Monolithic Power Systems, Inc. (MPWR) Income Statement
MPWR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMPWR revenue and net income
Where MPWR's revenue goes
2025Each bar shows an amount and its share of revenue. MPWR kept 22.1% of revenue as net income.
MPWR profit margins
MPWR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.4% | +15.9% | +27.0% | +23.7% |
| Gross profit | +26.1% | +13.7% | +27.0% | +23.9% |
| Operating income | +35.1% | +11.4% | +35.6% | +33.3% |
| Net income | −65.5% | +12.1% | +30.2% | +33.1% |
| EPS (diluted) | +25.8% | +12.7% | +28.7% | +25.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MPWR quarterly EPS vs estimates
Monolithic Power beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $6.74).
MPWR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.79B | $2.21B | $1.82B | $1.79B | $1.21B | $844.5M | $627.9M | $582.4M | $470.9M | $388.7M |
| Cost of revenue | $1.25B | $986.2M | $800.0M | $745.6M | $522.3M | $378.5M | $281.6M | $259.7M | $212.6M | $177.8M |
| Gross profit | $1.54B | $1.22B | $1.02B | $1.05B | $685.5M | $466.0M | $346.3M | $322.7M | $258.3M | $210.9M |
| Research & development | $382.3M | $324.7M | $263.6M | $240.2M | $190.6M | $137.6M | $107.8M | $93.5M | $82.4M | $73.6M |
| Sales, general & admin | $428.8M | $356.8M | $266.9M | $273.6M | $226.2M | $161.7M | $133.5M | $113.8M | $97.3M | $83.0M |
| Total operating expenses | $811.1M | $681.5M | $539.4M | $521.8M | $423.0M | $307.1M | $243.8M | $209.2M | $180.9M | $156.4M |
| Operating income | $728.6M | $539.4M | $481.7M | $526.8M | $262.4M | $158.9M | $102.6M | $113.5M | $77.4M | $54.4M |
| Interest income | $29.2M | $27.1M | $20.8M | $14.4M | $11.6M | $9.3M | $7.3M | $6.3M | $5.4M | $2.5M |
| Interest expense | — | — | — | $14.4M | $26.1M | $14.0M | $20.5M | $0 | $0 | $0 |
| Income before taxes | $766.2M | $572.9M | $505.8M | $524.9M | $272.2M | $169.3M | $113.1M | $118.5M | $82.9M | $57.3M |
| Income taxes | $150.3M | −$1.21B | $78.5M | $87.3M | $30.2M | $5.0M | $4.3M | $13.2M | $17.7M | $4.5M |
| Net income | $615.9M | $1.79B | $427.4M | $437.7M | $242.0M | $164.4M | $108.8M | $105.3M | $65.2M | $52.7M |
| EBITDA | $818.7M | $609.3M | $546.0M | $562.1M | $300.9M | $185.9M | $119.9M | $127.7M | $94.8M | $68.9M |
| EPS (diluted) | $17.77 | $14.13 | $11.78 | $12.40 | $7.45 | $5.03 | $3.88 | $3.74 | $2.92 | $2.30 |
| Gross margin | 55.2% | 55.3% | 56.1% | 58.4% | 56.8% | 55.2% | 55.2% | 55.4% | 54.8% | 54.3% |
| Operating margin | 26.1% | 24.4% | 26.5% | 29.4% | 21.7% | 18.8% | 16.3% | 19.5% | 16.4% | 14.0% |
| Net margin | 22.1% | 81.0% | 23.5% | 24.4% | 20.0% | 19.5% | 17.3% | 18.1% | 13.8% | 13.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $980.6M | $804.2M | $751.2M | $737.2M | $664.6M | $637.6M | $621.7M | $620.1M | $507.4M | $457.9M | $454.0M | $474.9M |
| Cost of revenue | $439.6M | $359.1M | $336.9M | $330.9M | $298.6M | $284.3M | $277.3M | $276.7M | $226.9M | $205.4M | $202.9M | $211.3M |
| Gross profit | $541.1M | $445.1M | $414.3M | $406.2M | $366.0M | $353.2M | $344.4M | $343.4M | $280.6M | $252.4M | $251.1M | $263.5M |
| Research & development | $118.6M | $100.6M | $95.6M | $98.2M | $96.3M | $92.2M | $85.8M | $85.1M | $77.9M | $76.0M | $71.5M | $64.8M |
| Sales, general & admin | $118.6M | $103.3M | $118.7M | $112.9M | $105.0M | $92.2M | $95.3M | $94.4M | $86.1M | $81.0M | $70.1M | $63.2M |
