Vital Farms, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $759.4M | $606.3M | $471.9M | $362.1M | $260.9M | $214.3M | $140.7M |
| Cost of Revenue | — | $473.8M | $376.4M | $309.5M | $252.6M | $178.0M | $139.8M | $97.9M |
| Gross Profit | — | $285.7M | $229.9M | $162.3M | $109.4M | $82.9M | $74.5M | $42.9M |
| Gross Margin | — | 37.6% | 37.9% | 34.4% | 30.2% | 31.8% | 34.8% | 30.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $159.4M | $133.9M | $101.7M | $77.2M | $57.9M | $47.4M | $29.5M |
| Operating Income | — | $88.4M | $63.6M | $33.3M | $2.1M | $52.0K | $12.2M | $3.4M |
| Operating Margin | — | 11.6% | 10.5% | 7.0% | 0.6% | 0.0% | 5.7% | 2.4% |
| Interest Expense | — | — | — | $782.0K | $114.0K | $52.0K | $488.0K | $349.0K |
| Pretax Income | — | $91.3M | $67.5M | $32.2M | $2.8M | $354.0K | $11.7M | $4.4M |
| Income Tax Expense | — | $25.0M | $14.2M | $6.6M | $1.6M | $-2.0M | $2.8M | $1.1M |
| Net Income | — | $66.3M | $53.4M | $25.6M | $1.3M | $2.4M | $8.8M | $2.4M |
| Net Margin | — | 8.7% | 8.8% | 5.4% | 0.3% | 0.9% | 4.1% | 1.7% |
| EPS (Basic) | — | $1.49 | $1.25 | $0.62 | $0.03 | $0.06 | $0.31 | $0.09 |
| EPS (Diluted) | — | $1.44 | $1.18 | $0.59 | $0.03 | $0.06 | $0.27 | $0.07 |
| Shares Outstanding (Basic) | 44.8M | 44.6M | 42.8M | 41.2M | 40.6M | 40.0M | 28.7M | 25.9M |
| Shares Outstanding (Diluted) | 44.8M | 46.0M | 45.1M | 43.3M | 43.5M | 43.3M | 32.9M | 36.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |