Monolithic Power Systems, Inc. (MPWR) Financial Statements

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Monolithic Power Systems financial statements at a glance

Monolithic Power Systems reported revenue of $2.79 billion for fiscal year 2025 (ended December 31, 2025), up 26.3% from fiscal year 2024. Net income was $621.48 million, a net margin of 22.3%, and diluted earnings per share were $12.86.

At the end of fiscal year 2025 it had total assets of $4.19 billion, total liabilities of $662.70 million and shareholders' equity of $3.53 billion, with cash and short-term investments of $1.26 billion and total debt of $19.97 million.

Its operations brought in $838.20 million of cash; capital spending was $174.94 million, leaving free cash flow of $663.26 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

MPWR logo

Monolithic Power Systems, Inc.

MPWRUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
2.79B
Prev Year: 2.21B
YoY: +26.3%
Operating Revenue
2.79B
Prev Year: 2.21B
YoY: +26.3%
Total Unusual Items Excluding Goodwill
10.03M
Prev Year: 9.40M
YoY: +6.7%
Total Unusual Items
10.03M
Prev Year: 9.40M
YoY: +6.7%
Normalized EBITDA
771.12M
Prev Year: 566.39M
YoY: +36.1%
Tax Rate for Calcs
0.189
Prev Year: 0.21
YoY: -10.0%
Tax Effect of Unusual Items
1.90M
Prev Year: 1.97M
YoY: -3.7%
Securities Amortization
-4.10M
Prev Year: -20.14M
YoY: +79.6%
Gain on Sale of Securities
10.03M
Prev Year: 9.40M
YoY: +6.7%
Cost of Revenue
1.25B
Prev Year: 986.23M
YoY: +26.8%
Gross Profit
1.54B
Prev Year: 1.22B
YoY: +26.2%
Operating Expense
811.11M
Prev Year: 681.51M
YoY: +19.0%
Selling General and Administrative
428.84M
Prev Year: 356.76M
YoY: +20.2%
Research and Development
382.26M
Prev Year: 324.75M
YoY: +17.7%
Operating Income
728.64M
Prev Year: 539.36M
YoY: +35.1%
Net Non Operating Interest Income Expense
29.15M
Prev Year: 27.09M
YoY: +7.6%
Non-operating Interest Income
29.15M
Prev Year: 27.09M
YoY: +7.6%
Other Income Expense
8.43M
Prev Year: 6.46M
YoY: +30.5%
Other Non-operating Income (expense)
-5.71M
Prev Year: -23.08M
YoY: +75.3%
Pre-tax Income
766.22M
Prev Year: 572.91M
YoY: +33.7%
Provision for Income Taxes
144.73M
Prev Year: -1.21B
YoY: +112.0%
Net Income Common Stockholders
621.48M
Prev Year: 1.79B
YoY: -65.3%
Net Income
621.48M
Prev Year: 1.79B
YoY: -65.3%
Net Income Including Non-Controlling Interests
621.48M
Prev Year: 1.79B
YoY: -65.3%
Net Income from Continuing Operations
621.48M
Prev Year: 1.79B
YoY: -65.3%
Diluted NI Available to Com Stockholders
621.48M
Prev Year: 1.79B
YoY: -65.3%
Basic EPS
12.94
Prev Year: 36.76
YoY: -64.8%
Diluted EPS
12.86
Prev Year: 36.59
YoY: -64.9%
Weighted Average Shares (basic)
48.03M
Prev Year: 48.60M
YoY: -1.2%
Weighted Average Shares (diluted)
48.31M
Prev Year: 48.84M
YoY: -1.1%
Total Operating Income as Reported
728.64M
Prev Year: 539.36M
YoY: +35.1%
Total Expenses
2.06B
Prev Year: 1.67B
YoY: +23.5%
Net Income from Continuing and Discontinued Operation
621.48M
Prev Year: 1.79B
YoY: -65.3%
Normalized Income
613.35M
Prev Year: 1.78B
YoY: -65.5%
Interest Income
29.15M
Prev Year: 27.09M
YoY: +7.6%
Net Interest Income
29.15M
Prev Year: 27.09M
YoY: +7.6%
EBIT
728.64M
Prev Year: 539.36M
YoY: +35.1%
EBITDA
781.15M
Prev Year: 575.79M
YoY: +35.7%
Reconciled Cost of Revenue
1.25B
Prev Year: 986.23M
YoY: +26.8%
Reconciled Depreciation
52.51M
Prev Year: 36.43M
YoY: +44.1%
Net Income from Continuing Operation Net Minority Interest
621.48M
Prev Year: 1.79B
YoY: -65.3%
Values in USD

Monolithic Power Systems key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$2.8B$2.2B$1.8B$1.8B$1.2B
Gross profit$1.5B$1.2B$1.0B$1.1B$685.5M
Operating income$728.6M$539.4M$481.7M$526.8M$262.4M
Net income$621.5M$1.8B$427.4M$437.7M$242.0M
Diluted EPS$12.86$36.59$8.76$9.05$5.05
Total assets$4.2B$3.6B$2.4B$2.1B$1.6B
Total liabilities$662.7M$471.3M$384.4M$390.3M$341.8M
Shareholders' equity$3.5B$3.2B$2.1B$1.7B$1.2B
Cash and short-term investments$1.3B$863.0M$1.1B$737.9M$725.1M
Total debt$20.0M$13.0M$5.6M$1.7M–
Operating cash flow$838.2M$788.4M$638.2M$246.7M$320.0M
Capital spending$174.9M$146.1M$57.6M$58.8M$95.2M
Free cash flow$663.3M$642.3M$580.6M$187.8M$224.8M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Monolithic Power Systems's revenue in fiscal year 2025?

$2.79 billion, up 26.3% from $2.21 billion in fiscal year 2024.

How much profit does Monolithic Power Systems make?

Monolithic Power Systems reported net income of $621.48 million for fiscal year 2025 (22.3% of revenue); operating income was $728.64 million.

How much cash and debt does Monolithic Power Systems have?

At the end of fiscal year 2025: cash and short-term investments of $1.26 billion and total debt of $19.97 million.

What is Monolithic Power Systems's free cash flow?

$663.26 million in fiscal year 2025 (operating cash flow of $838.20 million minus capital spending of $174.94 million).

MoreMonolithic Power Systems stock overviewMonolithic Power Systems executive teamMonolithic Power Systems shareholdersMonolithic Power Systems revenue by segment
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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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