Vital Farms Inc (VITL) financial statements: income statement, balance sheet and cash flow
Vital Farms 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 28, 2025 · FY), Vital Farms Inc reported revenue of $759.4M (+25.3% year on year) and net income of $91.3M (+35.1% year on year).
Income statement
Vital Farms Inc income statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Net revenue
$759.4M
$606.3M
$471.9M
$362.1M
Cost of goods sold
$473.8M
$376.4M
$309.5M
$252.6M
Gross profit
$285.7M
$229.9M
$162.3M
$109.4M
Selling, general and administrative
$159.4M
$133.9M
$101.7M
$77.2M
Shipping and distribution
$37.9M
$32.4M
$27.3M
$30.1M
Total operating expenses
$197.3M
$166.4M
$129.1M
$107.3M
Income from operations
$88.4M
$63.6M
$33.3M
$2.1M
Interest expense
($874.0K)
($1.0M)
($782.0K)
($114.0K)
Interest income
$5.0M
$5.2M
$2.5M
$992.0K
Other expense, net
($1.2M)
($250.0K)
($2.8M)
($151.0K)
Total other income (expense), net
$2.9M
$4.0M
($1.1M)
$727.0K
Net income before income taxes
$91.3M
$67.5M
$32.2M
$2.8M
Income tax provision
$25.0M
$14.2M
$6.6M
$1.6M
Net income
$66.3M
$53.4M
$25.6M
$1.2M
Basic:
$1.49
$1.25
$0.62
$0.03
Diluted:
$1.44
$1.18
$0.59
$0.03
Basic:
44.6M
42.8M
41.2M
40.6M
Diluted:
46.0M
45.1M
43.3M
43.5M
Vital Farms Inc income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net revenue
$166.0M
$187.2M
$198.9M
$184.8M
Cost of goods sold
$155.1M
$134.1M
$124.0M
$113.0M
Gross profit
$10.9M
$53.0M
$75.0M
$71.8M
Selling, general and administrative
$40.4M
$44.4M
$44.4M
$39.0M
Shipping and distribution
$10.7M
$11.0M
$9.2M
$9.0M
Total operating expenses
$51.1M
$55.3M
$53.6M
$48.0M
(Loss) income from operations
($40.1M)
($2.3M)
$21.4M
$23.8M
Interest expense
($421.0K)
($190.0K)
($213.0K)
($218.0K)
Interest income
$227.0K
$772.0K
$1.3M
$1.3M
Other expense, net
($450.0K)
($109.0K)
($487.0K)
($378.0K)
Total other (expense) income, net
($644.0K)
$473.0K
$570.0K
$736.0K
Net (loss) income before income taxes
($40.8M)
($1.9M)
$22.0M
$24.5M
Income tax (benefit) provision
($9.7M)
($337.0K)
$5.5M
$7.9M
Net (loss) income
($31.1M)
($1.5M)
$16.4M
$16.6M
Basic:
-$0.72
-$0.03
$0.37
$0.37
Diluted:
-$0.72
-$0.03
$0.36
$0.36
Basic:
42.9M
44.6M
44.7M
44.6M
Diluted:
42.9M
44.6M
46.2M
45.8M
Balance sheet
Vital Farms Inc balance sheet, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Cash and cash equivalents
$48.8M
$150.6M
$84.1M
$12.9M
Investment securities, available-for-sale
$64.5M
$9.7M
$32.7M
$65.8M
Accounts receivable, net of allowance for credit losses of $685 and $691 as of December 28, 2025 and December 29, 2024, respectively
$67.8M
$54.3M
$39.7M
$40.2M
Inventories
$66.5M
$23.7M
$32.9M
$26.8M
Prepaid expenses and other current assets, net of allowance for credit losses of $34 and $240 as of December 28, 2025 and December 29, 2024, respectively
$11.3M
$7.7M
$6.1M
$3.8M
Income taxes receivable
$1.4M
—
—
—
Assets held for sale
$2.1M
—
—
—
Total current assets
$262.6M
$246.0M
$195.5M
$149.6M
Property, plant and equipment, net
$160.6M
$84.5M
$66.8M
$59.2M
Operating lease right-of-use assets
$80.4M
$19.6M
$8.9M
$1.9M
Goodwill and other assets
