PerpEquities

Equity

Monolithic Power Systems, Inc. (MPWR) perpetual futures

MPWR perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MPWRUSDT.

Monolithic Power Systems designs and sells advanced semiconductor components for power management, including DC-to-DC integrated circuits and lighting-control ICs, serving industries from computing and automotive to industrial and consumer electronics.

$1,196+4.1%NASDAQ closed
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Collecting venue price data...
venue perp mark · Gate.io (MPWR/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/3 live markets
Venues
3
Live markets
2/3
24h volume
$14.4K
Open interest
$117.5K
Best liquidity
$200K
Extended
Tightest spread
+59.8 bps
Gate.io
Highest volume
$14.4K
Gate.io
Settlement mix
USDT · 2/3
Perp/spot vol.
0.00x
Spot volume $664M
OI / float
0.00%
Float $56.6B
Spot performance
1D+4.08%
5D+2.30%
1M-11.95%
6M+17.28%
YTD+36.20%
1Y+45.28%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeMPWR/USDTTrading$1,2040.0% APR
0.000% every 8h
+59.8 bps$15.4K$14.4K$83.3KUSDT20x
ExtendedTradeMPWR/USDTrading$1,196+4.4% APR
+0.00050% every 1h
+66.8 bps$200K$0$34.2KUSD10x
BingXTradeMPWR-USDTPlanned------USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 2 venues absorb $10k · Typical cost: +59.9 bps – +95.4 bps

Cheapest execution: Extended · +42.1 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

MPWR

Tightest spread

MPWR

Highest volume

MPWR

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 44m ago
Market cap
$60.6B
Updated 44m ago
Revenue
$3.3B
Trailing 12 months
Revenue growth
+49%
Next fiscal year
Profit margin
+24.4%
P/E
75.3
Peer P/E 20.4
Free cash flow
$585.5M
Trailing 12 months
More metrics
Net income
$798.9M
Trailing 12 months
P/S
18.5
Peer P/E
20.4
Similar listed perps
Revenue estimate
$4.1B
Next fiscal year
Earnings
2026-10-29
Revenue est. $1.2B · Updated 44m ago
Dividend
$2
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$2.8B
Net margin+22.1%
Free cash flow$666.2M
Net debt-$1.1B
2020$844.5M
2021$1.2B
2022$1.8B
2023$1.8B
2024$2.2B
2025$2.8B
PeriodRevenueGrowthNet incomeFCF
2020$844.5M+34%$164.4M$212.2M
2021$1.2B+43%$242M$224.8M
2022$1.8B+49%$437.7M$187.8M
2023$1.8B+2%$427.4M$580.6M
2024$2.2B+21%$1.8B$642.3M
2025$2.8B+26%$615.9M$666.2M
PeriodGross marginOperating marginNet marginROEROA
2020+55.2%+18.8%+19.5%+17.0%+13.6%
2021+56.8%+21.7%+20.0%+19.5%+15.3%
2022+58.4%+29.4%+24.4%+26.2%+21.3%
2023+56.1%+26.5%+23.5%+20.8%+17.6%
2024+55.3%+24.4%+81.0%+56.8%+49.4%
2025+55.2%+26.1%+22.1%+17.4%+14.7%
PeriodCashDebtNet debtCurrent ratio
2020$334.9M$3.1M-$331.8M5.73
2021$189.3M$0-$189.3M4.96
2022$288.6M$1.7M-$286.9M5.36
2023$527.8M$5.6M-$522.3M7.74
2024$691.8M$15.8M-$676M5.31
2025$1.1B$24.1M-$1.1B5.91
PeriodMarket capEnterprise valueP/SP/E
2020$16.4B$16.1B19.499.8
2021$22.6B$22.4B18.793.4
2022$16.5B$16.2B9.237.7
2023$30B$29.5B16.570.2
2024$28.8B$28.1B13.016.1
2025$43.5B$42.5B15.670.7
Q3 2024$620.1M
Q4 2024$621.7M
Q1 2025$637.6M
Q2 2025$664.6M
Q3 2025$737.2M
Q4 2025$751.2M
Q1 2026$804.2M
Q2 2026$980.6M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$620.1M+31%$144.4M$197.9M
Q4 2024$621.7M+37%$1.4B$102.9M
Q1 2025$637.6M+39%$133.8M$216M
Q2 2025$664.6M+31%$133.7M$187.5M
Q3 2025$737.2M+19%$178.3M$198.8M
Q4 2025$751.2M+21%$170.1M$61.9M
Q1 2026$804.2M+26%$193.2M$179.4M
Q2 2026$980.6M+48%$257.3M$145.5M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+55.4%+26.5%+23.3%+6.1%+5.1%
Q4 2024+55.4%+26.3%+233.1%+46.1%+40.1%
Q1 2025+55.4%+26.5%+21.0%+4.1%+3.5%
Q2 2025+55.1%+24.8%+20.1%+3.9%+3.4%
Q3 2025+55.1%+26.5%+24.2%+5.0%+4.2%
Q4 2025+55.2%+26.6%+22.6%+4.8%+4.1%
Q1 2026+55.3%+30.0%+24.0%+5.3%+4.3%
Q2 2026+55.2%+31.0%+26.2%+6.6%+5.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$700.3M$16.3M-$684.1M6.42
Q4 2024$691.8M$15.8M-$676M5.31
Q1 2025$637.4M$17.8M-$619.6M4.92
Q2 2025$787.4M$19.9M-$767.5M5.00
Q3 2025$1.1B$15.1M-$1.1B4.77
Q4 2025$1.1B$24.1M-$1.1B5.91
Q1 2026$1.1B$0-$1.1B4.79
Q2 2026$1B$0-$1B4.98
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$45.1B$44.4B72.778.1
Q4 2024$28.6B$27.9B46.04.9
Q1 2025$27.8B$27.1B43.551.8
Q2 2025$35B$34.2B52.765.5
Q3 2025$44.1B$43B59.861.9
Q4 2025$44B$42.9B58.564.6
Q1 2026$53.7B$52.6B66.869.4
Q2 2026$67.9B$66.9B69.266.1

Refreshed 44m ago

Charts: revenue, profit, cash flow & valuation
Revenue$980.6MQ2 2026
$245.2M$490.3M$735.5M$980.6MQ3 2023: $474.9MQ4 2023: $454MQ1 2024: $457.9MQ2 2024: $507.4MQ3 2024: $620.1MQ4 2024: $621.7MQ1 2025: $637.6MQ2 2025: $664.6MQ3 2025: $737.2MQ4 2025: $751.2MQ1 2026: $804.2MQ2 2026: $980.6MQ3 2023Q2 2026
Net income$257.3MQ2 2026
$362.3M$724.7M$1.1B$1.4BQ3 2023: $121.2MQ4 2023: $96.9MQ1 2024: $92.5MQ2 2024: $100.4MQ3 2024: $144.4MQ4 2024: $1.4BQ1 2025: $133.8MQ2 2025: $133.7MQ3 2025: $178.3MQ4 2025: $170.1MQ1 2026: $193.2MQ2 2026: $257.3MQ3 2023Q2 2026
EBITDA$306.6MQ2 2026
$76.7M$153.3M$230M$306.6MQ3 2023: $147.9MQ4 2023: $129.8MQ1 2024: $113.3MQ2 2024: $132.7MQ3 2024: $183.8MQ4 2024: $179.6MQ1 2025: $185.3MQ2 2025: $190.1MQ3 2025: $219.3MQ4 2025: $223.5MQ1 2026: $262.3MQ2 2026: $306.6MQ3 2023Q2 2026
Free cash flow$145.5MQ2 2026
$58M$116M$174M$232.1MQ3 2023: $148.8MQ4 2023: $139.5MQ1 2024: $232.1MQ2 2024: $109.5MQ3 2024: $197.9MQ4 2024: $102.9MQ1 2025: $216MQ2 2025: $187.5MQ3 2025: $198.8MQ4 2025: $61.9MQ1 2026: $179.4MQ2 2026: $145.5MQ3 2023Q2 2026
EPS$5.23Q2 2026
$7.47$14.9$22.4$29.9Q3 2023: $2.48Q4 2023: $1.98Q1 2024: $1.89Q2 2024: $2.05Q3 2024: $2.95Q4 2024: $29.9Q1 2025: $2.79Q2 2025: $2.78Q3 2025: $3.71Q4 2025: $3.46Q1 2026: $3.92Q2 2026: $5.23Q3 2023Q2 2026
Cash / Debt$1BQ2 2026
$274.8M$549.7M$824.5M$1.1BQ3 2023 · Cash: $421.2MQ3 2023 · Debt: $0Q4 2023 · Cash: $527.8MQ4 2023 · Debt: $5.6MQ1 2024 · Cash: $488.3MQ1 2024 · Debt: $8.6MQ2 2024 · Cash: $550.5MQ2 2024 · Debt: $15.5MQ3 2024 · Cash: $700.3MQ3 2024 · Debt: $16.3MQ4 2024 · Cash: $691.8MQ4 2024 · Debt: $15.8MQ1 2025 · Cash: $637.4MQ1 2025 · Debt: $17.8MQ2 2025 · Cash: $787.4MQ2 2025 · Debt: $19.9MQ3 2025 · Cash: $1.1BQ3 2025 · Debt: $15.1MQ4 2025 · Cash: $1.1BQ4 2025 · Debt: $24.1MQ1 2026 · Cash: $1.1BQ1 2026 · Debt: $0Q2 2026 · Cash: $1BQ2 2026 · Debt: $0Q3 2023Q2 2026
CashDebt
Profitability+55.2%Q2 2026
+58.3%+116.6%+174.9%+233.1%Q3 2023 · Gross margin: +55.5%Q4 2023 · Gross margin: +55.3%Q1 2024 · Gross margin: +55.1%Q2 2024 · Gross margin: +55.3%Q3 2024 · Gross margin: +55.4%Q4 2024 · Gross margin: +55.4%Q1 2025 · Gross margin: +55.4%Q2 2025 · Gross margin: +55.1%Q3 2025 · Gross margin: +55.1%Q4 2025 · Gross margin: +55.2%Q1 2026 · Gross margin: +55.3%Q2 2026 · Gross margin: +55.2%Q3 2023 · Operating margin: +28.5%Q4 2023 · Operating margin: +24.1%Q1 2024 · Operating margin: +20.9%Q2 2024 · Operating margin: +23.0%Q3 2024 · Operating margin: +26.5%Q4 2024 · Operating margin: +26.3%Q1 2025 · Operating margin: +26.5%Q2 2025 · Operating margin: +24.8%Q3 2025 · Operating margin: +26.5%Q4 2025 · Operating margin: +26.6%Q1 2026 · Operating margin: +30.0%Q2 2026 · Operating margin: +31.0%Q3 2023 · Net margin: +25.5%Q4 2023 · Net margin: +21.3%Q1 2024 · Net margin: +20.2%Q2 2024 · Net margin: +19.8%Q3 2024 · Net margin: +23.3%Q4 2024 · Net margin: +233.1%Q1 2025 · Net margin: +21.0%Q2 2025 · Net margin: +20.1%Q3 2025 · Net margin: +24.2%Q4 2025 · Net margin: +22.6%Q1 2026 · Net margin: +24.0%Q2 2026 · Net margin: +26.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+47.6%Q2 2026
+11.9%+23.8%+35.7%+47.6%Q3 2024: +30.6%Q4 2024: +36.9%Q1 2025: +39.2%Q2 2025: +31.0%Q3 2025: +18.9%Q4 2025: +20.8%Q1 2026: +26.1%Q2 2026: +47.6%Q3 2023Q2 2026
Shares outstanding49.3MQ2 2026
12.3M24.6M36.9M49.3MQ3 2023: 48.8MQ4 2023: 48.9MQ1 2024: 48.9MQ2 2024: 48.9MQ3 2024: 49MQ4 2024: 48.5MQ1 2025: 48MQ2 2025: 48MQ3 2025: 48MQ4 2025: 49.2MQ1 2026: 49.2MQ2 2026: 49.3MQ3 2023Q2 2026
Valuation66.1Q2 2026
24.949.774.699.4Q3 2023 · P/E: 45.5Q4 2023 · P/E: 78.1Q1 2024 · P/E: 88.0Q2 2024 · P/E: 99.4Q3 2024 · P/E: 78.1Q4 2024 · P/E: 4.9Q1 2025 · P/E: 51.8Q2 2025 · P/E: 65.5Q3 2025 · P/E: 61.9Q4 2025 · P/E: 64.6Q1 2026 · P/E: 69.4Q2 2026 · P/E: 66.1Q3 2023 · P/S: 46.5Q4 2023 · P/S: 66.6Q1 2024 · P/S: 71.0Q2 2024 · P/S: 78.6Q3 2024 · P/S: 72.7Q4 2024 · P/S: 46.0Q1 2025 · P/S: 43.5Q2 2025 · P/S: 52.7Q3 2025 · P/S: 59.8Q4 2025 · P/S: 58.5Q1 2026 · P/S: 66.8Q2 2026 · P/S: 69.2Q3 2023Q2 2026
P/EP/S
Revenue$2.8B2025
$697.6M$1.4B$2.1B$2.8B2018: $582.4M2019: $627.9M2020: $844.5M2021: $1.2B2022: $1.8B2023: $1.8B2024: $2.2B2025: $2.8B20182025
Net income$615.9M2025
$446.7M$893.4M$1.3B$1.8B2018: $105.3M2019: $108.8M2020: $164.4M2021: $242M2022: $437.7M2023: $427.4M2024: $1.8B2025: $615.9M20182025
EBITDA$817.2M2025
$204.3M$408.6M$612.9M$817.2M2018: $127.7M2019: $119.9M2020: $185.9M2021: $300.9M2022: $562.1M2023: $546M2024: $609.3M2025: $817.2M20182025
Free cash flow$666.2M2025
$166.5M$333.1M$499.6M$666.2M2018: $118.9M2019: $119.5M2020: $212.2M2021: $224.8M2022: $187.8M2023: $580.6M2024: $642.3M2025: $666.2M20182025
EPS$12.82025
$9.15$18.3$27.4$36.62018: $2.362019: $2.382020: $3.52021: $5.052022: $9.052023: $8.762024: $36.62025: $12.820182025
Cash / Debt$1.1B2025
$274.8M$549.7M$824.5M$1.1B2018 · Cash: $172.7M2018 · Debt: $02019 · Cash: $173M2019 · Debt: $2.4M2020 · Cash: $334.9M2020 · Debt: $3.1M2021 · Cash: $189.3M2021 · Debt: $02022 · Cash: $288.6M2022 · Debt: $1.7M2023 · Cash: $527.8M2023 · Debt: $5.6M2024 · Cash: $691.8M2024 · Debt: $15.8M2025 · Cash: $1.1B2025 · Debt: $24.1M20182025
CashDebt
Profitability+55.2%2025
+20.2%+40.5%+60.7%+81.0%2018 · Gross margin: +55.4%2019 · Gross margin: +55.2%2020 · Gross margin: +55.2%2021 · Gross margin: +56.8%2022 · Gross margin: +58.4%2023 · Gross margin: +56.1%2024 · Gross margin: +55.3%2025 · Gross margin: +55.2%2018 · Operating margin: +19.5%2019 · Operating margin: +16.3%2020 · Operating margin: +18.8%2021 · Operating margin: +21.7%2022 · Operating margin: +29.4%2023 · Operating margin: +26.5%2024 · Operating margin: +24.4%2025 · Operating margin: +26.1%2018 · Net margin: +18.1%2019 · Net margin: +17.3%2020 · Net margin: +19.5%2021 · Net margin: +20.0%2022 · Net margin: +24.4%2023 · Net margin: +23.5%2024 · Net margin: +81.0%2025 · Net margin: +22.1%20182025
Gross marginOperating marginNet margin
Revenue growth+26.4%2025
+12.1%+24.3%+36.4%+48.5%2019: +7.8%2020: +34.5%2021: +43.0%2022: +48.5%2023: +1.5%2024: +21.2%2025: +26.4%20182025
Shares outstanding48.3M2025
12.2M24.4M36.6M48.8M2018: 44.6M2019: 45.8M2020: 47M2021: 47.9M2022: 48.4M2023: 48.8M2024: 48.8M2025: 48.3M20182025
Valuation70.72025
24.949.974.899.82018 · P/E: 49.32019 · P/E: 70.62020 · P/E: 99.82021 · P/E: 93.42022 · P/E: 37.72023 · P/E: 70.22024 · P/E: 16.12025 · P/E: 70.72018 · P/S: 8.92019 · P/S: 12.22020 · P/S: 19.42021 · P/S: 18.72022 · P/S: 9.22023 · P/S: 16.52024 · P/S: 13.02025 · P/S: 15.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $1.2B · Updated 44m ago
Dividend
$2
2026-09-30

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202627.42$4.1B+49%10
FY 202735.92$5.3B+91%10
FY 202843.18$6.4B+130%6
FY 202947.00$6.9B+147%3
FY 203054.93$8B+188%2
Q1 20277.98$1.2B+50%8

Company events

6
2026-10-29EarningsActual - / Estimate 7.69-
2026-09-30Dividend$2-
2026-07-30EarningsActual 6.5 / Estimate 5.87Beat
2026-06-30Dividend$2-
2026-04-30EarningsActual 5.1 / Estimate 4.9Beat
2026-03-31Dividend$2-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering MPWR have done: ratings, price-target accuracy and the measured reaction after their calls.

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Jul 31, 2026William SteinTruist FinancialBuyReiterated$1,889
Jul 31, 2026Tore SvanbergStifel NicolausBuyReiterated$1,800
Jul 31, 2026Quinn BoltonNeedhamBuyReiterated$2,000
Jul 31, 2026Kelsey ChiaCitiBuyReiterated$1,820
Jul 31, 2026Joseph QuatrochiWells FargoBuyReiterated$1,800

TipRanks data via FMP · computed Sep 14, 2026

Frequently asked questions

Where can I trade MPWR perpetual futures?

Monolithic Power Systems, Inc. (MPWR) perpetual futures trade on 2 crypto venues, including Gate.io, Extended. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MPWR around the clock?

Yes. Unlike the underlying stock, MPWR perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MPWR perpetuals?

Right now the MPWR perp funding rate is +2.2% annualized (venue median), ranging from 0.0% to +4.4% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MPWR perp price compare to the Monolithic Power Systems, Inc. stock?

The venue-median MPWR perp mark is $1.2K versus a reference stock price of $1.2K, a basis of +0.3%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MPWR perpetual future?

A MPWR perpetual is a derivative that tracks the price of Monolithic Power Systems, Inc. with no expiry date. It lets you take long or short exposure to Monolithic Power Systems, Inc. on crypto venues, around the clock.

What is MPWRUSDT perpetual?

MPWRUSDT is the symbol most crypto exchanges use for the Monolithic Power Systems, Inc. perpetual settled in USDT (Tether). It tracks the MPWR share price through an index, trades 24/7 with leverage and never expires.

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