Filing Flows › Vita Coco Company (COCO) › Q1 2026
Vita Coco Company (COCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Vita Coco Company (COCO) reported revenue of $180M for the first quarter 2026 (Q1 2026), +37% from a year earlier and +41% from the quarter before. Operating margin was 18.7%, net earnings $30.5M (17.0% of revenue).
Vita Coco Company, Q1 2026: revenue $180M (+37% year over year), operating margin 18.7%, net earnings $30.5M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +41% | +37% |
| Gross profit | $71.8M | +61% | +49% |
| Operating profit | $33.6M | +229% | +74% |
| Net earnings | $30.5M | +451% | +61% |
| Operating cash flow | $15.6M | — | — |
| Free cash flow | $15.1M | — | — |
What changed
Revenue was $179.8M in Q1 2026, up 37% year over year and up 41% from the previous quarter. Vita Coco Coconut Water was the largest line at 78% of revenue. Vita Coco Coconut Water added $41.3M year over year (up 42%), 84% of the total change.
Gross margin was 39.9%, up 3.2 points from Q1 2025. Operating profit was $33.6M, a 18.7% margin (up 3.9 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 15% margin then. Operating expenses grew 33% against revenue growth of 37%. Net earnings were $30.5M, up 61% year over year. The effective tax rate was 18.6%.
Operating cash flow was $15.6M, 51% of net earnings. Non-cash charges added back $476K of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $20.0M. Capital expenditures of $461K left free cash flow of $15.1M.
Questions
What was Vita Coco Company's revenue in the first quarter 2026?
Vita Coco Company (COCO) reported revenue of $180M for the first quarter 2026 (Q1 2026), +37% from a year earlier and +41% from the quarter before.
Was Vita Coco Company profitable in the first quarter 2026?
Operating profit was $33.6M (18.7% of revenue) and net earnings $30.5M.
Source: Vita Coco Company 10-Q on SEC EDGAR.