Analysis of Revenues
Revenues as Reported
Monolithic Power Systems Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,207,100) | 1,821,072) | 1,794,148) | 1,207,798) | 844,452) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Revenue Growth
- The reported revenue demonstrates a consistent and significant upward trend over the five-year period. Starting at approximately $844 million in 2020, revenue increased to roughly $1.21 billion in 2021, representing an approximate 43% growth year-over-year.
- From 2021 to 2022, revenue exhibited an even more substantial increase, rising to about $1.79 billion. This corresponds to nearly a 49% increase, indicating accelerated growth compared to the previous year.
- Between 2022 and 2023, the pace of growth slowed, with revenue moving from approximately $1.79 billion to $1.82 billion, a modest increase of around 1.5%. This deceleration may suggest market saturation, increased competition, or macroeconomic factors impacting performance.
- In the most recent period ending 2024, revenue rebounded strongly to approximately $2.21 billion. This increase of about 21% signifies a significant recovery and a return to more robust growth rates.
- Overall Observation
- Over the five-year horizon, the company’s revenue more than doubled, underscoring strong demand for its products or services and effective operational execution. Despite a temporary slowdown in growth during 2023, the subsequent rebound in 2024 suggests resilience and positive momentum moving forward.