How Cognex makes money

Period

FY2025

How does Cognex make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Cognex Corporation · FY2025 · year ended 2025-12-31

Revenue$1.0BGross profit$665M · 67%Cost of revenue$329M · 33%Operating income$163M · 16%Operating expenses$503M · 51%R&D$139M · 14%SG&A$364M · 37%Pre-tax income$183M · 18%Other income$20M · 2%Net income$114M · 12%Income tax$68M · 7%Standard Productand Services$880M · 89%Applicationof Customer Specific Solutions$114M · 11%License Fees & Transferred Inventory Revenue$13M · 1%License Fees Revenue$10M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.