MONOLITHIC POWER SYSTEMS INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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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.
FY2024 · Filed Mar 3, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $2,207,100 | $1,821,072 | $1,794,148 |
| Cost of revenue | 986,230 | 799,953 | 745,596 |
| Gross profit | 1,220,870 | 1,021,119 | 1,048,552 |
| Operating expenses: | |||
| Research and development | 324,748 | 263,643 | 240,171 |
| Selling, general and administrative | 356,764 | 275,740 | 281,596 |
| Total operating expenses | 681,512 | 539,383 | 521,767 |
| Operating income | 539,358 | 481,736 | 526,785 |
| Other income (expense), net | 33,554 | 24,105 | (1,848) |
| Income before income taxes | 572,912 | 505,841 | 524,937 |
| Income tax expense (benefit), net | (1,213,788) | 78,467 | 87,265 |
| Net income | $1,786,700 | $427,374 | $437,672 |
| Net income per share: | |||
| Basic | $36.76 | $8.98 | $9.37 |
| Diluted | $36.59 | $8.76 | $9.05 |
| Weighted-average shares outstanding: | |||
| Basic | 48,599 | 47,610 | 46,727 |
| Diluted | 48,835 | 48,771 | 48,358 |
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