Vital Farms (VITL) Cash Flow: Operating & Free Cash Flow

Vital Farms Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Vital Farms, Inc. (VITL) - 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
Operating Activities
Net Income	66.28	53.39	25.57	1.23	2.38	8.88	3.31	5.63
Depreciation & Amortization	14.51	17.28	7.93	5.44	3.54	2.55	1.92	1.44
Deferred Income Tax	1.79	-1.86	-0.18	0.63	-2.54	1.78	0.05	0.70
Stock Based Compensation	12.39	0.00	7.42	6.04	4.44	2.51	1.03	0.60
Change in Working Capital	-76.31	-16.22	2.49	-24.18	8.21	-3.89	-12.24	2.69
Change in Accounts Receivable	-14.91	-14.79	-0.86	-13.72	-4.72	-4.72	-6.18	-3.58
Change in Inventory	-47.79	8.93	-6.44	-15.57	1.73	0.03	-9.27	-1.04
Change in Accounts Payable	17.36	5.81	6.67	2.78	6.80	1.81	3.19	4.95
Change in Other Working Capital	1.38	-16.17	3.13	0.18	4.41	-1.01	0.02	2.37
Other Operating Activities	1.38	11.82	7.68	0.18	1.64	-0.13	0.57	0.36
Net Cash from Operating Activities	33.72	64.41	50.91	-8.10	17.68	11.70	-5.35	11.42
Investing Activities
Capital Expenditures	-81.95	-28.65	-11.54	-10.56	-16.71	-10.30	-4.80	-1.94
Acquisitions	0.00	0.00	0.00	-0.11	0.00	0.00	0.00	0.00
Purchases of Investments	-95.96	-1.70	-0.98	-33.82	-51.69	-68.39	0.00	0.00
Sales/Maturities of Investments	41.92	23.32	35.16	34.35	49.96	0.00	0.00	0.00
Other Investing Activities	1.60	0.00	-0.26	0.10	0.00	0.85	-0.82	0.03
Net Cash from Investing Activities	-134.25	-7.03	22.38	-10.04	-18.44	-77.84	-5.62	-1.91
Financing Activities
Debt Repayment	-4.48	-3.52	-2.25	-0.55	-0.47	-5.57	0.81	-1.08
Common Stock Issued	6.41	14.10	0.99	0.68	2.80	100.18	15.22	0.04
Common Stock Repurchased	0.00	0.00	0.00	0.00	0.00	0.00	-15.19	0.00
Other Financing Activities	-3.16	-1.51	-0.80	-0.04	-0.15	-0.19	-0.41	-0.47
Net Cash from Financing Activities	-1.23	9.07	-2.05	0.08	2.18	94.41	0.43	-1.51
Summary
Net Change in Cash	-101.77	66.45	71.24	-18.05	1.42	28.27	-10.54	11.82
Cash at Beginning of Period	150.60	84.15	12.91	30.97	29.54	1.27	11.82	3.81
Cash at End of Period	48.83	150.60	84.15	12.91	30.97	29.54	1.27	11.82
Free Cash Flow	-48.24	35.76	39.37	-18.66	0.97	1.40	-10.15	9.48
Supplemental Disclosures
Interest Paid	-	0.95	0.78	0.11	0.04	0.41	-	-
Income Taxes Paid	-	16.58	6.00	0.10	0.10	2.21	-	-

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 Cash Flow

What is Vital Farms's free cash flow?

Vital Farms had negative free cash flow of $48.23M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $33.72M minus $81.95M of capital expenditures.

How much does Vital Farms spend on capital expenditures?

Vital Farms spent $81.95M on capital expenditures in fiscal 2025, compared with $28.65M a year earlier. That equals 243.1% of operating cash flow.

Does Vital Farms pay dividends or buy back shares?

Vital Farms's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition