MGP INGREDIENTS INC Revenue Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Branded Spirits | |||||||||||||||||
| Premium plus | $ | 116,730 | $ | 110,991 | $ | 105,465 | |||||||||||
| Mid | 59,486 | 63,454 | 75,676 | ||||||||||||||
| Value | 32,606 | 42,100 | 47,907 | ||||||||||||||
| Other | 24,119 | 24,271 | 24,885 | ||||||||||||||
| Total Branded Spirits | 232,941 | 240,816 | 253,933 | ||||||||||||||
| Distilling Solutions | |||||||||||||||||
| Brown goods | 128,450 | 265,873 | 289,191 | ||||||||||||||
| Warehouse services | 32,388 | 33,430 | 28,632 | ||||||||||||||
| White goods and other co-products | 20,562 | 32,901 | 133,031 | ||||||||||||||
| Total Distilling Solutions | 181,400 | 332,204 | 450,854 | ||||||||||||||
| Ingredient Solutions | |||||||||||||||||
| Specialty wheat starches | 68,124 | 76,005 | 66,050 | ||||||||||||||
| Specialty wheat proteins | 39,915 | 41,768 | 48,291 | ||||||||||||||
| Commodity wheat starch | 10,371 | 12,351 | 16,413 | ||||||||||||||
| Commodity wheat protein | 3,109 | 481 | 982 | ||||||||||||||
| Biofuel and other | 515 | — | — | ||||||||||||||
| Total Ingredient Solutions | 122,034 | 130,605 | 131,736 | ||||||||||||||
Total Sales | $ | 536,375 | $ | 703,625 | $ | 836,523 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.