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MPWRMonolithic Power Systems

Technology · Semiconductors · Nasdaq

Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. 10-K, Item 1

Employees
4,501
Headquarters
West Palm Beach, FL
CEO
Michael Hsing
Next results
around Feb 4, 2027
Compare with peers → Embed
RevenueFY2016–25 $2.8B+26.4% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $621.5M−61.0% FY2024: $1.6B 10-K FY2025 · XBRL Free cash flowFY2016–25 $666.2M+3.7% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 26.1%+1.7 pts 14.0% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 27, 2026 against Mar 3, 2025
AreaWhat changedSource
Risk factors7 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +48.2% vs revenue +26.4% (+21.7 pts)10-K · XBRL
Restatement (8-K item 4.02)8-K item 4.02 (non-reliance on previous financial statements) filed 2026-02-2710-K · XBRL
Material weakness in internal control“Due to this finding of a material weakness, we concluded that our internal control over financial reporting was not effective as of December 31, 2024 and December 31, 2025.”10-K · XBRL
Accounting checks8 other checks clear, 3 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-03. Quoted as filed.

  1. The restatement of our 2024 annual financial statements and our 2025 quarterly financial statements may affect investor confidence and raise reputational issues and may subject us to additional risks and uncertainties, including increased professional costs and the increased possibility of legal proceedings and regulatory inquiries. As…
    10-K, Item 1A
All 7 new paragraphs →

Accounting checks

latest 10-K

8 of 11 clear 3 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +48.2% vs revenue +26.4% (+21.7 pts)
  • !
    Restatement (8-K item 4.02)8-K item 4.02 (non-reliance on previous financial statements) filed 2026-02-27
  • !
    Material weakness in internal control“Due to this finding of a material weakness, we concluded that our internal control over financial reporting was not effective as of December 31, 2024 and December 31, 2025.”
  • ✓
    Cash from operations $838.2M vs net income $621.5M (FY ending 2025-12-31)
  • ✓
    Inventory +34.6% vs revenue +26.4% (+8.1 pts)
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No longer listed: Inventory Valuation. Same as last year: Income Taxes – Realizability of foreign tax incentive
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →
  • Nov 3, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
  • Oct 29, 2026Officer CFO and CAO change On October 27, 2026, the Board of Directors of the Company (“the Board”) appointed Tony Balow, age 56, as Vice President, Chief Financial Officer, effective immediately.

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