Monster Beverage Corp (MNST) financial statements: income statement, balance sheet and cash flow

Monster Beverage Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Monster Beverage Corp reported revenue of $8.3B (+10.7% year on year) and net income of $1.9B (+26.3% year on year).

Income statement

Monster Beverage Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
NET SALES	$8.3B	$7.5B	$7.1B	$6.3B
COST OF SALES	$3.7B	$3.4B	$3.3B	$3.1B
GROSS PROFIT	$4.6B	$4.0B	$3.8B	$3.2B
OPERATING EXPENSES	$2.2B	$2.1B	$1.8B	$1.6B
OPERATING INCOME	$2.4B	$1.9B	$2.0B	$1.6B
INTEREST AND OTHER INCOME, NET	$63.2M	$59.2M	$115.1M	($12.8M)
INCOME BEFORE PROVISION FOR INCOME TAXES	$2.5B	$2.0B	$2.1B	$1.6B
PROVISION FOR INCOME TAXES	$577.1M	$480.4M	$437.5M	$380.3M
NET INCOME	$1.9B	$1.5B	$1.6B	$1.2B
Basic (in dollar per share)	$1.95	$1.50	$1.56	$2.26
Diluted (in dollar per share)	$1.94	$1.49	$1.54	$2.23
Basic (in shares)	975.9M	1.0B	1.0B	526.8M
Diluted (in shares)	984.5M	1.0B	1.1B	533.2M

Monster Beverage Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
NET SALES	$2.5B	$2.4B	$2.2B	$2.1B
COST OF SALES	$1.1B	$1.1B	$972.7M	$935.2M
GROSS PROFIT	$1.4B	$1.3B	$1.2B	$1.2B
OPERATING EXPENSES	$679.2M	$563.4M	$549.1M	$544.8M
OPERATING INCOME	$740.4M	$730.0M	$675.4M	$631.6M
INTEREST and OTHER INCOME, net	$27.8M	$20.2M	$14.2M	$15.1M
INCOME BEFORE PROVISION FOR INCOME TAXES	$768.3M	$750.1M	$689.5M	$646.7M
PROVISION FOR INCOME TAXES	$183.7M	$180.6M	$165.1M	$157.9M
NET INCOME	$584.5M	$569.5M	$524.5M	$488.8M
Basic (in dollar per share)	$0.60	$0.58	$0.54	$0.50
Diluted (in dollar per share)	$0.59	$0.58	$0.53	$0.50
Basic (in shares)	978.7M	978.3M	976.6M	975.7M
Diluted (in shares)	988.5M	988.3M	985.0M	984.0M

Balance sheet

Monster Beverage Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$2.1B	$1.5B	$2.3B	$1.3B
Short-term investments	$677.1M	$0	$955.6M	$1.4B
Accounts receivable, net	$1.6B	$1.2B	$1.2B	$1.0B
Inventories	$799.6M	$737.1M	$971.4M	$935.6M
Prepaid expenses and other current assets	$103.6M	$107.3M	$116.2M	$109.8M
Prepaid income taxes	$74.6M	$42.2M	$54.2M	$33.8M
Total current assets	$5.4B	$3.6B	$5.6B	$4.8B
INVESTMENTS	$487.3M	—	$76.4M	$61.4M
PROPERTY AND EQUIPMENT, net	$1.1B	$1.0B	$890.8M	$516.9M
DEFERRED INCOME TAXES, net	$188.6M	$184.3M	$175.0M	$177.0M
GOODWILL	$1.3B	$1.3B	$1.4B	$1.4B
OTHER INTANGIBLE ASSETS, net	$1.4B	$1.4B	$1.4B	$1.2B
OTHER ASSETS	$159.4M	$100.4M	$110.2M	$134.5M
Total Assets	$10.0B	$7.7B	$9.7B	$8.3B
Accounts payable	$566.0M	$466.8M	$564.4M	$444.3M
Accrued liabilities	$306.1M	$220.8M	$184.0M	$173.0M
Accrued promotional allowances	$384.1M	$267.7M	$269.1M	$255.6M
Deferred revenue	$45.3M	$45.8M	$41.9M	$43.3M
Accrued compensation	$114.0M	$92.5M	$87.4M	$72.5M
Income taxes payable	$32.3M	$4.0M	$15.0M	$13.3M
Total current liabilities	$1.4B	$1.1B	$1.2B	$1.0B
DEFERRED REVENUE	$160.0M	$179.0M	$204.3M	$223.8M
OTHER LIABILITIES	$127.1M	$110.9M	$91.8M	$42.3M
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,132,906 shares issued and 978,113 shares outstanding as of December 31, 2025; 1,126,329 shares issued and 973,079 shares outstanding as of December 31, 2024	5.7M	5.6M	5.6M	3.2M
Additional paid-in capital	$5.4B	$5.1B	$5.0B	$4.8B
Retained earnings	$9.4B	$7.4B	$5.9B	$9.0B
Accumulated other comprehensive loss	($60.8M)	($269.5M)	($125.3M)	($159.1M)
Common stock in treasury, at cost; 154,793 shares and 153,250 shares as of December 31, 2025 and December 31, 2024, respectively	-6.5B	-6.4B	-2.6B	-6.6B
Total stockholders' equity	$8.3B	$6.0B	$8.2B	$7.0B
Total Liabilities and Stockholders' Equity	$10.0B	$7.7B	$9.7B	$8.3B

