Vita Coco Company, Inc.

Listed Company

COCOCIK 0001482981NasdaqLarge AcceleratedBeveragesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$71.32M

Total Assets

$461.16M

Equity

$331.54M

Shares Out

57.11M

Op. Cash Flow

$47.17M

Business

Vita Coco Company, Inc. is a beverage company that produces and markets coconut- and plant-based waters and related consumer products. It offers branded products including Vita Coco coconut water, coconut oil, coconut juice and milk offerings, Vita Coco Treats, Ever & Ever bottled water, and the PWR LIFT protein-infused drink, and also supplies private label and bulk products to retailers and food/beverage companies. The company operates through Americas and International business segments and sells both branded and private label lines using a contract manufacturing and co-packing model. Its products are sold in over 35 countries, with primary markets in North America, the U.K. and Germany, and distributed via club, grocery, mass, convenience, e-commerce, foodservice and various on-premise channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	610	516	494	428	380
Cost of goods sold	387	317	313	324	266
Gross profit	223	199	181	103	113
Selling, general and administrative	140	125	124	100	89
Total operating expenses	140	125	124	100	89
Income from operations	83	74	56	3	25
Unrealized gain/(loss) on derivative instruments	5	−8	−872,000	7	2
Foreign currency loss	−1	−2	−251,000	1	−2
Interest income, net	7	7	3	51,000	127,000
Other income	191,000	0	0	—	—
Total other income (expense)	10	−3	1	8	−360,000
Income before income taxes	93	71	58	11	24
Income tax expense	22	15	11	3	−5
Net income	71	56	47	8	19
Foreign currency translation adjustment	1	−211,000	345,000	—	—
Total comprehensive income attributable to The Vita Coco Company, Inc.	—	—	47	—	—
Basic (in dollars per share)	1.25	0.99	0.83	0.14	0.35
Diluted (in dollars per share)	1.19	0.94	0.79	0.14	0.35
Basic (in shares)	57	57	56	56	54
Diluted (in shares)	60	59	59	56	54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	197	165	133	20	29
Accounts receivable, net of allowance of $2,660 at December 31, 2025, and $2,255 at December 31, 2024	82	63	50	43	47
Inventory	111	84	51	84	75
Supplier advances, current	693,000	954,000	2	2	1
Derivative assets	732,000	1	4	4	126,000
Prepaid expenses and other current assets	30	27	24	22	21
Total current assets	421	341	263	175	173
Property and equipment, net	9	2	2	2	2
Goodwill	8	8	8	8	8
Supplier advances, long-term	2	2	3	4	3
Deferred tax assets, net	6	6	7	4	1
Right-of-use assets, net	12	385,000	1	3	2
Other assets	3	2	2	2	2
Total assets	461	362	286	198	197
Accounts payable	25	31	22	16	28
Accrued expenses and other current liabilities	89	66	60	38	42
Notes payable, current	3,000	10,000	13,000	23,000	28,000
Derivative liabilities	2	7	1	71,000	3
Total current liabilities	116	103	83	54	74
Notes payable, long-term	0	3,000	13,000	25,000	48,000
Non-current portion of operating lease liabilities	13	0	—	—	—
Other long-term liabilities	97,000	295,000	647,000	2	301,000
Total liabilities	130	104	83	57	74
Contingencies (See Note 11)	—	—	—	—	—
Common stock, $0.01 par value; 500,000,000 shares authorized; 64,186,549 and 63,702,387 shares issued at December 31, 2025 and December 31, 2024, respectively; 57,082,173 and 56,961,941 shares outstanding at December 31, 2025 and December 31, 2024, respectively.	642,000	637,000	631,000	622,000	618,000
Additional paid-in capital	185	174	161	145	135
Retained earnings	228	157	101	55	47
Accumulated other comprehensive gain (loss)	486,000	−860,000	−649,000	−994,000	−616,000
Treasury stock, 7,104,376 shares at cost as of December 31, 2025, and 6,740,446 as of December 31, 2024.	−83	−72	−60	−59	−59
Total stockholders equity	332	259	202	141	123
Total liabilities and stockholders equity	461	362	286	198	197

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	1	745,000	660,000	2	2
Amortization of debt issuance costs	16,000	0	0	—	—
Loss on disposal of equipment	1,000	13,000	19,000	1,000	112,000
Provision for credit losses	2	2	260,000	3	76,000
Stock-based compensation	11	9	9	7	3
Impairment loss on assets held for sale	0	0	363,000	619,000	—
Impairment loss on Runa assets	185,000	0	0	7	0
Noncash lease expense	1	1	1	1	0
Deferred tax expense	−366,000	644,000	−2	−3	−2
Accounts receivable	−19	−14	−7	321,000	−17
Inventory	−27	−33	34	−9	−44
Prepaid expenses, net supplier advances, and other assets	130,000	−3	−622,000	−4	3
Accounts payable, accrued expenses, and other liabilities	11	16	24	−17	21
Net cash provided by operating activities	47	43	107	−11	−16
Cash paid for property and equipment	−8	−974,000	−599,000	−982,000	−557,000
Proceeds from sale of property and equipment	0	0	5,000	0	0
Equity method investment in joint venture	−104,000	0	0	—	—
Net cash used in investing activities	−8	−974,000	−594,000	−982,000	−557,000
Proceeds from exercise of stock awards	4	4	7	3	177,000
Cash paid on notes payable	−10,000	−13,000	−23,000	−28,000	21,000
Cash paid to acquire treasury stock	−11	−12	−773,000	0	−50
Net cash provided by (used in) financing activities	−8	−8	6	3	−27
Effects of exchange rate changes on cash and cash equivalents	834,000	−563,000	387,000	−178,000	35,000
Net increase in cash and cash equivalents	32	33	113	−9	−43
Cash paid for interest	0	1,000	75,000	217,000	349,000

Filings

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