10-QPeriod: Q2 FY2025

Monster Beverage Corp Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 8, 2025For Securities:MNST

Summary

Monster Beverage Corporation (MNST) reported strong financial results for the second quarter of 2025, with net sales increasing by 11.1% year-over-year to $2.11 billion. This growth was primarily driven by robust demand for its core Monster Energy® brand energy drinks, both domestically and internationally. The company also demonstrated significant improvement in profitability, with gross profit increasing by 15.4% and operating income rising by 19.8% due to strategic pricing actions, supply chain efficiencies, and favorable input costs. Despite a slight decrease in the Alcohol Brands segment, the overall performance highlights the continued strength and expanding global reach of the Monster Energy® portfolio. The company maintained a healthy cash position and ample liquidity, ending the quarter with $1.93 billion in cash and cash equivalents. Management expressed confidence in the company's ability to meet its working capital needs and fund future growth initiatives through operating cash flows and available credit facilities.

Financial Highlights

47 data points
Beta

Revenue

$2.11B

55.7% Gross Margin

Net Income

$488.79M

23.1% Net Margin

Total Assets

$8.73B

Cash & Equivalents

$1.93B

Free Cash Flow

$434.61M

Financial Statements
Beta
Revenue$2.11B
Cost of Revenue$935.18M
Gross Profit$1.18B
Operating Expenses$544.79M
Operating Income$631.62M
Net Income$488.79M
Shares Outstanding (Basic)975.75M
Shares Outstanding (Diluted)984.00M

Key Highlights

  • 1Net sales grew 11.1% to $2.11 billion for the three-months ended June 30, 2025, driven by increased volume in Monster Energy® drinks.
  • 2Gross profit increased 15.4% to $1.18 billion, with gross profit margin improving to 55.7% from 53.6% year-over-year, benefiting from pricing actions and cost efficiencies.
  • 3Operating income surged 19.8% to $631.6 million, reflecting strong sales growth and improved profitability.
  • 4International net sales showed strong growth, increasing 15.8% (16.5% on a foreign currency adjusted basis) for the quarter.
  • 5Case sales for energy drink products increased by a significant 17.5% year-over-year.
  • 6The company ended the quarter with $1.93 billion in cash and cash equivalents, maintaining a strong liquidity position.
  • 7Repurchases of common stock were minimal during the quarter, with $500 million remaining available under the August 2024 Repurchase Plan.

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