Freshpet Inc (FRPT) financial statements: income statement, balance sheet and cash flow
Freshpet Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Freshpet Inc reported revenue of $1.1B (+13.0% year on year).
Income statement
Freshpet Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
NET SALES
$1.1B
$975.2M
$766.9M
$595.3M
COST OF GOODS SOLD
$652.4M
$579.2M
$516.0M
$409.3M
GROSS PROFIT
$449.6M
$396.0M
$250.9M
$186.0M
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES
$374.0M
$358.0M
$281.3M
$238.0M
INCOME (LOSS) FROM OPERATIONS
$75.7M
$38.0M
($30.4M)
($52.0M)
Interest and Other Income, net
$9.2M
$11.9M
$13.0M
$1.7M
Interest Expense
($14.1M)
($12.3M)
($14.1M)
($5.2M)
Gain on Equity Investment
$0
$9.9M
—
—
Other income (expenses)
($4.9M)
$9.5M
($1.1M)
($3.5M)
INCOME (LOSS) BEFORE INCOME TAXES
$70.8M
$47.5M
($31.5M)
($55.5M)
INCOME TAX (BENEFIT) EXPENSE
($68.4M)
$598.0K
$210.0K
$282.0K
LOSS ON EQUITY METHOD INVESTMENT
$0
$0
$1.9M
$3.7M
INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS
$139.1M
$46.9M
($33.6M)
($59.5M)
Change in foreign currency translation
$1.1M
($196.0K)
—
$1.5M
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
$1.1M
($196.0K)
($2.0M)
$1.5M
TOTAL COMPREHENSIVE INCOME (LOSS)
$140.3M
$46.7M
($35.6M)
($58.0M)
-BASIC (in dollars per share)
$2.85
$0.97
-$0.70
-$1.29
-DILUTED (in dollars per share)
$2.64
$0.93
-$0.70
-$1.29
-BASIC (in shares)
48.8M
48.5M
48.2M
46.2M
-DILUTED (in shares)
56.0M
50.3M
48.2M
46.2M
Freshpet Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
NET SALES
$305.6M
$297.6M
$288.8M
$264.7M
COST OF GOODS SOLD
$176.9M
$177.0M
$174.7M
$156.5M
GROSS PROFIT
$128.7M
$120.7M
$114.2M
$108.2M
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES
$107.0M
$116.3M
$89.3M
$90.4M
INCOME FROM OPERATIONS
$21.7M
$4.3M
$24.9M
$17.8M
Interest and Other Income, net
$2.8M
$2.9M
$2.4M
$2.2M
Interest Expense
($3.5M)
($3.6M)
($3.6M)
($3.7M)
Gain on Equity Investment
$4.5M
$62.0M
$0
$0
TOTAL OTHER INCOME (EXPENSES)
$3.9M
$61.3M
($1.2M)
($1.6M)
INCOME BEFORE INCOME TAXES
$25.6M
$65.6M
$23.7M
$16.3M
INCOME TAX EXPENSE (BENEFIT)
$6.1M
$17.1M
($78.0M)
($102.0K)
INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
$19.5M
$48.5M
$101.7M
$16.4M
Change in foreign currency translation
($247.0K)
($793.0K)
($86.0K)
$240.0K
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME
($247.0K)
($793.0K)
($86.0K)
$240.0K
TOTAL COMPREHENSIVE INCOME
$19.2M
$47.7M
$101.6M
$16.6M
-BASIC (in dollars per share)
$0.40
$0.99
$2.08
$0.34
-DILUTED (in dollars per share)
$0.39
$0.91
$1.86
$0.33
-BASIC (in shares)
49.2M
49.1M
48.8M
48.8M
-DILUTED (in shares)
55.8M
56.1M
55.9M
50.2M
Balance sheet
Freshpet Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$278.0M
$268.6M
$296.9M
$132.7M
Accounts receivable, net of allowance for doubtful accounts
$63.8M
$68.4M
$56.8M
$57.6M
Inventories, net
$76.8M
$80.8M
$63.2M
$58.3M
Prepaid expenses
$9.8M
$16.0M
$7.6M
$9.8M
Other current assets
$7.4M
