Vita Coco COCO

Nasdaq · Beverages · $3.8B

$63.63−2.81%Nov 5 close · Databento

Every report since 2023 →

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COCO Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $63.631D −2.81%3M +1.35%SMA20 $58.86SMA50 $57.32RSI(14) 60.7

63.63

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 60.7

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$3.8B

EV / True FCF126.3x

Revenue$609.8M +18.2%

True FCF (ex-SBC)$28.2M −6.9%

Rule of 4024.6%

ROIC47.5%

True FCF Yield0.7%

EPS, diluted$1.19 +26.6%

Modern Valuation (EOD)

Market Cap$3.8B

Enterprise Value$3.6B

EV / True FCF126.31

EV / FCF91.21

EV / Gross Profit15.99

EV / EBIT43.13

EV / Sales5.84

P / E (GAAP)51.71

P / FCF96.29

P / Oper. CF79.66

P / Book11.33

Owner & Cash Yields

True FCF Yield0.7%

FCF Yield1.0%

Owner Earn. Yield1.5%

Earnings Yield1.9%

Shareholder Yield0.0%

Buyback Yield0.3%

Dividend Yield—

Dividend / sh—

Payout Ratio—

FCF / sh$0.68

EPS (diluted)$1.19

Compounder & Returns

Rule of 4024.6%

ROIC47.5%

Cash ROIC (CROIC)29.3%

GP / Assets48.3%

ROE21.9%

ROA15.8%

Gross Margin36.5%

Oper. Margin13.5%

Net Margin11.9%

FCF Margin6.4%

True FCF Margin4.6%

Quality & Dilution

Cash Conversion54%

Accrual Ratio+5.5%

SBC % of FCF27.8%

SBC % of Rev1.8%

Reinvest. Rate18%

Sales Growth Y/Y+18.2%

Sales 3Y CAGR+12.5%

EPS Growth Y/Y+26.6%

FCF Growth Y/Y−6.9%

FCF 3Y CAGR—

Share Change Y/Y+1.1%

Balance Sheet & Scale

Revenue (FY)$609.8M

Gross Profit (FY)$222.6M

Oper. Income (FY)$82.5M

GAAP Net Income$72.7M

True FCF (ex-SBC)$28.2M

Cash & Equiv$198.2M

Total Debt—

Net Cash (Debt)$198.2M

Net Cash % MCap+5.3%

Debt / FCF (yrs)—

Current Ratio3.6257.06M sh

Price & Technicals (EOD)

Perf Week+13.08%

Perf Month+25.63%

Perf Quarter+2.22%

Perf Half Y−6.71%

Perf YTD+34.04%

SMA 20 Dist+8.10%$58.86

SMA 50 Dist+11.02%$57.32

SMA 100 Dist−0.01%$63.64

Window High−24.27%$84.02

Window Low+36.60%$46.58

RSI (14) · Vol60.757%v

Income Distribution & Cash Flow ConversionHow every dollar of COCO revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$387.2M ($63.5 / $100)

R&D Reinvestment$399,000 ($0.1 / $100)

SG&A & Other OpEx$140.1M ($23.0 / $100)

Tax & Non-Operating$9.9M ($1.6 / $100)

Net Profit Kept$72.7M ($11.9 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$72.7M (11.9% margin)

Operating Cash Flow (OCF)$47.2M(7.7% of rev)

Less: Capital Expenditures−$8.1M(1.3% of rev)

Standard Free Cash Flow (FCF)$39.0M(6.4% margin)

Less: Stock-Based Comp (SBC)−$10.8M(27.8% of FCF)

True FCF (Owner Cash ex-SBC)$28.2M(4.6% of rev)

