Flagship explainer

How Travelzoo 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$91.7M · 100%Cost of revenue$18.1M · 20%Gross profit$73.6M · 80%Operating income$6.9M · 8%Income before tax$7.7M · 8%Income tax$2.7M · 3%Net income$4.7M · 5%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
$91.7M100%
Cost of revenue$18.1M20%
$73.6M80%
$6.9M8%
Income before tax$7.7M8%
Income tax$2.7M3%
$4.7M5%
Source: · event Dec 31, 2025 · retrieved Sep 19, 2026 · annual-row source set
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