$3.1M
$2.8M
$3.6M
Total Current Assets
$435.7M
$437.0M
$427.3M
$262.0M
Property, plant and equipment, net
$1.1B
$1.1B
$979.2M
$800.6M
Deposits on equipment
$118.0K
$1.0M
$1.9M
$3.8M
Operating lease right of use assets
$66.4M
$3.4M
$3.6M
$5.2M
Long term investment in equity securities
$33.4M
$33.4M
$23.5M
—
Deferred tax assets, net
$68.9M
—
—
—
Other assets
$34.5M
$34.2M
$28.9M
$28.4M
Total Assets
$1.8B
$1.6B
$1.5B
$1.1B
Accounts payable
$42.4M
$39.2M
$36.1M
$55.1M
Accrued expenses
$31.6M
$56.3M
$49.8M
$33.0M
Current operating lease liabilities
$2.2M
$1.3M
$1.3M
$1.5M
Current finance lease liabilities
$2.3M
$2.1M
$2.0M
—
Total Current Liabilities
$78.6M
$98.9M
$89.2M
$89.6M
Convertible senior notes
$397.3M
$395.2M
$393.1M
—
Long term operating lease liabilities
$65.0M
$2.2M
$2.6M
$4.2M
Long term finance lease liabilities
$28.1M
$23.3M
$26.1M
—
Deferred tax liabilities, net
$93.0K
—
—
—
Total Liabilities
$569.1M
$519.5M
$511.0M
$93.8M
Commitments and contingencies
$0
$0
—
—
Common stock — voting, $0.001 par value, 200,000 shares authorized, 48,985 issued and 48,970 outstanding on December 31, 2025, and 48,716 issued and 48,702 outstanding on December 31, 2024
49.0K
49.0K
48.0K
48.0K
Additional paid-in capital
$1.4B
$1.3B
$1.3B
$1.3B
Accumulated deficit
($142.7M)
($281.8M)
($328.7M)
($295.1M)
Accumulated other comprehensive income (loss)
$334.0K
($787.0K)
($591.0K)
$1.4M
Treasury stock, at cost — 14 shares on December 31, 2025 and on December 31, 2024
-256.0K
-256.0K
-256.0K
—
Total Stockholders' Equity
$1.2B
$1.1B
$953.5M
$1.0B
Total Liabilities and Stockholders' Equity
$1.8B
$1.6B
$1.5B
$1.1B
Freshpet Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$350.8M
$381.4M
$274.6M
$243.7M
Accounts receivable, net of allowance for doubtful accounts
$65.4M
$65.4M
$64.3M
$60.4M
Inventories, net
$86.7M
$80.6M
$69.8M
$90.6M
Prepaid expenses
$7.7M
$7.3M
$9.3M
$10.7M
Other current assets
$6.4M
$7.1M
$5.5M
$3.8M
Total Current Assets
$517.1M
$541.8M
$423.6M
$409.2M
Property, plant and equipment, net
$1.1B
$1.1B
$1.1B
$1.1B
Operating lease right of use assets
$64.8M
$65.6M
$66.7M
$67.5M
Long term investment in equity securities
$0
$0
$33.4M
$33.4M
Deferred tax assets, net
$47.4M
$52.8M
$77.9M
—
Other assets
$36.8M
$35.4M
$30.9M
$35.5M
Total Assets
$1.8B
$1.8B
$1.7B
$1.6B
Accounts payable
$36.8M
$35.5M
$30.8M
$42.8M
Accrued expenses
$44.1M
$47.5M
$41.5M
$37.9M
Current operating lease liabilities
$2.2M
$2.3M
$2.2M
$2.1M
Current finance lease liabilities
$2.4M
$2.3M
$2.3M
$2.2M
Total Current Liabilities
$85.5M
$87.6M
$76.7M
$85.0M
Convertible senior notes
$398.4M
$397.9M
$396.8M
$396.2M
Long term operating lease liabilities
$64.0M
$64.4M
$65.1M
$65.7M
Long term finance lease liabilities
$26.6M
$27.1M
$28.5M
$29.0M
Deferred tax liabilities, net
$129.0K
$111.0K
—
—
Total Liabilities
$574.7M
$577.1M
$567.1M
$575.8M
Commitments and contingencies
$0
$0
$0
$0
