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Monster Beverage MNST Monster Energy Drinks — Deferred Revenue Distribution Agreement

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Other financials

Income statement

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Revenue$2.4B+26.9%
Gross profit$1.3B+23.4%
Operating income$730.0M+28.1%
Net income$569.5M+28.6%
EPS (diluted)$0.58+28.9%

Balance sheet

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Cash & equivalents$2.0B+7.2%
Total debt$260.6M+321%
Total equity$8.7B+33.9%
Total assets$10.8B+31.8%

Cash flow

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Operating cash flow$605.0M+19.2%
CapEx$20.6M-29.1%
Free cash flow$584.4M+22.1%

Valuation

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Market cap$92.38B+59.2%
P/E45.5×+8.6×
P/S10.5×+2.9×

Profitability

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Gross margin55.5%+0.8pp
Operating margin29.3%+3.0pp
Net margin23.1%+2.8pp
FCF margin23.6%-0.6pp

Returns & leverage

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Return on equity26.7%+6.7pp
Debt / equity0.0×
Current ratio3.3×-0.1×

Where this comes from

Reported directly by Monster Beverage in its filing.

Tagged under the XBRL concept mnst:DeferredRevenueDistributionAgreement.

The source filing: Monster Beverage’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-057398

In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, or at the inception of certain sales/marketing programs are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective agreement, generally 20 years or program duration, as the case may be. Revenue recognized was $9.9 million for both the three-months ended March 31, 2026 and 2025.

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Monster Beverage's monster energy drinks — deferred revenue distribution agreement?
Monster Beverage (MNST) reported monster energy drinks — deferred revenue distribution agreement of $9.9M in Q1 2026.
How has Monster Beverage's monster energy drinks — deferred revenue distribution agreement changed year-over-year?
Monster Beverage's monster energy drinks — deferred revenue distribution agreement decreased by 0.0% year-over-year, from $9.9M to $9.9M.
What is the long-term trend for Monster Beverage's monster energy drinks — deferred revenue distribution agreement?
Over 4 years (2021 to 2025), Monster Beverage's monster energy drinks — deferred revenue distribution agreement has grown at a -0.9% compound annual growth rate (CAGR), from $41.4M to $40M.
What does monster energy drinks — deferred revenue distribution agreement mean?
This represents payments received from distribution partners or customers for services or products that have not yet been fully earned or delivered under specific distribution contracts. It acts as a liability on the balance sheet that will be recognized as revenue once the contractual obligations are satisfied. This metric is critical for understanding the timing of cash inflows versus revenue recognition in the distribution network.

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