Revenue growth accelerated to 37.3% in 2026Q1, while gross margins recovered to 39.7% as the company successfully navigated logistics-related cost pressures.
| Sales/Revenue | 658.62M | 609.78M | 516.01M | 493.61M | 427.79M | 379.51M | 310.64M | 283.95M |
| Revenue Growth % | 23.05% | 18.17% | 4.54% | 15.39% | 12.72% | 22.17% | 9.4% | - |
| Cost of Goods Sold | 413.65M | 388.26M | 317.23M | 313.54M | 324.43M | 266.37M | 205.79M | 190.96M |
| COGS % of Revenue | - | 63.67% | 61.48% | 63.52% | 75.84% | 70.19% | 66.25% | 67.25% |
| Gross Profit | 244.98M | 221.52M | 198.78M | 180.07M | 103.36M | 113.15M | 104.86M | 92.99M |
| Gross Margin % | 37.2% | 36.33% | 38.52% | 36.48% | 24.16% | 29.81% | 33.76% | 32.75% |
| Gross Profit Growth % | - | 11.44% | 10.39% | 74.21% | -8.65% | 7.91% | 12.77% | - |
| Operating Expenses | 148.16M | 138.85M | 124.96M | 123.58M | 100.31M | 88.56M | 58M | 79.62M |
| OpEx % of Revenue | - | 22.77% | 24.22% | 25.04% | 23.45% | 23.33% | 18.67% | 28.04% |
| Selling, General & Admin | 148.16M | 138.45M | 124.96M | 123.16M | 91.21M | 86.86M | 72.87M | 77.04M |
| SG&A % of Revenue | - | 22.71% | 24.22% | 24.95% | 21.32% | 22.89% | 23.46% | 27.13% |
| Research & Development | 0 | 399K | 398K | 418K | 541K | 477K | 313K | 642K |
| R&D % of Revenue | - | 0.07% | 0.08% | 0.08% | 0.13% | 0.13% | 0.1% | 0.23% |
| Other Operating Expenses | 0 | 0 | -398K | 0 | 8.55M | 1.22M | -15.18M | 1.94M |
| Operating Income | 96.82M | 82.67M | 73.82M | 56.49M | 3.06M | 24.59M | 46.86M | 13.37M |
| Operating Margin % | 14.7% | 13.56% | 14.31% | 11.44% | 0.71% | 6.48% | 15.08% | 4.71% |
| Operating Income Growth % | - | 11.99% | 30.67% | 1749.2% | -87.58% | -47.52% | 250.44% | - |
| EBITDA | 98.17M | 83.74M | 74.56M | 57.15M | 4.96M | 26.66M | 48.98M | 15.45M |
| EBITDA Margin % | 14.9% | 13.73% | 14.45% | 11.58% | 1.16% | 7.02% | 15.77% | 5.44% |
| EBITDA Growth % | 31% | 12.31% | 30.47% | 1053.21% | -81.41% | -45.58% | 216.97% | - |
| D&A (Non-Cash Add-back) | 1.35M | 1.07M | 745K | 660K | 1.9M | 2.07M | 2.13M | 2.08M |
| EBIT | 96.82M | 82.67M | 70.79M | 57.95M | 10.39M | 24.59M | 30.46M | 14.07M |
| Net Interest Income | 6.59M | 6.55M | 6.71M | 2.55M | -207K | -233K | -387K | -938K |
| Interest Income | 6.59M | 6.55M | 6.71M | 2.58M | 51K | 127K | 404K | 225K |
| Interest Expense | 0 | 0 | 0 | 31K | 258K | 360K | 791K | 1.16M |
| Other Income/Expense | 9.23M | 10.3M | -3.03M | 1.43M | 7.79M | -360K | -3.26M | -1.97M |
| Pretax Income | 106.05M | 92.97M | 70.79M | 57.92M | 10.84M | 24.23M | 43.6M | 11.4M |
| Pretax Margin % | 16.1% | 15.25% | 13.72% | 11.73% | 2.53% | 6.38% | 14.04% | 4.02% |
| Income Tax | 23.14M | 21.65M | 14.84M | 11.29M | 3.03M | 5.24M | 10.91M | 1.98M |
| Effective Tax Rate % | 21.82% | 23.29% | 20.96% | 19.49% | 27.92% | 21.61% | 25.03% | 17.36% |
| Net Income | 82.91M | 71.32M | 55.95M | 46.63M | 7.81M | 19.02M | 32.66M | 9.42M |
| Net Margin % | 12.59% | 11.7% | 10.84% | 9.45% | 1.83% | 5.01% | 10.51% | 3.32% |
| Net Income Growth % | 36.83% | 27.47% | 19.99% | 496.74% | -58.91% | -41.78% | 246.82% | - |
| Net Income (Continuing) | 82.91M | 71.32M | 55.95M | 46.63M | 7.81M | 18.99M | 32.69M | 9.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 78K | 46K |
| EPS (Diluted) | 1.37 | 1.19 | 0.94 | 0.79 | 0.14 | 0.34 | 0.59 | 0.17 |
| EPS Growth % | 36.3% | 26.6% | 18.99% | 464.29% | -58.82% | -42.37% | 247.06% | - |
| EPS (Basic) | - | 1.25 | 0.99 | 0.83 | 0.14 | 0.34 | 0.59 | 0.17 |
| Diluted Shares Outstanding | 60.47M | 59.97M | 59.29M | 58.75M | 56.12M | 55.56M | 55.5M | 55.5M |
