{ "ticker": "MNST", "cik": "0000865752", "company": "Monster Beverage Corporation", "business_type": "consumer", "schema_template": "standard consumer products (net sales, cost of sales, gross profit, operating expenses, operating income, net income, per-share; balance sheet; cash flow)", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not thousands); share counts in actual shares; per-share amounts in dollars", "units_notes_seen": { "FY2025 10-K consolidated balance sheets": "AS OF DECEMBER 31, 2025 AND 2024 (In Thousands, Except Par Value)", "FY2025 10-K consolidated statements of income": "FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023 (In Thousands, Except Per Share Amounts)", "FY2025 10-K consolidated statements of cash flows": "FOR THE YEARS ENDED DECEMBER 31, 2025, 2024 AND 2023 (In Thousands)", "FY2025 10-K segment note": "(Tabular Dollars in Thousands, Except Per Share Amounts)", "FY2025 10-K debt note": "(Tabular Dollars in Thousands, Except Per Share Amounts)", "Q2 2026 10-Q condensed consolidated balance sheets": "AS OF JUNE 30, 2026 AND DECEMBER 31, 2025 (In Thousands, Except Par Value) (Unaudited)", "Q2 2026 10-Q condensed consolidated statements of income": "FOR THE THREE- AND SIX-MONTHS ENDED JUNE 30, 2026 AND 2025 (In Thousands, Except Per Share Amounts) (Unaudited)", "Q2 2026 10-Q condensed consolidated statements of cash flows": "FOR THE SIX-MONTHS ENDED JUNE 30, 2026 AND 2025 (In Thousands) (Unaudited)", "Q2 2026 10-Q segment note": "(Tabular Dollars in Thousands, Except Per Share Amounts) (Unaudited)" }, "adjustments": { "splits_applied": [ "None. Per-share amounts are reported exactly as the source filings print them." ], "adr_ratio": null, "fx": "None. The company reports in U.S. dollars and publishes no convenience translation." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-020831", "income_statement": { "net_sales": 8294343000, "cost_of_sales": 3662148000, "gross_profit": 4632195000, "operating_expenses": 2212841000, "operating_income": 2419354000, "interest_and_other_income_net": 63175000, "income_before_income_taxes": 2482529000, "provision_for_income_taxes": 577097000, "net_income": 1905432000, "basic_eps": 1.95, "diluted_eps": 1.94, "basic_shares": 975887000, "diluted_shares": 984451000 }, "balance_sheet": { "cash_and_cash_equivalents": 2088117000, "short_term_investments": 677084000, "accounts_receivable_net": 1618072000, "inventories": 799623000, "total_current_assets": 5361084000, "long_term_investments": 487329000, "property_and_equipment_net": 1081544000, "total_assets": 9988945000, "total_current_liabilities": 1447780000, "long_term_debt": 0, "total_stockholders_equity": 8254108000, "total_liabilities": 1734837000, "total_debt": 0 }, "cash_flow": { "depreciation_and_amortization": 114441000, "stock_based_compensation": 125687000, "operating_cash_flow": 2098177000, "capital_expenditures": -132275000, "investing_cash_flow": -1316778000, "purchases_of_treasury_stock": -103646000, "financing_cash_flow": -324422000, "free_cash_flow": 1965902000 }, "segment_net_sales": { "monster_energy_drinks": 7665871000, "strategic_brands": 468716000, "alcohol_brands": 134720000, "other": 25036000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-020831", "income_statement": { "net_sales": 7492709000, "cost_of_sales": 3443831000, "gross_profit": 4048878000, "operating_expenses": 2118584000, "operating_income": 1930294000, "interest_and_other_income_net": 59165000, "income_before_income_taxes": 1989459000, "provision_for_income_taxes": 480411000, "net_income": 1509048000, "basic_eps": 1.5, "diluted_eps": 1.49, "basic_shares": 1004566000, "diluted_shares": 1013107000 }, "balance_sheet": { "cash_and_cash_equivalents": 1533287000, "short_term_investments": 0, "accounts_receivable_net": 1221646000, "inventories": 737107000, "total_current_assets": 3641504000, "long_term_investments": 0, "property_and_equipment_net": 1047024000, "total_assets": 7719089000, "total_current_liabilities": 1097519000, "long_term_debt": 373951000, "total_stockholders_equity": 5957718000, "total_liabilities": 1761371000, "total_debt": 373951000 }, "cash_flow": { "depreciation_and_amortization": 80434000, "stock_based_compensation": 90985000, "operating_cash_flow": 1928533000, "capital_expenditures": -264074000, "investing_cash_flow": 733727000, "purchases_of_treasury_stock": -3771875000, "financing_cash_flow": -3329029000, "free_cash_flow": 1664459000 }, "segment_net_sales": { "monster_energy_drinks": 6864597000, "strategic_brands": 