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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.35B | $2.13B | $2.20B | $2.11B | $1.85B | $1.81B | $1.88B |
| Cost of revenue | $1.12B | $1.06B | $947.72M | $972.65M | $935.18M | $806.60M | $809.60M | $881.17M |
| Gross profit | $1.42B | $1.29B | $1.18B | $1.22B | $1.18B | $1.05B | $1.00B | $999.80M |
| Gross margin | 55.9% | 55.0% | 55.5% | 55.7% | 55.7% | 56.5% | 55.3% | 53.2% |
| Operating expenses | $679.19M | $563.39M | $640.70M | $549.13M | $544.79M | $478.22M | $621.22M | $519.88M |
| Operating income | $740.44M | $729.96M | $542.63M | $675.35M | $631.62M | $569.75M | $381.22M | $479.92M |
| Operating margin | 29.2% | 31.0% | 25.5% | 30.7% | 29.9% | 30.7% | 21.0% | 25.5% |
| EBITDA | $770.23M | $758.36M | $575.05M | $704.97M | $659.18M | $594.59M | $401.84M | $499.83M |
| Income before taxes | $768.27M | $750.13M | $568.29M | $689.54M | $646.69M | $578.02M | $386.08M | $474.10M |
| Income taxes | $183.73M | $180.64M | $119.10M | $165.08M | $157.89M | $135.02M | $115.37M | $103.18M |
| Net income | $584.54M | $569.49M | $449.19M | $524.46M | $488.79M | $442.99M | $270.71M | $370.92M |
| Net margin | 23.0% | 24.2% | 21.1% | 23.9% | 23.1% | 23.9% | 14.9% | 19.7% |
| EPS, basic | $0.20 | $0.19 | $0.15 | $0.54 | $0.17 | $0.15 | $0.09 | $0.38 |
| EPS, diluted | $0.20 | $0.19 | $0.15 | $0.53 | $0.17 | $0.15 | $0.09 | $0.38 |
| Diluted shares | 2.97B | 2.96B | 2.96B | 984.97M | 2.95B | 2.94B | 2.94B | 983.17M |
Figures describe Monster Beverage shares, not any token. As of Aug 7, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.