Filing Flows › Monster Beverage (MNST) › Q2 2025
Monster Beverage (MNST) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Monster Beverage (MNST) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +14% from the quarter before. Operating margin was 29.9%, net earnings $489M (23.1% of revenue).
Monster Beverage, Q2 2025: revenue $2.1B (+11% year over year), operating margin 29.9%, net earnings $489M, operating cash flow $466M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +14% | +11% |
| Gross profit | $1.2B | +12% | +15% |
| Operating profit | $632M | +11% | +20% |
| Net earnings | $489M | +10% | +15% |
| Operating cash flow | $466M | -8% | +7% |
| Free cash flow | $435M | -9% | +15% |
What changed
Revenue was $2.1B in Q2 2025, up 11% year over year and up 14% from the previous quarter. Monster Energy Drinks was the largest line at 92% of revenue. Monster Energy Drinks added $0.19B year over year (up 11%), 92% of the total change. Alcohol Brands declined 9%.
Gross margin was 55.7%, up 2.1 points from a year earlier. Operating profit was $0.63B, a 29.9% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 28% margin then. Operating expenses grew 11% against revenue growth of 11%. Net earnings were $0.49B, up 15% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.47B (up 7% year over year), 95% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.03B left free cash flow of $0.43B.
Questions
What was Monster Beverage's revenue in the second quarter 2025?
Monster Beverage (MNST) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +14% from the quarter before.
Was Monster Beverage profitable in the second quarter 2025?
Operating profit was $632M (29.9% of revenue) and net earnings $489M.
Source: Monster Beverage 10-Q on SEC EDGAR.