MNST at a glance
Monster Beverage (MNST, SEC CIK 865752) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 25, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Monster Beverage (MNST) reported revenue of $8.3 billion (up 10.7% from FY2024) and net income of $1.9 billion.
- As of June 30, 2026, 48 institutional investment managers tracked by SignalX reported holding Monster Beverage (MNST) shares worth $29.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Carling Guy on June 10, 2026 of 19,000 shares at $90.90 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $8.3B
- +10.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 48 funds
- $29.2B · +4 vs prior quarter
- Latest 8-K
- Sep 25, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Concentrated TCCC dependency: all U.S. energy drink distribution routed through TCCC network; TCCC holds ~20.9% equity stake, blocking takeover unless 62.5% of non-TCCC shares align
- Tariff exposure on aluminum and imported goods: U.S. raised steel/aluminum tariffs and imposed broad import tariffs; Monster cannot always pass cost increases to customers
- International revenue ~41% of consolidated net sales in 2025, exposed to FX losses of $11.9M in 2025 and retaliatory trade measures in key markets
- Named competitors PepsiCo (distribution deal with Celsius, Aug 2022), PRIME, Alani Nu, GHOST threatening shelf space and market share in core energy drink category
- Alcohol Brands segment recorded $38.4M finite-lived intangible impairment and $15.3M property/equipment impairment in 2025; goodwill totals $1.33B at risk of further write-downs
Business Overview
- Energy drink developer/marketer operating via TCCC distribution network; sells ready-to-drink cans and concentrates across 4 segments: Monster Energy, Strategic Brands, Alcohol Brands, and Other
- 29 new SKUs launched in 2025 spanning energy and alcohol categories; notably Blind Lemon FMB line expanded to 4 flavors and Blinder Lemon added 2 new flavors
- International sales grew to $3.44B in 2025 vs $2.96B in 2024 (+16% YoY); international bottlers/distributors now 43% of gross billings vs 41% in 2024, overtaking domestic share trajectory
- 6,891 total employees across 80 countries as of Dec 31, 2025; sales/marketing headcount dominates at 4,555 of total workforce
- Heightened regulatory pressure notable this filing: West Virginia banned 9 color additives/preservatives (now enjoined), Texas enacted ingredient warning labels, Lancaster CA imposed under-18 energy drink sales ban, and Mexico reformed IEPS to tax all flavored drinks with any sugar/sweetener
Management Discussion & Analysis
- Net sales $8.29B, up $801.6M (+10.7% YoY); Monster Energy® Drinks segment led at $7.67B (+11.7%), Alcohol Brands worst at $134.7M (-21.8%)
- Gross margin 55.8% vs 54.0%; operating margin 29.2% vs 25.8%; driven by Pricing Actions and supply chain optimization, partially offset by higher promotional allowances
- Net income $1.91B (+26.3% YoY); operating income $2.42B (+25.3%); promotional allowances surged to $1.57B (+22.6%), reaching 16.0% of gross billings vs 14.7%
- Operating cash flow $2.10B vs $1.93B; working capital $3.91B vs $2.54B; capex guided below $250M for 2026; stock repurchases and investment purchases remain primary capital uses
- Key risks: tariff impact, potential SNAP/energy drink sales restrictions, U.S. policy scrutiny on ingredients, FX headwinds (~$3.0M unfavorable in 2025), and ongoing Alcohol Brands losses ($73.3M ex-impairment)
AI summary of the MNST 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $2.54B, up 20.2% YoY from $2.11B
- Operating margin 29.2% vs 29.9%; gross margin 55.9% vs 55.7%
- Best segment Monster Energy Drinks: $2.36B revenue, up 21.6%; worst Alcohol Brands: $32.2M, down 15.2%
- Energy drink case sales 304.9M, up 22.3%; alcohol case sales 2.3M, down 16.1%
- Headwinds: aluminum can, freight-in costs, geographical mix, and operating expenses at 26.8% vs 25.8%
Risk Factors
- Risk Factors section not provided; supplied text covers Items 2–6
- New May 2026 repurchase authorization: additional $500.0 million
- Capital-allocation risk: $900.0 million remaining under authorized repurchase plans as of August 5, 2026
- Equity-compliance disclosure: 1,358 shares purchased for employee option exercises or tax withholding
- Trading-compliance activity: no directors or officers adopted, modified, or terminated Rule 10b5-1 arrangements during the quarter
AI summary of the MNST 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO Americas Rob Gehring resigning November 30, 2026 to become TCCC North America president
- Leadership transition to key distribution partner TCCC creates potential relationship and execution implications
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Matthew S. Burroughs appointed Chief Accounting Officer and Deputy CFO effective September 3, 2026
