Vital Farms, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net revenue $106.7m $140.7m $214.3m $260.9m $362.1m $471.9m $606.3m $759.4m
Cost of goods sold $71.9m $97.9m $139.8m $178.0m $252.6m $309.5m $376.4m $473.8m
Gross profit $34.8m $42.9m $74.5m $82.9m $109.4m $162.3m $229.9m $285.7m
Selling, general and administrative $19.4m $29.5m $47.4m $57.9m $77.2m $101.7m $133.9m $159.4m
Total operating expenses $28.1m $39.5m $62.3m $82.8m $107.3m $129.1m $166.4m $197.3m
Income from operations $6.8m $3.4m $12.2m $52k $2.1m $33.3m $63.6m $88.4m
Shipping and distribution $8.6m $10.0m $14.9m $25.0m $30.1m $27.3m $32.4m $37.9m
Interest income $97k $381k $992k $2.5m $5.2m $5.0m
Income tax provision $723k $1.1m $2.8m ($2.0m) $1.6m $6.6m $14.2m $25.0m
Basic: $0 $0 $0 $0 $0 $1 $2 $2
Diluted: $0 $0 $0 $0 $0 $1 $1 $2
Net income before income taxes $6.4m $4.4m $11.7m $354k $2.8m $32.2m $67.5m $91.3m
Net income $5.6m $3.3m $8.9m $2.4m $1.2m $25.6m $53.4m $66.3m
Interest expense ($424k) ($349k) ($488k) ($52k) ($114k) ($782k) ($1.0m) ($874k)
Other expense, net $9k $1.4m ($86k) $354k ($151k) ($2.8m) ($250k) ($1.2m)
Total other income (expense), net ($415k) $1.1m ($574k) $302k $727k ($1.1m) $4.0m $2.9m