$COCO
Vita Coco Company, Inc.
CIK:0001482981|SEC Filings
Condensed Consolidated Statement of Operations & Other Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Net sales | $ 216,153 | $ 168,759 | $ 395,918 | $ 299,680 |
| Cost of goods sold | 110,842 | 107,494 | 218,794 | 190,330 |
| Gross profit | 105,311 | 61,265 | 177,124 | 109,350 |
| Operating expenses | ||||
| Selling, general and administrative | 42,172 | 36,143 | 80,403 | 64,935 |
| Income from operations | 63,139 | 25,122 | 96,721 | 44,415 |
| Other income (expense) | ||||
| Unrealized (loss) gain on derivative instruments | (233) | 1,067 | 2,594 | 3,884 |
| Foreign currency (loss) gain | (1,046) | 482 | (1,545) | 1,062 |
| Interest income, net | 2,483 | 1,500 | 4,021 | 3,018 |
| Other income, net | 14 | 0 | 8 | 155 |
| Total other income | 1,218 | 3,049 | 5,078 | 8,119 |
| Income before income taxes | 64,357 | 28,171 | 101,799 | 52,534 |
| Income tax expense | 14,906 | 5,263 | 21,874 | 10,744 |
| Net income | 49,451 | 22,908 | 79,925 | 41,790 |
| Other comprehensive (loss) income | ||||
| Foreign currency translation adjustment | (313) | 1,191 | (773) | 1,686 |
| Total comprehensive income attributable to The Vita Coco Company, Inc. | $ 49,138 | $ 24,099 | $ 79,152 | $ 43,476 |
| Net income per common share | ||||
| Basic (in dollars per share) | $ 0.86 | $ 0.40 | $ 1.40 | $ 0.73 |
| Diluted (in dollars per share) | $ 0.82 | $ 0.38 | $ 1.32 | $ 0.70 |
| Weighted-average number of common shares outstanding | ||||
| Basic (in shares) | 57,251,361 | 56,795,499 | 57,183,296 | 56,894,274 |
| Diluted (in shares) | 60,642,797 | 59,643,348 | 60,390,598 | 59,809,039 |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 278,640 | $ 196,873 |
| Accounts receivable, net of allowance of $2,285 at June 30, 2026, and $2,660 at December 31, 2025 | 132,312 | 81,514 |
| Inventory | 82,911 | 111,468 |
| Supplier advances, current | 452 | 693 |
| Derivative assets | 2,940 | 732 |
| Prepaid expenses and other current assets | 37,775 | 30,160 |
| Total current assets | 535,030 | 421,440 |
| Property and equipment, net | 8,931 | 9,298 |
| Goodwill | 7,791 | 7,791 |
| Supplier advances, long-term | 1,692 | 1,860 |
| Deferred tax assets, net | 6,466 | 6,463 |
| Right-of-use assets, net | 10,643 | 11,592 |
| Other assets | 2,389 | 2,714 |
| Total assets | 572,942 | 461,158 |
| Current liabilities: | ||
| Accounts payable | 30,975 | 25,464 |
| Accrued expenses and other current liabilities | 127,330 | 89,461 |
| Derivative liabilities | 1,121 | 1,507 |
| Total current liabilities | 159,426 | 116,432 |
| Operating lease liability, long-term | 12,520 | 13,087 |
| Other long-term liabilities | 92 | 97 |
| Total liabilities | 172,038 | 129,616 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 500,000,000 shares authorized; 64,900,349 and 64,186,549 shares issued at June 30, 2026 and December 31, 2025, respectively; 57,397,082 and 57,082,173 shares outstanding at June 30, 2026 and December 31, 2025, respectively | 649 | 642 |
| Additional paid-in capital | 195,611 | 185,400 |
| Retained earnings | 307,939 | 228,014 |
| Accumulated other comprehensive gain (loss) | (287) | 486 |
| Treasury stock, 7,503,267 shares at cost as of June 30, 2026, and 7,104,376 shares at cost as of December 31, 2025. | (103,008) | (83,000) |
| Total stockholders’ equity | 400,904 | 331,542 |
| Total liabilities and stockholders’ equity | $ 572,942 | $ 461,158 |