Flagship explainer

How TILE SHOP HOLDINGS, 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$337M · 100%Cost of revenue$122M · 36%Gross profit$215M · 64%Operating income−$5.8M · −2%Income before tax−$5.9M · −2%Income tax−$1.4M · −0%Net income−$4.5M · −1%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
$337M100%
Cost of revenue$122M36%
$215M64%
−$5.8M−2%
Income before tax−$5.9M−2%
Income tax−$1.4M−0%
−$4.5M−1%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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