432233000, "alcohol_brands": 172313000, "other": 23566000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0001104659-26-020831", "income_statement": { "net_sales": 7140027000, "cost_of_sales": 3345821000, "gross_profit": 3794206000, "operating_expenses": 1840851000, "operating_income": 1953355000, "interest_and_other_income_net": 115127000, "income_before_income_taxes": 2068482000, "provision_for_income_taxes": 437494000, "net_income": 1630988000, "basic_eps": 1.56, "diluted_eps": 1.54, "basic_shares": 1044887000, "diluted_shares": 1057981000 }, "cash_flow": { "depreciation_and_amortization": 68898000, "stock_based_compensation": 68836000, "operating_cash_flow": 1717753000, "capital_expenditures": -221428000, "investing_cash_flow": -193395000, "purchases_of_treasury_stock": -658952000, "financing_cash_flow": -542599000, "free_cash_flow": 1496325000 }, "segment_net_sales": { "monster_energy_drinks": 6555089000, "strategic_brands": 376589000, "alcohol_brands": 184855000, "other": 23494000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 2, "label": "Q2 2026", "period_start": "2026-04-01", "period_end": "2026-06-30", "period_type": "three months", "source_accession": "0001104659-26-092193", "segment_net_sales": { "monster_energy_drinks": 2356131000, "strategic_brands": 143721000, "alcohol_brands": 32194000, "other": 5427000 }, "income_statement": { "net_sales": 2537473000, "cost_of_sales": 1117839000, "gross_profit": 1419634000, "operating_expenses": 679192000, "operating_income": 740442000, "interest_and_other_income_net": 27827000, "income_before_income_taxes": 768269000, "provision_for_income_taxes": 183729000, "net_income": 584540000, "basic_eps": 0.6, "diluted_eps": 0.59, "basic_shares": 978662000, "diluted_shares": 988479000 }, "balance_sheet": { "cash_and_cash_equivalents": 2192424000, "short_term_investments": 1226832000, "accounts_receivable_net": 1902421000, "inventories": 867674000, "total_current_assets": 6405076000, "long_term_investments": 781314000, "property_and_equipment_net": 1095810000, "total_assets": 11382291000, "total_current_liabilities": 1717494000, "long_term_debt": 0, "total_stockholders_equity": 9364148000, "total_liabilities": 2018143000, "total_debt": 0 } }, { "fiscal_year": 2025, "fiscal_quarter": 2, "label": "Q2 2025", "period_start": "2025-04-01", "period_end": "2025-06-30", "period_type": "three months", "source_accession": "0001104659-26-092193", "segment_net_sales": { "monster_energy_drinks": 1937321000, "strategic_brands": 129893000, "alcohol_brands": 37971000, "other": 6408000 }, "income_statement": { "net_sales": 2111593000, "cost_of_sales": 935180000, "gross_profit": 1176413000, "operating_expenses": 544791000, "operating_income": 631622000, "interest_and_other_income_net": 15065000, "income_before_income_taxes": 646687000, "provision_for_income_taxes": 157893000, "net_income": 488794000, "basic_eps": 0.5, "diluted_eps": 0.5, "basic_shares": 975749000, "diluted_shares": 983997000 } } ], "year_to_date": { "label": "Six months ended June 30, 2026", "period_start": "2026-01-01", "period_end": "2026-06-30", "period_type": "six months", "source_accession": "0001104659-26-092193", "income_statement": { "net_sales": 4890764000, "cost_of_sales": 2177781000, "gross_profit": 2712983000, "operating_expenses": 1242582000, "operating_income": 1470401000, "interest_and_other_income_net": 47997000, "income_before_income_taxes": 1518398000, "provision_for_income_taxes": 364373000, "net_income": 1154025000, "basic_eps": 1.18, "diluted_eps": 1.17, "basic_shares": 978487000, "diluted_shares": 988456000 }, "cash_flow": { "operating_cash_flow": 1114201000, "capital_expenditures": -69031000, "free_cash_flow": 1045170000, "investing_cash_flow": -929315000, "financing_cash_flow": -58697000 } }, "prior_year_to_date": { "label": "Six months ended June 30, 2025", "period_start": "2025-01-01", "period_end": "2025-06-30", "period_type": "six months", "source_accession": "0001104659-26-092193", "income_statement": { "net_sales": 3966150000, "cost_of_sales": 1741775000, "gross_profit": 2224375000, "operating_expenses": 1023008000, "operating_income": 1201367000, "interest_and_other_income_net": 23337000, "income_before_income_taxes": 1224704000, "provision_for_income_taxes": 292917000, "net_income": 931787000, "basic_eps": 0.96, "diluted_eps": 0.95, "basic_shares": 974691000, "diluted_shares": 982748000 }, "cash_flow": { "operating_cash_flow": 973616000, "capital_expenditures": -60460000, "free_cash_flow": 