Freshpet, Inc. (FRPT)

Freshpet Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,079	975.18	766.9	595.34	425.49	318.79
Revenue Growth (YoY)	16.34%	27.16%	28.82%	39.92%	33.47%	29.66%
Cost of Revenue	641.73	579.22	516.02	409.31	261.59	182.38
Gross Profit	437.77	395.96	250.87	186.03	163.9	136.41
Selling, General & Admin	344.4	335.62	264.65	223.11	171.88	121.14
Operating Expenses	368.82	357.37	280.5	236.89	185.8	132.69
Operating Income	68.95	38.59	-29.63	-50.85	-21.91	3.72
Interest Expense	-14.29	-12.26	-14.1	-5.21	-2.88	-1.21
Interest & Investment Income	9.66	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	-	-	0.03
EBT Excluding Unusual Items	64.32	38.19	-32.7	-58.08	-26.78	2.54
Merger & Restructuring Charges	-1.27	-	0.07	-0.73	-	-
Gain (Loss) on Sale of Investments	-	9.92	-	-	-	-
Gain (Loss) on Sale of Assets	-0.71	-0.59	-0.77	-0.4	-1	-1.81
Legal Settlements	-5.7	-	-	-	-	-
Other Unusual Items	-10.68	-	-	-	-1.76	-3.85
Pretax Income	45.95	47.52	-33.4	-59.21	-29.54	-3.12
Income Tax Expense	-77.49	0.6	0.21	0.28	0.16	0.07
Net Income	123.44	46.93	-33.61	-59.49	-29.7	-3.19
Net Income to Common	123.44	46.93	-33.61	-59.49	-29.7	-3.19
Shares Outstanding (Basic)	49	48	48	46	43	40
Shares Outstanding (Diluted)	55	50	48	46	43	40
Shares Change (YoY)	9.80%	4.34%	4.27%	7.59%	7.98%	10.59%
EPS (Basic)	2.53	0.97	-0.70	-1.29	-0.69	-0.08
EPS (Diluted)	2.38	0.93	-0.70	-1.29	-0.69	-0.08
Free Cash Flow	2.43	-32.8	-163.15	-273.3	-321.45	-113.38
Free Cash Flow Per Share	0.04	-0.65	-3.39	-5.92	-7.49	-2.85
Gross Margin	40.55%	40.60%	32.71%	31.25%	38.52%	42.79%
Operating Margin	6.39%	3.96%	-3.86%	-8.54%	-5.15%	1.17%
Profit Margin	11.43%	4.81%	-4.38%	-9.99%	-6.98%	-1.00%
Free Cash Flow Margin	0.22%	-3.36%	-21.27%	-45.91%	-75.55%	-35.56%
EBITDA	157.12	112.2	28.89	-16.3	8.56	24.84
EBITDA Margin	14.56%	11.51%	3.77%	-2.74%	2.01%	7.79%
D&A For EBITDA	88.16	73.62	58.52	34.56	30.47	21.13
EBIT	68.95	38.59	-29.63	-50.85	-21.91	3.72
EBIT Margin	6.39%	3.96%	-3.86%	-8.54%	-5.15%	1.17%
Effective Tax Rate	-	1.26%	-	-	-	-
Advertising Expenses	-	127.68	97.88	71.72	53.69	38.48

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q