Vital Farms, Inc. (VITL)
Vital Farms, Inc. is a values-driven food enterprise dedicated to providing ethically sourced, pasture-raised products across the United States. Its diverse product portfolio primarily features a variety of egg-based items, such as fresh shell eggs, convenient hard-boiled eggs, liquid whole eggs, and popular egg bites, alongside dairy selections like butter and ghee. Established in 2007, the company maintains its headquarters in Austin, Texas.
Sector: Food and Kindred Products
Industry: Agricultural Farm Products
Vital Farms, Inc.
NASDAQ:VITLConsumer Defensive · Agricultural Farm Products
-2.08%$8.95
AH Close$9.00+0.56%vs close
AH Close$9.00+0.56%vs close
Mkt Cap$384.24M
Float42.93M
O/S42.93M
Inst Own84.2%
SI20.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$759.44M
Net Income$66.28M
Total Assets$518.74M
Free Cash Flow-$48.23M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$53.49M
Total Equity$351.26M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VITL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$518.74M
Liabilities$167.48M
Accounts Receivable$67.85M
Accounts Payable$55.14M
Inventory$66.5M
PP&E (Net)$240.99M
Goodwill$15.2M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $759.44M | $606.31M | $471.86M | $362.05M | $260.9M | $214.28M | $140.73M | $106.71M | $74M |
| YoY Growth | 25.3% | 28.5% | 30.3% | 38.8% | 21.8% | 52.3% | 31.9% | 44.2% | - |
| Cost of Revenue | $473.76M | $376.38M | $309.53M | $252.61M | $178M | $139.75M | $97.86M | $71.89M | $55.61M |
| Gross Profit | $285.68M | $229.93M | $162.33M | $109.44M | $82.9M | $74.53M | $42.88M | $34.82M | $18.39M |
| Gross Margin | 37.6% | 37.9% | 34.4% | 30.2% | 31.8% | 34.8% | 30.5% | 32.6% | 24.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $197.31M | $166.37M | $129.07M | $107.34M | $82.85M | $62.3M | $39.53M | $28.05M | $19.98M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $197.31M | $166.37M | $129.07M | $107.34M | $82.85M | $62.3M | $39.53M | $28.05M | $19.98M |
| Operating Income (EBIT) | $88.37M | $63.55M | $33.25M | $2.1M | $52K | $12.23M | $3.35M | $6.77M | -$1.6M |
| Operating Margin | 11.6% | 10.5% | 7.0% | 0.6% | 0.0% | 5.7% | 2.4% | 6.3% | -2.2% |
| Interest Expense | $874K | $1.01M | $782K | $114K | $52K | $488K | $349K | $424K | $524K |
| Interest Income | $5.01M | $5.25M | $2.54M | $992K | $381K | $97K | $0 | $0 | $0 |
| Other Income (Expense) | $2.89M | $3.99M | -$1.05M | $727K | $302K | -$574K | $1.07M | -$415K | -$515K |
| Income Before Tax (EBT) | $91.26M | $67.54M | $32.2M | $2.83M | $354K | $11.65M | $4.42M | $6.35M | -$2.11M |
| Income Tax Expense | $24.98M | $14.15M | $6.63M | $1.6M | -$2.03M | $2.77M | $1.11M | $723K | $33K |
| Net Income | $66.28M | $53.39M | $25.57M | $1.25M | $2.43M | $8.8M | $2.38M | $5.8M | -$1.92M |
| Net Income Margin | 8.7% | 8.8% | 5.4% | 0.3% | 0.9% | 4.1% | 1.7% | 5.4% | -2.6% |
| Supplementary Data | |||||||||
| EPS | 1.49 | 1.25 | 0.62 | 0.03 | 0.06 | 0.31 | 0.07 | 0.17 | -0.06 |
| Diluted EPS | 1.44 | 1.18 | 0.59 | 0.03 | 0.06 | 0.27 | 0.06 | 0.16 | -0.06 |
| Weighted Average OS | 44.59M | 42.85M | 41.19M | 40.65M | 40.03M | 28.67M | 34.14M | 34.14M | 34.09M |
| EBITDA | $105.98M | $81.64M | $40.91M | $8.39M | $3.95M | $14.69M | $6.69M | $8.21M | -$767K |