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$379.5M	$427.8M	$493.6M	$516.0M	$609.8M	+18.2%	+12.6%
Cost of Revenue (COGS)	$266.4M	$324.4M	$312.9M	$317.2M	$387.2M	+22.1%	+9.8%
Gross Profit	$113.1M	$103.4M	$180.7M	$198.8M	$222.6M	+12.0%	+18.4%
Research & Development (R&D)	$477,000	$541,000	$418,000	$398,000	$399,000	+0.3%	−4.4%
Selling, General & Admin (SG&A)	$88.6M	$100.3M	$124.2M	$125.0M	$140.1M	+12.1%	+12.1%
Total Operating Expenses	$88.6M	$100.3M	$124.2M	$125.0M	$140.1M	+12.1%	+12.1%
Operating Income (EBIT)	$24.6M	$3.1M	$56.5M	$73.8M	$82.5M	+11.8%	+35.4%
Interest Expense	$360,000	$258,000	$31,000	$0	$0	—	—
Income Tax Expense	$5.2M	$3.0M	$11.3M	$14.8M	$21.7M	+45.9%	+42.6%
GAAP Net Income	$19.0M	$7.8M	$46.6M	$56.0M	$72.7M	+29.9%	+39.8%
Diluted EPS	$0.35	$0.14	$0.79	$0.94	$1.19	+26.6%	+35.8%
Diluted Shares	54.2M	56.1M	58.7M	59.3M	60.0M	+1.1%	+2.6%
Balance Sheet
Cash & Equivalents	$28.7M	$19.6M	$132.9M	$165.9M	$198.2M	+19.4%	+62.1%
Inventory	$75.4M	$84.1M	$50.8M	$83.6M	$111.5M	+33.3%	+10.3%
Total Current Assets	$173.3M	$174.9M	$262.9M	$341.3M	$421.4M	+23.5%	+24.9%
Total Assets	$197.5M	$197.8M	$285.7M	$362.4M	$461.3M	+27.3%	+23.6%
Total Current Liabilities	$74.0M	$54.3M	$82.6M	$103.3M	$116.4M	+12.7%	+12.0%
Total Liabilities	$74.3M	$56.7M	$83.2M	$103.6M	$129.8M	+25.3%	+15.0%
Stockholders' Equity	$123.2M	$141.1M	$202.4M	$258.8M	$331.5M	+28.1%	+28.1%
Net Cash / (Net Debt)	$28.7M	$19.6M	$132.9M	$165.9M	$198.2M	+19.4%	+62.1%
Invested Capital	$94.5M	$121.5M	$69.6M	$92.9M	$133.4M	+43.6%	+9.0%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$-16.2M	$-10.9M	$107.2M	$42.9M	$47.2M	+10.0%	—
Depreciation & Amortization (D&A)	$2.1M	$1.9M	$660,000	$745,000	$1.1M	+43.9%	−15.2%
Stock-Based Compensation (SBC)	$3.4M	$7.4M	$9.1M	$8.9M	$10.8M	+21.5%	+33.8%
Capital Expenditures (CapEx)	$557,000	$982,000	$599,000	$974,000	$8.1M	+736.7%	+95.6%
Free Cash Flow (FCF)	$-16.7M	$-11.9M	$106.6M	$41.9M	$39.0M	−6.9%	—
True FCF (ex-SBC Owner Cash)	$-20.1M	$-19.3M	$97.4M	$33.0M	$28.2M	−14.6%	—
Share Repurchases (Buybacks)	$50.0M	$0	$773,000	$12.0M	$11.3M	−6.3%	−31.1%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what COCO did at the next close after each story

No Wire story has named COCO yet.

What happened · big days

18 big days in a year, and what we hold on each

A big day is a close more than 5.16% from the one before, three times COCO’s median day (1.72%). On 0 of the 18, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±5.16%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayCOCOWhat we hold that dayGroup (median of 4) · each

