Vital Farms Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 25, 2022	Dec '21 Dec 26, 2021	Dec '20 Dec 27, 2020
Revenue	711.88	606.31	471.86	362.05	260.9	214.28
Revenue Growth (YoY)	23.56%	28.49%	30.33%	38.77%	21.76%	52.26%
Cost of Revenue	442.75	376.38	309.53	251.6	178	139.75
Gross Profit	269.13	229.93	162.33	110.45	82.9	74.53
Selling, General & Admin	189.17	166.37	129.07	106.15	82.85	62.3
Operating Expenses	189.17	166.37	129.07	106.15	82.85	62.3
Operating Income	79.97	63.55	33.25	4.3	0.05	12.23
Interest Expense	-0.91	-1.01	-0.78	-0.11	-0.05	-0.49
Interest & Investment Income	5.25	5.25	2.54	0.99	0.38	0.1
Other Non Operating Income (Expenses)	-1.13	-0.25	-2.63	-0.06	-0.03	-0.18
EBT Excluding Unusual Items	83.18	67.54	32.38	5.12	0.35	11.65
Merger & Restructuring Charges	-	-	-	-2.2	-	-
Gain (Loss) on Sale of Investments	-0.02	-0	-0.18	-0.1	-	-
Pretax Income	83.16	67.54	32.2	2.83	0.35	11.65
Income Tax Expense	22.63	14.15	6.64	1.6	-2.03	2.77
Earnings From Continuing Operations	60.54	53.39	25.57	1.23	2.38	8.88
Minority Interest in Earnings	-	-	-	0.02	0.05	-0.08
Net Income	60.54	53.39	25.57	1.25	2.43	8.8
Net Income to Common	60.54	53.39	25.57	1.25	2.43	8.8
Net Income Growth	21.03%	108.82%	1943.64%	-48.50%	-72.40%	268.97%
Shares Outstanding (Basic)	44	43	41	41	40	29
Shares Outstanding (Diluted)	46	45	43	43	43	33
Shares Change (YoY)	3.09%	4.19%	-0.36%	0.34%	31.62%	-8.75%
EPS (Basic)	1.36	1.25	0.62	0.03	0.06	0.31
EPS (Diluted)	1.32	1.18	0.59	0.03	0.06	0.27
EPS Growth	17.60%	100.00%	1866.66%	-50.00%	-77.78%	285.72%
Free Cash Flow	-19.47	36.18	39.37	-18.66	0.97	1.21
Free Cash Flow Per Share	-0.42	0.80	0.91	-0.43	0.02	0.04
Gross Margin	37.81%	37.92%	34.40%	30.51%	31.77%	34.78%
Operating Margin	11.23%	10.48%	7.05%	1.19%	0.02%	5.71%
Profit Margin	8.50%	8.80%	5.42%	0.35%	0.93%	4.11%
Free Cash Flow Margin	-2.73%	5.97%	8.34%	-5.15%	0.37%	0.57%
EBITDA	93.19	76.65	41.18	9.74	3.59	14.78
EBITDA Margin	13.09%	12.64%	8.73%	2.69%	1.38%	6.90%
D&A For EBITDA	13.23	13.09	7.93	5.44	3.54	2.55
EBIT	79.97	63.55	33.25	4.3	0.05	12.23
EBIT Margin	11.23%	10.48%	7.05%	1.19%	0.02%	5.71%
Effective Tax Rate	27.21%	20.95%	20.61%	56.55%	-	23.77%
Advertising Expenses	-	32.14	23.63	13.3	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.