financial statements

The full income statement, balance sheet, and cash-flow statement for Monolithic Power Systems Inc. (MPWR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.79B YoY+26.4%	2.21B YoY+21.2%	1.82B YoY+1.5%	1.79B YoY+48.5%	1.21B YoY+43.0%
	1.54B YoY+26.1%	1.22B YoY+19.6%	1.02B YoY-2.6%	1.05B YoY+53.0%	685M YoY+47.1%
Cost of revenue	1.25B YoY+26.8%	986M YoY+23.3%	800M YoY+7.3%	746M YoY+42.7%	522M YoY+38.0%
	811M YoY+19.0%	682M YoY+26.4%	539M YoY+3.4%	522M YoY+23.3%	423M YoY+37.8%
Research & development	382M YoY+17.7%	325M YoY+23.2%	264M YoY+9.8%	240M YoY+26.0%	191M YoY+38.5%
Selling, general & administrative	429M YoY+20.2%	357M YoY+29.4%	276M YoY-2.1%	282M YoY+21.2%	232M YoY+43.8%
Operating income	729M YoY+35.1%	539M YoY+12.0%	482M YoY-8.6%	527M YoY+100.7%	262M YoY+65.2%
Other non-operating income	587K YoY-10.8%	658K YoY-63.6%	1.81M YoY+175.1%	658K YoY+393.8%	-224K YoY-113.6%
Pre-tax income	766M YoY+33.7%	573M YoY+13.3%	506M YoY-3.6%	525M YoY+92.8%	272M YoY+60.8%
Income tax	145M YoY+114.2%	-1.02B YoY-1398.8%	78.5M YoY-10.1%	87.3M YoY+189.0%	30.2M YoY+507.9%
Net income	621M YoY-61.0%	1.59B YoY+272.5%	427M YoY-2.4%	438M YoY+80.8%	242M YoY+47.2%
	$12.86 YoY-60.6%	$32.60 YoY+272.1%	$8.76 YoY-3.2%	$9.05 YoY+79.2%	$5.05 YoY+44.3%
EPS (basic)	$12.94 YoY-60.5%	$32.76 YoY+264.8%	$8.98 YoY-4.2%	$9.37 YoY+77.5%	$5.28 YoY+43.9%
Weighted-avg shares (basic)	48.0M YoY-1.2%	48.6M YoY+2.1%	47.6M YoY+1.9%	46.7M YoY+1.9%	45.9M YoY+2.3%
Weighted-avg shares (diluted)	48.3M YoY-1.1%	48.8M YoY+0.1%	48.8M YoY+0.9%	48.4M YoY+1.0%	47.9M YoY+1.9%
Dividends per share	$6.24 YoY+24.8%	$5.00 YoY+25.0%	$4.00 YoY+33.3%	$3.00 YoY+25.0%	$2.40 YoY+20.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.18B YoY+39.5%	1.57B YoY-14.0%	1.82B YoY+29.0%	1.41B YoY+25.4%	1.12B YoY+33.6%
Cash & equivalents	1.10B YoY+58.9%	692M YoY+31.1%	528M YoY+82.9%	289M YoY+52.5%	189M YoY-43.5%
Short-term investments	157M YoY-8.1%	171M YoY-70.5%	581M YoY+29.2%	449M YoY-16.2%	536M YoY+105.9%
Accounts receivable	256M YoY+48.2%	173M YoY-4.1%	180M YoY-1.6%	183M YoY+74.3%	105M YoY+56.8%
Inventory	565M YoY+34.6%	420M YoY+9.4%	384M YoY-14.2%	447M YoY+72.4%	259M YoY+65.2%
Prepaid expenses	47.0M YoY-6.0%	50.0M YoY+72.6%	29.0M YoY+162.2%	11.0M YoY+15.9%	9.53M YoY+89.3%
Other current assets	107M YoY-2.7%	110M YoY-25.4%	147M YoY+245.0%	42.7M YoY+20.3%	35.5M YoY+54.7%
	4.19B YoY+19.3%	3.52B YoY+44.4%	2.43B YoY+18.2%	2.06B YoY+29.8%	1.59B YoY+31.2%