913156000, "investing_cash_flow": -357729000, "financing_cash_flow": -308972000 } }, "trailing_twelve_months": { "label": "Trailing twelve months ended June 30, 2026", "period_start": "2025-07-01", "period_end": "2026-06-30", "period_type": "trailing twelve months", "basis": "Full year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025, using the columns printed in the FY2025 10-K (accession 0001104659-26-020831) and the Q2 2026 10-Q (accession 0001104659-26-092193).", "income_statement": { "net_sales": 9218957000, "cost_of_sales": 4098154000, "gross_profit": 5120803000, "operating_expenses": 2432415000, "operating_income": 2688388000, "net_income": 2127670000 }, "cash_flow": { "operating_cash_flow": 2238762000, "capital_expenditures": -140846000, "free_cash_flow": 2097916000 } }, "pro_forma_split_adjusted": { "label": "Pro forma weighted-average shares outstanding and net income per common share, split-adjusted", "basis": "Unaudited pro forma amounts published in Note 18, SUBSEQUENT EVENT, of the Q2 2026 10-Q (accession 0001104659-26-092193), giving effect to the two-for-one stock split - effected as a 100% stock dividend, distributed after the close of trading on August 10, 2026 - as if it had been effective for all periods presented. These are per-share amounts and share counts only. Every other figure in this record, including the per-share amounts and share counts inside the quarterly, annual and year-to-date blocks, is on the pre-split basis the filings print and is not restated here.", "units": "share counts in actual shares; per-share amounts in dollars", "units_note_seen": "(Tabular Dollars in Thousands, Except Per Share Amounts) (Unaudited)", "three_months": [ { "label": "Three months ended June 30, 2026", "period_start": "2026-04-01", "period_end": "2026-06-30", "period_type": "three months", "source_accession": "0001104659-26-092193", "basic_eps": 0.3, "diluted_eps": 0.3, "basic_shares": 1957325000, "diluted_shares": 1976957000 }, { "label": "Three months ended June 30, 2025", "period_start": "2025-04-01", "period_end": "2025-06-30", "period_type": "three months", "source_accession": "0001104659-26-092193", "basic_eps": 0.25, "diluted_eps": 0.25, "basic_shares": 1951499000, "diluted_shares": 1967995000 } ], "six_months": [ { "label": "Six months ended June 30, 2026", "period_start": "2026-01-01", "period_end": "2026-06-30", "period_type": "six months", "source_accession": "0001104659-26-092193", "basic_eps": 0.59, "diluted_eps": 0.58, "basic_shares": 1956973000, "diluted_shares": 1976911000 }, { "label": "Six months ended June 30, 2025", "period_start": "2025-01-01", "period_end": "2025-06-30", "period_type": "six months", "source_accession": "0001104659-26-092193", "basic_eps": 0.48, "diluted_eps": 0.47, "basic_shares": 1949383000, "diluted_shares": 1965496000 } ] }, "notes": [ "Amounts are stated in actual U.S. dollars. Both source filings present their statements in thousands - the FY2025 10-K's income statement and cash flow statement are headed \"In Thousands, Except Per Share Amounts\" and \"In Thousands\", and the Q2 2026 10-Q's are headed the same way - and every figure here has been scaled up from those columns. Share counts are stated in actual shares and per-share amounts in dollars.", "Which periods appear, and why. The FY2025 10-K (accession 0001104659-26-020831) presents three years of income statement and cash flow - 2025, 2024 and 2023 - but only two balance sheets, as of December 31, 2025 and 2024. FY2023 therefore carries an income statement and cash flow statement but no balance sheet. The Q2 2026 10-Q (accession 0001104659-26-092193) presents the three months and six months ended June 30, 2026 and 2025, together with balance sheets as of June 30, 2026 and December 31, 2025; the second quarter of 2025 accordingly carries an income statement only.", "No discrete quarterly cash flow figures are published. The 10-Q's statement of cash flows covers the six months ended June 30, 2026 and 2025 only, and the second-quarter earnings release furnished with the 8-K filed August 6, 2026 (accession 0001104659-26-092046) contains an income statement and a balance sheet but no cash flow statement. Operating cash flow, capital expenditures and free cash flow are therefore reported for the fiscal years and for the six-month year-to-date periods, and are deliberately absent from the individual quarters. No three-month cash flow figure has been derived by subtraction.", "Stock split. The Board approved a two-for-one stock