Income StatementBalance SheetCash FlowSegments
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Monolithic Power Systems Cash Flow Statement

Operating, investing, and financing cash movements

Monolithic Power Systems generated $838.2M in operating cash flow over the trailing twelve months. After $172.0M in capital expenditures, free cash flow was $666.2M. Free cash flow increased 0.0% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$838.2MNet Cash From Investing (TTM)-$157.3MNet Cash From Financing (TTM)-$285.9MCapital Expenditures (TTM)$172.0MDepreciation And Amortization (TTM)$52.5MNet Change In Cash (TTM)$407.6M
Latest FilingQ4 2025
Report Date2026-02-27
Market Cap$79.3B
P/E Ratio127.59
ROE18.61%

Investing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Acquisitions, net of cash acquired$0.0$0.0-$0.0-$0.0-$0.0-$0.0
Capital expenditures$33.8M$64.8M$40.3M$48.1M$42.5M$41.0M
Payments to acquire equipment on lease$4.5M$4.5M$732.0K$732.0K$732.0K$732.0K
Net cash from investing activities-$26.8M$519.2M-$257.5M-$15.8M$127.6M-$11.6M
Payments to Acquire Short-Term Investments$351.8M$141.3M$357.6M$35.4M$2.5M$1.9M
Proceeds From Sale Of Short Term Investments$359.3M$728.3M$141.1M$70.2M$173.4M$34.9M

Supplemental

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Capital expenditures incurred but not yet paid$2.1M$12.7M$14.6M-$8.5M$5.6M$2.8M
Income Taxes Paid, Net$24.6M$20.9M-$218.0K$17.2M$5.0M$73.1M

Operating

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Change in accounts payable$13.5M—$21.3M$15.3M-$2.7M$7.3M
Change in income taxes payable/receivable$5.9M$0.0$21.5M$12.3M$19.9M—
Change in inventories-$1.8M—$35.2M$35.8M$15.0M$59.0M
Change in receivables$6.8M—$42.3M-$20.1M$46.8M$14.0M
Deferred income taxes-$777.0K-$1.3B$8.4M$8.6M$9.7M$13.0M
Depreciation and amortization$9.4M$10.0M$11.4M$13.1M$13.7M$14.2M
Net cash from operating activities$231.7M$167.7M$256.4M$237.6M$239.3M$104.9M
Net income$144.4M$1.4B$135.1M$135.0M$179.8M$171.7M
Stock-based compensation$51.4M$56.0M$52.8M$60.1M$60.7M$53.9M
Accretion (Amortization) of Discounts and Premiums, Investments$6.6M$3.5M$768.0K$2.1M$1.0M$209.0K
Accrued compensation and employee benefits$16.1M—$10.6M$5.0M$18.3M—
Accrued liabilities$10.1M—-$4.6M$7.5M$18.7M—
Increase (Decrease) in Other Operating Assets$2.8M$0.0-$78.0M-$5.4M$10.2M—
Other Noncash Income (Expense)$27.0K—-$20.0K-$9.0K$419.0K$347.0K

Financing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Dividends paid$61.2M$61.9M$60.0M$75.1M$74.9M$74.8M
Net cash from financing activities-$63.2M-$685.4M-$55.9M-$79.4M-$73.2M-$77.3M
Proceeds from issuance of common stock relating to employee stock plans$4.1M$0.0$5.3M$0.0$3.9M$0.0

Free Cash Flow

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Free cash flow$197.9M$102.9M$216.0M$189.5M$196.8M$63.9M

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Effect of exchange rate changes on cash$8.2M-$10.0M$2.6M$7.6M$276.0K$2.1M
Net increase (decrease) in cash$149.9M$0.0-$54.5M$150.0M$293.9M$18.1M
Contributions Made To Deferred Compensation Plan$455.0K$3.0M$575.0K$440.0K$282.0K$3.2M
Gain Loss On Deferred Compensation Plan Investments Cash Flow$3.9M$220.0K-$1.4M$5.6M$3.8M$2.0M
Payments For Repurchase Of Common Stock Including Excise Tax$159.1M$159.1M$1.9M$1.9M$1.9M$1.9M