The Vita Coco Company, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $609.8M | $516.0M | $493.6M | $427.8M | $379.5M | $310.6M | $283.9M |
| Cost of Revenue | $387.2M | $317.2M | $312.9M | $324.4M | $266.4M | $205.8M | $191.0M |
| Gross Profit | $222.6M | $198.8M | $180.7M | $103.4M | $113.1M | $104.9M | $93.0M |
| Gross Margin | 36.5% | 38.5% | 36.6% | 24.2% | 29.8% | 33.8% | 32.7% |
| Operating Expenses | |||||||
| Research & Development | $399.0K | $398.0K | $418.0K | $541.0K | $477.0K | $313.0K | $642.0K |
| SG&A Expense | $140.1M | $125.0M | $124.2M | $100.3M | $88.6M | $74.4M | $78.9M |
| Operating Income | $82.5M | $73.8M | $56.5M | $3.1M | $24.6M | $46.9M | $13.4M |
| Operating Margin | 13.5% | 14.3% | 11.4% | 0.7% | 6.5% | 15.1% | 4.7% |
| Interest Expense | — | — | $31.0K | $258.0K | $360.0K | $791.0K | $1.2M |
| Pretax Income | $93.0M | $70.8M | $57.9M | $10.8M | $24.2M | $43.6M | $11.4M |
| Income Tax Expense | $21.7M | $14.8M | $11.3M | $3.0M | $5.2M | $10.9M | $2.0M |
| Net Income | $71.3M | $56.0M | $46.6M | $7.8M | $19.0M | $32.7M | $9.4M |
| Net Margin | 11.7% | 10.8% | 9.4% | 1.8% | 5.0% | 10.5% | 3.3% |
| EPS (Basic) | $1.25 | $0.99 | $0.83 | $0.14 | $0.35 | $0.56 | $0.17 |
| EPS (Diluted) | $1.19 | $0.94 | $0.79 | $0.14 | $0.35 | $0.56 | $0.16 |
| Shares Outstanding (Basic) | 56.9M | 56.7M | 56.4M | 55.7M | 53.7M | 58.5M | 57.0M |
| Shares Outstanding (Diluted) | 60.0M | 59.3M | 58.7M | 56.1M | 54.2M | 58.6M | 57.2M |
| Dividends Per Share | — | — | — | — | — | — | — |