split effected as a 100% stock dividend, distributed after the close of trading on August 10, 2026, with the stock expected to trade on a split-adjusted basis from August 11, 2026. Both source filings were filed before that date, so the per-share amounts and share counts in the reported blocks - quarterly, annual, year_to_date, prior_year_to_date and trailing_twelve_months - are on the pre-split basis those filings printed, and those blocks are all on one consistent basis. Split-adjusted per-share amounts and share counts appear in this record only in the pro_forma_split_adjusted block, which carries the unaudited pro forma figures the 10-Q publishes for the periods it covers. An earlier two-for-one split in March 2023 precedes every period presented and is already reflected in the filings' own comparatives, so no adjustment was made for it.", "Total liabilities is a derived subtotal. Neither balance sheet prints a \"total liabilities\" line; the figure shown is total assets less total stockholders' equity, and it equals the sum of the printed liability captions in each period - current liabilities, non-current deferred revenue, other liabilities and, at December 31, 2024, long-term debt.", "Debt. No borrowings were outstanding at June 30, 2026 or December 31, 2025. The $750.0 million term loan drawn under the May 2024 credit agreement was repaid in April 2025; $373,951 thousand, net of unamortized issuance costs, was outstanding at December 31, 2024. Nothing was drawn on the revolving credit facility or on the $15.0 million HSBC line of credit at either of the more recent dates.", "Free cash flow is operating cash flow less purchases of property and equipment, as those lines are printed in the cash flow statements. Neither filing publishes a free cash flow measure of its own. Capital expenditures are carried with the outflow sign the filings print.", "The trailing-twelve-month view is built from full-year 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Per-share amounts and share counts are deliberately omitted from it, because weighted-average share counts for different periods cannot meaningfully be added.", "Segment net sales are the company's four reportable segments - Monster Energy Drinks, Strategic Brands, Alcohol Brands and Other - as presented in the segment notes of the two filings. They sum to consolidated net sales in every period shown.", "The company paid no dividends in any period presented; the cash flow statements carry no dividend line.", "The FY2024 and FY2023 columns are reported as the FY2025 10-K presents them. No restatement of a prior year was identified in either filing." ], "uncertainties": [ "Quarterly cash generation cannot be isolated from these filings. Neither the 10-Q nor the second-quarter earnings release publishes a three-month statement of cash flows, so no operating cash flow, capital expenditure or free cash flow figure is reported for the second quarter of 2026 or of 2025.", "The second quarter of 2025 carries an income statement only, and FY2023 carries no balance sheet, because those filings do not print the corresponding columns. Both gaps are genuine absences in the source documents rather than omissions.", "Per-share amounts and share counts in the reported blocks - quarterly, annual, year_to_date, prior_year_to_date and trailing_twelve_months - are on the pre-split basis printed by filings made before the August 11, 2026 split date, and so are not directly comparable with per-share figures published on a post-split basis afterwards. The split-adjusted per-share amounts and share counts are carried separately in the pro_forma_split_adjusted block.", "Total liabilities is derived rather than printed, as described in the notes above. It reconciles exactly in every period, but it is not a caption either filing shows." ], "headline": { "period": "Q2 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 2537473000, "text": "$2.54 billion", "exact": "$2,537,473,000", "compact": "$2.54B", "abs": "$2.54 billion", "prior_value": 2111593000, "prior": "$2.11 billion", "priorabs": "$2.11 billion", "yoy": "up 20.2%", "source": { "array": "quarterly", "field": "income_statement.net_sales", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001104659-26-092193", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001104659-26-092193", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 584540000, "text": "$584.54 million", "exact": "$584,540,000", "compact": "$584.54M", "abs": "$584.54 million", "prior_value": 488794000, "prior": "$488.79 million", "priorabs": "$488.79 million", "yoy": "up 19.6%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001104659-26-092193", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001104659-26-092193", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 0.59, "text": "$0.59", "exact": "$0.59", "compact": "$0.59", "abs": "$0.59", "prior_value": 0.5, "prior": "$0.50", "priorabs": "$0.50", "yoy": "up 18.0%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001104659-26-092193", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001104659-26-092193", "gap_days": 365 } }, { "label": "Gross profit", "format": "usd", "value": 1419634000, "text": "$1.42 billion", "exact": "$1,419,634,000", "compact": "$1.42B", "abs": "$1.42 billion", "prior_value": 1176413000, "prior": "$1.18 billion", "priorabs": "$1.18 billion", "yoy": "up 20.7%", "source": { "array": "quarterly", "field": "income_statement.gross_profit", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001104659-26-092193", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001104659-26-092193", "gap_days": 365 } }, { "label": "Operating income", "format": "usd", "value": 740442000, "text": "$740.44 million", "exact": "$740,442,000", "compact": "$740.44M", "abs": "$740.44 million", "prior_value": 631622000, "prior": "$631.62 million", "priorabs": "$631.62 million", "yoy": "up 17.2%", "source": { "array": "quarterly", "field": "income_statement.operating_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001104659-26-092193", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001104659-26-092193", "gap_days": 365 } } ], "summary": "Monster Beverage Corporation reported $2.54 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026, up 20.2% from a year earlier on higher worldwide volumes of Monster Energy brand drinks and a sharp gain in international sales. Net income was $584.54 million, up 19.6%, and diluted earnings per share were $0.59, stated on the share count in effect for the quarter and before the effect of the stock split distributed after quarter end. Operating income of $740.44 million was up 17.2%, growing more slowly than sales as selling, marketing and distribution spending rose faster than the top line.", "qa": [ { "q": "How much revenue did Monster Beverage report in Q2 FY2026?", "a": "Monster Beverage Corporation reported $2.54 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026. That is up 20.2% from $2.11 billion in the same quarter a year earlier, driven mainly by higher worldwide sales of Monster Energy brand energy drinks." }, { "q": "What was Monster Beverage's net income in Q2 FY2026?", "a": "Monster Beverage Corporation earned $584.54 million in Q2 FY2026, up 19.6% from $488.79 million a year earlier. Profit grew a little more slowly than net sales, which were up 20.2%." }, { "q": "What was Monster Beverage's earnings per share in Q2 FY2026?", "a": "Monster Beverage Corporation reported diluted earnings per share of $0.59 for Q2 FY2026, against $0.50 a year earlier. Both figures are stated on the share count in effect for those quarters and before the effect of the stock split distributed after the quarter ended, so they are not comparable with per-share amounts published on a split-adjusted basis." }, { "q": "Why did Monster Beverage's operating income grow more slowly than sales in Q2 FY2026?", "a": "Monster Beverage Corporation's gross profit of $1.42 billion was up 20.7%, keeping pace with net sales, which were up 20.2%, but operating income was $740.44 million, up 17.2%, because selling, marketing and distribution costs grew faster than sales." } ] }, "company_details": { "Name": "Monster Beverage Corp", "Ticker": "MNST", "CIK": "0000865752", "Exchange": "Nasdaq", "State": "California", "Incorporation": "", "SIC": "2086", "Office": "Manufacturing", "Industry": "Bottled & Canned Soft Drinks & Carbonated Waters" }, "next_filing": { "predicted_date": "2026-11-06", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "form": "10-Q", "accession": "0001104659-26-092193", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-27", "accession": "0001104659-26-020831", "url": "https://www.sec.gov/Archives/edgar/data/865752/000110465926020831/0001104659-26-020831-index.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "filed": "2026-08-07", "accession": "0001104659-26-092193", "url": "https://www.sec.gov/Archives/edgar/data/865752/000110465926092193/0001104659-26-092193-index.htm", "source": "facts" } ] }