Monolithic Power Systems

Information Technology Semiconductors Kirkland, Washington Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$2.8B
                    3y CAGR +15.9%
                    
                    P84
                    
                    +26.4%
                    
                    Net income
                    FY2025
                
$621.5M
                    Net margin +22.3%
                    
                    P71
                    
                    -61.0%
                    
                    Total assets
                    FY2025
                
$4.2B
                    ROA +14.8%
                    
                    P79
                    
                    +16.0%
                    
                    Operating cash flow
                    FY2025
                
$838.2M
                    FCF margin +23.9%
                    
                    P62
                    
                    +6.3%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

28 accounts · 5 years

Total assets $4.2B

Total liabilities $662.7M

Shareholders equity $3.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.1B 58.9%	$691.8M 31.1%	$527.8M 82.9%	$288.6M 52.5%	$189.3M
Short Term Investments	$157.2M -8.1%	$171.1M -70.5%	$580.6M 29.2%	$449.3M -16.2%	$535.8M
Accounts Receivable	$255.6M 48.2%	$172.5M -4.1%	$179.9M -1.6%	$182.7M 74.3%	$104.8M
Inventory	$564.6M 34.6%	$419.6M 9.4%	$383.7M -14.2%	$447.3M 72.4%	$259.4M
Prepaid Expenses	$107.0M -2.7%	$110.0M -25.4%	$147.5M 245.0%	$42.7M 20.3%	$35.5M
Other Current Assets	$107.0M -2.7%	$110.0M -25.4%	$147.5M 245.0%	$42.7M 20.3%	$35.5M
Total Current Assets	$2.2B 39.5%	$1.6B -14.0%	$1.8B 29.0%	$1.4B 25.4%	$1.1B
Property,Plant and Equipment	$627.7M 26.8%	$494.9M 34.1%	$369.0M 3.3%	$357.2M -1.6%	$363.0M
Goodwill	$25.9M 0.0%	$25.9M 294.8%	$6.6M 0.0%	$6.6M 0.0%	$6.6M
Intangible Assets	$8.8M -11.6%	$9.9M	$0	$0	$0
Long Term Investments	$49.0K -66.9%	$148.0K -73.9%	$567.0K -66.9%	$1.7M -28.7%	$2.4M
Deferred Tax Assets	$1.2B -10.8%	$1.3B 4629.6%	$28.1M -20.4%	$35.3M 60.8%	$21.9M
Other Noncurrent Assets	$165.1M -15.1%	$194.4M -8.0%	$211.3M -15.2%	$249.3M 258.6%	$69.5M
Total Assets	$4.2B 16.0%	$3.6B 48.6%	$2.4B 18.2%	$2.1B 29.8%	$1.6B
Liabilities
Accounts Payable	$138.3M 34.9%	$102.5M 62.8%	$63.0M 2.4%	$61.5M -26.0%	$83.0M
Accrued Liabilities	$145.1M 13.3%	$128.1M 10.7%	$115.8M 1.9%	$113.7M 39.9%	$81.3M
Total Current Liabilities	$369.4M 25.4%	$294.6M 25.3%	$235.0M -10.8%	$263.4M 16.1%	$226.9M
Operating Lease Liabilities Noncurrent	$20.0M 53.9%	$13.0M 133.1%	$5.6M	—	—
Deferred Tax Liabilities	$90.5M 2087.1%	$4.1M -53.3%	$8.9M 24.7%	$7.1M 11.1%	$6.4M
Other Noncurrent Liabilities	$127.8M 14.6%	$111.6M 25.8%	$88.7M 20.8%	$73.4M 9.1%	$67.2M
Total Liabilities	$662.7M 40.6%	$471.3M 22.6%	$384.4M -1.5%	$390.3M 14.2%	$341.8M
Equity
Common Stock	$247.4M 0.7%	$245.6M -0.2%	$246.1M 0.8%	$244.2M 0.7%	$242.5M
Additional Paid In Capital	$227.4M 10.6%	$205.6M 37.3%	$149.7M -6.9%	$160.8M 30.2%	$123.5M
Retained Earnings	$2.6B 4.9%	$2.5B 162.6%	$947.1M 32.2%	$716.4M 68.6%	$424.9M
Treasury Stock	$0	$0	$0	$0	$0
Accumulated Other Comprehensive Income	$-15.2M 68.8%	$-48.5M -79.3%	$-27.1M -17.3%	$-23.1M -245.3%	$15.9M
Total Stockholders Equity	$3.5B 19.7%	$3.0B 44.0%	$2.0B 22.9%	$1.7B 34.1%	$1.2B
Total Liabilitiesand Equity	$4.2B 16.0%	$3.6B 48.6%	$2.4B 18.2%	$2.1B 29.8%	$1.6B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $2.8B

Operating income $728.6M

Net income $621.5M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$2.8B 26.4%	$2.2B 21.2%	$1.8B 1.5%	$1.8B 48.5%	$1.2B
Expenses Cost of Revenue	$1.3B 26.8%	$986.2M 23.3%	$800.0M 7.3%	$745.6M 42.7%	$522.3M
Expenses Research and Development	$382.3M 17.7%	$324.7M 23.2%	$263.6M 9.8%	$240.2M 26.0%	$190.6M
Expenses Selling,General and Administrative	$428.8M 20.2%	$356.8M 29.4%	$275.7M -2.1%	$281.6M 21.2%	$232.4M
Expenses Depreciation and Amortization	$50.0M 42.5%	$35.1M -12.3%	$40.0M 8.7%	$36.8M 29.6%	$28.4M
Expenses Share Based Compensation	$227.5M 10.6%	$205.6M 37.4%	$149.7M -7.0%	$161.0M 30.4%	$123.5M
Expenses Operating Expenses	$811.1M 19.0%	$681.5M 26.4%	$539.4M 3.4%	$521.8M 23.3%	$423.0M
Other Income Expense Gross Profit	$1.5B 26.1%	$1.2B 19.6%	$1.0B -2.6%	$1.0B 53.0%	$685.5M
Other Income Expense Operating Income	$728.6M 35.1%	$539.4M 12.0%	$481.7M -8.6%	$526.8M 100.7%	$262.4M
Other Income Expense Interest Expense	$0	$0	$0	$0	$0
Other Income Expense Other Income/expense	$587.0K -10.8%	$658.0K -63.6%	$1.8M 175.1%	$658.0K 393.8%	$-224.0K
Other Income Expense Income Before Tax	$766.2M 33.7%	$572.9M 13.3%	$505.8M -3.6%	$524.9M 92.8%	$272.2M
Income Tax Income Tax Expense	$144.7M 114.2%	$-1.0B -1398.8%	$78.5M -10.1%	$87.3M 189.0%	$30.2M
net Income net Income	$621.5M -61.0%	$1.6B 272.5%	$427.4M -2.4%	$437.7M 80.8%	$242.0M
net Income Comprehensive Income	$654.8M -58.3%	$1.6B 271.0%	$423.4M 6.2%	$398.7M 60.9%	$247.8M
Earnings Per Share Basic Eps	$13 -60.5%	$33 264.8%	$9 -4.2%	$9 77.5%	$5
Earnings Per Share Diluted Eps	$13 -60.6%	$33 272.1%	$9 -3.2%	$9 79.2%	$5
Earnings Per Share Weighted Average Shares Basic	$48.0M -1.2%	$48.6M 2.1%	$47.6M 1.9%	$46.7M 1.9%	$45.9M
Earnings Per Share Weighted Average Shares Diluted	$48.3M -1.1%	$48.8M 0.1%	$48.8M 0.9%	$48.4M 1.0%	$47.9M

