Vital Farms, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $147.4M | $147.9M | $135.8M | $110.4M | $106.4M | $119.2M | $110.1M | $92.0M |
| Cost of Revenue | $89.7M | $89.0M | $90.6M | $73.8M | $68.6M | $76.5M | $76.8M | $62.5M |
| Gross Profit | $57.7M | $58.9M | $45.2M | $36.7M | $37.8M | $42.7M | $33.3M | $29.5M |
| Gross Margin | 39.1% | 39.8% | 33.3% | 33.2% | 35.5% | 35.8% | 30.3% | 32.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $33.3M | $27.1M | $28.8M | $25.1M | $23.9M | $23.9M | $22.0M | $20.6M |
| Operating Income | $17.1M | $24.2M | $9.1M | $5.2M | $8.0M | $10.9M | $3.4M | $2.0M |
| Operating Margin | 11.6% | 16.3% | 6.7% | 4.7% | 7.6% | 9.1% | 3.1% | 2.2% |
| Interest Expense | $257.0K | $255.0K | $269.0K | $238.0K | $136.0K | $139.0K | $87.0K | $12.0K |
| Pretax Income | $18.1M | $24.7M | $9.6M | $5.1M | $7.9M | $9.7M | $3.7M | $2.2M |
| Income Tax Expense | $1.8M | $5.7M | $2.4M | $533.0K | $1.2M | $2.5M | $1.8M | $1.5M |
| Net Income | $16.3M | $19.0M | $7.2M | $4.5M | $6.7M | $7.2M | $1.9M | $723.0K |
| Net Margin | 11.1% | 12.9% | 5.3% | 4.1% | 6.3% | 6.0% | 1.7% | 0.8% |
| EPS (Basic) | $0.38 | $0.46 | $0.17 | $0.11 | $0.16 | $0.18 | $0.05 | $0.02 |
| EPS (Diluted) | $0.36 | $0.43 | $0.18 | $0.10 | $0.15 | $0.16 | $0.05 | $0.02 |
| Shares Outstanding (Basic) | 42.5M | 41.8M | 41.2M | 41.4M | 40.9M | 40.8M | 40.6M | 40.7M |
| Shares Outstanding (Diluted) | 45.2M | 43.8M | 43.3M | 43.1M | 43.3M | 43.4M | 43.5M | 42.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |