Below are the financial statements of Monolithic Power Systems, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 2,207.1a | 1,821.07a | 1,794.15a |
| Cost of revenue | -986.23a | -799.95a | -745.6a |
| Gross profit | 1,220.87a | 1,021.12a | 1,048.55a |
| Operating expenses | — | — | — |
| Research and development | -324.75a | -263.64a | -240.17a |
| Selling, general and administrative | -356.76a | -275.74a | -281.6a |
| Total operating expenses | -681.51a | -539.38a | -521.77a |
| Operating income | 539.36a | 481.74a | 526.79a |
| Other income (expense), net | 33.55a | 24.11a | -1.85a |
| Income before income taxes | 572.91a | 505.84a | 524.94a |
| Income tax expense (benefit), net | -1,213.79a | -78.47a | -87.27a |
| Net income | 1,786.7a | 427.37a | 437.67a |
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