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 5 years

Operating cash flow $838.2M

Investing cash flow $-157.3M

Financing cash flow $-285.9M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$621.5M -61.0%	$1.6B 272.5%	$427.4M -2.4%	$437.7M 80.8%	$242.0M
Operating Activities Depreciation and Amortization	$50.0M 42.5%	$35.1M -12.3%	$40.0M 8.7%	$36.8M 29.6%	$28.4M
Operating Activities Stock Based Compensation	$227.5M 10.6%	$205.6M 37.4%	$149.7M -7.0%	$161.0M 30.4%	$123.5M
Operating Activities Deferred Income Taxes	$39.7M 103.6%	$-1.1B -18996.3%	$5.9M 144.4%	$-13.2M -376.9%	$-2.8M
Operating Activities Changes In Operating Assets and Liabilities	$186.3M 219.1%	$58.4M 199.3%	$-58.8M -133.2%	$176.8M 30.7%	$135.2M
Operating Activities net Cash From Operating Activities	$838.2M 6.3%	$788.4M 23.5%	$638.2M 158.7%	$246.7M -22.9%	$320.0M
Investing Activities Capital Expenditures	$172.0M 17.7%	$146.1M 153.8%	$57.6M -2.1%	$58.8M -37.7%	$94.4M
Investing Activities Business Acquisitions	$0 -100.0%	$33.3M	$0	$0	—
Investing Activities net Cash From Investing Activities	$-157.3M -170.5%	$223.0M 224.8%	$-178.7M -1328.7%	$-12.5M 96.7%	$-378.9M
Financing Activities Repurchase of Common Stock	$6.6M -99.0%	$636.2M 17094.6%	$3.7M	$0	$0
Financing Activities Dividends Paid	$284.8M 18.4%	$240.6M 29.5%	$185.8M 34.7%	$138.0M 26.2%	$109.4M
Financing Activities Proceeds From Stock Issuance	$9.2M 5.6%	$8.7M 0.5%	$8.7M 47.8%	$5.9M 25.8%	$4.7M
Financing Activities net Cash From Financing Activities	$-285.9M 67.2%	$-872.2M -374.7%	$-183.7M -42.7%	$-128.8M -42.8%	$-90.2M
Cash Reconciliation Effect of Exchange Rate On Cash	$12.5M 247.7%	$-8.5M -155.9%	$-3.3M 45.2%	$-6.0M -277.6%	$3.4M
Cash Reconciliation net Change In Cash	$407.6M 211.7%	$130.8M -52.0%	$272.5M 174.3%	$99.3M 168.2%	$-145.7M
Cash Reconciliation Cash At Beginning of Period	$1.1B 58.9%	$691.9M 23.3%	$561.2M 94.4%	$288.7M 52.5%	$189.4M
Cash Reconciliation Cash At End of Period	$1.1B 58.9%	$691.9M 23.3%	$561.2M 94.4%	$288.7M 52.5%	$189.4M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+55.2%	+55.3%	+56.1%	+58.4%	+56.8%
Operating margin	+26.1%	+24.4%	+26.5%	+29.4%	+21.7%
Net margin	+22.3%	+72.1%	+23.5%	+24.4%	+20.0%
FCF margin	+23.9%	+29.1%	+31.9%	+10.5%	+18.7%
Growth
Revenue CAGR (3y)	+15.9%	+22.3%	+29.2%	+41.9%	+27.5%
Returns
ROE	+17.6%	+53.9%	+20.8%	+26.2%	+19.5%
ROA	+14.8%	+44.0%	+17.6%	+21.3%	+15.3%
ROIC	—	—	—	—	—
Liquidity
Current ratio	5.91x	5.31x	7.74x	5.36x	4.96x
Quick ratio	3.67x	2.93x	3.01x	1.79x	1.30x
Leverage
D/E	0.19x	0.16x	0.19x	0.23x	0.27x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.67x	0.61x	0.75x	0.87x	0.76x
Cash conversion cycle	+158d	+146d	+182d	+226d	+155d

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Monolithic Power Systems

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