1 Nov 24, 2025+5.84%
Before our storiesgroup −0.9%, did not move with it
1Nov 24, 2025+5.84%
Before our stories
−0.9% did not move with itKO −0.5 · PEP −0.6 · STZ −1.2 · KDP −1.4
2 Jan 14, 2026−5.95%
Before our storiesgroup +1.6%, did not move with it
2Jan 14, 2026−5.95%
Before our stories
+1.6% did not move with itKO +0.3 · KDP +1.4 · PEP +1.7 · STZ +2.1
3 Feb 18, 2026−11.43%
Resultsgroup +0.8%, did not move with it
3Feb 18, 2026−11.43%
ResultsFirst close after the Feb 18 results filing
+0.8% did not move with itKO −0.1 · KDP +0.0 · PEP +1.5 · STZ +2.4
4 Mar 2, 2026−6.22%
Before our storiesgroup −1.2%, did not move with it
4Mar 2, 2026−6.22%
Before our stories
−1.2% did not move with itKO −1.6 · PEP −1.4 · KDP −1.0 · STZ −0.8
5 Mar 23, 2026+5.47%
Before our storiesgroup +0.5%, did not move with it
5Mar 23, 2026+5.47%
Before our stories
+0.5% did not move with itSTZ +1.9 · PEP +0.6 · KO +0.5 · KDP −0.1
6 Mar 27, 2026−9.11%
Before our storiesgroup +1.0%, did not move with it
6Mar 27, 2026−9.11%
Before our stories
+1.0% did not move with itKDP −0.1 · STZ +0.7 · KO +1.4 · PEP +1.5
7 Apr 24, 2026+6.26%
Before our storiesgroup +0.1%, did not move with it
7Apr 24, 2026+6.26%
Before our stories
+0.1% did not move with itKDP +2.4 · KO +0.5 · PEP −0.2 · STZ −2.1
8 Apr 29, 2026+29.67%
Resultsgroup −0.1%, did not move with it
8Apr 29, 2026+29.67%
ResultsFirst close after the Apr 29 results filing
−0.1% did not move with itKO +0.7 · KDP +0.5 · PEP −0.6 · STZ −3.2
9 Jun 10, 2026+6.09%
Nothing on COCOgroup +1.3%, did not move with it
9Jun 10, 2026+6.09%
Nothing on COCONo COCO story, brief or results filing in our record that day
+1.3% did not move with itKO +2.8 · STZ +1.6 · PEP +1.1 · KDP +0.7
10 Jun 26, 2026−10.71%
Nothing on COCOgroup +2.0%, did not move with it
10Jun 26, 2026−10.71%
Nothing on COCONo COCO story, brief or results filing in our record that day
+2.0% did not move with itSTZ +1.3 · PEP +1.3 · KDP +2.7 · KO +2.8
11 Jun 30, 2026−8.81%
Nothing on COCOgroup −2.0%, did not move with it
11Jun 30, 2026−8.81%
Nothing on COCONo COCO story, brief or results filing in our record that day
−2.0% did not move with itPEP −2.4 · KDP −2.3 · KO −1.7 · STZ −0.4
12 Jul 23, 2026−6.82%
Resultsgroup −1.5%, did not move with it
12Jul 23, 2026−6.82%
ResultsFirst close after the Jul 23 results filing
−1.5% did not move with itSTZ −2.1 · KDP −1.8 · KO −1.3 · PEP −0.5
13 Aug 19, 2026+6.34%
Nothing on COCOgroup +1.7%, did not move with it
13Aug 19, 2026+6.34%
Nothing on COCONo COCO story, brief or results filing in our record that day
+1.7% did not move with itSTZ +1.9 · PEP +1.8 · KO +1.7 · KDP +0.9
14 Sep 14, 2026+5.81%
Nothing on COCOgroup +0.9%, did not move with it
14Sep 14, 2026+5.81%
Nothing on COCONo COCO story, brief or results filing in our record that day
+0.9% did not move with itSTZ +2.1 · KO +1.2 · KDP +0.6 · PEP +0.0
15 Oct 7, 2026−7.03%
Nothing on COCOgroup −1.0%, did not move with it
15Oct 7, 2026−7.03%
Nothing on COCONo COCO story, brief or results filing in our record that day
−1.0% did not move with itKDP −1.9 · PEP −1.6 · KO −0.4 · STZ +2.4
16 Oct 8, 2026+10.52%
Nothing on COCOgroup +3.0%, did not move with it
16Oct 8, 2026+10.52%
Nothing on COCONo COCO story, brief or results filing in our record that day
+3.0% did not move with itSTZ +4.4 · PEP +3.7 · KDP +2.4 · KO +2.3
17 Oct 22, 2026−7.09%
Resultsgroup +3.0%, did not move with it
17Oct 22, 2026−7.09%
ResultsFirst close after the Oct 22 results filing
+3.0% did not move with itKDP +2.1 · KO +2.9 · PEP +3.1 · STZ +5.3
18 Nov 4, 2026+9.68%
Nothing on COCOgroup +4.5%, did not move with it
18Nov 4, 2026+9.68%
Nothing on COCONo COCO story, brief or results filing in our record that day
+4.5% did not move with itKDP +5.9 · STZ +5.3 · PEP +3.8 · KO +1.1

A story on the same day is not a cause, and a group move is not proof either. Group: the median of KO, PEP, KDP and STZ that day, the largest companies in COCO’s SEC industry; “moved with COCO” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). COCO reports before the open, so day 1 is that day’s close. Each time, day 6 ended on the same side as day 1.

Reported Feb 18, 2026

day 1−11.43%day 6−2.57%

Reported Apr 29, 2026

day 1+29.67%day 6+32.95%

Reported Jul 23, 2026

day 1−6.82%day 6−10.07%

Reported Oct 22, 2026

day 1−7.09%day 6−11.39%

Next report: expected late JanuaryEstimated from the dates of its last four results filings. Not announced. Since the Oct 22 report: +0.20%. Four reports is a small sample.

Every report since 2023 →

Each line is COCO’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

COCO against four beverage peers, a year at 100

COCO is up 51.1% in a year. All four did less: Keurig Dr Pepper (+42.1%), Coca-Cola (+35.7%), Constellation Brands (+13.3%) and PepsiCo (−0.4%). Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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COCO +51.1%. Keurig Dr Pepper +42.1%, Coca-Cola +35.7%, Constellation Brands +13.3%, PepsiCo −0.4%. Weekly closes, Nov 7, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in COCO’s SEC industry (Beverages) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

KO	Coca-Cola	$412.2B	−0.07%
PEP	PepsiCo	$194.4B	+0.20%
KDP	Keurig Dr Pepper	$50.1B	+0.27%
STZ	Constellation Brands	$24.6B	−0.64%
BF-B	Brown Forman	$14.3B	+0.91%
PRMB	Primo Brands	$7.6B	+5.38%
WEST	Westrock Coffee	$1.0B	+0.10%
BRCC	BRC	$928M	−0.10%