$15.2M
$9.2M
$3.9M
—
Total assets
$518.7M
$359.3M
$275.2M
$214.7M
Accounts payable
$55.1M
$38.6M
$33.5M
$26.0M
Accrued liabilities
$54.8M
$31.3M
$24.2M
$18.5M
Operating lease liabilities, current
$4.7M
$3.8M
$3.1M
$1.2M
Finance lease liabilities, current
$5.7M
$3.9M
$3.3M
$1.6M
Income taxes payable
$1.3M
$838.0K
$1.2M
$425.0K
Total current liabilities
$121.6M
$78.5M
$65.2M
$47.7M
Operating lease liabilities, non-current
$38.0M
$2.9M
$5.8M
$892.0K
Finance lease liabilities, non-current
$5.1M
$8.0M
$10.5M
$7.0M
Other liabilities
$2.8M
$572.0K
$1.0M
$767.0K
Total liabilities
$167.5M
$90.0M
$82.5M
$56.3M
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized as of December 28, 2025 and December 29, 2024; no shares issued and outstanding as of December 28, 2025 and December 29, 2024
$0.00
$0.00
$0.00
—
Common stock, $0.0001 par value per share, 310,000,000 shares authorized as of December 28, 2025 and December 29, 2024; 44,797,125 and 44,042,355 shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively
$4000.00
$4000.00
$4000.00
$4000.00
Additional paid-in capital
$201.8M
$186.2M
$163.3M
$155.7M
Retained earnings
$149.4M
$83.1M
$29.7M
$4.2M
Accumulated other comprehensive income
$41.0K
$3.0K
($377.0K)
($1.5M)
Total stockholders’ equity
$351.3M
$269.3M
$192.7M
$158.3M
Total liabilities and stockholders' equity
$518.7M
$359.3M
$275.2M
$214.7M
Vital Farms Inc balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$21.2M
$36.6M
$93.8M
$108.2M
Investment securities, available-for-sale
$0
$14.8M
$51.3M
$46.8M
Accounts receivable, net of allowance for credit losses of $442 and $685 as of June 28, 2026 and December 28, 2025, respectively
$50.7M
$51.4M
$58.3M
$68.4M
Inventories
$73.9M
$90.2M
$51.8M
$42.7M
Prepaid expenses and other current assets, net of allowance for credit losses of $28 and $34 as of June 28, 2026 and December 28, 2025, respectively
$13.5M
$12.4M
$12.1M
$6.4M
Income taxes receivable
$1.4M
$1.5M
$1.9M
—
Assets held for sale
$2.1M
$2.1M
$2.9M
$2.7M
Total current assets
$162.9M
$209.2M
$272.0M
$275.2M
Property, plant and equipment, net
$192.2M
$177.9M
$121.1M
$111.2M
Operating lease right-of-use assets
$122.4M
$90.1M
$75.2M
$31.2M
Goodwill and other assets
$24.5M
$15.5M
$13.3M
$13.2M
Total assets
$502.1M
$492.6M
$481.5M
$430.8M
Accounts payable
$56.2M
$54.6M
$35.4M
$66.4M
Accrued liabilities
$53.2M
$49.1M
$55.0M
$34.0M
Operating lease liabilities, current
$32.1M
$7.7M
$7.0M
$5.4M
Finance lease liabilities, current
$5.9M
$5.8M
$5.2M
$4.4M
Income taxes payable
$193.0K
$1.2M
$0
$690.0K
Total current liabilities
$147.6M
$118.4M
$102.6M
$110.8M
Long-term debt
$30.0M
—
—
—
Operating lease liabilities, non-current
$38.2M
$37.1M
$38.0M
$1.4M
Finance lease liabilities, non-current
$2.1M
$3.6M
$6.1M
$6.5M
Other liabilities
$550.0K
$2.6M
$3.6M
$2.3M
Total liabilities
$218.4M
$161.7M
$150.3M
$121.0M
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized as of June 28, 2026 and December 28, 2025; no shares issued and outstanding as of June 28, 2026 and December 28, 2025
$0.00
$0.00
$0.00
$0.00
Common stock, $0.0001 par value per share, 310,000,000 shares authorized as of June 28, 2026 and December 28, 2025; 42,928,046 and 44,797,125 shares issued and outstanding as of June 28, 2026 and December 28, 2025, respectively
$4000.00
$4000.00
$4000.00
$4000.00
Additional paid-in capital
$166.8M
$183.0M
$198.1M
$193.1M
Retained earnings
$116.8M
$147.9M
$133.1M
$116.7M
Accumulated other comprehensive income
$8.0K
$2.0K
$37.0K
$3.0K
Total stockholders’ equity
$283.7M
$330.9M
$331.2M
$309.8M
Total liabilities and stockholders' equity
$502.1M
$492.6M
$481.5M
$430.8M
Cash flow statement
Vital Farms Inc cash flow statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Net income
$66.3M
$53.4M
$25.6M
$1.2M
Depreciation and amortization
$13.8M
$13.1M
$7.9M
$5.4M
Reduction in the carrying amount of right-of-use assets
$8.9M
$4.2M
$4.1M
$1.8M
Amortization and accretion of available-for-sale securities
($1.3M)
—
—
—
Amortization of cloud computing arrangements
$668.0K
—
—
—
Amortization of debt issuance costs
$85.0K
$60.0K
—
—
Stock-based compensation expense
$12.4M
$10.3M
$7.4M
$6.0M
Uncertain tax positions
$1.1M
($82.0K)
$58.0K
—
Deferred taxes
$689.0K
($1.9M)
($179.0K)
$632.0K
Net realized losses on derivative instruments
$1.3M
$272.0K
$2.7M
—
Increase in inventory provision
$4.7M
—
—
($330.0K)
Other
$1.3M
$1.6M
$438.0K
$84.0K
Accounts receivable
($13.5M)
($14.8M)
($862.0K)
($13.7M)
Inventories
($47.8M)
$8.9M
($6.4M)
($15.6M)
Prepaid expenses and other current assets
($2.6M)
($1.2M)
($1.2M)
($271.0K)
Income taxes receivable
($1.4M)
$0
$0
$199.0K
Other assets
($8.0M)
—
—
—
Income taxes payable
$430.0K
($368.0K)
$782.0K
$425.0K
Accounts payable
$16.9M
$5.8M
$6.7M
$2.4M
Accrued liabilities
$14.3M
$6.7M
$5.2M
$3.8M
Operating lease liabilities
($34.7M)
($17.6M)
($1.8M)
($1.5M)
Net cash provided by operating activities
$33.7M
$64.8M
$50.9M
($8.1M)
Purchases of property, plant and equipment
($82.0M)
($28.6M)
($11.5M)
($10.5M)
Purchases of available-for-sale securities
($95.1M)
$0
($982.0K)
($33.8M)
Purchases of derivative instruments
($823.0K)
($1.7M)
($2.0M)
—
Sales of available-for-sale securities
$404.0K
$0
$2.9M
$0
Settlements of derivative instruments
$272.0K
$0
$106.0K
—
Maturities and call redemptions of available-for-sale securities
$41.2M
$23.3M
$32.3M
$34.3M
Proceeds from the sale of property, plant and equipment
$1.7M
$1.0K
$1.1M
$100.0K
Return of investment in variable interest entity
$0
$0
$552.0K
—
Net cash (used in) provided by investing activities
($134.3M)
($7.0M)
$22.4M
($10.0M)
Proceeds from borrowing under revolving line of credit
$0
$0
$7.5M
—
Proceeds from exercise of stock options
$5.6M
$13.7M
$692.0K
$675.0K
Proceeds from issuance of common stock under employee stock purchase plan
835.0K
419.0K
296.0K
—
Repayment of revolving line of credit
$0
$0
($7.5M)
—
Payment of tax withholding obligation on vested RSU shares
-3.2M
-1.5M
-796.0K
—
Principal payments under finance lease obligations
($4.5M)
($3.5M)
($2.2M)
($554.0K)
Payment of financing costs
$0
($414.0K)
—
—
Net cash (used in) provided by financing activities
($1.2M)
$8.7M
($2.1M)
