Monolithic Power Systems Inc. (MPWR) financial statements: income statement, balance sheet and cash flow
Monolithic Power Systems Inc.'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), Monolithic Power Systems Inc. reported revenue of $2.8B (+26.4% year on year) and net income of $621.5M (-65.2% year on year).
Income statement
Monolithic Power Systems Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$2.8B
$2.2B
$1.8B
$1.8B
Cost of revenue
$1.3B
$986.2M
$800.0M
$745.6M
Gross profit
$1.5B
$1.2B
$1.0B
$1.0B
Research and development
$382.3M
$324.7M
$263.6M
$240.2M
Selling, general and administrative
$428.8M
$356.8M
$275.7M
$273.6M
Total operating expenses
$811.1M
$681.5M
$539.4M
$521.8M
Operating income
$728.6M
$539.4M
$481.7M
$526.8M
Other income, net
$37.6M
$33.6M
$24.1M
($1.8M)
Income before income taxes
$766.2M
$572.9M
$505.8M
$524.9M
Income tax expense (benefit), net
$144.7M
($1.2B)
$78.5M
$87.3M
Net income
$621.5M
$1.8B
$427.4M
$437.7M
Basic (in dollars per share)
$12.94
$36.76
$8.98
$9.37
Diluted (in dollars per share)
$12.86
$36.59
$8.76
$9.05
Basic (in shares)
48.0M
48.6M
47.6M
46.7M
Diluted (in shares)
48.3M
48.8M
48.8M
48.4M
Monolithic Power Systems Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$980.6M
$804.2M
$737.2M
$664.6M
Cost of revenue
$439.6M
$359.1M
$330.9M
$298.6M
Gross profit
$541.1M
$445.1M
$406.2M
$366.0M
Research and development
$118.6M
$100.6M
$98.2M
$96.3M
Selling, general and administrative
$118.6M
$103.3M
$112.9M
$105.0M
Total operating expenses
$237.2M
$203.9M
$211.0M
$201.3M
Operating income
$303.9M
$241.2M
$195.2M
$164.8M
Other income, net
$17.8M
$6.0M
$10.4M
$12.2M
Income before income taxes
$321.7M
$247.2M
$205.6M
$177.0M
Income tax expense
$64.4M
$54.0M
$27.3M
$43.3M
Net income
$257.3M
$193.2M
$178.3M
$133.7M
Basic (in dollars per share)
$5.24
$3.94
$3.72
$2.79
Diluted (in dollars per share)
$5.22
$3.92
$3.71
$2.78
Basic (in shares)
49.1M
49.1M
47.9M
47.9M
Diluted (in shares)
49.3M
49.2M
48.0M
48.0M
Balance sheet
Monolithic Power Systems Inc. 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
$1.1B
$691.8M
$527.8M
$288.6M
Short-term investments
$157.2M
$171.1M
$580.6M
$449.3M
Accounts receivable, net
$255.6M
$172.5M
$179.9M
$182.7M
Inventories
$564.6M
$419.6M
$383.7M
$447.3M
Other current assets
$107.0M
$110.0M
$147.5M
$42.7M
Total current assets
$2.2B
$1.6B
$1.8B
$1.4B
Property and equipment, net
$627.7M
$494.9M
$369.0M
$357.2M
Acquisition-related intangible assets, net
$8.8M
$9.9M
—
—
Goodwill
$25.9M
$25.9M
$6.6M
$6.6M
Deferred tax assets, net
$1.2B
$1.3B
$28.1M
$35.3M
Other Assets, Noncurrent
$165.1M
$194.4M
$211.3M
$249.3M
Total assets
$4.2B
$3.6B
$2.4B
$2.1B
Accounts payable
$138.3M
$102.5M
$63.0M
$61.5M
Accrued compensation and related benefits
$86.0M
$63.9M
$56.3M
$88.3M
Accrued Liabilities, Current
$145.1M
$128.1M
$115.8M
$113.7M
Total current liabilities
$369.4M
$294.6M
$235.0M
$263.4M
Income tax liabilities
$75.0M
$65.2M
$60.7M
$53.5M
Deferred tax liabilities
$90.5M
—
—
—
Other Liabilities, Noncurrent
$127.8M
$111.6M
$88.7M
$73.4M
Total liabilities
$662.7M
$471.3M
$384.4M
$390.3M
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 48,709 and 47,823, respectively
937.0M
706.8M
1.1B
975.3M
Retained earnings
$2.6B
$2.5B
$947.1M
$716.4M