| EBITDA Margin | 14.0% | 13.5% | 8.7% | 2.3% | 1.5% | 6.9% | 4.8% | 7.7% | -1.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $48.83M | $150.6M | $84.15M | $12.91M | $30.97M | $29.54M | $1.27M | $11.81M |
| Short-Term Investments | $64.52M | $9.69M | $32.67M | $65.81M | $68.62M | $68.36M | $0 | $0 |
| Cash and Short-Term Investments | $113.35M | $160.29M | $116.82M | $78.73M | $99.59M | $97.9M | $1.27M | $11.81M |
| Accounts Receivable | $67.85M | $54.34M | $39.7M | $38.9M | $26.94M | $22.49M | $17.72M | $10.29M |
| Inventory | $66.5M | $23.67M | $32.9M | $26.85M | $10.95M | $12.9M | $12.95M | $3.87M |
| Other Current Assets | $14.86M | $7.74M | $6.11M | $5.14M | $278K | $0 | $0 | $0 |
| Total Current Assets | $262.55M | $246.04M | $195.52M | $149.61M | $141.29M | $137.26M | $34.65M | $27.09M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $240.99M | $104.14M | $75.75M | $61.05M | $44.61M | $30.12M | $22.46M | $18.66M |
| Goodwill | $15.2M | $3.86M | $3.86M | $4M | $3.86M | $3.86M | $3.86M | $3.86M |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $1.4M | $0 | $0 | $79K | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $3.9M | $46K | $0 | $110K | $142K | $982K | $246K |
| Total Long-Term Assets | $256.19M | $113.29M | $79.65M | $65.05M | $48.66M | $34.12M | $27.3M | $22.76M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $518.74M | $359.33M | $275.18M | $214.67M | $189.94M | $171.37M | $61.95M | $49.85M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $55.14M | $38.58M | $33.48M | $25.97M | $22.52M | $15.49M | $13.51M | $9.36M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $2.16M | $671K |
| Current Income Tax Payable | $1.27M | $838K | $1.21M | $425K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11.82M | $15.07M | $9.13M | $7.45M | $3.04M | $3.83M | $1.4M | $2.56M |
| Total Current Liabilities | $121.58M | $78.53M | $65.22M | $47.65M | $37.99M | $25.91M | $25M | $16.8M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $43.15M | $0 | $0 | $0 | $0 | $0 | $2.9M | $3.14M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $2.54M | $755K | $703K |
| Other Long-Term Liabilities | $2.75M | $572K | $1.03M | $767K | $192K | $210K | $654K | $601K |
| Total Long-Term Liabilities | $45.9M | $11.5M | $17.28M | $8.68M | $192K | $3.07M | $5.1M | $5.58M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $167.48M | $90.03M | $82.5M | $56.33M | $38.18M | $28.99M | $30.1M | $22.38M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4K | $4K | $4K | $4K | $5K | $5K | $3K | $3K |
| Retained Earnings | $149.4M | $83.11M | $29.73M | $4.16M | $2.75M | $14.04M | $5.24M | $2.85M |
| Comprehensive Income & Other | $41K | $3K | -$377K | -$1.55M | -$281K | -$31K | $0 | -$2.34M |
| Other Stockholders' Equity | $201.86M | $186.19M | $162.95M | $154.17M | $148.72M | $128M | $3.32M | $2.26M |
| Total Equity | $351.26M | $269.3M | $192.68M | $158.33M | $151.47M | $142.05M | $8.56M | $5.12M |
| Minority Interest | $0 | $0 | $0 | $0 | $290K | $338K | $23.29M | $22.36M |
| Total Liabilities and Equity | $518.74M | $359.33M | $275.18M | $214.67M | $189.65M | $171.04M | $38.66M | $27.49M |
| Supplementary Data | ||||||||
| Total Debt | $53.49M | $18.71M | $22.56M | $10.69M | $327K | $798K | $6.3M | $5.48M |
