Filing Flows › Vita Coco Company (COCO) › Q1 2025
Vita Coco Company (COCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Vita Coco Company (COCO) reported revenue of $131M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +3% from the quarter before. Operating margin was 14.7%, net earnings $18.9M (14.4% of revenue).
Vita Coco Company, Q1 2025: revenue $131M (+17% year over year), operating margin 14.7%, net earnings $18.9M, operating cash flow −$9.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $131M | +3% | +17% |
| Gross profit | $48.1M | +16% | +2% |
| Operating profit | $19.3M | +350% | +2% |
| Net earnings | $18.9M | +460% | +33% |
| Operating cash flow | −$9.8M | — | — |
What changed
Revenue was $130.9M in Q1 2025, up 17% year over year and up 3% from the previous quarter. Vita Coco Coconut Water was the largest line at 76% of revenue. Vita Coco Coconut Water added $20.1M year over year (up 25%), 105% of the total change. Private Label declined 12%.
Gross margin was 36.7%, down 5.5 points from a year earlier. Operating profit was $19.3M, a 14.7% margin (down 2.2 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 17% margin then. Operating expenses grew 2% against revenue growth of 17%. Net earnings were $18.9M, up 33% year over year. The effective tax rate was 22.5%. Non-operating items added $5.1M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.8M. Non-cash charges added back $202K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $31.1M. Capital expenditures of $559K exceeded it, leaving free cash flow of −$10.4M.
Questions
What was Vita Coco Company's revenue in the first quarter 2025?
Vita Coco Company (COCO) reported revenue of $131M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +3% from the quarter before.
Was Vita Coco Company profitable in the first quarter 2025?
Operating profit was $19.3M (14.7% of revenue) and net earnings $18.9M.
Source: Vita Coco Company 10-Q on SEC EDGAR.