As of Q4'25, MPWR reported a net income of 170.1M USD, following a YoY change of -88.26%. This latest figure marks a significant decrease from the extraordinary spike in Q4'24, where net income reached 1.45B USD. Over the period from Q1'23 to Q4'25, MPWR's net income trend was generally stable with moderate fluctuations, except for a dramatic surge in Q4'24. The YoY growth rate was volatile, peaking at 1,395.65% in Q4'24 before sharply reversing to a substantial decline in Q4'25. This pattern suggests a one-off event or anomaly in Q4'24, with net income returning to typical levels in subsequent quarters.