MGPI on Nasdaq

MGP INGREDIENTS INC

MGP Ingredients, Inc. was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerMGPI on Nasdaq2
  • IndustryWholesale-Beer, Wine & Distilled Alcoholic Beverages2
  • HeadquartersAtchison, United States2
  • Incorporated inKS3
  • Business address1300 Main St, Atchison, Ks 660023
  • Filer categoryAccelerated filer3
  • Legal formCorporation2
  • LEI2549006OMHFVZ4MS85382
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O C T CORPORATION SYSTEM, 66603 Topeka, United States2
  • Registered withBusiness Services Division (Kansas Secretary of State), 45546062

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MGP Ingredients, Inc. was incorporated in 2011 in Kansas, continuing a business originally founded by Cloud L. Cray, Sr. in Atchison, Kansas in 1941. As used herein, the terms “MGP,” “Company,” “we,” “our,” “us,” and words of similar import, refer to MGP Ingredients, Inc. and its consolidated subsidiaries unless the context otherwise indicates. In this Annual Report on Form 10-K (this “Report”), for any references to Note 1 through Note 16 refer to the Notes to Consolidated Financial Statements in Item 8.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.2%Gross margin5
-17.6%Operating margin5
-20.1%Net margin5
-23.8%Revenue growth, 20255
-15.0%Return on equity5
0.36×Debt to equity5
$76.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Branded Spirits brought in 43% of the revenue MGP INGREDIENTS INC broke down this way in fiscal 2025.

  1. Branded Spirits$232.9M543%down 3% from 2024
  2. Distilling Solutions$181.4M534%down 45% from 2024
  3. Ingredient Solutions$122.0M523%down 7% from 2024
Business segments by year
Business segments202320242025
Branded Spirits$253.9M$240.8M$232.9M
Distilling Solutions$450.9M$332.2M$181.4M
Ingredient Solutions$131.7M$130.6M$122.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue63¢$337.0M
  • Selling, general and admin16¢$84.8M
  • Other costs19¢$100.1M
  • Interest1¢$7.0M
  • Income tax1¢$7.5M

Out of $536.4M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending37¢$45.5M
  • Dividends paid8¢$10.3M
  • Share buybacks1¢$1.0M
  • Kept or used elsewhere53¢$64.7M

Out of $121.5M of cash from operations.5

Financial statements

Revenue67895$536.4M in 2025+48% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $362.7M$362.7M20192020: $395.5M$395.5M2020+9%2021: $626.7M$626.7M2021+58%2022: $782.4M$782.4M2022+25%2023: $836.5M$836.5M2023+7%2024: $703.6M$703.6M2024−16%2025: $536.4M$536.4M2025−24%
Gross profit67895$199.4M in 2025+161% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $76.5M$76.5M20192020: $98.8M$98.8M2020+29%2021: $199.0M$199.0M2021+101%2022: $253.3M$253.3M2022+27%2023: $304.7M$304.7M2023+20%2024: $286.3M$286.3M2024−6%2025: $199.4M$199.4M2025−30%
Operating income67895-$94.6M in 2025
-$100.0M0$100.0M$200.0M2019: $47.2M$47.2M20192020: $54.2M$54.2M2020+15%2021: $126.4M$126.4M2021+133%2022: $149.0M$149.0M2022+18%2023: $148.6M$148.6M2023−0%2024: $74.4M$74.4M2024−50%2025: -$94.6M-$94.6M2025
Net income67895-$107.8M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2019: $38.8M$38.8M20192020: $40.3M$40.3M2020+4%2021: $91.3M$91.3M2021+126%2022: $109.5M$109.5M2022+20%2023: $107.5M$107.5M2023−2%2024: $34.7M$34.7M2024−68%2025: -$107.8M-$107.8M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Sales$536.4M$703.6M$836.5M
Cost of sales$337.0M$417.3M$531.8M
Gross profit$199.4M$286.3M$304.7M
Advertising and promotion expenses$31.1M$40.5M$38.2M
Selling, general, and administrative expenses$84.8M$81.4M$91.4M
Impairment of long-lived assets and other$0$137.0K$19.4M
Goodwill and indefinite-lived intangible asset impairment$152.6M$73.8M$0
Change in fair value of contingent consideration$25.5M$16.1M$7.1M
Operating income (loss)-$94.6M$74.4M$148.6M
Interest expense, net-$7.0M-$8.4M-$6.6M
Other income (expense), net$1.3M$2.5M-$220.0K
Income (loss) before income taxes-$100.3M$68.4M$141.7M
Income tax expense$7.5M$34.0M$34.6M
Net income (loss)-$107.8M$34.5M$107.1M
Net loss attributable to noncontrolling interest$23.0K$198.0K$345.0K
Net income (loss) attributable to MGP Ingredients, Inc.-$107.8M$34.7M$107.5M
Income (loss) attributable to participating securities, basic-$1.3M$373.0K$1.1M
Income (loss) attributable to participating securities, diluted-$1.3M$373.0K$1.1M
Net income (loss) used in earnings per common share calculation, basic-$106.5M$34.3M$106.4M
Net income (loss) used in earnings per common share calculation, diluted-$106.5M$34.3M$106.4M
Basic (in shares)21.4M shares22.0M shares22.1M shares
Diluted (in shares)21.4M shares22.0M shares22.2M shares
Basic (in dollars per share)-$4.99$1.56$4.82
Diluted (in dollars per share)-$4.99$1.56$4.80

