MPWR
$1,210.86-3.07%
as of close, Oct 16, 2026
☾ AH $1,210.86 -3.07%
Monolithic Power Systems Inc.Stock · TechnologyNasdaq-100 0.3%S&P 500 Equal Weight 0.2%Nasdaq Composite 0.2%S&P 500 0.1%Russell 1000 0.09%Russell 3000 0.09%US Stock Market 0.09%MSCI World 0.08%MSCI ACWI 0.07%
MPWR 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.
Shares outstanding (point-in-time)
2024-06 48.8M2024-09 48.8M2024-12 47.9M2025-03 47.9M2025-06 47.9M2025-09 47.9M2025-12 49.1M2026-03 49.1M2026-06 49.1M+0.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | 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+26.4% | 2.21B+21.2% | 1.82B+1.5% | 1.79B+48.5% | 1.21B+43.0% | |
| 1.54B+26.1% | 1.22B+19.6% | 1.02B-2.6% | 1.05B+53.0% | 685M+47.1% | ||
| Cost of revenue | 1.25B+26.8% | 986M+23.3% | 800M+7.3% | 746M+42.7% | 522M+38.0% | |
| 811M+19.0% | 682M+26.4% | 539M+3.4% | 522M+23.3% | 423M+37.8% | ||
| Research & development | 382M+17.7% | 325M+23.2% | 264M+9.8% | 240M+26.0% | 191M+38.5% | |
| Selling, general & administrative | 429M+20.2% | 357M+29.4% | 276M-2.1% | 282M+21.2% | 232M+43.8% | |
| Operating income | 729M+35.1% | 539M+12.0% | 482M-8.6% | 527M+100.7% | 262M+65.2% | |
| Other non-operating income | 587K-10.8% | 658K-63.6% | 1.81M+175.1% | 658K+393.8% | -224K-113.6% | |
| Pre-tax income | 766M+33.7% | 573M+13.3% | 506M-3.6% | 525M+92.8% | 272M+60.8% | |
| Income tax | 145M+114.2% | -1.02B-1398.8% | 78.5M-10.1% | 87.3M+189.0% | 30.2M+507.9% | |
| Net income | 621M-61.0% | 1.59B+272.5% | 427M-2.4% | 438M+80.8% | 242M+47.2% | |
| $12.86-60.6% | $32.60+272.1% | $8.76-3.2% | $9.05+79.2% | $5.05+44.3% | ||
| EPS (basic) | $12.94-60.5% | $32.76+264.8% | $8.98-4.2% | $9.37+77.5% | $5.28+43.9% | |
| Weighted-avg shares (basic) | 48.0M-1.2% | 48.6M+2.1% | 47.6M+1.9% | 46.7M+1.9% | 45.9M+2.3% | |
| Weighted-avg shares (diluted) | 48.3M-1.1% | 48.8M+0.1% | 48.8M+0.9% | 48.4M+1.0% | 47.9M+1.9% | |
| Dividends per share | $6.24+24.8% | $5.00+25.0% | $4.00+33.3% | $3.00+25.0% | $2.40+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+39.5% | 1.57B-14.0% | 1.82B+29.0% | 1.41B+25.4% | 1.12B+33.6% | ||
| Cash & equivalents | 1.10B+58.9% | 692M+31.1% | 528M+82.9% | 289M+52.5% | 189M-43.5% | |
| Short-term investments | 157M-8.1% | 171M-70.5% | 581M+29.2% | 449M-16.2% | 536M+105.9% | |
| Accounts receivable | 256M+48.2% | 173M-4.1% | 180M-1.6% | 183M+74.3% | 105M+56.8% | |
| Inventory | 565M+34.6% | 420M+9.4% | 384M-14.2% | 447M+72.4% | 259M+65.2% | |
| Prepaid expenses | 47.0M-6.0% | 50.0M+72.6% | 29.0M+162.2% | 11.0M+15.9% | 9.53M+89.3% | |
| Other current assets | 107M-2.7% | 110M-25.4% | 147M+245.0% | 42.7M+20.3% | 35.5M+54.7% | |
| 4.19B+19.3% | 3.52B+44.4% | 2.43B+18.2% | 2.06B+29.8% | 1.59B+31.2% | ||
| Property, plant & equipment | 628M+26.8% | 495M+34.1% | 369M+3.3% | 357M-1.6% | 363M+28.9% | |
| Operating lease right-of-use | 24.9M+47.1% | 16.9M+102.5% | 8.36M | — | — | |
| Goodwill | 25.9M+0.0% | 25.9M+294.8% | 6.57M+0.0% | 6.57M+0.0% | 6.57M+0.0% | |
| Intangible assets | 8.79M-11.6% | 9.94M | 0.00 | — | — | |
| Long-term investments | 49.0K-66.9% | 148K-73.9% | 567K-66.9% | 1.71M-28.7% | 2.40M-16.1% | |
| Deferred tax assets | 1.18B-3.5% | 1.23B+4268.6% | 28.1M-20.4% | 35.3M+60.8% | 21.9M+18.1% | |
| Other non-current assets | 165M-15.1% | 194M-8.0% | 211M-15.2% | 249M+258.6% | 69.5M+16.2% | |
| 369M+25.4% | 295M+25.3% | 235M-10.8% | 263M+16.1% | 227M+54.4% | ||
| Accounts payable | 138M+34.9% | 103M+62.8% | 63.0M+2.4% | 61.5M-26.0% | 83.0M+117.5% | |
