Freshpet Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,102	975.18	766.9	595.34	425.49
Revenue Growth (YoY)	13.01%	27.16%	28.82%	39.92%	33.47%
Cost of Revenue	652.39	579.22	516.02	409.31	261.59
Gross Profit	449.63	395.96	250.87	186.03	163.9
Selling, General & Admin	330.24	335.62	264.65	223.11	171.88
Operating Expenses	355.69	357.37	280.5	236.89	185.8
Operating Income	93.94	38.59	-29.63	-50.85	-21.91
Interest Expense	-14.12	-12.26	-14.1	-5.21	-2.88
Interest & Investment Income	9.22	11.87	13.03	1.71	0.01
Earnings From Equity Investments	-	-	-1.89	-3.73	-2.01
Other Non Operating Income (Expenses)	-	-	-0.11	-	-
EBT Excluding Unusual Items	89.04	38.19	-32.7	-58.08	-26.78
Merger & Restructuring Charges	-1.27	-	0.07	-0.73	-
Gain (Loss) on Sale of Investments	-	9.92	-	-	-
Gain (Loss) on Sale of Assets	-0.61	-0.59	-0.77	-0.4	-1
Legal Settlements	-5.7	-	-	-	-
Other Unusual Items	-10.68	-	-	-	-1.76
Pretax Income	70.77	47.52	-33.4	-59.21	-29.54
Income Tax Expense	-68.36	0.6	0.21	0.28	0.16
Net Income	139.14	46.93	-33.61	-59.49	-29.7
Net Income to Common	139.14	46.93	-33.61	-59.49	-29.7
Net Income Growth	196.51%	-	-	-	-
Shares Outstanding (Basic)	49	48	48	46	43
Shares Outstanding (Diluted)	56	50	48	46	43
Shares Change (YoY)	11.51%	4.34%	4.27%	7.59%	7.98%
EPS (Basic)	2.85	0.97	-0.70	-1.29	-0.69
EPS (Diluted)	2.64	0.93	-0.70	-1.29	-0.69
EPS Growth	183.94%	-	-	-	-
Free Cash Flow	12.38	-32.8	-163.15	-273.3	-321.45
Free Cash Flow Per Share	0.22	-0.65	-3.39	-5.92	-7.49
Gross Margin	40.80%	40.60%	32.71%	31.25%	38.52%
Operating Margin	8.52%	3.96%	-3.86%	-8.54%	-5.15%
Profit Margin	12.63%	4.81%	-4.38%	-9.99%	-6.98%
Free Cash Flow Margin	1.12%	-3.36%	-21.27%	-45.91%	-75.55%
EBITDA	183.66	112.2	28.89	-16.3	8.56
EBITDA Margin	16.67%	11.51%	3.77%	-2.74%	2.01%
D&A For EBITDA	89.72	73.62	58.52	34.56	30.47
EBIT	93.94	38.59	-29.63	-50.85	-21.91
EBIT Margin	8.52%	3.96%	-3.86%	-8.54%	-5.15%
Effective Tax Rate	-	1.26%	-	-	-
Advertising Expenses	157.84	127.68	97.88	71.72	53.69

Updated Feb 23, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q