How 10x Genomics makes money

Period

FY2025

How does 10x Genomics 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.

10x Genomics Inc. · FY2025 · year ended 2025-12-31

Revenue$643MNet loss$44M · 7%Cost of revenue$199M · 31%Gross profit$444M · 69%Operating expenses$505M · 79%Other income$21M · 3%R&D$239M · 37%Other opex$266M · 41%Income tax$4M · 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.