Vita Coco Company, Inc. (COCO)
The Vita Coco Company, Inc. is a global beverage enterprise, founded in New York in 2004, primarily engaged in the development, marketing, and distribution of its flagship Vita Coco-branded coconut water. Its extensive market presence spans the United States, Canada, Europe, the Middle East, and the Asia Pacific region. Beyond its core product, the company's diverse portfolio encompasses coconut oil and milk, Hydration Drink Mix (a powdered flavored coconut water), sparkling water, the plant-based energy drink Runa, purified water under the Ever & Ever label, and PWR LIFT, a protein-enhanced fitness beverage. The firm leverages a broad distribution network, reaching consumers through club stores, grocery chains, pharmacies, mass merchandisers, convenience stores, online channels, and foodservice providers. Furthermore, Vita Coco acts as a wholesale supplier of coconut water and coconut oil categories to other retailers. Originally known as All Market Inc., the company officially adopted The Vita Coco Company, Inc. as its name in September 2021.
Sector: Beverages
Industry: Beverages - Non-Alcoholic
The Vita Coco Company, Inc.
NASDAQ:COCOConsumer Defensive · Beverages - Non-Alcoholic
-1.85%$62.45
CLOSED · Nov 6Prev close$63.63-1.85%Close$62.450.00%AH close$62.45
AH$62.45+0.00%vs close
Mkt Cap$3.56B
Float45.36M
O/S57.06M
VOL1.05M sh
$ Vol$65.42M
RVOL0.74×
Inst Own89.3%
SI15.3%
Dilution
Financials Summary
Revenue$609.78M
Net Income$71.32M
Total Assets$461.16M
Free Cash Flow$39.02M
Debt & Equity
Debt 4%
Equity 96%
Total Debt$14.82M
Total Equity$331.54M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitMar 24, 20041 share → 2
Balance Sheet Details
Assets$461.16M
Liabilities$129.62M
Accounts Receivable$81.51M
Accounts Payable$31.82M
Inventory$111.47M
PP&E (Net)$20.89M
Goodwill$7.79M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $609.78M | $516.01M | $493.61M | $427.79M | $379.51M | $310.64M | $283.95M |
| YoY Growth | 18.2% | 4.5% | 15.4% | 12.7% | 22.2% | 9.4% | - |
| Cost of Revenue | $388.26M | $317.23M | $313.54M | $324.43M | $266.37M | $205.79M | $190.96M |
| Gross Profit | $221.52M | $198.78M | $180.07M | $103.36M | $113.15M | $104.86M | $92.99M |
| Gross Margin | 36.3% | 38.5% | 36.5% | 24.2% | 29.8% | 33.8% | 32.7% |
| Research and Development | $399K | $398K | $418K | $541K | $477K | $313K | $642K |
| Selling, General, and Administrative | $138.45M | $124.96M | $123.16M | $91.21M | $86.86M | $72.87M | $77.04M |
| Other | $0 | -$398K | $0 | $8.55M | $1.22M | -$15.18M | $1.94M |
| Total Operating Expenses | $138.85M | $124.96M | $123.58M | $100.31M | $88.56M | $58M | $79.62M |
| Operating Income (EBIT) | $82.67M | $73.82M | $56.49M | $3.06M | $24.59M | $46.86M | $13.37M |
| Operating Margin | 13.6% | 14.3% | 11.4% | 0.7% | 6.5% | 15.1% | 4.7% |
| Interest Expense | $0 | $0 | $31K | $258K | $360K | $791K | $1.16M |
| Interest Income | $6.55M | $6.71M | $2.58M | $51K | $127K | $404K | $225K |
| Other Income (Expense) | $10.3M | -$3.03M | $1.43M | $7.79M | -$360K | -$3.26M | -$1.97M |
| Income Before Tax (EBT) | $92.97M | $70.79M | $57.92M | $10.84M | $24.23M | $43.6M | $11.4M |