Property, plant & equipment	628M YoY+26.8%	495M YoY+34.1%	369M YoY+3.3%	357M YoY-1.6%	363M YoY+28.9%
Operating lease right-of-use	24.9M YoY+47.1%	16.9M YoY+102.5%	8.36M YoY+32.8%	6.29M YoY+0.0%	6.29M YoY+69.2%
Goodwill	25.9M YoY+0.0%	25.9M YoY+294.8%	6.57M YoY+0.0%	6.57M YoY+0.0%	6.57M YoY+0.0%
Intangible assets	8.79M YoY-11.6%	9.94M	0.00 YoY-100.0%	111K YoY+0.0%	111K YoY+0.0%
Long-term investments	49.0K YoY-66.9%	148K YoY-73.9%	567K YoY-66.9%	1.71M YoY-28.7%	2.40M YoY-16.1%
Deferred tax assets	1.18B YoY-3.5%	1.23B YoY+4268.6%	28.1M YoY-20.4%	35.3M YoY+60.8%	21.9M YoY+18.1%
Other non-current assets	165M YoY-15.1%	194M YoY-8.0%	211M YoY-15.2%	249M YoY+258.6%	69.5M YoY+16.2%
Total non-current assets	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%
	369M YoY+25.4%	295M YoY+25.3%	235M YoY-10.8%	263M YoY+16.1%	227M YoY+54.4%
Accounts payable	138M YoY+34.9%	103M YoY+62.8%	63.0M YoY+2.4%	61.5M YoY-26.0%	83.0M YoY+117.5%
Accrued liabilities	145M YoY+13.3%	128M YoY+10.7%	116M YoY+1.9%	114M YoY+39.9%	81.3M YoY+29.1%
Deferred revenue	6.32M YoY+0.0%	6.32M YoY+126.2%	2.79M YoY-18.3%	3.42M YoY-20.5%	4.30M YoY-40.6%
Current lease liability	4.13M YoY+46.5%	2.82M YoY+22.4%	2.30M YoY+74.7%	1.32M YoY+0.0%	1.32M YoY+0.0%
Other current liabilities	20.0M YoY+0.0%	20.0M YoY+0.0%	20.0M YoY+0.0%	20.0M YoY+0.0%	20.0M YoY+0.0%
	663M YoY+17.4%	565M YoY+46.9%	384M YoY-1.5%	390M YoY+14.2%	342M YoY+41.3%
Non-current lease liability	20.0M YoY+53.9%	13.0M YoY+133.1%	5.57M YoY+234.4%	1.66M YoY+39.8%	1.19M YoY+0.0%
Deferred tax liabilities	90.5M YoY-3.1%	93.4M	0.00	0.00	0.00
Other non-current liabilities	128M YoY+14.6%	112M YoY+25.8%	88.7M YoY+20.8%	73.4M YoY+9.1%	67.2M YoY+16.2%
	3.53B YoY+19.7%	2.95B YoY+44.0%	2.05B YoY+22.9%	1.67B YoY+34.1%	1.24B YoY+28.7%
Common stock	251M YoY+0.0%	251M YoY+0.0%	251M YoY+0.0%	251M YoY+0.0%	251M YoY+0.0%
Retained earnings	2.61B YoY+13.8%	2.29B YoY+142.1%	947M YoY+32.2%	716M YoY+68.6%	425M YoY+42.2%
Accumulated other comprehensive income	-15.2M YoY+68.8%	-48.5M YoY-79.3%	-27.1M YoY-17.3%	-23.1M YoY-245.3%	15.9M YoY+56.6%
Total equity incl. non-controlling	255M YoY+0.0%	255M YoY+0.0%	255M YoY+0.0%	255M YoY+0.0%	255M YoY+0.0%
Total liabilities & equity	4.19B YoY+19.3%	3.52B YoY+44.4%	2.43B YoY+18.2%	2.06B YoY+29.8%	1.59B YoY+31.2%
Common shares issued	48.7M YoY+1.9%	47.8M YoY-0.4%	48.0M YoY+2.0%	47.1M YoY+1.8%	46.3M YoY+2.2%
Common shares outstanding	48.7M YoY+1.9%	47.8M YoY-0.4%	48.0M YoY+2.0%	47.1M YoY+1.8%	46.3M YoY+2.2%