| Net Debt | $4.66M | -$131.89M | -$61.59M | -$2.22M | -$30.64M | -$28.75M | $5.03M | -$6.33M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2022-12-25 | 2021-12-26 | 2020-12-27 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $66.28M | $53.39M | $25.57M | $1.23M | $2.38M | $8.88M | $3.31M | $5.63M | -$2.15M |
| Depreciation & Amortization | $13.84M | $13.09M | $7.92M | $5.44M | $3.54M | $2.55M | $1.92M | $1.44M | $821K |
| Deferred Income Tax | $689K | -$1.86M | -$179K | $632K | -$2.54M | $1.78M | $52K | $703K | $526K |
| Stock-Based Compensation | $12.39M | $0 | $7.42M | $6.04M | $4.44M | $2.51M | $1.03M | $600K | $495K |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$14.91M | -$14.79M | -$862K | -$13.72M | -$4.72M | -$4.72M | -$6.18M | -$3.58M | -$719K |
| Inventory | -$47.79M | $8.93M | -$6.44M | -$15.57M | $1.73M | $29K | -$9.27M | -$1.04M | -$216K |
| Accounts Payable | $16.93M | $5.81M | $6.67M | $2.35M | $6.8M | $1.81M | $3.19M | $4.95M | -$315K |
| Other Working Capital | -$30.54M | -$16.17M | $3.13M | $2.76M | $4.41M | -$1.01M | $22K | $2.37M | -$3.1M |
| Total Working Capital Change | -$76.31M | -$16.22M | $2.49M | -$24.18M | $8.21M | -$3.89M | -$12.24M | $2.69M | -$4.34M |
| Other Non-Cash Items | $16.82M | $16.01M | $7.68M | $2.73M | $1.64M | -$131K | $572K | $363K | $158K |
| Net Cash from Operating | $33.72M | $64.41M | $50.91M | -$8.1M | $17.68M | $11.7M | -$5.35M | $11.42M | -$4.49M |
| Investing Activities | |||||||||
| Capital Expenditures | -$81.95M | -$28.65M | -$11.54M | -$10.56M | -$16.71M | -$10.3M | -$4.8M | -$1.94M | -$11.7M |
| Acquisitions | $0 | $0 | $0 | -$108K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$95.14M | -$1.7M | -$982K | -$33.82M | -$51.69M | -$68.39M | $0 | $0 | $0 |
| Sales of Investments | $41.24M | $23.32M | $35.16M | $34.34M | $49.96M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $1.6M | $1K | -$257K | $100K | $0 | $846K | -$824K | $29K | $9K |
| Net Cash from Investing | -$134.25M | -$7.03M | $22.38M | -$10.04M | -$18.44M | -$77.84M | -$5.62M | -$1.91M | -$11.7M |
| Financing Activities | |||||||||
| Debt Repaid | $4.48M | $3.52M | $2.25M | $554K | $471K | $5.57M | -$813K | $1.08M | -$3.46M |
| Common Stock Issuance | $6.41M | $14.1M | $988K | $675K | $2.8M | $100.17M | $15.22M | $40K | $11.05M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$15.19M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$3.16M | -$1.51M | -$796K | -$38K | -$152K | -$192K | -$409K | -$469K | -$221K |
| Net Cash from Financing | -$1.23M | $9.07M | -$2.05M | $83K | $2.18M | $94.41M | $434K | -$1.51M | $14.29M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$101.77M | $66.45M | $71.23M | -$18.05M | $1.42M | $28.27M | -$10.54M | $11.81M | $0 |
| Supplementary Data | |||||||||
| Operating Cash Flow | $33.72M | $64.41M | $50.91M | -$8.1M | $17.68M | $11.7M | -$5.35M | $11.42M | -$4.49M |
| Capital Expenditure | -$81.95M | -$28.65M | -$11.54M | -$10.56M | -$16.71M | -$10.3M | -$4.8M | -$1.94M | -$11.7M |
| Free Cash Flow | -$48.23M | $35.76M | $39.37M | -$18.66M | $971K | $1.4M | -$10.15M | $9.48M | -$16.19M |
| Cash at Beginning | $150.6M | $84.15M | $12.91M | $30.97M | $29.54M | $1.27M | $11.81M | $3.81M | $5.71M |
| Cash at End | $48.83M | $150.6M | $84.15M | $12.91M | $30.97M | $29.54M | $1.27M | $11.81M | $3.81M |