Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130M | $152M | $193M | $246M | $319M | $425M | $595M | $767M | $975M | $1.10B |
| Revenue growth | — | 17.5% | 26.8% | 27.2% | 29.7% | 33.5% | 39.9% | 28.8% | 27.2% | 13.0% |
| Gross profit | $60.4M | $72.4M | $90.0M | $114M | $133M | $162M | $186M | $251M | $396M | $450M |
| Gross margin | 46.5% | 47.5% | 46.6% | 46.4% | 41.7% | 38.1% | 31.2% | 32.7% | 40.6% | 40.8% |
| Operating income | -$2.21M | -$2.75M | -$4.89M | -$253K | -$2.00M | -$24.7M | -$52.0M | -$30.4M | $38.0M | $75.7M |
| Operating margin | -1.7% | -1.8% | -2.5% | -0.1% | -0.6% | -5.8% | -8.7% | -4.0% | 3.9% | 6.9% |
| Net income | -$3.16M | -$4.26M | -$5.36M | -$1.38M | -$3.19M | -$29.7M | -$59.5M | -$33.6M | $46.9M | $139M |
| Net margin | -2.4% | -2.8% | -2.8% | -0.6% | -1.0% | -7.0% | -10.0% | -4.4% | 4.8% | 12.6% |
| EPS (diluted) | -$0.09 | -$0.12 | -$0.15 | -$0.04 | -$0.08 | -$0.69 | -$1.29 | -$0.70 | $0.93 | $2.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.8M | $10.3M | $18.6M | $16.3M | $21.2M | $647K | -$43.2M | $75.9M | $154M | $161M |
| Capital expenditures | $30.0M | $13.0M | $16.3M | $70.6M | $135M | $322M | $230M | $239M | $187M | $148M |
| Free cash flow | -$17.2M | -$2.73M | $2.30M | -$54.3M | -$113M | -$321M | -$273M | -$163M | -$32.8M | $12.4M |
| Share buybacks | — | — | $256K | — | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.91M | $2.18M | $7.55M | $9.47M | $67.2M | $72.8M | $133M | $297M | $269M | $278M |
| Total assets | $126M | $134M | $140M | $236M | $434M | $784M | $1.13B | $1.46B | $1.57B | $1.78B |
| Total liabilities | $18.7M | $17.0M | $18.5M | $105M | $40.2M | $64.7M | $93.8M | $511M | $520M | $569M |
| Long-term debt | — | — | — | $54.5M | $0.00 | — | — | — | — | — |
| Shareholders' equity | $108M | $117M | $121M | $131M | $394M | $720M | $1.03B | $953M | $1.06B | $1.21B |
| Retained earnings | -$192M | -$196M | -$201M | -$203M | -$206M | -$236M | -$295M | -$329M | -$282M | -$143M |
| Shares (wtd avg diluted) | 33.7M | 34.5M | 35.3M | 36.0B | 39.8M | 42.9M | 46.2M | 48.2M | 50.3M | 56.0M |
Every figure is extracted from Freshpet, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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