Shares outstanding (cover)	47.9M YoY-1.8%	48.8M YoY+1.8%	47.9M YoY+2.1%	46.9M YoY+1.8%	46.1M YoY+2.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	838M YoY+6.3%	788M YoY+23.5%	638M YoY+158.7%	247M YoY-22.9%	320M YoY+19.5%
Depreciation & amortization	52.5M YoY+44.1%	36.4M YoY-9.3%	40.2M YoY+8.2%	37.1M YoY+29.3%	28.7M YoY+49.6%
Share-based compensation	227M YoY+10.6%	206M YoY+37.4%	150M YoY-7.0%	161M YoY+30.4%	123M YoY+44.3%
Deferred income taxes	39.7M YoY+103.6%	-1.11B YoY-18996.3%	5.87M YoY+144.4%	-13.2M YoY-376.9%	-2.77M YoY-70.4%
Change in inventory	145M YoY+312.0%	35.2M YoY+155.4%	-63.6M YoY-133.8%	188M YoY+83.8%	102M YoY+246.8%
Change in payables	41.2M YoY+78.0%	23.2M YoY+383.0%	4.80M YoY+142.7%	-11.2M YoY-134.1%	32.9M YoY+216.3%
	-157M YoY-170.5%	223M YoY+224.8%	-179M YoY-1328.7%	-12.5M YoY+96.7%	-379M YoY-867.1%
Capital expenditure	172M YoY+17.7%	146M YoY+153.8%	57.6M YoY-2.1%	58.8M YoY-37.7%	94.4M YoY+69.8%
Acquisitions	0.00 YoY-100.0%	33.3M	0.00	0.00	—
Proceeds from sale of PP&E	—	—	—	—	25.0K YoY-13.8%
	-286M YoY+67.2%	-872M YoY-374.7%	-184M YoY-42.7%	-129M YoY-42.8%	-90.2M YoY-26.1%
Common stock repurchased	6.60M YoY-99.0%	636M YoY+17094.6%	3.70M	0.00	0.00
Dividends paid	285M YoY+18.4%	241M YoY+29.5%	186M YoY+34.7%	138M YoY+26.2%	109M YoY+23.2%
FX effect on cash	12.5M YoY+247.7%	-8.47M YoY-155.9%	-3.31M YoY+45.2%	-6.04M YoY-277.6%	3.40M YoY-31.0%
Net change in cash	408M YoY+211.7%	131M YoY-52.0%	272M YoY+174.3%	99.3M YoY+168.2%	-146M YoY-189.9%
Income taxes paid	95.1M YoY+19.5%	79.6M YoY-6.5%	85.1M YoY+0.1%	85.0M YoY+302.1%	21.1M YoY+1405.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	43.4B YoY+50.4%	28.9B YoY-4.5%	30.2B YoY+82.1%	16.6B YoY-27.0%	22.7B YoY+37.7%
P/E	69.9× YoY+285.4%	18.1× YoY-73.0%	67.0× YoY+58.5%	42.3× YoY-55.0%	94.0× YoY-6.5%
P/S	15.6× YoY+19.0%	13.1× YoY-20.7%	16.5× YoY+66.6%	9.9× YoY-47.4%	18.8× YoY-3.7%
P/B	12.3× YoY+25.7%	9.8× YoY-36.9%	15.5× YoY+43.4%	10.8× YoY-40.9%	18.3× YoY+7.0%
P/FCF	65.2× YoY+45.0%	44.9× YoY-28.4%	62.7× YoY-39.7%	104.0× YoY+3.2%	100.8× YoY+29.5%
Earnings yield	1.4% YoY-74.1%	5.5% YoY+269.8%	1.5% YoY-36.9%	2.4% YoY+122.2%	1.1% YoY+6.9%
FCF yield	1.5% YoY-31.1%	2.2% YoY+39.6%	1.6% YoY+65.8%	1.0% YoY-3.1%	1.0% YoY-22.8%
Dividend yield	0.7% YoY-18.5%	0.8% YoY+33.3%	0.6% YoY-25.3%	0.8% YoY+74.4%	0.5% YoY-10.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MPWR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MPWR filings on SEC EDGAR → Not investment advice.

MPWR▼ financial statements

About this data

financial statements