| Basic Shares Outstanding | 57.11M | 56.91M | 56.73M | 56.43M | 55.73M | 55.56M | 55.5M | 55.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Global logistics cost volatility
As reported in recent financial filings, COCO achieved a significant revenue acceleration to $179.8M in 2026Q1, representing a 37.3% year-over-year growth rate, which suggests that the company's strategic focus on expanding household penetration and multi-pack formats is successfully driving higher volume across its core retail channels.
The sharp uptick in revenue growth during the most recent quarter indicates a potential shift in consumer demand dynamics, moving beyond seasonal fluctuations. Investors should monitor whether this growth trajectory is sustainable or if it reflects temporary inventory loading by retail partners ahead of peak summer demand.
Based on the company's reported figures, gross margins expanded to 39.7% in 2026Q1, reflecting a recovery from the 32.5% trough observed in 2024Q4, which suggests that the normalization of trans-Pacific shipping rates is providing a meaningful tailwind to the company's import-heavy cost structure.
The ability to maintain gross margins near the 40% level implies that the company possesses sufficient pricing power to offset raw material costs. However, the structural reliance on ocean freight remains a primary vulnerability that could compress margins if global shipping lanes face renewed geopolitical or capacity-related disruptions.
According to the income statement data, operating income surged to $33.6M in 2026Q1, demonstrating significant operating leverage as the company scaled revenue faster than its SG&A expenses, which rose to $37.8M compared to $33.9M in the seasonally weaker 2025Q4 period.
The expansion of the operating margin to 18.7% suggests that the company is successfully leveraging its existing distribution infrastructure to support higher volumes. This efficiency gain warrants further investigation into whether management can maintain this disciplined expense profile as they continue to invest in secondary brands like PWR LIFT.
As indicated by the latest quarterly results, net income reached $30.5M with a 17.0% net margin, a notable improvement from the 2.6% margin recorded in 2024Q4, suggesting that the company's earnings quality is benefiting from both top-line expansion and the absence of significant non-operating charges.
While stock-based compensation remains a recurring expense, the current scale of profitability appears to mitigate its dilutive impact on EPS. Investors should continue to scrutinize the relationship between net income and cash flow to ensure that the reported earnings are not being artificially inflated by favorable inventory accounting adjustments.
Quick answers to the most common questions about buying COCO stock.
For fiscal year 2025, The Vita Coco Company, Inc. (COCO) reported total revenue of $609.8M. This represents a 114.7% increase compared to $283.9M in 2019.
The Vita Coco Company, Inc. (COCO) is profitable, generating $71.3M in net income for the fiscal year ending 2025 with a net profit margin of 11.7%.
The Vita Coco Company, Inc. (COCO) reported an operating income of $82.7M, resulting in an operating profit margin of 13.6%. This margin reflects the operational efficiency of the business before interest and taxes.
The Vita Coco Company, Inc. (COCO) generated $221.5M in gross profit for the year, representing a gross profit margin of 36.3%. This demonstrates the company's core pricing power and production efficiency.