Common stock — voting, $0.001 par value, 200,000 shares authorized, 49,671 issued and 48,625 outstanding on June 30, 2026, and 48,985 issued and 48,970 outstanding on December 31, 2025
49.0K
49.0K
49.0K
49.0K
Additional paid-in capital
$1.4B
$1.4B
$1.4B
$1.4B
Accumulated deficit
($74.7M)
($94.2M)
($176.5M)
($278.1M)
Accumulated other comprehensive (loss) income
($706.0K)
($459.0K)
($422.0K)
($336.0K)
Treasury stock, at cost, inclusive of excise tax and broker fees — 1,046 shares on June 30, 2026 and 14000 shares on December 31, 2025
-54.8M
-256.0K
-256.0K
-256.0K
Total Stockholders' Equity
$1.2B
$1.3B
$1.2B
$1.1B
Total Liabilities and Stockholders' Equity
$1.8B
$1.8B
$1.7B
$1.6B
Cash flow statement
Freshpet Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$139.1M
$46.9M
($33.6M)
($59.5M)
Provision for loss (gains) on accounts receivable
$12.1M
$467.0K
($2.0K)
($20.0K)
Loss on disposal of property, plant and equipment
$2.2M
$1.3M
$4.3M
$396.0K
Share-based compensation
$13.9M
$51.8M
$24.9M
$26.1M
Depreciation and amortization
$89.7M
$73.6M
$58.5M
$34.6M
Write-off and amortization of deferred financing costs
$2.2M
—
—
—
Change in operating lease right of use asset
$2.3M
$1.4M
$1.5M
$1.4M
Deferred income taxes
($68.8M)
—
—
—
Inventory obsolescence
$0
$347.0K
$0
$3.5M
Gain on equity investment
$0
($9.9M)
—
—
Loss on equity method investment
$0
$0
$1.9M
$3.7M
Accounts receivable
($6.9M)
($12.2M)
$820.0K
($33.0M)
Inventories
$3.8M
($15.5M)
($1.2M)
($26.2M)
Prepaid expenses and other current assets
($1.3M)
$269.0K
($2.2M)
($435.0K)
Other assets
($4.1M)
($5.1M)
($4.1M)
($3.1M)
Accounts payable
$1.3M
$12.5M
$3.5M
($3.1M)
Accrued expenses
($23.4M)
$7.8M
$19.2M
$13.1M
Operating lease liability
($1.7M)
($1.5M)
($1.8M)
—
Net cash flows provided by operating activities
$160.6M
$154.3M
$75.9M
($43.2M)
Acquisitions of property, plant and equipment, software and deposits on equipment
($148.2M)
($187.1M)
($239.1M)
($230.1M)
Purchase of short-term investments
$0
$0
($113.4M)
($19.8M)
Proceeds from maturities of short-term investments
$0
$0
$113.4M
$19.8M
Net cash flows used in investing activities
($148.2M)
($187.1M)
($239.1M)
($233.4M)
Proceeds from exercise of options to purchase common stock
$2.1M
$9.1M
$4.5M
$471.0K
Tax withholdings related to net shares settlements of restricted stock units
-3.0M
-2.6M
-1.4M
-1.4M
Principal payments under finance lease obligations
($2.1M)
($2.0M)
($1.1M)
—
Purchase of capped call options
$0
$0
($66.2M)
—
Proceeds from issuance of convertible senior notes
$0
$0
$393.5M
—
Debt issuance costs
$0
$0
($2.0M)
—
Net cash flows (used in) provided by financing activities
($3.0M)
$4.6M
$327.3M
$336.5M
NET CHANGE IN CASH AND CASH EQUIVALENTS
$9.3M
($28.2M)
$164.1M
$59.9M
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
$268.6M
$296.9M
$132.7M
$72.8M
CASH AND CASH EQUIVALENTS, END OF PERIOD
$278.0M
$268.6M
$296.9M
$132.7M
Taxes paid
$910.0K
$193.0K
$308.0K
$297.0K
Interest paid, net of amounts capitalized
$11.5M
$10.2M