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Leadership

Who has led MGP INGREDIENTS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Laidacker M. Seaberg2006–2007
  2. Timothy W. Newkirk2008–2013
  3. Don Tracy2014
  4. Randy M. Schrick2014
  5. Augustus C. Griffin2014–2020
  6. David Colo2023
  7. David S. Bratcher2024
  8. Brandon Gall2025
  9. Julie Maria Francis2025–now

Chair

  1. L. Cray Cloud Jr.2006
  2. Laidacker M. Seaberg2006–2007

President

  1. Laidacker M. Seaberg2006
  2. Timothy W. Newkirk2006–2013
  3. Augustus C. Griffin2014–2020
  4. David S. Bratcher2021–2024
  5. David Colo2023
  6. Brandon Gall2025
  7. Julie Maria Francis2025–now

Chief financial officer

  1. Brian T. Cahill2006–2007
  2. Robert J. Zonneveld2008
  3. Don Tracy2009–2015
  4. Thomas K. Pigott2015–2019
  5. Brandon Gall2019–now

Chief operating officer

  1. Timothy W. Newkirk2006–2007
  2. David S. Bratcher2022–2023
2010201520202025
Board members and other officers (49)

Former names

  • MIDWEST GRAIN PRODUCTS INCSep 9, 1994 to Oct 10, 20023

Timeline

  1. Jul 29, 2025New chief executive Julie Maria Francis becomes CEO14
  2. Jan 3, 2025New chief executive Brandon Gall becomes CEO13
  3. Feb 15, 2024New chief executive David S. Bratcher becomes CEO15
  4. Feb 17, 2023New chief executive David Colo becomes CEO16
  5. Aug 4, 2014New chief executive Augustus C. Griffin becomes CEO19
  6. Jan 27, 2014New chief executive Don Tracy becomes CEO17
  7. Jan 27, 2014New chief executive Randy M. Schrick becomes CEO18
  8. Oct 18, 2011Founded MGP INGREDIENTS INC is founded2
  9. Aug 12, 2008New chief executive Timothy W. Newkirk becomes CEO20
  10. Aug 14, 2006New chief executive Laidacker M. Seaberg becomes CEO21

Filings

575 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 305 insider forms, 37 large holders, 160 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 1, 20264 EDGAR
  3. Sep 18, 20264 EDGAR
  4. Sep 15, 2026144/A EDGAR
  5. Sep 15, 2026144 EDGAR
  6. Aug 24, 20264 EDGAR
  7. Aug 17, 2026144 EDGAR
  8. Aug 7, 20268-K EDGAR
  9. Aug 6, 20264 EDGAR
  10. Jul 29, 2026SCHEDULE 13G EDGAR
  11. Jul 29, 2026S-8 EDGAR
  12. Jul 29, 202610-Q EDGAR
  13. Jul 29, 20268-K EDGAR
  14. Jul 2, 20264 EDGAR
  15. May 28, 20264 EDGAR
  16. May 20, 2026144 EDGAR
  17. May 15, 20264 EDGAR
  18. May 15, 20264 EDGAR
  19. May 15, 20264 EDGAR
  20. May 15, 20264 EDGAR

