Vital Farms, Inc. (VITL) Financial Statements
Industry: Food and Kindred Products
In fiscal 2025, Vital Farms reported revenue of $759.4M, up 25.3% from $606.3M the year before. Net income was $66.3M (a 8.7% net margin), or $1.44 per diluted share. Gross margin was 37.6% and operating margin was 11.6%. Operating activities generated $33.7M of cash, leaving -$48.2M of free cash flow. At fiscal year end, Vital Farms held $518.7M in total assets against $167.5M in total liabilities, including $48.8M of cash and equivalents.
Open the full interactive Vital Farms financials → Quarterly statements, key ratios, valuation history and price charts.
Vital Farms Key Stats
| Share Price | $9.34 |
|---|---|
| Market Cap | $401.0M |
| P/E Ratio | 6.5 |
| Revenue YoY Growth | +25.3% |
| 52-Week Range | $8.28 – $41.98 |
| Shares Outstanding | 42.9 million (basic, 2026 Q2) |
Vital Farms Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $214.3M | $260.9M | $362.1M | $471.9M | $606.3M | $759.4M |
| Cost of Goods Sold | $139.8M | $178.0M | $252.6M | $309.5M | $376.4M | $473.8M |
| Gross Profit | $74.5M | $82.9M | $109.4M | $162.3M | $229.9M | $285.7M |
| Operating Income | $12.2M | $52,000 | $2.1M | $33.3M | $63.6M | $88.4M |
| Pre-Tax Income | $11.7M | $354,000 | $2.8M | $32.2M | $67.5M | $91.3M |
| Income Tax | $2.8M | -$2.0M | $1.6M | $6.6M | $14.2M | $25.0M |
| Net Income | $8.8M | $2.4M | $1.3M | $25.6M | $53.4M | $66.3M |
| Diluted EPS | $0.27 | $0.06 | $0.03 | $0.59 | $1.18 | $1.44 |
Vital Farms Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $198.9M | $213.6M | $187.2M | $166.0M |
| Net Income | $16.4M | $16.3M | -$1.5M | -$31.1M |
| Diluted EPS | $0.36 | $0.35 | -$0.03 | -$0.72 |
Vital Farms Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $29.5M | $31.0M | $12.9M | $84.1M | $150.6M | $48.8M |
| Current Assets | $137.3M | $141.2M | $149.6M | $195.5M | $246.0M | $262.6M |
| Total Assets | $171.4M | $189.9M | $214.7M | $275.2M | $359.3M | $518.7M |
| Current Liabilities | $25.9M | $38.0M | $47.7M | $65.2M | $78.5M | $121.6M |
| Total Long-Term Debt | $798,000 | — | — | — | — | — |
| Total Liabilities | $29.0M | $38.2M | $56.3M | $82.5M | $90.0M | $167.5M |
| Shareholders' Equity | $142.0M | $151.5M | $158.3M | $192.7M | $269.3M | $351.3M |
Vital Farms Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $11.7M | $16.3M | -$8.1M | $50.9M | $64.8M | $33.7M |
| Cash From Investing | -$77.8M | -$17.1M | -$10.0M | $22.4M | -$7.0M | -$134.3M |
| Cash From Financing | $94.4M | $2.2M | $83,000 | -$2.1M | $8.7M | -$1.2M |
| Free Cash Flow | $1.4M | -$386,000 | -$18.6M | $39.4M | $36.2M | -$48.2M |
Figures from Vital Farms' 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 Vital Farms financials page for every line item.
Vital Farms Company Profile
| Ticker | VITL |
|---|---|
| Exchange | Nasdaq |
| Industry | Food and Kindred Products |
| Headquarters | Austin, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 27 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001579733 |
Frequently Asked Questions
What was Vital Farms' revenue in fiscal 2025?
Vital Farms (VITL) reported revenue of $759.4M for fiscal 2025.
What is Vital Farms' annual revenue history?
Vital Farms' annual revenue by fiscal year: 2020: $214.3M; 2021: $260.9M; 2022: $362.1M; 2023: $471.9M; 2024: $606.3M; 2025: $759.4M.
What was Vital Farms' net income in fiscal 2025?
Vital Farms reported net income of $66.3M for fiscal 2025.
What was Vital Farms' earnings per share (EPS) in fiscal 2025?
Vital Farms' diluted EPS was $1.44 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Vital Farms generate in fiscal 2025?
Vital Farms generated -$48.2M of free cash flow in fiscal 2025.
What was Vital Farms' revenue last quarter?
In its most recent reported quarter (2026 Q2), Vital Farms reported revenue of $166.0M.
How many shares of Vital Farms are outstanding?
Vital Farms reported a weighted average of 42.9 million basic shares outstanding in 2026 Q2.
What is Vital Farms' market cap?
Based on its latest closing price, Vital Farms (VITL) has a market capitalization of about $401.0M.
When does Vital Farms' fiscal year end?
Vital Farms' fiscal year end, as registered with the SEC, is December 27.
Where is Vital Farms headquartered?
Vital Farms lists its business address in Austin, Texas in its SEC filings.