Vital Farms, Inc. VITL

Consumer staples SIC 2000 - Food and Kindred Products NAICS Manufacturing › Food Manufacturing derived Nasdaq

Vital Farms' aspiration is to become America's most trusted food company. Every day, we aim to raise the standards in the food industry and disrupt industrial, factory food norms. Our eggs and butter are sourced through a distributed supply chain of small farms that uphold our high animal welfare standards and produce exceptional products. We believe this approach creates a more resilient business that has enabled us to continue growing through a dynamic chapter in our industry.

Our purpose is to improve the lives of people, animals and the planet through food. We are committed to Conscious Capitalism, which prioritizes positive, long-term outcomes for all of our stakeholders – farmers and suppliers, customers and consumers, communities and the environment, employees, who we refer to as crew members, and stockholders.

Last close 8.95 2026-10-26
Market cap $384.2M 2026-06-28 share count
52-week range 7.95 - 38.64

Valuation FY2025 figures against the last close

P/S0.5x
P/E6.2x
P/FCF—
EV/EBITDA3.9x
Dividend yield—
Diluted EPS1.44

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $759.4M$606.3M$471.9M$362.1M$260.9M$214.3M$140.7M$106.7M—
Cost of revenue $473.8M$376.4M$309.5M$252.6M$178.0M$139.8M$97.9M$71.9M—
Gross profit $285.7M$229.9M$162.3M$109.4M$82.9M$74.5M$42.9M$34.8M—
SG&A $159.4M$133.9M$101.7M$77.2M$57.9M$47.4M$29.5M$19.4M—
Total operating expenses $197.3M$166.4M$129.1M$107.3M$82.8M$62.3M$39.5M$28.1M—
Operating income $88.4M$63.6M$33.3M$2.1M$52.0K$12.2M$3.4M$6.8M—
Interest expense $874.0K$1.0M$782.0K$114.0K$52.0K$488.0K———
Pre-tax income $91.3M$67.5M$32.2M$2.8M$354.0K$11.7M$4.4M$6.4M—
Income tax $25.0M$14.2M$6.6M$1.6M$2.0M$2.8M$1.1M$723.0K—
Net income $66.3M$53.4M$25.6M$1.2M$2.4M$8.8M$2.4M$5.8M—
EPS, basic 1.491.250.620.030.060.310.090.22—
EPS, diluted 1.441.180.590.030.060.270.070.16—
Shares, diluted (wtd. avg.) 46.0M45.1M43.3M43.5M43.3M32.9M36.1M35.3M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $48.8M$150.6M$84.1M$12.9M$31.0M$29.5M$1.3M——
Receivables $67.8M$54.3M$39.7M$38.9M$26.9M$20.9M$16.1M——
Inventory $66.5M$23.7M$32.9M$26.8M$10.9M$12.9M$12.9M——
Total current assets $262.6M$246.0M$195.5M$149.6M$141.3M$137.3M$34.6M——
Property, plant and equipment $160.6M$84.5M$66.8M$59.2M$44.6M$30.1M$22.5M——
Goodwill $3.9M$3.9M$3.9M$3.9M$3.9M$3.9M$3.9M——
Total assets $518.7M$359.3M$275.2M$214.7M$189.9M$171.4M$61.9M——
Accounts payable $55.1M$38.6M$33.5M$26.0M$22.5M$15.5M$13.5M——
Short-term debt ——————$2.2M——
Total current liabilities $121.6M$78.5M$65.2M$47.7M$38.0M$25.9M$25.0M——
Long-term debt ——————$2.9M——
Total liabilities $167.5M$90.0M$82.5M$56.3M$38.2M$29.0M$30.1M——
Retained earnings $149.4M$83.1M$29.7M$4.2M$2.7M$14.0M$5.2M——
Total equity $351.3M$269.3M$192.7M$158.3M$151.6M$142.2M$8.6M$4.3M-$2.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $33.7M$64.8M$50.9M-$8.1M$17.7M$11.5M-$5.4M$11.4M—
Depreciation and amortisation $9.3M$9.3M$7.9M$5.4M$3.5M$2.5M$1.9M$1.4M—
Stock-based compensation $12.4M$10.3M$7.4M$6.0M$4.4M$2.5M$1.0M$600.0K—
Capital expenditure $82.0M$28.6M$11.5M$10.5M$16.7M$10.3M$4.8M$1.9M—
Investing cash flow -$134.3M-$7.0M$22.4M-$10.0M-$18.4M-$77.7M-$5.6M-$1.9M—
Financing cash flow -$1.2M$8.7M-$2.1M$83.0K$2.2M$94.4M$434.0K-$1.5M—
Buybacks ——————$14.3M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-182023.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2018: 106.7M Gross profit, FY2018: 34.8M Net income, FY2018: 5.8M Revenue, FY2019: 140.7M Gross profit, FY2019: 42.9M Net income, FY2019: 2.4M Revenue, FY2020: 214.3M Gross profit, FY2020: 74.5M Net income, FY2020: 8.8M Revenue, FY2021: 260.9M Gross profit, FY2021: 82.9M Net income, FY2021: 2.4M Revenue, FY2022: 362.1M Gross profit, FY2022: 109.4M Net income, FY2022: 1.2M Revenue, FY2023: 471.9M Gross profit, FY2023: 162.3M Net income, FY2023: 25.6M Revenue, FY2024: 606.3M Gross profit, FY2024: 229.9M Net income, FY2024: 53.4M Revenue, FY2025: 759.4M Gross profit, FY2025: 285.7M Net income, FY2025: 66.3M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $106.7M $140.7M $214.3M $260.9M $362.1M $471.9M $606.3M $759.4M
Gross profit — $34.8M $42.9M $74.5M $82.9M $109.4M $162.3M $229.9M $285.7M
Net income — $5.8M $2.4M $8.8M $2.4M $1.2M $25.6M $53.4M $66.3M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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