The 575 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

181 open-market trades by officers, directors and large owners since October 2021: 16 buys and 165 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Lux Children Irrevocable Trust dated May 24, 201210% ownerSale27,731$14.40$399.3KForm 4
Aug 20, 2026Lux Paul S.10% ownerSale33,000$17.76$586.1KForm 4
May 27, 2026Kaplan Caroline Lux10% ownerSale30,000$18.18$545.4KForm 4
May 26, 2026Kaplan Caroline Lux10% ownerSale30,000$17.82$534.6KForm 4
Dec 10, 2025Seaberg KarenDirectorSale81,616$25.84$2.1MForm 4
Dec 9, 2025Seaberg KarenDirectorSale181,095$24.24$4.4MForm 4
Dec 8, 2025Seaberg KarenDirectorSale41,824$24.16$1.0MForm 4
Nov 19, 2025Kaplan Caroline Lux10% ownerSale30,000$23.28$698.5KForm 4
Nov 18, 2025Kaplan Caroline Lux10% ownerSale30,000$23.85$715.6KForm 4
May 14, 2025Lux Donn S.DirectorSale50,000$32.37$1.6MForm 4
May 13, 2025Lux Donn S.DirectorSale50,000$33.05$1.7MForm 4
May 12, 2025Kaplan Caroline Lux10% ownerSale32,500$33.41$1.1MForm 4
May 9, 2025Kaplan Caroline Lux10% ownerSale13,731$33.10$454.5KForm 4
May 8, 2025Roper MartinDirectorBuy15,000$33.10$496.5KForm 4
May 1, 2025Mingus Lori L.S.DirectorSale335$32.09$10.8KForm 4
May 1, 2025Seaberg KarenDirectorSale12,201$30.73$374.9KForm 4
Apr 1, 2025Mingus Lori L.S.DirectorSale778$28.89$22.5KForm 4
Apr 1, 2025Seaberg KarenDirectorSale58,903$28.38$1.7MForm 4
Mar 14, 2025Siwak Todd B.DirectorSale653$30.67$20.0KForm 4
Mar 13, 2025Seaberg KarenDirectorSale28,304$30.82$872.2KForm 4

All 181 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Integrated Wealth Concepts LLC2,505,779$43.9M0.2%−26,860
BlackRock, Inc.1,270,417$22.3M0.0%+147,514
Federated Hermes, Inc.980,092$17.2M0.0%−213,668
Private Management Group Inc734,181$12.9M0.3%−5,836
Vanguard Capital Management LLC643,437$11.3M0.0%−327
Ariel Investments, LLC610,729$10.7M0.1%−18,131
Dimensional Fund Advisors LP522,233$9.1M0.0%−237,895
Ameriprise Financial Inc462,563$8.1M0.0%+58,650
American Century Companies Inc404,799$7.1M0.0%+92,321
Geode Capital Management, LLC386,458$6.8M0.0%+22,800
Citadel Advisors LLC384,658$6.7M0.0%−10,820
Goldman Sachs Group Inc362,757$6.4M0.0%+177,255
State Street Corp356,455$6.2M0.0%+57,004
Morgan Stanley317,875$5.6M0.0%+139,931
Vanguard Portfolio Management LLC295,806$5.2M0.0%−26,796
Dana Investment Advisors, Inc.293,730$5.1M0.1%+46,156
Two Sigma Investments, LP277,172$4.9M0.0%−169,043
Sei Investments Co255,326$4.5M0.0%−57,004
Charles Schwab Investment Management Inc253,781$4.4M0.0%−8,365
Aqr Capital Management LLC154,353$2.7M0.0%+53,643
Arrowstreet Capital, Limited Partnership147,249$2.6M0.0%−911
Bnp Paribas Financial Markets145,394$2.5M0.0%+13,212
Jpmorgan Chase & Co149,869$2.5M0.0%+42,322
Moors & Cabot, Inc.133,233$2.3M0.1%+37,205
Northern Trust Corp127,042$2.2M0.0%+15,440

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 31, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+49.5%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−49.9%Report
Oct 30, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+49.9%Report
Sep 25, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−55.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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