How Neogen makes money

Period

FY2026

How does Neogen 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.

Neogen Corporation · FY2026 · year ended 2026-05-31

Revenue$870MNet loss$8M · 1%Cost of revenue$462M · 53%Gross profit$409M · 47%Operating expenses$430M · 49%Other income$14M · 2%R&D$18M · 2%SG&A$245M · 28%Selling & marketing$167M · 19%Product$768M · 88%Service$102M · 12%

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.