Filing Flows › Vita Coco Company (COCO) › Q2 2026 › vs Q1 2026
Vita Coco Company (COCO) Q2 2026 vs Q1 2026 (quarter over quarter)
Vita Coco Company's revenue rose $36.4M (+20%) from $180M in Q1 2026 to $216M in Q2 2026. The biggest changes: Vita Coco Coconut Water +$29.1M (+21%); Private Label +$5.0M (+15%); Other +$2.3M (+38%). Gross margin 48.7% against 39.9% (+8.8 pts).
Vita Coco Company, Q2 2026: revenue $216M (+28% year over year), operating margin 29.2%, net earnings $49.5M, operating cash flow $80.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.7% | 39.9% | +8.8 pts |
| Operating margin | 29.2% | 18.7% | +10.5 pts |
| Net margin | 22.9% | 17.0% | +5.9 pts |
| Free cash flow margin | 37.4% | 8.4% | +28.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Vita Coco Coconut Water | $170M | $141M | $29.1M | +21% |
| Private Label | $38.2M | $33.2M | $5.0M | +15% |
| Other | $8.2M | $6.0M | $2.3M | +38% |
| Revenue | $216M | $180M | $36.4M | +20% |
| Gross profit | $105M | $71.8M | $33.5M | +47% |
| Cost of revenue | $111M | $108M | $2.9M | +3% |
| Other income, net | $1.2M | $3.9M | −$2.6M | -68% |
| Operating profit | $63.1M | $33.6M | $29.6M | +88% |
| Operating expenses | $42.2M | $38.2M | $3.9M | +10% |
| Pre-tax earnings | $64.4M | $37.4M | $26.9M | +72% |
| Net earnings | $49.5M | $30.5M | $19.0M | +62% |
| Income tax | $14.9M | $7.0M | $7.9M | +114% |
| Depreciation & amortization | $489K | $476K | $13K | +3% |
| Share-based compensation | $3.6M | $4.6M | −$1.0M | -22% |
| Working capital & other | $27.4M | −$20.0M | $47.4M | — |
| Operating cash flow | $80.9M | $15.6M | $65.3M | +419% |
| Free cash flow (OCF − capex) | $80.8M | $15.1M | $65.6M | +434% |
| Capital expenditures | $151K | $461K | −$310K | -67% |
Questions
How much did Vita Coco Company's revenue grow quarter over quarter in Q2 2026?
Vita Coco Company's revenue rose $36.4M (+20%) from $180M in Q1 2026 to $216M in Q2 2026.
What drove Vita Coco Company's revenue change in Q2 2026?
Vita Coco Coconut Water +$29.1M (+21%); Private Label +$5.0M (+15%); Other +$2.3M (+38%).