$9.3M
$3.2M
Operating right-of-use assets obtained in exchange for lease obligations
$65.4M
$1.8M
—
—
Property, plant and equipment and software purchases in accounts payable and accrued expenses
$9.3M
$7.8M
$19.3M
$44.3M
Non-cash addition of finance lease to property, plant and equipment
$7.2M
$746.0K
—
—
Tax withholdings related to net shares settlements of restricted stock units in accrued expenses
101.0K
0
29.2M
—
Freshpet Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$68.0M
$48.5M
$105.3M
$3.7M
Provision for loss on accounts receivable
$14.0K
$0
$12.1M
$11.5M
Loss on disposal of property, plant and equipment
$154.0K
$126.0K
$1.4M
$1.2M
Share-based compensation
$15.5M
$9.1M
$20.3M
$15.0M
Depreciation and amortization
$50.0M
$25.0M
$66.8M
$42.4M
Amortization of deferred financing costs
$1.1M
$554.0K
$1.6M
$1.1M
Change in operating lease right of use asset
$1.6M
$828.0K
$1.5M
$727.0K
Deferred income taxes
$21.5M
$16.1M
($77.9M)
—
Gain on equity investment
($66.6M)
($62.0M)
$0
$0
Accounts receivable
($1.5M)
($1.4M)
($7.4M)
($3.2M)
Inventories
($10.0M)
($3.1M)
$9.8M
($9.4M)
Prepaid expenses and other current assets
$2.4M
$544.0K
($4.0M)
($3.9M)
Other assets
($3.7M)
($1.3M)
$80.0K
($3.1M)
Accounts payable
($5.6M)
($8.1M)
($7.1M)
$2.3M
Accrued expenses
$12.7M
$16.1M
($15.9M)
($19.0M)
Operating lease liability
($1.0M)
($516.0K)
($1.2M)
($673.0K)
Net cash flows provided by operating activities
$84.8M
$40.3M
$105.5M
$38.7M
Proceeds from sale of equity investment
$100.0M
$95.5M
—
—
Acquisitions of property, plant and equipment, software and deposits on equipment
($57.3M)
($27.6M)
($95.1M)
($59.9M)
Net cash flows provided by (used in) investing activities
$42.7M
$67.9M
($95.1M)
($59.9M)
Purchase of treasury stock, inclusive of broker fees
($54.4M)
—
—
—
Proceeds from exercise of options to purchase common stock
$6.0M
$743.0K
$264.0K
$187.0K
Tax withholdings related to net shares settlements of restricted stock units
-4.6M
-4.5M
-3.1M
-2.9M
Principal payments under finance lease obligations
($1.6M)
($984.0K)
($1.6M)
($1.0M)
Net cash flows used in financing activities
($54.6M)
($4.8M)
($4.4M)
($3.7M)
NET CHANGE IN CASH AND CASH EQUIVALENTS
$72.8M
$103.4M
$6.0M
($24.9M)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR
$278.0M
$278.0M
$268.6M
$268.6M
CASH AND CASH EQUIVALENTS, END OF PERIOD
$350.8M
$381.4M
$274.6M
$243.7M
Interest paid, net of amounts capitalized
$5.8M
$6.1M
$11.9M
$6.0M
Taxes paid
$912.0K
$213.0K
—
—
Operating right-of-use assets obtained in exchange for lease obligations
$0
—
$64.9M
$64.9M
Property, plant and equipment and software purchases in accounts payable and accrued expenses
$8.5M
$9.7M
$7.0M
$9.1M
Excise tax on share repurchases included in accrued liabilities
$174.0K
—
—
—
Tax withholdings related to net shares settlements of restricted stock units in accrued expenses
24.0K
0
2.0K
301.0K
Non-cash addition of finance lease to property, plant and equipment