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COCO

The Vita Coco Company, Inc.

COCO

The Vita Coco Company, Inc. • NASDAQ
$53.41 ▼ -0.78% (-0.42)
Market Cap $3.04 B
52w High $54.23
52w Low $25.79
Dividend Yield 0%
P/E 46.44
Volume 526.56K
Outstanding Shares 56.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $182.313M ▲ $40.745M ▲ $24.003M ▲ 13.166% ▼ $0.42 ▲ $30.907M ▲
Q2-2025 $168.759M ▲ $36.143M ▲ $22.908M ▲ 13.574% ▼ $0.4 ▲ $25.328M ▲
Q1-2025 $130.921M ▲ $28.792M ▼ $18.882M ▲ 14.422% ▲ $0.33 ▲ $19.495M ▲
Q4-2024 $127.293M ▼ $37.022M ▲ $3.37M ▼ 2.647% ▼ $0.059 ▼ $4.49M ▼
Q3-2024 $132.906M $30.967M $19.251M 14.485% $0.34 $25.809M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $203.705M ▲ $461.294M ▲ $137.561M ▲ $323.733M ▲
Q2-2025 $168.315M ▲ $421.077M ▲ $124.138M ▲ $296.939M ▲
Q1-2025 $153.608M ▼ $383.969M ▲ $106.111M ▲ $277.858M ▲
Q4-2024 $164.669M ▲ $362.381M ▲ $103.564M ▲ $258.817M ▲
Q3-2024 $156.706M $353.147M $101.027M $252.12M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $24.003M ▲ $39.059M ▲ $-3.413M ▼ $1.15M ▲ $36.668M ▲ $35.646M ▲
Q2-2025 $22.908M ▲ $21.81M ▲ $-949K ▼ $-7.982M ▼ $13.439M ▲ $20.861M ▲
Q1-2025 $18.882M ▲ $-9.8M ▼ $-559K ▼ $-1.099M ▼ $-11.057M ▼ $-10.359M ▼
Q4-2024 $3.37M ▼ $6.922M ▼ $-125K ▲ $2.068M ▲ $7.969M ▲ $6.797M ▼
Q3-2024 $19.251M $9.325M $-435K $-1.802M $7.527M $8.89M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Private Label
Private Label
 $30.00M ▲$30.00M ▲$20.00M ▼$20.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Vita Coco Coconut Water
Vita Coco Coconut Water
 $90.00M ▲$100.00M ▲$140.00M ▲$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Vita Coco shows a clear story of growth and improving profitability. Sales have risen steadily each year, and profits have expanded faster than revenue, which suggests better pricing, mix, or cost control. There was a soft patch a few years ago when margins were squeezed, but the business has since rebounded with much healthier operating and net income. Earnings per share have climbed meaningfully more recently, indicating stronger profitability per share after the initial post‑IPO period. Overall, the income statement reflects a branded consumer company moving from “emerging niche” toward a more mature, consistently profitable profile, though still exposed to input cost swings and category competition.

Balance Sheet

Balance Sheet The balance sheet looks clean and conservative. Assets have grown gradually, driven mainly by cash rather than heavy investment in factories or equipment, which fits an asset‑light model. The company has effectively eliminated financial debt and grown its equity base over time, which points to a stronger cushion to absorb shocks. High cash levels relative to total assets give Vita Coco flexibility to manage volatility in supply, freight, or consumer demand without relying on lenders. The flip side is that returns will depend more on how wisely that cash and balance sheet strength are used rather than on financial leverage.

Cash Flow

Cash Flow Cash flow has improved from a choppier, occasionally negative profile to a more consistently positive one in recent years. Earlier, the company was profitable on paper but sometimes consumed cash, likely due to working capital swings as it scaled. More recently, operating cash flow has been solidly positive, and with minimal capital spending needs, most of that converts directly into free cash flow. This is a hallmark of an asset‑light consumer brand. The main watchpoint is that cash generation can still be affected by inventory builds, receivables, and commodity moves, even if reported earnings look stable.

Competitive Edge

Competitive Edge Vita Coco holds a leading position in packaged coconut water, with strong brand recognition and first‑mover advantage in key markets like the U.S. and U.K. Its moat is supported by three pillars: a well‑known brand, deep retailer relationships, and a diversified, hard‑to‑replicate supply chain spanning multiple countries. Long‑standing partnerships and some exclusive arrangements with manufacturers raise the barrier for newcomers. At the same time, the broader beverage space is intensely competitive, with large global players able to launch rival products and outspend on marketing. Vita Coco’s challenge is to keep its brand culturally relevant, defend shelf space, and avoid over‑reliance on a single niche category as tastes evolve.

Innovation and R&D

Innovation and R&D Innovation at Vita Coco is less about lab-heavy research and more about smart supply chain design, data use, and portfolio expansion. The company runs an asset‑light production model and uses advanced planning tools, including a “digital twin” of its supply chain, to manage global sourcing and logistics more efficiently. It has invested in data integration to better understand customers and products, which can sharpen decisions on pricing, promotion, and inventory. On the product side, it is moving beyond plain coconut water into indulgent plant‑based drinks, protein-infused offerings, sustainable packaged water, and even ready‑to‑drink cocktails through partnerships. Future growth will depend on how well it executes these extensions and potential acquisitions without diluting the core brand or overcomplicating its lineup.

Summary

Vita Coco has evolved from a fast-growing niche beverage brand into a more balanced business with steady revenue growth, improving margins, and a strong, debt‑free balance sheet. Its asset‑light model and healthy cash position provide flexibility and support robust free cash generation, while its brand strength and supply chain capabilities give it a meaningful edge in coconut water and adjacent categories. Key opportunities lie in expanding internationally, broadening its product portfolio, and further leveraging data and technology to manage costs and complexity. Key risks include intense beverage competition, shifts in consumer preferences, and ongoing exposure to agricultural and freight cost volatility. Overall, the company appears to combine a defensible competitive position with operational discipline, but its long-term trajectory will depend on continued execution in innovation, marketing, and global expansion.

NEWS

November 17, 2025 · 7:00 AM UTC

The Vita Coco Company Issues Statement Regarding Tariff Relief

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October 15, 2025 · 8:00 AM UTC

The Vita Coco Company to Report Third Quarter 2025 Financial Results on October 29, 2025

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September 30, 2025 · 9:15 AM UTC

Vita Coco Brings Its “Seedlings for Sustainability” Initiative to Life with "The Supporting Farmers Market" Experience

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September 4, 2025 · 9:00 AM UTC

Introducing Major League Hydration by Vita Coco™, a community of athletes who are picking The Better Fitness Fuel™

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