| Accrued liabilities | 145M+13.3% | 128M+10.7% | 116M+1.9% | 114M+39.9% | 81.3M+29.1% | |
| Deferred revenue | — | — | 2.79M | — | 4.30M-40.6% | |
| Current lease liability | 4.13M+46.5% | 2.82M+22.4% | 2.30M | — | — | |
| 663M+17.4% | 565M+46.9% | 384M-1.5% | 390M+14.2% | 342M+41.3% | ||
| Non-current lease liability | 20.0M+53.9% | 13.0M+133.1% | 5.57M+234.4% | 1.66M | — | |
| Operating lease liability (total) | 24.1M+52.6% | 15.8M | — | — | — | |
| Deferred tax liabilities | 90.5M-3.1% | 93.4M | — | — | — | |
| Other non-current liabilities | 128M+14.6% | 112M+25.8% | 88.7M+20.8% | 73.4M+9.1% | 67.2M+16.2% | |
| 3.53B+19.7% | 2.95B+44.0% | 2.05B+22.9% | 1.67B+34.1% | 1.24B+28.7% | ||
| Retained earnings | 2.61B+13.8% | 2.29B+142.1% | 947M+32.2% | 716M+68.6% | 425M+42.2% | |
| Accumulated other comprehensive income | -15.2M+68.8% | -48.5M-79.3% | -27.1M-17.3% | -23.1M-245.3% | 15.9M+56.6% | |
| Total liabilities & equity | 4.19B+19.3% | 3.52B+44.4% | 2.43B+18.2% | 2.06B+29.8% | 1.59B+31.2% | |
| Common shares issued | 48.7M+1.9% | 47.8M-0.4% | 48.0M+2.0% | 47.1M+1.8% | 46.3M+2.2% | |
| Common shares outstanding | 48.7M+1.9% | 47.8M-0.4% | 48.0M+2.0% | 47.1M+1.8% | 46.3M+2.2% | |
| Shares outstanding (cover) | 49.1M+2.6% | 47.9M-1.6% | 48.7M+2.9% | 47.3M+1.7% | 46.5M+1.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 838M+6.3% | 788M+23.5% | 638M+158.7% | 247M-22.9% | 320M+19.5% | ||
| Depreciation & amortization | 52.5M+44.1% | 36.4M-9.3% | 40.2M+8.2% | 37.1M+29.3% | 28.7M+49.6% | |
| Share-based compensation | 227M+10.6% | 206M+37.4% | 150M-7.0% | 161M+30.4% | 123M+44.3% | |
| Deferred income taxes | 39.7M+103.6% | -1.11B-18996.3% | 5.87M+144.4% | -13.2M-376.9% | -2.77M-70.4% | |
| Change in inventory | 145M+312.0% | 35.2M+155.4% | -63.6M-133.8% | 188M+83.8% | 102M+246.8% | |
| Change in payables | 41.2M+78.0% | 23.2M+383.0% | 4.80M+142.7% | -11.2M-134.1% | 32.9M+216.3% | |
| -157M-170.5% | 223M+224.8% | -179M-1328.7% | -12.5M+96.7% | -379M-867.1% | ||
| Capital expenditure | 172M+17.7% | 146M+153.8% | 57.6M-2.1% | 58.8M-37.7% | 94.4M+69.8% | |
| Free cash flow | 666M+3.7% | 642M+10.6% | 581M+209.1% | 188M-16.7% | 226M+6.3% | |
| Acquisitions | 0.00-100.0% | 33.3M | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | — | — | 25.0K-13.8% | |
| -286M+67.2% | -872M-374.7% | -184M-42.7% | -129M-42.8% | -90.2M-26.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 6.60M-99.0% | 636M+17094.6% | 3.70M | 0.00 | 0.00 | |
| Dividends paid | 285M+18.4% | 241M+29.5% | 186M+34.7% | 138M+26.2% | 109M+23.2% | |
| FX effect on cash | 12.5M+247.7% | -8.47M-155.9% | -3.31M+45.2% | -6.04M-277.6% | 3.40M-31.0% | |
| Net change in cash | 408M+211.7% | 131M-52.0% | 272M+174.3% | 99.3M+168.2% | -146M-189.9% | |
| Income taxes paid | 95.1M+19.5% | 79.6M-6.5% | 85.1M+0.1% | 85.0M+302.1% | 21.1M+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 | 44.5B+57.2% | 28.3B-6.3% | 30.2B+82.1% | 16.6B-27.7% | 22.9B+37.3% | |
| P/E | 71.6×+302.7% | 17.8×-73.5% | 67.2×+58.5% | 42.4×-55.2% | 94.8×-6.7% | |
| P/S | 16.0×+24.3% | 12.8×-22.4% | 16.5×+66.5% | 9.9×-47.7% | 19.0×-4.0% | |
| P/B | 12.6×+31.4% | 9.6×-38.2% | 15.5×+43.3% | 10.8×-41.2% | 18.4×+6.7% | |
| P/FCF | 66.8×+51.5% | 44.1×-29.9% | 62.9×-39.7% | 104.3×+2.6% | 101.7×+29.2% | |
| Earnings yield | 1.4%-75.2% | 5.6%+277.9% | 1.5%-36.9% | 2.4%+123.5% | 1.1%+7.2% | |
| FCF yield | 1.5%-34.0% | 2.3%+42.6% | 1.6%+65.9% | 0.96%-2.5% | 0.98%-22.6% | |
| Dividend yield | 0.69%-18.5% | 0.85%+33.3% | 0.63%-25.3% | 0.85%+74.4% | 0.49%-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.