Freshpet, Inc. (FRPT) Financial Statements
Industry: Grain Mill Products
In fiscal 2025, Freshpet reported revenue of $1.10B, up 13.0% from $975.2M the year before. Net income was $139.1M (a 12.6% net margin), or $2.64 per diluted share. Gross margin was 40.8% and operating margin was 6.9%. Operating activities generated $160.6M of cash, leaving $12.4M of free cash flow. At fiscal year end, Freshpet held $1.78B in total assets against $569.1M in total liabilities, including $278.0M of cash and equivalents.
Open the full interactive Freshpet financials → Quarterly statements, key ratios, valuation history and price charts.
Freshpet Key Stats
| Share Price | $66.16 |
|---|---|
| Market Cap | $3.69B |
| P/E Ratio | 25.1 |
| Revenue YoY Growth | +13.0% |
| 52-Week Range | $47.39 – $85.50 |
| Shares Outstanding | 49.2 million (basic, 2026 Q2) |
Freshpet Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $318.8M | $425.5M | $595.3M | $766.9M | $975.2M | $1.10B |
| Cost of Goods Sold | $185.9M | $263.3M | $409.3M | $516.0M | $579.2M | $652.4M |
| Gross Profit | $132.9M | $162.1M | $186.0M | $250.9M | $396.0M | $449.6M |
| Operating Income | -$2.0M | -$24.7M | -$52.0M | -$30.4M | $38.0M | $75.7M |
| Pre-Tax Income | -$3.1M | -$27.5M | -$55.5M | -$31.5M | $47.5M | $70.8M |
| Income Tax | $65,000 | $162,000 | $282,000 | $210,000 | $598,000 | -$68.4M |
| Net Income | -$3.2M | -$29.7M | -$59.5M | -$33.6M | $46.9M | $139.1M |
| Diluted EPS | -$0.08 | -$0.69 | -$1.29 | -$0.70 | $0.93 | $2.64 |
Freshpet Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $288.8M | $285.2M | $297.6M | $305.6M |
| Net Income | $101.7M | $33.8M | $48.5M | $19.5M |
| Diluted EPS | $1.86 | $0.60 | $0.91 | $0.39 |
Freshpet Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $67.2M | $72.8M | $132.7M | $296.9M | $268.6M | $278.0M |
| Current Assets | $109.1M | $150.3M | $262.0M | $427.3M | $437.0M | $435.7M |
| Total Assets | $434.4M | $784.4M | $1.13B | $1.46B | $1.57B | $1.78B |
| Current Liabilities | $33.1M | $58.9M | $89.6M | $89.2M | $98.9M | $78.6M |
| Total Long-Term Debt | — | — | — | $393.1M | $395.2M | $397.3M |
| Total Liabilities | $40.2M | $64.7M | $93.8M | $511.0M | $519.5M | $569.1M |
| Shareholders' Equity | $394.2M | $719.8M | $1.03B | $953.5M | $1.06B | $1.21B |
Freshpet Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $21.2M | $647,000 | -$43.2M | $75.9M | $154.3M | $160.6M |
| Cash From Investing | -$162.5M | -$322.1M | -$233.4M | -$239.1M | -$187.1M | -$148.2M |
| Cash From Financing | $199.0M | $327.0M | $336.5M | $327.3M | $4.6M | -$3.0M |
| Free Cash Flow | -$113.4M | -$321.5M | -$273.3M | -$163.2M | -$32.8M | $12.4M |
Figures from Freshpet's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Freshpet financials page for every line item.
Freshpet Company Profile
| Ticker | FRPT |
|---|---|
| Exchange | Nasdaq |
| Industry | Grain Mill Products |
| Headquarters | Bedminster, New Jersey |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001611647 |
Frequently Asked Questions
What was Freshpet's revenue in fiscal 2025?
Freshpet (FRPT) reported revenue of $1.10B for fiscal 2025.
What is Freshpet's annual revenue history?
Freshpet's annual revenue by fiscal year: 2020: $318.8M; 2021: $425.5M; 2022: $595.3M; 2023: $766.9M; 2024: $975.2M; 2025: $1.10B.
What was Freshpet's net income in fiscal 2025?
Freshpet reported net income of $139.1M for fiscal 2025.
What was Freshpet's earnings per share (EPS) in fiscal 2025?
Freshpet's diluted EPS was $2.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Freshpet generate in fiscal 2025?
Freshpet generated $12.4M of free cash flow in fiscal 2025.
What was Freshpet's revenue last quarter?
In its most recent reported quarter (2026 Q2), Freshpet reported revenue of $305.6M.
How much debt does Freshpet have?
Freshpet reported $397.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Freshpet are outstanding?
Freshpet reported a weighted average of 49.2 million basic shares outstanding in 2026 Q2.
What is Freshpet's market cap?
Based on its latest closing price, Freshpet (FRPT) has a market capitalization of about $3.69B.
When does Freshpet's fiscal year end?
Freshpet's fiscal year end, as registered with the SEC, is December 31.
Where is Freshpet headquartered?
Freshpet lists its business address in Bedminster, New Jersey in its SEC filings.