Vital Farms, Inc. (VITL) Income Statement
VITL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVITL revenue and net income
Where VITL's revenue goes
2025Each bar shows an amount and its share of revenue. VITL kept 8.7% of revenue as net income.
VITL profit margins
VITL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.3% | +28.0% | +28.8% | — |
| Gross profit | +24.2% | +37.7% | +30.8% | — |
| Operating income | +39.1% | +247.6% | +48.5% | — |
| Net income | +24.2% | +275.6% | +49.8% | — |
| EPS (diluted) | +22.0% | +316.0% | +83.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VITL quarterly EPS vs estimates
Vital Farms beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 3, 2026 (estimate $-0.13).
VITL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $759.4M | $606.3M | $471.9M | $362.1M | $260.9M | $214.3M | $140.7M | $106.7M | $74.0M |
| Cost of revenue | $473.8M | $376.4M | $309.5M | $252.6M | $178.0M | $139.8M | $97.9M | $71.9M | $55.6M |
| Gross profit | $285.7M | $229.9M | $162.3M | $109.4M | $82.9M | $74.5M | $42.9M | $34.8M | $18.4M |
| Sales, general & admin | $197.3M | $166.4M | $129.1M | $107.3M | $82.8M | $62.3M | $39.5M | $28.1M | $20.0M |
| Total operating expenses | $197.3M | $166.4M | $129.1M | $107.3M | $82.8M | $62.3M | $39.5M | $28.1M | $20.0M |
| Operating income | $88.4M | $63.6M | $33.3M | $2.1M | $52,000 | $12.2M | $3.4M | $6.8M | −$1.6M |
| Interest income | $5.0M | $5.2M | $2.5M | $992,000 | $381,000 | $97,000 | — | — | — |
| Interest expense | $874,000 | $1.0M | $782,000 | $114,000 | $52,000 | $488,000 | $349,000 | $424,000 | $524,000 |
| Income before taxes | $91.3M | $67.5M | $32.2M | $2.8M | $354,000 | $11.7M | $4.4M | $6.4M | −$2.1M |
| Income taxes | $25.0M | $14.2M | $6.6M | $1.6M | −$2.0M | $2.8M | $1.1M | $723,000 | $33,000 |
| Net income | $66.3M | $53.4M | $25.6M | $1.3M | $2.4M | $8.8M | $2.4M | $5.8M | −$1.9M |
| EBITDA | $106.0M | $81.6M | $40.9M | $8.4M | $3.9M | $14.7M | $6.7M | $8.2M | −$767,000 |
| EPS (diluted) | $1.44 | $1.18 | $0.58 | $0.02 | $0.05 | $0.07 | $0.06 | $0.17 | — |
| Gross margin | 37.6% | 37.9% | 34.4% | 30.2% | 31.8% | 34.8% | 30.5% | 32.6% | 24.8% |
| Operating margin | 11.6% | 10.5% | 7.0% | 0.6% | 0.0% | 5.7% | 2.4% | 6.3% | −2.2% |
| Net margin | 8.7% | 8.8% | 5.4% | 0.3% | 0.9% | 4.1% | 1.7% | 5.4% | −2.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $166.0M | $187.2M | $213.6M | $198.9M | $184.8M | $162.2M | $166.0M | $145.0M | $147.4M | $147.9M | $135.8M | $110.4M |
| Cost of revenue | $155.1M | $134.1M | $137.1M | $124.0M | $113.0M | $99.7M | $106.1M | $91.5M | $89.7M | $89.0M | $90.6M | $73.8M |
| Gross profit | $10.9M | $53.0M | $76.4M | $75.0M | $71.8M | $62.5M | $59.9M | $53.5M | $57.7M | $58.9M | $45.2M | $36.7M |
| Sales, general & admin | $40.4M | $55.3M | $55.0M | $53.6M | $48.0M | $40.7M | $46.9M | $44.2M | $40.5M | $34.7M | $36.1M | $31.4M |
| Total operating expenses | $51.1M | $55.3M | $55.0M | $53.6M | $48.0M | $40.7M | $46.9M | $44.2M | $40.5M | $34.7M | $36.1M | $31.4M |
