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VITL

Vital Farms, Inc.

VITL

Vital Farms, Inc. • NASDAQ
$32.70 ▲ 1.81% (+0.58)
Market Cap $1.46 B
52w High $53.13
52w Low $28.87
Dividend Yield 0%
P/E 24.77
Volume 445.76K
Outstanding Shares 44.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $198.936M ▲ $53.563M ▲ $16.419M ▼ 8.253% ▼ $0.37 $25.445M ▼
Q2-2025 $184.767M ▲ $47.987M ▲ $16.638M ▼ 9.005% ▼ $0.37 ▼ $26.53M ▼
Q1-2025 $162.189M ▼ $40.744M ▼ $16.901M ▲ 10.421% ▲ $0.38 ▲ $27.522M ▲
Q4-2024 $165.989M ▲ $46.872M ▲ $10.58M ▲ 6.374% ▲ $0.24 ▲ $20.674M ▲
Q3-2024 $145.002M $44.236M $7.446M 5.135% $0.17 $9.462M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $145.053M ▼ $481.504M ▲ $150.288M ▲ $331.216M ▲
Q2-2025 $154.997M ▼ $430.752M ▲ $120.974M ▲ $309.778M ▲
Q1-2025 $161.326M ▲ $376.889M ▲ $87.984M ▼ $288.905M ▲
Q4-2024 $160.293M ▼ $359.332M ▲ $90.03M ▼ $269.302M ▲
Q3-2024 $163.014M $344.668M $91.308M $253.36M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $16.638M ▼ $-761K ▼ $-47.507M ▼ $187K ▲ $-48.081M ▼ $-7.628M ▼
Q1-2025 $16.901M ▲ $5.274M ▼ $1.6M ▲ $-1.17M ▼ $5.704M ▲ $2.147M ▲
Q4-2024 $10.58M ▲ $14.781M ▲ $-15.381M ▼ $1.667M ▼ $1.067M ▼ $-3.383M ▼
Q3-2024 $7.446M ▼ $9.961M ▼ $2.602M ▲ $3.798M ▼ $16.361M ▼ $6.393M ▼
Q2-2024 $16.339M $15.719M $-1.274M $4.908M $19.353M $10.129M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Butter And Butter Related Products
Butter And Butter Related Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Eggs And Egg Related Products
Eggs And Egg Related Products
 $160.00M ▲$160.00M ▲$180.00M ▲$190.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Vital Farms shows a clear progression from a small, fast-growing brand to a profitable, scaled business. Revenue has increased strongly year after year, with growth well above what is typical for most packaged food companies. At the same time, the company has moved from roughly breakeven results to solid profitability, meaning it is now earning real money after covering its costs. Margins have gradually improved as the business has grown, suggesting better efficiency and good pricing power in its premium niche. The key watch points are how well the company can maintain this level of profitability if feed costs rise, competitors react on price, or consumers become more price-sensitive in a weaker economy.

Balance Sheet

Balance Sheet The balance sheet looks conservative and supportive of growth. Total assets have risen steadily as the company has invested in its operations, while cash levels have increased meaningfully in recent years. Debt remains very low relative to the size of the business, and equity has built up over time as profits are retained. This combination of a growing asset base, ample cash, and minimal borrowing gives Vital Farms financial flexibility to fund expansion and absorb shocks, such as swings in grain prices or temporary disruptions in supply or demand.

Cash Flow

Cash Flow Cash generation has improved alongside earnings. After earlier years with only modest or occasionally negative cash flow, Vital Farms now consistently produces cash from its operations. Even after spending on new facilities and equipment, there is room left over, meaning free cash flow is positive. The company is actively reinvesting in capacity, but it is doing so from a position of internal strength rather than heavy borrowing. The main risk is that large future projects or a sudden drop in demand could tighten cash flow for a period, especially if they accelerate investment plans.

Competitive Edge

Competitive Edge Vital Farms occupies a premium, ethics-focused corner of the egg and dairy aisle. Its brand is closely tied to pasture-raised standards, animal welfare, and transparency, which resonates strongly with a growing group of conscious consumers. The extensive network of small family farms and broad national distribution give it scale and visibility that many niche brands lack, and its traceable, story-driven marketing is hard for low-cost commodity players to mimic credibly. However, the company still competes in a basic food category where price remains important. Larger egg producers, private labels, and other premium brands can pressure shelf space and pricing, and the company must continue to justify its premium in every economic cycle.

Innovation and R&D

Innovation and R&D Innovation at Vital Farms is less about labs and patents and more about systems, farming practices, and technology-enabled trust. The company has created a traceability program that lets consumers see the farms behind their eggs, uses advanced tracking tools (including blockchain within its planning systems) for feed and supply, and runs highly automated grading and packing operations. It is also experimenting with regenerative agriculture through its "Restorative" line and its own farms, using them as testing grounds before rolling out new practices to partner farms. Product innovation extends beyond shell eggs into butter and other egg formats, widening its reach with the same ethical positioning. The key uncertainty is execution: scaling these innovations across more farms and new facilities while keeping standards high and costs under control is complex.

Summary

Vital Farms combines rapid growth, improving profitability, and a strong balance sheet with a differentiated brand in a relatively defensive category. It has turned a premium, ethical positioning in eggs into a real business advantage, supported by a unique farm network, strong retail relationships, and technology that deepens consumer trust. Financially, the company has shifted from “promising but early” to consistently profitable with healthy cash generation, while keeping debt low and cash levels comfortable. Looking ahead, the big opportunities lie in scaling capacity, expanding product lines, and further leveraging its sustainability and transparency story. The main risks relate to execution on expansion projects, volatility in agricultural input costs, and the need to keep convincing shoppers to pay a premium in a category where cheaper alternatives are always available.

NEWS

November 18, 2025 · 8:30 AM UTC

Vital Farms to Host Investor Day on December 16, 2025

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November 11, 2025 · 8:30 AM UTC

Vital Farms to Participate in Upcoming Investor Conferences

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November 4, 2025 · 7:20 AM UTC

Vital Farms Reports Third Quarter 2025 Financial Results

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October 21, 2025 · 8:30 AM UTC

Vital Farms to Report Third Quarter 2025 Financial Results on November 4, 2025

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September 25, 2025 · 4:05 PM UTC

Vital Farms to Participate in Telsey Advisory Group 2025 Global Consumer & Retail Conference

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