Vita Coco Company (COCO) financial statements
Vita Coco Company reported revenue of $610M in fiscal 2025, up 13.6% a year over 6 years.
Net income was $71M and the operating margin 13.5%, against 4.7% in 2019.
Free cash flow was $39M, and the company returned $11M in net buybacks.
The diluted share count rose 5% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Vita Coco Company's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $284M | $311M | $380M | $428M | $494M | $516M | $610M |
| Cost of revenue | $191M | $206M | $266M | $324M | $313M | $317M | $387M |
| Gross profit | $93M | $105M | $113M | $103M | $181M | $199M | $223M |
| Research and development | $642,000 | $313,000 | $477,000 | $541,000 | $418,000 | $398,000 | $399,000 |
| Selling, general and admin | $79M | $74M | $89M | $100M | $124M | $125M | $140M |
| Operating income | $13M | $47M | $25M | $3M | $56M | $74M | $83M |
| Interest expense | $1M | $791,000 | $360,000 | $258,000 | $31,000 | $0 | — |
| Pre-tax income | $11M | $44M | $24M | $11M | $58M | $71M | $93M |
| Income tax | $2M | $11M | $5M | $3M | $11M | $15M | $22M |
| Net income | $9M | $33M | $19M | $8M | $47M | $56M | $71M |
| EPS (diluted) | $0.16 | $0.56 | $0.35 | $0.14 | $0.79 | $0.94 | $1.19 |
| Diluted shares | 57M | 59M | 54M | 56M | 59M | 59M | 60M |
| Gross margin | 32.7% | 33.8% | 29.8% | 24.2% | 36.6% | 38.5% | 36.5% |
| Operating margin | 4.7% | 15.1% | 6.5% | 0.7% | 11.4% | 14.3% | 13.5% |
| Net margin | 3.3% | 10.5% | 5.0% | 1.8% | 9.4% | 10.8% | 11.7% |
Balance sheet
Fiscal years, from Vita Coco Company's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $37M | $72M | $29M | $20M | $133M | $165M | $197M |
| Receivables | — | $31M | $47M | $43M | $50M | $63M | $82M |
| Inventory | — | $32M | $75M | $84M | $51M | $84M | $111M |
| Total current assets | — | $159M | $173M | $175M | $263M | $341M | $421M |
| Property, plant and equipment | — | $3M | $2M | $2M | $2M | $2M | $9M |
| Goodwill | — | $8M | $8M | $8M | $8M | $8M | $8M |
| Total assets | — | $184M | $197M | $198M | $286M | $362M | $461M |
| Total current liabilities | — | $56M | $74M | $54M | $83M | $103M | $116M |
| Total liabilities | — | $82M | $74M | $57M | $83M | $104M | $130M |
| Shareholders' equity | $74M | $102M | $123M | $141M | $202M | $259M | $332M |
| Net debt | -$37M | -$72M | -$29M | -$20M | -$133M | -$165M | -$197M |
Cash flow
Fiscal years, from Vita Coco Company's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $22M | $33M | -$16M | -$11M | $107M | $43M | $47M |
| Capital spending | $1M | $392,000 | $557,000 | $982,000 | $599,000 | $974,000 | $8M |
| Free cash flow | $21M | $33M | -$17M | -$12M | $107M | $42M | $39M |
| Stock-based compensation | $2M | $2M | $3M | $7M | $9M | $9M | $11M |
| Share buybacks (net) | -$37,000 | -$7M | -$50M | $0 | -$773,000 | -$12M | -$11M |
| Free cash flow margin | 7.3% | 10.6% | -4.4% | -2.8% | 21.6% | 8.1% | 6.4% |
Questions
What was Vita Coco Company's revenue in 2025?
$610M in fiscal 2025, from its 10-K filing.
How much free cash flow does Vita Coco Company generate?
$39M in fiscal 2025 (operating cash flow minus capital spending).
From Vita Coco Company's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.