$83.0K
Net (decrease) increase in cash and cash equivalents
($101.8M)
$66.5M
$71.2M
($18.1M)
Cash and cash equivalents at beginning of the period
$150.6M
$84.1M
$12.9M
$31.0M
Cash and cash equivalents at end of the period
$48.8M
$150.6M
$84.1M
$12.9M
Cash paid for interest
$782.0K
$950.0K
$775.0K
$114.0K
Cash paid for income taxes, net of amounts refunded
$24.2M
$16.6M
$6.0M
$99.0K
Purchases of property, plant and equipment included in accounts payable and accrued liabilities
$9.3M
$884.0K
$187.0K
$1.1M
Vital Farms Inc cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net (loss) income
($32.6M)
($1.5M)
$50.0M
$33.5M
Depreciation and amortization
$7.6M
$4.0M
$10.0M
$6.7M
Reduction in the carrying amount of right-of-use assets
$7.6M
$3.4M
$6.0M
$3.7M
Stock-based compensation expense
$1.4M
$2.8M
$9.1M
$5.9M
Amortization of capitalized cloud computing arrangement costs
$1.4M
$744.0K
—
—
Amortization and accretion of available-for-sale securities
($526.0K)
($490.0K)
($720.0K)
($296.0K)
Amortization of debt issuance costs
$42.0K
$21.0K
$64.0K
$43.0K
Uncertain tax positions
($1.1M)
($188.0K)
$1.6M
$1.7M
Deferred taxes
($9.8M)
$7.0K
$28.0K
($24.0K)
Net realized losses on derivative instruments
$563.0K
$118.0K
$1.3M
$822.0K
Increase in inventory provision
$8.3M
$709.0K
—
—
Other
$1.3M
$761.0K
$3.9M
$1.3M
Net change in operating assets and liabilities
($30.0M)
($28.8M)
($53.3M)
($48.9M)
Net cash (used in) provided by operating activities
($45.9M)
($18.6M)
$27.9M
$4.5M
Purchases of property, plant and equipment
($37.5M)
($20.8M)
($44.0M)
($10.0M)
Proceeds from the sale of available-for-sale securities
$43.0M
$28.2M
$404.0K
$404.0K
Maturities of available-for-sale securities
$22.0M
$22.0M
$29.2M
$7.9M
Purchases of derivative instruments
($261.0K)
($261.0K)
—
—
Proceeds from the settlement of derivative instruments
$202.0K
$137.0K
—
—
Proceeds from the sale of property, plant and equipment
$121.0K
$0
$1.0M
$608.0K
Purchases of available-for-sale securities
$0
—
($70.4M)
($45.1M)
Net cash provided by (used in) investing activities
$27.6M
$29.3M
($84.3M)
($45.9M)
Proceeds from draw on JPMorgan Credit Facility
$30.0M
—
—
—
Proceeds from issuance of common stock under employee stock purchase plan
404.0K
—
379.0K
379.0K
Proceeds from exercise of stock options
$0
$0
$5.5M
$3.6M
Repurchases of common stock
($35.2M)
($20.0M)
—
—
Payment of tax withholding obligation on vested restricted stock unit shares
-1.6M
-1.5M
-3.1M
-3.0M
Principal payments under finance lease obligations
($2.9M)
($1.4M)
($3.2M)
($2.0M)
Net cash used in financing activities
($9.3M)
($22.9M)
($404.0K)
($983.0K)
Net decrease in cash and cash equivalents
($27.6M)
($12.2M)
($56.8M)
($42.4M)
Cash and cash equivalents at beginning of the period
$48.8M
$48.8M
$150.6M
$150.6M
Cash and cash equivalents at end of the period
$21.2M
$36.6M
$93.8M
$108.2M
Cash paid for interest
$460.0K
$169.0K
$601.0K
$410.0K
Cash paid for income taxes, net of amounts refunded
$2.0M
$39.0K
$17.2M
$11.8M
Purchases of property, plant and equipment included in accounts payable and accrued liabilities