FRESHPET, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $975.2M | $766.9M | $595.3M | $425.5M | $318.8M | $245.9M | $193.2M |
| Cost of Revenue | $652.4M | $579.2M | $516.0M | $409.3M | $263.3M | $185.9M | $131.7M | $103.2M |
| Gross Profit | $449.6M | $396.0M | $250.9M | $186.0M | $162.1M | $132.9M | $114.2M | $90.0M |
| Gross Margin | 40.8% | 40.6% | 32.7% | 31.2% | 38.1% | 41.7% | 46.4% | 46.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $800.0K | $1.2M | $500.0K |
| SG&A Expense | $374.0M | $358.0M | $281.3M | $238.0M | $186.8M | $134.9M | $114.5M | $94.9M |
| Operating Income | $75.7M | $38.0M | $-30.4M | $-52.0M | $-24.7M | $-2.0M | $-253.0K | $-4.9M |
| Operating Margin | 6.9% | 3.9% | -4.0% | -8.7% | -5.8% | -0.6% | -0.1% | -2.5% |
| Interest Expense | — | — | $14.1M | $5.2M | $2.9M | $1.2M | $991.0K | $296.0K |
| Pretax Income | $70.8M | $47.5M | $-31.5M | $-55.5M | $-27.5M | $-3.1M | $-1.2M | $-5.3M |
| Income Tax Expense | $-68.4M | $598.0K | $210.0K | $282.0K | $162.0K | $65.0K | $144.0K | $77.0K |
| Net Income | $139.1M | $46.9M | $-33.6M | $-59.5M | $-29.7M | $-3.2M | $-1.4M | $-5.4M |
| Net Margin | 12.6% | 4.8% | -4.4% | -10.0% | -7.0% | -1.0% | -0.6% | -2.8% |
| EPS (Basic) | $2.85 | $0.97 | $-0.70 | $-1.29 | $-0.69 | $-0.08 | $-0.04 | $-0.15 |
| EPS (Diluted) | $2.64 | $0.93 | $-0.70 | $-1.29 | $-0.69 | $-0.08 | $-0.04 | $-0.15 |
| Shares Outstanding (Basic) | 48.8M | 48.5M | 48.2M | 46.2M | 42.9M | 39.8M | 36.0M | 35.3M |
| Shares Outstanding (Diluted) | 56.0M | 50.3M | 48.2M | 46.2M | 42.9M | 39.8M | 36.0M | 35.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |