MONOLITHIC POWER SYSTEMS INC (MPWR) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.7B	2.8B	2.2B	1.8B	1.8B
Cost of Revenue	1.7B	1.3B	986.2M	800.0M	745.6M
Gross Profit	2.1B	1.5B	1.2B	1.0B	1.0B
Operating Expenses
R&D Expense	455.4M	382.3M	324.7M	263.6M	240.2M
SG&A Expense	507.9M	428.8M	356.8M	275.7M	281.6M
General & Admin Expense	167.3M	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	963.3M	811.1M	681.5M	539.4M	521.8M
Cost and Expenses	2.6B	2.1B	1.7B	1.3B	1.3B
Operating Income (EBIT)	1.1B	728.6M	539.4M	481.7M	526.8M
Non-Operating
Interest Income	17.0M	29.2M	27.1M	23.4M	14.4M
Interest Expense	—	—	—	—	—
Net Interest Income	17.0M	29.2M	27.1M	23.4M	14.4M
Other Non-Op Income/Expense	42.6M	37.6M	33.6M	24.1M	(1.8M)
Non-Operating Income (excl Interest)	(42.6M)	(37.6M)	(33.6M)	(24.1M)	1.8M
EBT (Pre-Tax Income)	1.1B	766.2M	572.9M	505.8M	524.9M
Income Tax Expense	253.6M	150.3M	(1.2B)	78.5M	87.3M
Bottom Line
Net Income	891.7M	615.9M	1.8B	427.4M	437.7M
Earnings from Cont. Ops	891.7M	615.9M	1.8B	427.4M	437.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	891.7M	615.9M	1.8B	427.4M	437.7M
Per Share
Basic EPS	$18.21	$12.82	$36.76	$8.98	$9.37
Diluted EPS	$18.12	$12.75	$36.59	$8.76	$9.05
Revenue Per Share	$76.21	$58.09	$45.41	$38.25	$38.40
Shares
Basic Shares Outstanding	49.1M	48.0M	48.6M	47.6M	46.7M
Diluted Shares Outstanding	49.2M	48.3M	48.8M	48.8M	48.4M
Profitability Metrics
EBITDA	1.2B	818.7M	609.3M	546.0M	562.1M
D&A	46.4M	52.5M	36.4M	40.2M	37.1M
EBIT	1.1B	766.2M	572.9M	505.8M	524.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026