Monster Beverage Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$2.2B	$2.0B	$2.3B	$1.9B
Short-term investments	$1.2B	$945.3M	$286.4M	$145.3M
Accounts receivable, net	$1.9B	$1.9B	$1.6B	$1.5B
Inventories	$867.7M	$828.3M	$704.6M	$658.2M
Prepaid expenses and other current assets	$148.7M	$166.5M	$142.7M	$137.3M
Prepaid income taxes	$67.0M	$49.1M	$38.4M	$39.0M
Total current assets	$6.4B	$5.9B	$5.1B	$4.4B
INVESTMENTS	$781.3M	$770.4M	$359.2M	$138.1M
PROPERTY AND EQUIPMENT, net	$1.1B	$1.1B	$1.1B	$1.1B
DEFERRED INCOME TAXES, net	$189.4M	$189.1M	$185.3M	$184.8M
GOODWILL	$1.3B	$1.3B	$1.3B	$1.3B
OTHER INTANGIBLE ASSETS, net	$1.4B	$1.4B	$1.4B	$1.4B
OTHER ASSETS	$197.2M	$185.9M	$138.9M	$136.3M
Total Assets	$11.4B	$10.8B	$9.6B	$8.7B
Accounts payable	$753.8M	$783.9M	$683.0M	$489.0M
Accrued liabilities	$335.5M	$396.9M	$325.4M	$258.9M
Accrued promotional allowances	$434.0M	$402.4M	$392.6M	$360.4M
Deferred revenue	$47.7M	$46.4M	$47.2M	$49.3M
Accrued compensation	$88.2M	$69.7M	$102.1M	$72.8M
Income taxes payable	$58.3M	$115.7M	$40.0M	$28.1M
Total current liabilities	$1.7B	$1.8B	$1.6B	$1.3B
DEFERRED REVENUE	$151.3M	$155.3M	$164.7M	$169.8M
OTHER LIABILITIES	$149.3M	$146.2M	$111.0M	$110.2M
Common stock - $0.005 par value; 5,000,000 shares authorized; 1,136,078 shares issued and 979,490 shares outstanding as of June 30, 2026; 1,132,906 shares issued and 978,113 shares outstanding as of December 31, 2025	5.7M	5.7M	5.7M	5.7M
Additional paid-in capital	$5.6B	$5.5B	$5.3B	$5.3B
Retained earnings	$10.5B	$9.9B	$8.9B	$8.4B
Accumulated other comprehensive loss	($112.8M)	($69.3M)	($93.4M)	($91.3M)
Common stock in treasury, at cost; 156,588 shares and 154,793 shares as of June 30, 2026 and December 31, 2025, respectively	-6.6B	-6.6B	-6.4B	-6.4B
Total stockholders' equity	$9.4B	$8.7B	$7.7B	$7.2B
Total Liabilities and Stockholders' Equity	$11.4B	$10.8B	$9.6B	$8.7B

Cash flow statement

Monster Beverage Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$1.9B	$1.5B	$1.6B	$1.2B
Depreciation and amortization	$114.4M	$80.4M	$68.9M	$61.2M
Non-cash lease expense	$15.4M	$13.5M	$9.0M	$7.3M
Loss on disposal of property and equipment	$2.8M	$3.3M	$166.0K	($185.0K)
Impairment of goodwill and other intangibles	$38.4M	$127.1M	—	—
Impairment of property and equipment	$12.0M	$8.2M	$4.3M	—
Stock-based compensation	$125.7M	$91.0M	$68.8M	$64.1M
Deferred income taxes	$4.2M	($11.7M)	$2.0M	$48.2M
Accounts receivable	($300.6M)	($93.9M)	($163.2M)	($129.0M)
Inventories	($34.9M)	$211.5M	$7.9M	($347.7M)
Prepaid expenses and other assets	($39.3M)	$9.0M	($10.2M)	($38.3M)
Prepaid income taxes	($21.1M)	$3.1M	($18.8M)	($4.4M)
Accounts payable	$78.5M	($61.5M)	$112.8M	$49.8M
Accrued liabilities	$81.3M	$18.4M	($10.4M)	($30.4M)
Accrued promotional allowances	$98.3M	$9.7M	$8.4M	$50.8M
Accrued compensation	$17.8M	$5.9M	$13.4M	$3.7M
Income taxes payable	$27.8M	$9.4M	$1.7M	($16.9M)
Other liabilities	($4.9M)	$13.4M	$23.0M	($4.5M)
Deferred revenue	($23.0M)	($17.4M)	($24.5M)	($19.9M)
Net cash provided by operating activities	$2.1B	$1.9B	$1.7B	$887.7M
Sales of available-for-sale investments	$105.8M	$1.4B	$2.0B	$2.3B
Purchases of available-for-sale investments	($1.3B)	($342.1M)	($1.6B)	($1.8B)
Purchases of property and equipment	($132.3M)	($264.1M)	($221.4M)	($188.7M)
Proceeds from sale of property and equipment	$4.3M	$2.7M	$2.5M	$1.3M
Additions to intangibles	($25.3M)	($42.4M)	($13.3M)	($23.4M)
Decrease (increase) in other assets	($398.0K)	$1.6M	($6.8M)	($26.3M)
Net cash (used in) provided by investing activities	($1.3B)	$733.7M	($193.4M)	($161.4M)
Payments on short-term debt	($10.3M)	($8.2M)	($13.9M)	$75.0K
Payments on credit facilities	($375.0M)	($375.0M)	—	—
Issuance of common stock	$164.6M	$79.0M	$130.3M	$64.0M
Purchases of common stock held in treasury	($103.6M)	($3.8B)	($659.0M)	($771.0M)
Net cash used in financing activities	($324.4M)	($3.3B)	($542.6M)	($706.9M)
Effect of exchange rate changes on cash and cash equivalents	$97.9M	($97.6M)	$8.8M	($38.7M)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	$554.8M	($764.4M)	$990.5M	($19.3M)
CASH AND CASH EQUIVALENTS, beginning of year	$1.5B	$2.3B	$1.3B	$1.3B
CASH AND CASH EQUIVALENTS, end of year	$2.1B	—	$2.3B	$1.3B
Interest	$5.3M	$25.3M	$363.0K	$431.0K

Monster Beverage Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$1.2B	$569.5M	$1.5B	$931.8M
Depreciation and amortization	$58.2M	$28.4M	$82.0M	$52.4M
Non-cash lease expense	$7.8M	$3.6M	$10.3M	$7.0M
Gain on disposal of property and equipment	($1.4M)	($684.0K)	($916.0K)	($641.0K)
Loss on impairment of property and equipment	$0	$0	$2.3M	$2.3M
Stock-based compensation	$64.0M	$28.3M	$86.7M	$53.9M
Deferred income taxes	($412.0K)	($413.0K)	$455.0K	$646.0K
Accounts receivable	($290.4M)	($249.1M)	($299.1M)	($222.2M)
Inventories	($73.8M)	($33.5M)	$58.4M	$104.6M
Prepaid expenses and other assets	($62.3M)	($70.6M)	($66.3M)	($63.7M)
Prepaid income taxes	$3.5M	$23.4M	$14.0M	$14.5M
Accounts payable	$192.2M	$164.7M	$148.6M	$4.3M
Accrued liabilities	$18.4M	$87.0M	$98.5M	$28.5M
Accrued promotional allowances	$56.5M	$23.7M	$105.8M	$71.5M
Accrued compensation	($27.1M)	($45.5M)	$6.4M	($22.1M)
Income taxes payable	$25.8M	$83.4M	$33.4M	$21.1M
Other liabilities	($4.2M)	($3.7M)	($2.1M)	($1.6M)
Deferred revenue	($6.5M)	($3.5M)	($15.9M)	($8.6M)
Net cash provided by operating activities	$1.1B	$605.0M	$1.7B	$973.6M
Sales and maturities of available-for-sale investments	$507.4M	—	—	—
Purchases of available-for-sale investments	($1.4B)	($696.1M)	($618.4M)	($283.1M)
Purchases of property and equipment	($69.0M)	($20.6M)	($104.1M)	($60.5M)
Proceeds from sale of property and equipment	$2.9M	$819.0K	$2.7M	$2.3M
Additions to intangibles	($6.6M)	($3.5M)	($19.7M)	($15.4M)
Increase in other assets	($5.7M)	$1.0M	($507.0K)	($1.1M)
Net cash used in investing activities	($929.3M)	($520.7M)	($719.2M)	($357.7M)
Payments on short-term debt	($3.6M)	($2.1M)	($8.0M)	($5.0M)
Payments on credit facilities	$0	$0	($375.0M)	($375.0M)
Issuance of common stock	$78.9M	$18.0M	$114.4M	$87.7M
Purchases of common stock held in treasury	($134.0M)	($134.0M)	($43.9M)	($16.6M)
Net cash used in financing activities	($58.7M)	($118.1M)	($312.6M)	($309.0M)
Effect of exchange rate changes on cash and cash equivalents	($21.9M)	($14.6M)	$72.7M	$86.7M
NET INCREASE IN CASH AND CASH EQUIVALENTS	$104.3M	($48.4M)	$759.7M	$393.6M
CASH AND CASH EQUIVALENTS, beginning of period	$2.1B	$2.1B	$1.5B	$1.5B
CASH AND CASH EQUIVALENTS, end of period	$2.2B	$2.0B	$2.3B	$1.9B
Interest	$98.0K	$41.0K	$5.3M	$5.1M
Income taxes	$332.1M	$71.4M	$413.2M	$262.7M

Monster Beverage Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.