Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $107M | $141M | $214M | $261M | $362M | $472M | $606M | $759M |
| Revenue growth | — | 31.9% | 52.3% | 21.8% | 38.8% | 30.3% | 28.5% | 25.3% |
| Gross profit | $34.8M | $42.9M | $74.5M | $82.9M | $109M | $162M | $230M | $286M |
| Gross margin | 32.6% | 30.5% | 34.8% | 31.8% | 30.2% | 34.4% | 37.9% | 37.6% |
| Operating income | $6.77M | $3.35M | $12.2M | $52.0K | $2.10M | $33.3M | $63.6M | $88.4M |
| Operating margin | 6.3% | 2.4% | 5.7% | 0.0% | 0.6% | 7.0% | 10.5% | 11.6% |
| Net income | $5.80M | $2.38M | $8.80M | $2.43M | $1.25M | $25.6M | $53.4M | $66.3M |
| Net margin | 5.4% | 1.7% | 4.1% | 0.9% | 0.3% | 5.4% | 8.8% | 8.7% |
| EPS (diluted) | $0.16 | $0.07 | $0.27 | $0.06 | $0.03 | $0.59 | $1.18 | $1.44 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.4M | -$5.35M | $11.5M | $17.7M | -$8.10M | $50.9M | $64.8M | $33.7M |
| Capital expenditures | $1.94M | $4.80M | $10.3M | $16.7M | $10.5M | $11.5M | $28.6M | $82.0M |
| Free cash flow | $9.48M | -$10.2M | $1.21M | $971K | -$18.6M | $39.4M | $36.2M | -$48.2M |
| Share buybacks | — | $14.3M | — | — | — | — | — | — |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $1.27M | $29.5M | $31.0M | $12.9M | $84.1M | $151M | $48.8M |
| Total assets | — | $61.9M | $171M | $190M | $215M | $275M | $359M | $519M |
| Total liabilities | — | $30.1M | $29.0M | $38.2M | $56.3M | $82.5M | $90.0M | $167M |
| Long-term debt | — | $2.90M | — | — | — | — | — | — |
| Shareholders' equity | $4.27M | $8.56M | $142M | $152M | $158M | $193M | $269M | $351M |
| Retained earnings | — | $5.24M | $14.0M | $2.75M | $4.16M | $29.7M | $83.1M | $149M |
| Shares (wtd avg diluted) | 35.3M | 36.1M | 32.9M | 43.3M | 43.5M | 43.3M | 45.1M | 46.0M |
Every figure is extracted from Vital Farms, 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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