MGP Ingredients Inc. (MGPI) Financial Statements (2026 and earlier)

Company Profile

Business Address 1300 MAIN ST
ATCHISON, KS 66002
State of Incorp. KS
Fiscal Year End December 31
Industry (SIC) 518 - Beer, Wine, And Distilled Alcoholic Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,46025,27318,38847,88921,56821,662
Cash and cash equivalent18,46025,27318,38847,88921,56821,662
Receivables119,369151,936145,476113,59498,07656,966
Inventory, net of allowances, customer advances and progress billings382,741364,944346,853289,722245,944141,011
Inventory382,741364,944346,853289,722245,944141,011
Prepaid expense2,1393,9833,5802,9571,5102,644
Total current assets:522,709546,136514,297454,162367,098222,283
Noncurrent Assets
Operating lease, right-of-use asset13,84715,54013,97515,0429,6715,151
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization327,987316,672262,303235,632207,286131,992
Long-term investments and receivables8,2117,0245,1975,5344,944 
Long-term investments8,2117,0245,1975,5344,944 
Intangible asset, including goodwill, after accumulated amortization360,363516,240593,250443,062445,132 
Goodwill 115,667247,789321,544226,294226,294 
Intangible asset, excluding goodwill, after accumulated amortization244,696268,451271,706216,768218,838 
Other noncurrent assets2,7474,1733,3264,7797,3367,149
Total noncurrent assets:713,155859,649878,051704,049674,369144,292
TOTAL ASSETS:1,235,8641,405,7851,392,3481,158,2111,041,467366,575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77,09680,692105,45595,14885,57351,729
Taxes payable✕✕✕✕✕6,992704
Accounts payable54,58966,33673,59466,43253,71230,273
Accrued liabilities22,50714,35631,86128,71624,86920,752
Debt6,4006,4006,4005,6003,2271,600
Deferred compensation liability5851,52074510  
Business combination, contingent consideration, liability110,800     
Other undisclosed current liabilities5,1703,8382,1774,117  
Total current liabilities:200,05192,450114,106105,37588,80053,329
Noncurrent Liabilities
Long-term debt and lease obligation, including:245,918317,141280,84929,510230,17241,328
Long-term debt, excluding current maturities245,918317,141280,84929,51035,26638,271
Other undisclosed long-term debt and lease obligation     187,909 
Liabilities, other than long-term debt73,10580,48382,44082,45774,2149,392
Deferred revenue      2,196
Deferred compensation liability, classified  2,1323,314 2,981 
Deferred income tax liabilities60,01063,43063,07167,11266,1012,298
Other liabilities2,5342,9814,7633,7235,1324,898
Operating lease, liability10,56111,94011,29211,6226,9973,057
Other undisclosed noncurrent liabilities  83,16865,886195,2254,016 
Total noncurrent liabilities:319,023480,792429,175307,192308,40250,720
Total liabilities:519,074573,242543,281412,567397,202104,049
Equity
Equity, attributable to parent718,436834,166850,492746,724644,755262,526
Preferred stock444444
Common stock6,7156,7156,7156,7156,7156,715
Treasury stock, value(64,518)(68,019)(21,166)(21,591)(22,357)(23,125)
Additional paid in capital330,872332,195325,453318,839315,80215,503
Accumulated other comprehensive income (loss)(373)(658)(397)(304)354486
Retained earnings445,736563,929539,883443,061344,237262,943
Equity, attributable to noncontrolling interest(1,646)(1,623)(1,425)(1,080)(490) 
Total equity:716,790832,543849,067745,644644,265262,526
TOTAL LIABILITIES AND EQUITY:1,235,8641,405,7851,392,3481,158,2111,041,467366,575

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues536,375703,625836,523782,358626,720395,521
Cost of revenue
(Cost of Product and Service Sold)		(336,966)(417,308)(531,811)(529,052)(427,755)(296,715)
Gross profit:199,409286,317304,712253,306198,96598,806
Operating expenses(237,441)(155,146)(110,786)(74,627)(56,504)(44,565)
Other undisclosed operating loss(56,583)(56,745)(45,313)(29,714)(16,098) 
Operating income (loss):(94,615)74,426148,613148,965126,36354,241
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		1,3092,455(220)(3,342)(1,230) 
Interest and debt expense   (6,647)(5,451)(4,037)(2,267)
Income (loss) from continuing operations before equity method investments, income taxes:(93,306)76,881141,746140,172121,09651,974
Other undisclosed income (loss) from continuing operations before income taxes(7,044)(8,439)   627
Income (loss) from continuing operations before income taxes:(100,350)68,442141,746140,172121,09652,601
Income tax expense (benefit)(7,482)(33,977)(34,616)(31,300)(30,279)(12,256)
Income (loss) from continuing operations:(107,832)34,465107,130108,87290,81740,345
Income before gain (loss) on sale of properties:✕✕✕✕✕90,81740,345
Net income (loss):(107,832)34,465107,130108,87290,81740,345
Net income (loss) attributable to noncontrolling interest23198345590490 
Net income (loss) attributable to parent:(107,809)34,663107,475109,46291,30740,345
Undistributed earnings (loss) allocated to participating securities, basic1,295(373)(1,074)(871)(712)(261)
Net income (loss) available to common stockholders, diluted:(106,514)34,290106,401108,59190,59540,084

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(107,832)34,465107,130108,87290,81740,345
Other comprehensive income (loss)285(261)(93)(658)(132)(229)
Comprehensive income (loss):(107,547)34,204107,037108,21490,68540,116
Comprehensive income (loss), net of tax, attributable to noncontrolling interest23198345590490 
Other undisclosed comprehensive income, net of tax, attributable to parent      961
Comprehensive income (loss), net of tax, attributable to parent:(107,524)34,402107,382108,80491,17541,077

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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