Monster Beverage (MNST) financial statements
- FY2025 revenue
- $8.3B▲ +10.7%
- FY2025 net income
- $1.9B▲ +26.3%
- FY2025 free cash flow
- $2.0B▲ +18.1%
Monster Beverage income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 8,294 | 7,493 | 7,140 |
| Gross profit | 4,632 | 4,049 | 3,794 |
| Operating income | 2,419 | 1,930 | 1,953 |
| Pretax income | 2,483 | 1,989 | 2,068 |
| Net income | 1,905 | 1,509 | 1,631 |
Monster Beverage balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 2,088 | 1,533 | 2,298 |
| Total assets | 9,989 | 7,719 | 9,687 |
| Total liabilities (derived) | 1,735 | 1,761 | 1,458 |
| Total equity | 8,254 | 5,958 | 8,229 |
| Long-term debt | n/a | 374 | 0 |
Monster Beverage cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 2,098 | 1,929 | 1,718 |
| Capital expenditure | -132 | -264 | -221 |
| Free cash flow (derived) | 1,966 | 1,664 | 1,496 |
| Share repurchases | -104 | -3,772 | -659 |
Quarterly highlights
| USD millions | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 | 30 Sep 2025 |
| Revenue (derived) | 2,537 | 2,353 | 2,131 | 2,197 |
| Operating income (derived) | 740 | 730 | 543 | 675 |
| Net income (derived) | 585 | 569 | 449 | 524 |
| Operating cash flow (derived) | 509 | 605 | 379 | 745 |
| Total assets | 11,382 | 10,844 | 9,989 | 9,611 |
Monster Beverage major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Coca Cola Co | 21.0% | 204,243,204 | 29 January 2025 |
| European Refreshments Unlimited Company | 13.3% | 129,591,548 | 29 January 2025 |
| Vanguard Capital Management | 5.4% | 52,451,774 | 30 April 2026 |
Monster Beverage 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 25 September 2026 | 8-K | Current report | FORM 8-K |
| 4 September 2026 | 8-K | Current report | FORM 8-K |
| 6 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 6 August 2026 | 8-K | Current report | FORM 8-K |
| 8 July 2026 | 8-K | Current report | FORM 8-K |
| 4 June 2026 | 8-K | Current report | FORM 8-K |
| 15 May 2026 | 8-K | Current report | FORM 8-K |
| 8 May 2026 | 10-Q | Quarterly report | Quarterly report |
Common questions
What was Monster Beverage's revenue in fiscal 2025?
Monster Beverage reported $8.3 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 10.7% from fiscal 2024.
What was Monster Beverage's net income in fiscal 2025?
Monster Beverage reported net income of $1.9 billion for fiscal 2025, the year ended 31 December 2025, up 26.3% from fiscal 2024.
What was Monster Beverage's free cash flow in fiscal 2025?
Monster Beverage had $2.0 billion in free cash flow in fiscal 2025. Operating cash flow was $2.1 billion and capital expenditure was $132 million.
What were Monster Beverage's total assets at the end of fiscal 2025?
Monster Beverage reported total assets of $10.0 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Monster Beverage history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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