| Total operating expenses | $237.2M | $203.9M | $214.3M | $211.0M | $201.3M | $184.5M | $181.1M | $179.4M | $164.0M | $157.0M | $141.6M | $128.0M |
| Operating income | $303.9M | $241.2M | $199.9M | $195.2M | $164.8M | $168.8M | $163.3M | $164.0M | $116.5M | $95.5M | $109.6M | $135.6M |
| Interest income | $8.3M | $7.9M | $9.1M | $8.3M | $6.0M | $5.7M | $6.7M | $6.8M | $6.6M | $6.9M | $6.5M | $6.1M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $5.3M | — |
| Income before taxes | $321.7M | $247.2M | $209.8M | $205.6M | $177.0M | $173.9M | $169.5M | $174.3M | $124.0M | $105.0M | $119.5M | $137.9M |
| Income taxes | $64.4M | $54.0M | $39.6M | $27.3M | $43.3M | $40.1M | −$1.28B | $29.9M | $23.7M | $12.5M | $22.6M | $16.7M |
| Net income | $257.3M | $193.2M | $170.1M | $178.3M | $133.7M | $133.8M | $1.45B | $144.4M | $100.4M | $92.5M | $96.9M | $121.2M |
| EBITDA | $338.8M | $262.3M | $224.0M | $219.3M | $190.1M | $185.3M | $179.6M | $183.8M | $132.7M | $113.3M | $129.8M | $147.9M |
| EPS (diluted) | $5.41 | $5.10 | $4.79 | $4.73 | $4.21 | $4.04 | $4.09 | $4.06 | $3.17 | $2.81 | $2.88 | $3.08 |
| Gross margin | 55.2% | 55.3% | 55.2% | 55.1% | 55.1% | 55.4% | 55.4% | 55.4% | 55.3% | 55.1% | 55.3% | 55.5% |
| Operating margin | 31.0% | 30.0% | 26.6% | 26.5% | 24.8% | 26.5% | 26.3% | 26.5% | 23.0% | 20.9% | 24.1% | 28.5% |
| Net margin | 26.2% | 24.0% | 22.6% | 24.2% | 20.1% | 21.0% | 233.1% | 23.3% | 19.8% | 20.2% | 21.3% | 25.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MPWR's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MPWR financial results
In fiscal year 2025 (ended December 31, 2025), Monolithic Power reported revenue of $2.8 billion, up 26.4% from the year before. It had net income of $615.9 million (down 65.5%), a net profit margin of 22.1%. Diluted earnings per share came to $17.77. Over five years revenue grew at an average rate of 27.0% a year.
See the MPWR stock overview for the latest quote and news, or the MPWR chart for price history and technical indicators.
MPWR income statement FAQ
What is Monolithic Power's annual revenue?
Monolithic Power reported total revenue of $2.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 26.4% from $2.2 billion the previous year.
Is Monolithic Power profitable?
Yes. Monolithic Power reported net income of $615.9 million in fiscal 2025, a net profit margin of 22.1%; its operating margin was 26.1%.
What is Monolithic Power's gross margin?
Monolithic Power's gross margin was 55.2% in fiscal 2025: for every $100 of revenue, Monolithic Power kept $55 after the direct cost of its products and services.
How much does Monolithic Power spend on research and development?
Monolithic Power spent $382.3 million on research and development in fiscal 2025, 13.7% of revenue.
How fast is Monolithic Power growing?
Revenue grew 27.0% a year on average over the last five fiscal years, from $844.5 million to $2.8 billion.
What are Monolithic Power's earnings per share?
Monolithic Power earned $17.77 per diluted share in fiscal 2025, compared with $14.13 a year earlier.
When will Monolithic Power report its next earnings?
Monolithic Power is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Monolithic Power's fiscal year end?
Monolithic Power's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.