| Income Tax Expense | $21.65M | $14.84M | $11.29M | $3.03M | $5.24M | $10.91M | $1.98M |
| Net Income | $71.32M | $55.95M | $46.63M | $7.81M | $19.02M | $32.66M | $9.42M |
| Net Income Margin | 11.7% | 10.8% | 9.4% | 1.8% | 5.0% | 10.5% | 3.3% |
| Supplementary Data | |||||||
| EPS | 1.25 | 0.99 | 0.83 | 0.14 | 0.34 | 0.59 | 0.17 |
| Diluted EPS | 1.19 | 0.94 | 0.79 | 0.14 | 0.34 | 0.59 | 0.17 |
| Weighted Average OS | 56.91M | 56.73M | 56.43M | 55.73M | 55.56M | 55.50M | 55.50M |
| EBITDA | $94.04M | $71.53M | $58.61M | $12.29M | $26.66M | $32.58M | $16.15M |
| EBITDA Margin | 15.4% | 13.9% | 11.9% | 2.9% | 7.0% | 10.5% | 5.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $196.87M | $164.67M | $132.54M | $19.63M | $28.69M | $72.18M | $36.74M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $196.87M | $164.67M | $132.54M | $19.63M | $28.69M | $72.18M | $36.74M |
| Accounts Receivable | $81.51M | $80.78M | $66.35M | $57.56M | $56.59M | $32.63M | $31.43M |
| Inventory | $111.47M | $83.6M | $50.76M | $85.65M | $75.36M | $33.16M | $37.95M |
| Other Current Assets | $31.59M | $2.65M | $3.88M | $4.11M | $126K | $3.27M | $1.51M |
| Total Current Assets | $421.44M | $341.29M | $262.94M | $174.92M | $173.26M | $159.15M | $113.02M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $20.89M | $2.74M | $3.54M | $4.75M | $2.47M | $2.88M | $3.4M |
| Goodwill | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M | $7.79M |
| Intangible Assets | $0 | $0 | $0 | $0 | $7.93M | $9.15M | $10.46M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $6.46M | $6.1M | $6.75M | $6.86M | $1.26M | $0 | $6.13M |
| Other Long-Term Assets | $4.57M | $4.46M | $4.66M | $6.04M | $4.76M | $4.89M | $5.3M |
| Total Long-Term Assets | $39.72M | $21.09M | $22.75M | $25.44M | $24.23M | $24.71M | $33.08M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $461.16M | $362.38M | $285.68M | $200.36M | $197.48M | $183.86M | $146.1M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $31.82M | $32M | $23.06M | $17.52M | $29.98M | $15.84M | $12.84M |
| Short-Term Debt | $3K | $10K | $13K | $757K | $28K | $22K | $4.02M |
| Current Income Tax Payable | $0 | $13.21M | $8.3M | $834K | $4.41M | $1.66M | $781K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.51M | $6.89M | $39.01M | $31.42M | $3.2M | $30.69M | $21.16M |
| Total Current Liabilities | $116.43M | $103.27M | $82.58M | $54.35M | $73.96M | $55.7M | $42.14M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $13.09M | $3K | $13K | $25K | $48K | $25.03M | $12.93M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $2.6M | $0 | $342K | $186K |
| Other Long-Term Liabilities | $97K | $295K | $647K | $241K | $301K | $481K | $17.04M |
| Total Long-Term Liabilities | $13.18M | $298K | $660K | $4.92M | $349K | $25.86M | $30.16M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $129.62M | $103.56M | $83.25M | $59.27M | $74.31M | $81.56M | $72.3M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $642K | $637K | $631K | $622K | $618K | $1K | $1K |
| Retained Earnings | $228.01M | $156.69M | $100.74M | $55.18M | $47.37M | $28.35M | -$4.31M |
