Monolithic Power Systems, Inc. income statement
In fiscal 2025, Monolithic Power Systems, Inc. reported revenue of $2.79bn, up 26.4% on the year before, operating income of $729m (a 26.1% margin) and net income of $621m, or $12.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 165 | 219 | 197 | 214 | 238 | 283 | 333 | 389 | 471 | 582 | 628 | 844 | 1,208 | 1,794 | 1,821 | 2,207 | 2,790 | 3,273 |
| Cost of revenue | 67 | 97 | 95 | 101 | 110 | 130 | 153 | 178 | 213 | 260 | 282 | 378 | 522 | 746 | 800 | 986 | 1,251 | 1,467 |
| Gross profit | 98 | 121 | 102 | 113 | 128 | 153 | 180 | 211 | 258 | 323 | 346 | 466 | 685 | 1,049 | 1,021 | 1,221 | 1,540 | 1,807 |
| Research and development | 38 | 44 | 45 | 49 | 50 | 59 | 66 | 74 | 82 | 93 | 108 | 138 | 191 | 240 | 264 | 325 | 382 | 413 |
| Selling, general and administrative | 37 | 41 | 40 | 50 | 55 | 67 | 72 | 83 | 97 | 114 | 134 | 162 | 232 | 282 | 276 | 357 | 429 | 454 |
| Operating income | 20 | 30 | 13 | 17 | 24 | 35 | 41 | 54 | 77 | 113 | 103 | 159 | 262 | 527 | 482 | 539 | 729 | 940 |
| Income before tax | 20 | 31 | 14 | 18 | 24 | 36 | 42 | 57 | 83 | 118 | 113 | 169 | 272 | 525 | 506 | 573 | 766 | 984 |
| Income tax | 0 | 2 | 0 | 2 | 1 | 1 | 7 | 5 | 18 | 13 | 4 | 5 | 30 | 87 | 78 | −1,019 | 145 | 182 |
| Net income | 20 | 30 | 13 | 16 | 23 | 35 | 35 | 53 | 65 | 105 | 109 | 164 | 242 | 438 | 427 | 1,592 | 621 | 802 |
| Diluted EPS | $0.54 | $0.78 | $0.38 | $0.43 | $0.59 | $0.89 | $0.86 | $1.26 | $1.50 | $2.36 | $2.38 | $3.50 | $5.05 | $9.05 | $8.76 | $32.60 | $12.86 | $16.39 |
| Diluted shares (average) | 37m | 38m | 35m | 36m | 39m | 40m | 41m | 42m | 44m | 45m | 46m | 47m | 48m | 48m | 49m | 49m | 48m | 49m |
| EBITDA | 26 | 39 | 22 | 27 | 36 | 48 | 55 | 69 | 94 | 126 | 117 | 178 | 291 | 564 | 522 | 576 | 781 | 1,000 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 620 | 622 | 638 | 665 | 737 | 751 | 804 | 981 |
| Cost of revenue | 277 | 277 | 284 | 299 | 331 | 337 | 359 | 440 |
| Gross profit | 343 | 344 | 353 | 366 | 406 | 414 | 445 | 541 |
| Research and development | 85 | 86 | 92 | 96 | 98 | 96 | 101 | 119 |
| Selling, general and administrative | 94 | 95 | 92 | 105 | 113 | 119 | 103 | 119 |
| Operating income | 164 | 163 | 169 | 165 | 195 | 200 | 241 | 304 |
| Income before tax | 174 | 170 | 174 | 177 | 206 | 210 | 247 | 322 |
| Income tax | 30 | −1,085 | 39 | 42 | 26 | 38 | 54 | 64 |
| Net income | 144 | 1,255 | 135 | 135 | 180 | 172 | 193 | 257 |
| Diluted EPS | $2.95 | $25.71 | $2.81 | $2.81 | $3.74 | $3.49 | $3.92 | $5.22 |
| EBITDA | 173 | 173 | 180 | 178 | 209 | 214 | 256 | 321 |
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