Filing Flows › Vita Coco Company (COCO) › How it makes money
How Vita Coco Company (COCO) makes money
Vita Coco Company (COCO) made $244M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Vita Coco Coconut Water brought in $178M (73%); Private Label brought in $56.8M (23%); Other brought in $9.4M (4%). Of every dollar of revenue, 38¢ was left as gross profit, 19¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Vita Coco Coconut Water | $178M | 72.9% | +5% | +15% |
| Private Label | $56.8M | 23.3% | +49% | +152% |
| Other | $9.4M | 3.9% | +14% | +73% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $244M | 100.0% |
| Cost of revenue | $151M | 62.0% |
| Gross profit | $92.7M | 38.0% |
| Operating expenses | $47.2M | 19.4% |
| Operating profit | $45.5M | 18.6% |
| Income tax | $8.6M | 3.5% |
| Net earnings | $35.0M | 14.4% |
| Operating cash flow | $55.4M | 22.7% |
| Free cash flow | $55.2M | 22.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $244M | +34% |
| Q2 2026 | $216M | +28% |
| Q1 2026 | $180M | +37% |
| Q4 2025 | $128M | +0.4% |
| Q3 2025 | $182M | +37% |
| Q2 2025 | $169M | +17% |
| Q1 2025 | $131M | +17% |
From Vita Coco Company's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Vita Coco Company make money?
Vita Coco Company (COCO) made $244M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Vita Coco Coconut Water brought in $178M (73%); Private Label brought in $56.8M (23%); Other brought in $9.4M (4%). Of every dollar of revenue, 38¢ was left as gross profit, 19¢ was left as operating profit, 14¢ was left as net earnings.
What is Vita Coco Company's biggest business?
Vita Coco Coconut Water: $178M in the third quarter 2026, 73% of revenue, +15% from a year earlier.
What is Vita Coco Company's profit margin?
Net earnings were $35.0M, 14.4% of revenue, in the third quarter 2026; the operating margin was 18.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.