How Intuitive Surgical makes money

Period

FY2025

How does Intuitive Surgical 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.

Intuitive Surgical Inc. · FY2025 · year ended 2025-12-31

Revenue$10.1BGross profit$6.6B · 66%Cost of revenue$3.4B · 34%Operating income$2.9B · 29%Operating expenses$3.7B · 37%R&D$1.3B · 13%SG&A$2.4B · 24%Pre-tax income$3.3B · 33%Other income$345M · 3%Net income$2.9B · 28%Income tax$435M · 4%Instrumentsand Accessories$6.0B · 60%Systems$2.5B · 25%Service$1.6B · 16%

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.