MONOLITHIC POWER SYSTEMS INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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.
FY2023 · Filed Feb 29, 2024
MPWR$1,388.05+16.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $1,821,072 | $1,794,148 | $1,207,798 |
| Cost of revenue | 799,953 | 745,596 | 522,339 |
| Gross profit | 1,021,119 | 1,048,552 | 685,459 |
| Operating expenses: | |||
| Research and development | 263,643 | 240,171 | 190,627 |
| Selling, general and administrative | 275,740 | 281,596 | 232,415 |
| Total operating expenses | 539,383 | 521,767 | 423,042 |
| Operating income | 481,736 | 526,785 | 262,417 |
| Other income (expense), net | 24,105 | (1,848) | 9,802 |
| Income before income taxes | 505,841 | 524,937 | 272,219 |
| Income tax expense | 78,467 | 87,265 | 30,196 |
| Net income | $427,374 | $437,672 | $242,023 |
| Net income per share: | |||
| Basic | $8.98 | $9.37 | $5.28 |
| Diluted | $8.76 | $9.05 | $5.05 |
| Weighted-average shares outstanding: | |||
| Basic | 47,610 | 46,727 | 45,851 |
| Diluted | 48,771 | 48,358 | 47,889 |
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