| Comprehensive Income & Other | $486K | -$860K | -$649K | -$994K | -$616K | -$18.65M | -$18.99M |
| Other Stockholders' Equity | $102.89M | $101.49M | $101.06M | $85.29M | $75.19M | $73.87M | $78.06M |
| Total Equity | $331.54M | $258.82M | $202.44M | $141.09M | $123.17M | $102.22M | $73.75M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $78K | $46K |
| Total Liabilities and Equity | $461.16M | $362.38M | $285.68M | $200.36M | $197.48M | $183.78M | $146.05M |
| Supplementary Data | |||||||
| Total Debt | $14.82M | $435K | $1.22M | $2.83M | $76K | $25.06M | $16.95M |
| Net Debt | -$182.06M | -$164.23M | -$131.32M | -$16.8M | -$28.61M | -$47.13M | -$19.79M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $71.32M | $55.95M | $46.63M | $7.81M | $18.99M | $32.69M | $9.42M |
| Depreciation & Amortization | $1.07M | $745K | $660K | $1.9M | $2.07M | $2.13M | $2.08M |
| Deferred Income Tax | -$366K | $644K | -$2.38M | -$3.08M | -$1.64M | $6.28M | -$788K |
| Stock-Based Compensation | $10.84M | $8.92M | $9.13M | $7.38M | $3.38M | $1.52M | $2.23M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$18.57M | -$14.17M | -$7.09M | $321K | -$16.92M | $190K | -$4.93M |
| Inventory | -$27.32M | -$32.98M | $33.69M | -$9.33M | -$43.5M | $4.98M | $11.09M |
| Accounts Payable | $11.22M | $15.67M | $24.34M | -$16.78M | $20.5M | $12.71M | -$3.63M |
| Other Working Capital | $130K | -$2.69M | -$622K | -$3.59M | $2.73M | -$16.43M | $3.03M |
| Total Working Capital Change | -$34.54M | -$34.18M | $50.32M | -$29.38M | -$37.19M | $1.45M | $5.56M |
| Other Non-Cash Items | -$1.16M | $10.81M | $2.8M | $4.43M | -$1.77M | -$10.74M | $3.26M |
| Net Cash from Operating | $47.17M | $42.9M | $107.16M | -$10.94M | -$16.17M | $33.32M | $21.77M |
| Investing Activities | |||||||
| Capital Expenditures | -$8.15M | -$974K | -$599K | -$982K | -$557K | -$392K | -$1.01M |
| Acquisitions | -$104K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $5K | $0 | $0 | $17K | $0 |
| Net Cash from Investing | -$8.25M | -$974K | -$594K | -$982K | -$557K | -$375K | -$1.01M |
| Financing Activities | |||||||
| Debt Repaid | $10K | $13K | $23K | $28K | -$17.72M | $16.89M | $3.36M |
| Common Stock Issuance | $3.75M | $3.75M | $7.09M | $3.06M | $30.36M | $0 | $27K |
| Common Stock Repurchases | -$11.27M | -$12.03M | -$773K | $0 | -$50M | -$6.94M | -$37K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $123K | $885K | $6K |
| Net Cash from Financing | -$7.53M | -$8.3M | $6.29M | $3.03M | -$26.8M | $2.05M | -$10.37M |
| Forex Effect | $834K | -$563K | $387K | -$178K | $35K | $443K | $866K |
| Net Change in Cash | $32.22M | $33.07M | $113.24M | -$9.06M | -$43.49M | $35.44M | $11.26M |
| Supplementary Data | |||||||
| Operating Cash Flow | $47.17M | $42.9M | $107.16M | -$10.94M | -$16.17M | $33.32M | $21.77M |
| Capital Expenditure | -$8.15M | -$974K | -$599K | -$982K | -$557K | -$392K | -$1.01M |
| Free Cash Flow | $39.02M | $41.92M | $106.56M | -$11.92M | -$16.72M | $32.93M | $20.76M |
| Cash at Beginning | $165.93M | $132.87M | $19.63M | $28.69M | $72.18M | $36.74M | $25.48M |
| Cash at End | $198.15M | $165.93M | $132.87M | $19.63M | $28.69M | $72.18M | $36.74M |