8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $759M | $66M | 37.6% | 11.6% | -$48M | — | $49M |
| 2024 | $606M | $53M | 37.9% | 10.5% | $36M | — | $151M |
| 2023 | $472M | $26M | 34.4% | 7.0% | $39M | — | $84M |
| 2022 | $362M | $1M | 30.2% | 0.6% | -$19M | — | $13M |
| 2021 | $261M | $2M | 31.8% | 0.0% | $971000 | — | $31M |
| 2020 | $214M | $9M | 34.8% | 5.7% | $1M | — | $30M |
| 2019 | $141M | $2M | 30.5% | 2.4% | -$10M | $5M | $1M |
| 2018 | $107M | $6M | 32.6% | 6.3% | $9M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $187M | -$2M | 28.3% | -1.2% | -$39M | — | $37M |
| Dec '25 | $214M | — | 35.8% | 10.0% | -$32M | — | $49M |
| Sep '25 | $199M | $16M | 37.7% | 10.8% | -$11M | — | $94M |
| Jun '25 | $185M | $17M | 38.9% | 12.9% | -$8M | — | $108M |
| Mar '25 | $162M | $17M | 38.5% | 13.4% | $2M | — | $156M |
| Dec '24 | $166M | — | 36.1% | 7.8% | -$3M | — | $151M |
| Sep '24 | $145M | $7M | 36.9% | 6.4% | $6M | — | $150M |
| Jun '24 | $147M | $16M | 39.1% | 11.6% | $11M | — | $133M |
| Mar '24 | $148M | $19M | 39.8% | 16.3% | $23M | — | $114M |
| Dec '23 | $136M | $7M | 33.3% | 6.7% | $21M | — | $84M |
| Sep '23 | $110M | $5M | 33.2% | 4.7% | $3M | — | $57M |
| Jun '23 | $106M | $7M | 35.5% | 7.6% | $11M | — | $48M |
| Mar '23 | $119M | $7M | 35.8% | 9.1% | $4M | — | $26M |
| Dec '22 | $110M | $2M | 30.3% | 3.1% | -$8M | — | $13M |
| Sep '22 | $92M | $723000 | 32.0% | 2.2% | -$3M | — | $19M |
| Jun '22 | $83M | $199000 | 30.1% | 0.9% | -$797000 | — | $22M |
| Mar '22 | $77M | -$2M | 28.2% | -5.3% | -$7M | — | $25M |
| Dec '21 | $77M | -$4M | 25.6% | -5.5% | $2M | — | $31M |
| Sep '21 | $65M | -$1M | 30.7% | -2.8% | -$9M | — | $28M |
| Jun '21 | $60M | $4M | 36.4% | 5.0% | $3M | — | $37M |
How the market has priced VITL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Vital Farms, Inc.'s revenue has grown 28.8% per year, and net income grown 49.8% per year. These are computed facts, not advice.
As of FY2025, Vital Farms, Inc. reported — of total debt against $49M of cash; operating income covered interest expense 101×.
In FY2025, gross margin was 37.6%, operating margin 11.6%, and net margin 8.7%.
As of Jun '26, Vital Farms, Inc. traded at a price-to-earnings ratio of about 6.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.