The Vita Coco Company, Inc. (COCO)

The Vita Coco Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	535.24	516.01	493.61	427.79	379.51	310.64
Revenue Growth (YoY)	8.01%	4.54%	15.39%	12.72%	22.17%	9.40%
Cost of Revenue	335.55	317.23	312.88	324.43	266.37	205.79
Gross Profit	199.69	198.78	180.73	103.36	113.15	104.86
Selling, General & Admin	125.14	124.57	123.82	91.21	86.86	72.87
Research & Development	0.4	0.4	0.42	0.54	0.48	0.31
Operating Expenses	125.54	124.96	124.24	92.97	88.56	74.4
Operating Income	74.15	73.82	56.49	10.39	24.59	30.46
Interest Expense	-	-	-0.03	-0.26	-0.36	-0.79
Interest & Investment Income	6.71	6.72	2.58	0.05	0.13	0.4
Currency Exchange Gain (Loss)	-1.05	-1.57	-0.25	1.39	-2.09	1.85
Other Non Operating Income (Expenses)	-2.68	-8.18	-0.87	6.61	2.09	-4.72
EBT Excluding Unusual Items	77.14	70.79	57.92	18.17	24.36	27.2
Asset Writedown	-	-	-	-7.33	-	-
Other Unusual Items	-	-	-	-	-0.13	16.4
Pretax Income	77.14	70.79	57.92	10.84	24.23	43.6
Income Tax Expense	16.54	14.84	11.29	3.03	5.24	10.91
Earnings From Continuing Operations	60.6	55.95	46.63	7.81	18.99	32.69
Minority Interest in Earnings	-	-	-	-	0.02	-0.03
Net Income	60.6	55.95	46.63	7.81	19.02	32.66
Net Income to Common	60.6	55.95	46.63	7.81	19.02	32.66
Net Income Growth	11.88%	19.99%	496.74%	-58.91%	-41.78%	246.82%
Shares Outstanding (Basic)	57	57	56	56	54	59
Shares Outstanding (Diluted)	60	59	59	56	54	59
Shares Change (YoY)	0.84%	0.92%	4.67%	3.58%	-7.55%	2.55%
EPS (Basic)	1.07	0.99	0.83	0.14	0.35	0.56
EPS (Diluted)	1.01	0.94	0.79	0.14	0.35	0.56
EPS Growth	11.36%	18.99%	464.29%	-60.00%	-37.31%	248.92%
Free Cash Flow	31.96	41.93	106.56	-11.92	-16.72	32.93
Free Cash Flow Per Share	0.54	0.71	1.81	-0.21	-0.31	0.56
Gross Margin	37.31%	38.52%	36.61%	24.16%	29.81%	33.76%
Operating Margin	13.85%	14.31%	11.45%	2.43%	6.48%	9.80%
Profit Margin	11.32%	10.84%	9.45%	1.83%	5.01%	10.51%
Free Cash Flow Margin	5.97%	8.13%	21.59%	-2.79%	-4.41%	10.60%
EBITDA	74.94	74.57	57.15	12.29	26.66	32.58
EBITDA Margin	14.00%	14.45%	11.58%	2.87%	7.02%	10.49%
D&A For EBITDA	0.79	0.75	0.66	1.9	2.07	2.13
EBIT	74.15	73.82	56.49	10.39	24.59	30.46
EBIT Margin	13.85%	14.31%	11.45%	2.43%	6.48%	9.80%
Effective Tax Rate	21.44%	20.96%	19.49%	27.92%	21.62%	25.03%
Advertising Expenses	-	-	-	-	13.76	12.86

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q