MGP INGREDIENTS INC
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
MGPI$17.12-0.5%Stored close · as of Oct 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets - December 31, 2025 and 2024
Table of Contents
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share amounts and par value)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Current Assets | ||
| Cash and cash equivalents | $18,460 | $25,273 |
| Receivables (less allowance for credit loss of $1,190 and $1,875 at December 31, 2025 and 2024, respectively) | 116,160 | 148,488 |
| Inventory | 382,741 | 364,944 |
| Prepaid expenses | 2,139 | 3,983 |
| Refundable income taxes | 3,209 | 3,448 |
| Total current assets | 522,709 | 546,136 |
| Property, plant, and equipment, net | 327,987 | 316,672 |
| Operating lease right-of-use assets, net | 13,847 | 15,540 |
| Investment in joint venture | 8,211 | 7,024 |
| Intangible assets, net | 244,696 | 268,451 |
| Goodwill | 115,667 | 247,789 |
| Other assets | 2,747 | 4,173 |
| Total assets | $1,235,864 | $1,405,785 |
| Current Liabilities | ||
| Current maturities of long-term debt | $6,400 | $6,400 |
| Accounts payable | 54,589 | 66,336 |
| Contingent consideration | 110,800 | — |
| Federal and state excise taxes payable | 5,755 | 5,358 |
| Accrued expenses and other | 22,507 | 14,356 |
| Total current liabilities | 200,051 | 92,450 |
| Long-term debt, less current maturities | 49,735 | 121,277 |
| Convertible senior notes | 196,183 | 195,864 |
| Long-term operating lease liabilities | 10,561 | 11,940 |
| Contingent consideration | — | 85,300 |
| Other noncurrent liabilities | 2,534 | 2,981 |
| Deferred income taxes | 60,010 | 63,430 |
| Total liabilities | 519,074 | 573,242 |
| Stockholders’ Equity | ||
| Capital stock | ||
| Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares | 4 | 4 |
| Common stock | ||
| No par value; authorized 40,000,000 shares; issued 23,125,166 shares at December 31, 2025 and 2024; 21,294,315 and 21,194,707 shares outstanding at December 31, 2025 and 2024, respectively | 6,715 | 6,715 |
| Additional paid-in capital | 330,872 | 332,195 |
| Retained earnings | 445,736 | 563,929 |
| Accumulated other comprehensive loss | (373) | (658) |
| Treasury stock, at cost, 1,830,851 and 1,930,459 shares at December 31, 2025 and 2024, respectively | (64,518) | (68,019) |
| Total MGP Ingredients, Inc. stockholders’ equity | 718,436 | 834,166 |
| Noncontrolling interest | (1,646) | (1,623) |
| Total equity | 716,790 | 832,543 |
| Total liabilities and equity | $1,235,864 | $1,405,785 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.