| Operating income | −$40.1M | −$2.3M | $21.4M | $21.4M | $23.8M | $21.8M | $13.0M | $9.2M | $17.1M | $24.2M | $9.1M | $5.2M |
| Interest income | $227,000 | $772,000 | $1.2M | $1.3M | $1.3M | $1.2M | $1.4M | $1.4M | $1.3M | $1.1M | $1.0M | $707,000 |
| Interest expense | $421,000 | $190,000 | $1.5M | $213,000 | $218,000 | $234,000 | $239,000 | $259,000 | $257,000 | $255,000 | $269,000 | $238,000 |
| Income before taxes | −$40.8M | −$1.9M | $22.4M | $22.0M | $24.5M | $22.3M | $14.3M | $10.4M | $18.1M | $24.7M | $9.6M | $5.1M |
| Income taxes | −$9.7M | −$337,000 | $6.1M | $5.5M | $7.9M | $5.4M | $3.7M | $2.9M | $1.8M | $5.7M | $2.4M | $533,000 |
| Net income | −$31.1M | −$1.5M | $16.3M | $16.4M | $16.6M | $16.9M | $10.6M | $7.4M | $16.3M | $19.0M | $7.2M | $4.5M |
| EBITDA | −$36.7M | $2.3M | $32.8M | $25.4M | $26.5M | $27.5M | $20.7M | $9.5M | $22.6M | $28.9M | $12.2M | $5.8M |
| EPS (diluted) | −$0.47 | −$0.03 | $0.35 | $0.36 | $0.36 | $0.37 | $0.23 | $0.16 | $0.36 | $0.43 | $0.17 | $0.10 |
| Gross margin | 6.6% | 28.3% | 35.8% | 37.7% | 38.9% | 38.5% | 36.1% | 36.9% | 39.1% | 39.8% | 33.3% | 33.2% |
| Operating margin | −24.2% | −1.2% | 10.0% | 10.8% | 12.9% | 13.4% | 7.8% | 6.4% | 11.6% | 16.3% | 6.7% | 4.7% |
| Net margin | −18.7% | −0.8% | 7.6% | 8.3% | 9.0% | 10.4% | 6.4% | 5.1% | 11.1% | 12.9% | 5.3% | 4.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VITL's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VITL financial results
In fiscal year 2025 (ended December 31, 2025), Vital Farms reported revenue of $759.4 million, up 25.3% from the year before. It had net income of $66.3 million (up 24.2%), a net profit margin of 8.7%. Diluted earnings per share came to $1.44. Over five years revenue grew at an average rate of 28.8% a year.
See the VITL stock overview for the latest quote and news, or the VITL chart for price history and technical indicators.
VITL income statement FAQ
What is Vital Farms's annual revenue?
Vital Farms reported total revenue of $759.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 25.3% from $606.3 million the previous year.
Is Vital Farms profitable?
Yes. Vital Farms reported net income of $66.3 million in fiscal 2025, a net profit margin of 8.7%; its operating margin was 11.6%.
What is Vital Farms's gross margin?
Vital Farms's gross margin was 37.6% in fiscal 2025: for every $100 of revenue, Vital Farms kept $38 after the direct cost of its products and services.
How fast is Vital Farms growing?
Revenue grew 28.8% a year on average over the last five fiscal years, from $214.3 million to $759.4 million.
What are Vital Farms's earnings per share?
Vital Farms earned $1.44 per diluted share in fiscal 2025, compared with $1.18 a year earlier.
When will Vital Farms report its next earnings?
Vital Farms is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Vital Farms's fiscal year end?
Vital Farms's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.