Accumulated other comprehensive loss
($15.2M)
($48.5M)
($27.1M)
($23.1M)
Total stockholders’ equity
$3.5B
$3.1B
$2.0B
$1.7B
Total liabilities and stockholders’ equity
$4.2B
$3.6B
$2.4B
$2.1B
Monolithic Power Systems Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$1.0B
$1.1B
$1.1B
$787.4M
Short-term investments
$408.2M
$304.2M
$188.2M
$358.7M
Accounts receivable, net
$343.6M
$302.1M
$241.6M
$194.8M
Inventories
$675.8M
$619.2M
$505.7M
$490.6M
Other current assets
$44.2M
$42.7M
$96.0M
$87.2M
Total current assets
$2.5B
$2.3B
$2.1B
$1.9B
Property and equipment, net
$774.5M
$693.9M
$597.3M
$563.9M
Acquisition-related intangible assets, net
$8.2M
$8.5M
$9.1M
$9.4M
Goodwill
$25.9M
$25.9M
$25.9M
$25.9M
Deferred tax assets, net
$1.2B
$1.2B
$1.3B
$1.3B
Other long-term assets
$217.3M
$206.6M
$161.1M
$144.3M
Total assets
$4.7B
$4.4B
$4.2B
$4.0B
Accounts payable
$182.2M
$174.5M
$141.7M
$129.9M
Accrued compensation and related benefits
$93.6M
$98.8M
$99.6M
$81.3M
Other accrued liabilities
$222.1M
$213.7M
$201.5M
$172.3M
Total current liabilities
$497.9M
$487.0M
$442.8M
$383.5M
Income tax liabilities
$75.0M
$75.0M
$78.3M
$73.2M
Deferred tax liabilities
$90.3M
$90.3M
—
—
Other long-term liabilities
$127.5M
$119.2M
$117.4M
$113.4M
Total liabilities
$790.8M
$771.5M
$638.4M
$570.1M
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 49,142 and 48,709, respectively
1.0B
983.9M
885.1M
822.6M
Retained earnings
$2.9B
$2.7B
$2.7B
$2.6B
Accumulated other comprehensive income (loss)
$509.0K
($10.1M)
($22.7M)
($23.7M)
Total stockholders’ equity
$3.9B
$3.7B
$3.6B
$3.4B
Total liabilities and stockholders’ equity
$4.7B
$4.4B
$4.2B
$4.0B
Cash flow statement
Monolithic Power Systems Inc. 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
$621.5M
$1.8B
$427.4M
$437.7M
Depreciation and amortization
$52.5M
$36.4M
$40.2M
$37.1M
Amortization of discount on available-for-sale securities
($4.1M)
($20.1M)
($5.3M)
$4.4M
Gain on deferred compensation plan investments
($10.0M)
($9.4M)
($8.5M)
$6.6M
Deferred taxes, net
$39.7M
($1.3B)
$5.9M
($13.2M)
Stock-based compensation expense
$227.5M
$205.6M
$149.7M
$161.0M
Other
($737.0K)
$28.0K
($23.0K)
$97.0K
Accounts receivable
($83.1M)
$7.3M
$2.9M
($77.9M)
Inventories
($145.1M)
($35.2M)
$63.6M
($188.1M)
Other assets
$60.1M
$54.5M
($24.3M)
($177.3M)
Accounts payable
$41.2M
$23.2M
$4.8M
($11.2M)
Accrued compensation and related benefits
$19.8M
$8.7M
($31.2M)
$28.5M
Income tax liabilities
$2.0M
$13.2M
($308.0K)
$16.6M
Other accrued liabilities
$16.9M
$20.3M
$14.9M
$22.5M
Net cash provided by operating activities
$838.2M
$788.4M
$638.2M
$246.7M
Purchases of property and equipment
($172.0M)
($146.1M)
($57.6M)
($58.8M)
Purchases of intangible assets
($2.9M)
($18.2M)
$0
$0
Purchases of investments
($397.4M)
($1.1B)
($582.6M)
($63.7M)
Maturities and sales of investments
$419.6M
$1.5B
$468.3M
$127.9M
Cash paid for acquisition, net of cash acquired
$0
($33.3M)
—
—
Contributions to deferred compensation plan
($4.5M)
($4.8M)
($6.9M)
($16.5M)
Net cash provided by (used in) investing activities
($157.3M)
$223.0M
($178.7M)
($12.5M)
Property and equipment purchased on extended payment terms
($2.6M)
($4.1M)
($2.8M)
($2.1M)
Proceeds from common stock issued
$9.2M
$8.7M
$7.6M
$5.9M
Repurchases of common stock
($7.7M)
($636.2M)
—
—
Dividends and dividend equivalents paid
($284.8M)
($240.6M)
($185.8M)
($138.0M)
Net cash used in financing activities
($285.9M)
($872.2M)
($183.7M)
($128.8M)
Net increase in cash, cash equivalents and restricted cash
$407.6M
$130.8M
$272.5M
$99.3M
Cash, cash equivalents and restricted cash, beginning of period
$691.9M
$561.2M
$288.7M
$189.4M
Cash, cash equivalents and restricted cash, end of period
$1.1B
$691.9M
$561.2M
$288.7M
Effect of change in exchange rates
$12.5M
($8.5M)
($3.3M)
($6.0M)
Cash and cash equivalents
$1.1B
—
—
—
Restricted cash included in other current assets
$0
—
—
—
Restricted cash included in other long-term assets
$219.0K
—
—
—
Total cash, cash equivalents, and restricted cash
$1.1B
—
—
—
Cash paid for income taxes, net
$95.1M
$79.6M
$85.1M
$85.0M
Liability accrued for property and equipment purchases
$14.5M
$22.3M
$1.8M
$5.7M
Liability accrued for dividends and dividend equivalents
$80.6M
$63.4M
$53.2M
$40.9M
Monolithic Power Systems Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$450.5M
$193.2M
$445.8M
$267.5M
Depreciation and amortization
$32.2M
$15.1M
$38.3M
$24.6M
Amortization of discount on available-for-sale securities
($484.0K)
—
($3.9M)
($2.9M)
Gain on deferred compensation plan investments
($7.3M)
$1.6M
($8.0M)
($4.2M)
Deferred taxes, net
($125.0K)
($152.0K)
$26.7M
$17.0M
Stock-based compensation expense
$94.3M
$41.1M
$173.6M
$112.9M
Other
($1.1M)
($696.0K)
($390.0K)
$29.0K
Accounts receivable
($88.0M)
($46.5M)
($69.0M)
($22.3M)
Inventories
($111.2M)
($54.5M)
($86.1M)
($71.0M)
Other assets
$17.3M
$17.5M
$73.2M
$83.4M
Accounts payable
$33.3M
$29.7M
$33.9M
$36.6M
Accrued compensation and related benefits
$7.0M
$12.6M
$33.9M
$15.6M
Income tax liabilities
$32.6M
$26.0M
$53.7M
$33.8M
Other accrued liabilities
$19.2M
$15.3M
$21.7M
$3.0M
Net cash provided by operating activities
$478.2M
$250.3M
$733.3M
$494.0M
Purchases of property and equipment
($153.3M)
($70.8M)
($131.0M)
($88.5M)
Purchases of investments
($263.8M)
($161.8M)
($395.5M)
($393.0M)
Maturities and sales of investments
$14.6M
$14.4M
$384.6M
$211.2M
Other
$5.6M
—
—
—
Net cash used in investing activities
($396.9M)
($212.3M)
($145.7M)
($273.3M)
Property and equipment purchased on extended payment terms
($897.0K)
($2.7M)
($2.1M)
($1.9M)
Proceeds from common stock issued
$5.8M
$5.8M
$9.2M
$5.3M
Repurchases of common stock
($4.0M)
—
($5.7M)
($3.7M)
Dividends and dividend equivalents paid
($179.5M)
($78.4M)
($210.0M)
($135.1M)
Net cash used in financing activities
($178.6M)
($75.3M)
($208.6M)
($135.3M)
Effect of change in exchange rates
$3.6M
$961.0K
$10.4M
$10.2M
Net increase (decrease) in cash, cash equivalents and restricted cash
($93.7M)
($36.4M)
$389.5M
$95.6M
Cash, cash equivalents and restricted cash, beginning of period
$1.1B
$1.1B
$691.9M
$691.9M
Cash, cash equivalents and restricted cash, end of period
$1.0B
$1.1B
$1.1B
$787.5M
Cash and cash equivalents
$1.0B
$1.1B
—
—
Restricted cash included in other long-term assets
$216.0K
$217.0K
—
—
Total cash, cash equivalents, and restricted cash
$1.0B
$1.1B
—
—
Cash paid for income taxes, net
$88.7M
$31.4M
$22.0M
$17.0M
Liability accrued for property and equipment purchases
$27.0M
$11.0M
$11.7M
$6.1M
Liability accrued for dividends and dividend equivalents