Vital Farms (VITL) Financial Statements & Analysis

Vital Farms (VITL) Income Statement

Vital Farms reported revenue of $759.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 25.3% from $606.31M a year earlier. Net income was $66.28M, up 24.2% year over year, a net margin of 8.7%. Gross margin was 37.6% and operating margin 11.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $166.03M, down 10.1% from the same quarter a year earlier.

Vital Farms Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Vital Farms, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	759.44	606.31	471.86	362.05	260.90	214.28	140.73	106.71
Cost of Revenue	473.76	376.38	309.53	252.61	178.00	139.75	97.86	71.89
Gross Profit	285.68	229.93	162.33	109.44	82.90	74.53	42.88	34.82
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	197.31	166.37	129.07	107.34	82.85	62.30	39.53	28.05
Operating Expenses	197.31	166.37	129.07	107.34	82.85	62.30	39.53	28.05
Operating Income	88.37	63.55	33.25	2.10	0.05	12.23	3.35	6.77
Other Income/Expense
Interest Income	5.01	5.25	2.54	0.99	0.38	0.10	0.00	0.00
Interest Expense	0.87	1.01	-0.78	0.11	0.05	0.49	0.35	0.42
Other Income/Expense	-1.25	-0.25	-1.05	-0.15	0.30	-0.57	1.07	-0.42
Income
Income Before Tax	91.26	67.54	32.20	2.83	0.35	11.65	4.42	6.35
Income Tax Expense	24.98	14.15	6.64	1.60	-2.03	2.77	1.11	0.72
Net Income	66.28	53.39	25.57	1.25	2.43	8.80	2.39	5.80
Net Income - Continuous Operations	66.28	53.39	25.57	1.23	2.43	8.80	2.39	5.80
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	106.65	81.64	41.18	8.39	3.95	14.69	6.69	8.21
EBIT	92.14	68.55	33.25	2.95	0.41	12.23	-	-
Depreciation & Amortization	14.51	13.09	7.93	5.44	3.54	2.55	1.92	1.44
Earnings Per Share
Basic EPS	1.00	1.00	1.00	-	-	-	-	-
Diluted EPS	1.00	1.00	1.00	-	-	-	-	-
Basic Shares Outstanding	44.59	42.85	41.19	40.65	40.03	28.67	34.14	34.14
Diluted Shares Outstanding	46.02	45.13	43.31	43.47	43.32	32.91	37.12	37.12

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Vital Farms Financial Statements

What was Vital Farms's revenue in fiscal 2025?

Vital Farms reported revenue of $759.44M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 25.3% from $606.31M a year earlier.

Is Vital Farms profitable?

Yes. Vital Farms earned net income of $66.28M in fiscal 2025, a net margin of 8.7%. In fiscal 2024 it earned $53.39M.

What is Vital Farms's operating margin?

Vital Farms's operating income was $88.37M on revenue of $759.44M in fiscal 2025, an operating margin of 11.6%, compared with 10.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition