000%
−$374M−1236%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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