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The Vita Coco Company, Inc. logo

The Vita Coco Company, Inc.

vitacoco.com

What Do They Do?

Sells branded coconut water and other plant-based drinks, plus private-label coconut water and oil, to retailers, distributors and consumers.

How Do They Make Money?

Vita Coco Coconut Water and other products are sold to customers, who pay when they receive them. Private Label customers pay as products are made for open purchase orders, sometimes before shipment.

revenue
SegmentShareRevenue
Vita Coco Coconut Water
Sold outright

81%
FY2022: 74%
Private Label
Sold outright

15%
FY2022: 24%
Other
Sold outright
4.1%
FY2022: 2.9%

Who Are Their Customers?

Customers are beverage wholesalers and retailers. Sales go through delivery networks, broadline distributors and Vita Coco’s direct-to-consumer channel in North America; international markets also use direct retailer sales, importers and distributors.

Do Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.

Operating income, FY2025
14% of revenue
▲ +12% vs FY2024 ($73.8M, 14%)
Net income, FY2025
12% of revenue
▲ +27% vs FY2024 ($56M, 11%)
Free cash flow, FY2025
6% of revenue
▼ −7% vs FY2024 ($41.9M, 8%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Sep 30, 2026
Revenue
▲ +34%
vs $182.3M in Q3 FY2025
Net income
▲ +46%
vs $24M in Q3 FY2025
Vita Coco Coconut Water share of revenue vs 84.7% in Q3 FY2025
  • Jul 23, 2026 Raised full-year 2026 guidance Raised 2026 net sales guidance to $790 million–$805 million and adjusted EBITDA guidance to $154 million–$161 million.
  • Jul 22, 2026 Acquired Copra, a Thai coconut-water producer Copra produces super-premium Thai Nam Hom coconut water and has a factory in Thailand.

Growing. Revenue grew 61% in 4 years, from $379.5M in FY2021 to $609.8M in FY2025, about 13% a year.

Ended two beverage brands The older report included Runa and Ever & Ever in the active brand portfolio; the latest says Vita Coco stopped offering Runa and ceased Ever & Ever production.

Changed PWR LIFT's retail approach The older report described market tests and planned retail expansion; the latest centers PWR LIFT sales on online channels while it reworks its retail approach.

Added coconut-based offerings The latest portfolio description includes Vita Coco Treats and Extra Coconut alongside coconut water and plant-based offerings, beyond the products named in the older report.

Revenue over time
Vita Coco Coconut Water Private Label Other
$1B$500M$0

Who Do They Compete With?

Competes with The Coca-Cola, PepsiCo, Nestlé, Goya, Harmless Harvest, Zico, and C20

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