- Internal promotion after nearly 20 years at Monster, with experience across accounting, SEC reporting, tax, treasury, and investor relations
Item 2.02: Results of Operations and Financial Condition
- Q2 FY2026 results covered quarter ended June 30, 2026
- Press release furnished as Exhibit 99.1 with headline financial results
Item EX-99.1: Item EX-99.1
- Q2 net sales rose 20.2% to $2.54B, with FX-neutral growth still strong at 17.9%
- Monster Energy Drinks sales increased 21.6% to $2.36B, driving core business momentum
Item 7.01: Regulation FD Disclosure
- Investor presentation furnished as Exhibit 99.2, covering scanner data for Q2 ended June 30, 2026
- Scanner data may provide current retail sales trends and competitive insights beyond reported financial results
AI summaries of MNST 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MNST
Don't miss the next MNST filing
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- Fund moves. Which tracked funds opened, added or cut MNST, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SCHLOSBERG HILTON H | G | Sep 14, 2026 | 1,690 | - |
| Gehring Rob L. | F | Sep 3, 2026 | 8,760 | $44.08 |
| Gehring Rob L. | M | Sep 3, 2026 | 20,000 | - |
| Gehring Rob L. | M | Sep 3, 2026 | 20,000 | - |
| JACKSON JEANNE P | A | Jul 8, 2026 | 302 | $95.15 |
| Demel Ana | A | Jul 8, 2026 | 243 | $95.15 |
| Hall Tiffany M. | A | Jul 8, 2026 | 122 | $95.15 |
| Carling Guy | Sell | Jun 10, 2026 | 19,000 | $90.90 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $7.1B | $7.5B | $8.3B |
| Gross Profit | - | $4.0B | $4.6B |
| Operating Income | $2.0B | $1.9B | $2.4B |
| Net Income | $1.6B | $1.5B | $1.9B |
| Gross Margin | - | 54.0% | 55.8% |
| Op. Margin | 27.4% | 25.8% | 29.2% |
| Net Margin | 22.8% | 20.1% | 23.0% |
| Balance Sheet | |||
| Total Assets | - | $7.7B | $10.0B |
| Equity | - | $6.0B | $8.3B |
| ROE | - | 25.3% | 23.1% |
| Cash Flow | |||
| Operating CF | - | $1.9B | $2.1B |
| CapEx | $221.4M | $264.1M | $132.3M |
Source: XBRL data in Monster Beverage (MNST)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate MNST share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 48 | $29.22B |
| Q1 2026 | 44 | $22.11B |
| Q4 2025 | 42 | $22.04B |
| Q3 2025 | 43 | $18.70B |
| Q2 2025 | 41 | $17.10B |
| Q1 2025 | 40 | $12.87B |
| Q4 2024 | 33 | $9.11B |
| Q3 2024 | 29 | $3.99B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 320 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MNST filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 25, 2026 | - | Analysis | - |
| 4 | Sep 16, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 8-K | Sep 4, 2026 | - | Analysis | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jul 10, 2026 | - | - | - |
| 4 | Jul 10, 2026 | - | - | - |
| 4 | Jul 10, 2026 | - | - | - |
| 8-K | Jul 8, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 4, 2026 | - | Analysis | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - |
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MNST SEC filings: frequently asked questions
Which institutions hold MNST stock?
As of June 30, 2026, the largest Monster Beverage (MNST) holders among the 13F filers tracked by SignalX were BlackRock ($5.8 billion), Vanguard Capital Management LLC ($4.4 billion), State Street Corp ($3.5 billion), Invesco Ltd ($3.1 billion), JPMorgan Chase & Co ($2.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MNST's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Monster Beverage (MNST) reported revenue of $8.3 billion (up 10.7% from FY2024) and net income of $1.9 billion. The figures come from the XBRL data in the 10-K.
What are the main risks in MNST's latest 10-K?
In the 10-K filed February 27, 2026, Monster Beverage (MNST) flagged: Concentrated TCCC dependency: all U.S. energy drink distribution routed through TCCC network; TCCC holds ~20.9% equity stake, blocking takeover unless 62.5% of non-TCCC shares align. Tariff exposure on aluminum and imported goods: U.S. raised steel/aluminum tariffs and imposed broad import tariffs; Monster cannot always pass cost increases to customers. (AI summary of the Risk Factors section.)
What did MNST report in its latest 8-K?
Monster Beverage (MNST) filed an 8-K on September 25, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). CEO Americas Rob Gehring resigning November 30, 2026 to become TCCC North America president.
What are the latest MNST SEC filings?
Monster Beverage (MNST) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 25, 2026 and a Form 4 insider filing on September 16, 2026.
What is MNST's SEC CIK number?
Monster Beverage (MNST)'s SEC Central Index Key (CIK) is 865752. EDGAR lists every MNST filing under that number.
Ask anything about MNST
The research agent reads MNST's filings, financials, insider trades and 13F holders, then answers with sources.