Filing Flows › Monster Beverage (MNST) › Q3 2025
Monster Beverage (MNST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Monster Beverage (MNST) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), +17% from a year earlier and +4% from the quarter before. Operating margin was 30.7%, net earnings $524M (23.9% of revenue).
Monster Beverage, Q3 2025: revenue $2.2B (+17% year over year), operating margin 30.7%, net earnings $524M, operating cash flow $745M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +4% | +17% |
| Gross profit | $1.2B | +4% | +22% |
| Operating profit | $675M | +7% | +41% |
| Net earnings | $524M | +7% | +41% |
| Operating cash flow | $745M | +60% | +20% |
| Free cash flow | $702M | +61% | +23% |
What changed
Revenue was $2.2B in Q3 2025, up 17% year over year and up 4% from the previous quarter. Monster Energy Drinks was the largest line at 92% of revenue. Monster Energy Drinks added $0.30B year over year (up 18%), 96% of the total change. Alcohol Brands declined 17%.
Gross margin was 55.7%, up 2.6 points from a year earlier. Operating profit was $0.68B, a 30.7% margin (up 5.2 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 26% margin then. Operating expenses grew 6% against revenue growth of 17%. Net earnings were $0.52B, up 41% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.75B (up 20% year over year), 142% 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 added $0.16B. Capital expenditures of $0.04B left free cash flow of $0.70B.
Questions
What was Monster Beverage's revenue in the third quarter 2025?
Monster Beverage (MNST) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), +17% from a year earlier and +4% from the quarter before.
Was Monster Beverage profitable in the third quarter 2025?
Operating profit was $675M (30.7% of revenue) and net earnings $524M.
Source: Monster Beverage 10-Q on SEC EDGAR.