Freshpet (FRPT)

Nasdaq Consumer Staples Packaged Foods & Meats S&P SmallCap 600

$64.39

-0.43 (-0.66%)

Close of Nov 06, 2026 · end-of-day data

Source: Freshpet's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$129.71M	$152.36M	$193.24M	$245.86M	$318.79M	$425.49M	$595.34M	$766.89M	$975.18M	$1.10B
Cost of revenue	$69.34M	$79.94M	$103.25M	$131.66M	$185.88M	$263.34M	$409.31M	$516.02M	$579.22M	$652.39M
Gross profit	$60.37M	$72.42M	$89.99M	$114.20M	$132.91M	$162.15M	$186.03M	$250.87M	$395.96M	$449.63M
Research & development	$470.15K	$284.57K	$500.00K	$1.20M	$800.00K	—	—	—	—	—
Selling, general & admin	$62.59M	$75.17M	$94.88M	$114.45M	$134.91M	$186.81M	$238.02M	$281.32M	$357.96M	$373.95M
Operating income	-$2.21M	-$2.75M	-$4.89M	-$253.00K	-$2.00M	-$24.66M	-$51.98M	-$30.45M	$38.00M	$75.67M
Interest expense	$698.12K	$910.49K	$296.00K	$991.00K	$1.21M	$2.88M	$5.21M	$14.10M	$12.26M	$14.12M
Pre-tax income	-$3.09M	-$4.19M	-$5.28M	-$1.24M	-$3.12M	-$27.53M	-$55.48M	-$31.51M	$47.52M	$70.77M
Income tax	$65.75K	$75.19K	$77.00K	$144.00K	$65.00K	$162.00K	$282.00K	$210.00K	$598.00K	-$68.36M
Net income	-$3.16M	-$4.26M	-$5.36M	-$1.38M	-$3.19M	-$29.70M	-$59.49M	-$33.61M	$46.92M	$139.14M
EBITDA	$7.67M	$9.94M	$8.91M	$15.35M	$18.81M	$4.80M	-$17.65M	$27.72M	$107.50M	$162.07M
EPS (basic)	$-0.09	$-0.12	$-0.15	$-0.04	$-0.08	$-0.69	$-1.29	$-0.70	$0.97	$2.85
EPS (diluted)	$-0.09	$-0.12	$-0.15	$-0.04	$-0.08	$-0.69	$-1.29	$-0.70	$0.93	$2.64
Diluted shares	33.67M	34.49M	35.33M	35.95K	39.76M	42.93M	46.19M	48.16M	50.26M	56.04M
Gross margin	46.5%	47.5%	46.6%	46.4%	41.7%	38.1%	31.2%	32.7%	40.6%	40.8%
Operating margin	-1.7%	-1.8%	-2.5%	-0.1%	-0.6%	-5.8%	-8.7%	-4.0%	3.9%	6.9%
Net margin	-2.4%	-2.8%	-2.8%	-0.6%	-1.0%	-7.0%	-10.0%	-4.4%	4.8%	12.6%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$3.91M	$2.18M	$7.55M	$9.47M	$67.25M	$72.79M	$132.74M	$296.87M	$268.63M	$277.98M
Short-term investments	—	—	—	$0	—	$0	$20.00M	$0	$0	—
Receivables	$8.89M	$12.72M	$12.33M	$18.58M	$18.44M	$34.78M	$57.57M	$56.75M	$68.42M	$63.76M
Inventory	$5.40M	$10.12M	$9.32M	$12.54M	$19.12M	$35.57M	$58.29M	$63.24M	$80.79M	$76.77M
Total current assets	$19.24M	$26.96M	$30.96M	$54.32M	$109.10M	$150.32M	$261.96M	$427.32M	$437.00M	$435.71M
Total assets	$126.45M	$133.90M	$139.96M	$236.13M	$434.39M	$784.41M	$1.13B	$1.46B	$1.57B	$1.78B
Total current liabilities	$18.67M	$16.69M	$18.22M	$41.99M	$33.12M	$58.95M	$89.61M	$89.22M	$98.87M	$78.59M
Short-term debt	$7.00M	$0	$0	$54.50M	—	$0	—	—	—	—
Long-term debt	—	—	—	$54.47M	$0	$0	—	—	—	—
Total debt	$7.00M	$0	$0	$108.97M	$0	$0	—	—	—	—
Total liabilities	$18.67M	$17.00M	$18.49M	$104.86M	$40.22M	$64.66M	$93.81M	$510.97M	$519.52M	$569.12M
Shareholders' equity	$107.78M	$116.90M	$121.47M	$131.26M	$394.17M	$719.75M	$1.03B	$953.45M	$1.06B	$1.21B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$12.80M	$10.27M	$18.57M	$16.32M	$21.19M	$647.00K	-$43.23M	$75.94M	$154.29M	$160.56M
Capital expenditures	$29.95M	$13.00M	$16.27M	$70.63M	$134.57M	$322.10M	$230.07M	$239.09M	$187.09M	$148.18M
Free cash flow	-$17.15M	-$2.73M	$2.30M	-$54.32M	-$113.38M	-$321.45M	-$273.30M	-$163.15M	-$32.80M	$12.38M
Investing cash flow	-$26.69M	-$13.00M	-$16.27M	-$70.63M	-$162.46M	-$322.10M	-$233.36M	-$239.09M	-$187.09M	-$148.18M
Financing cash flow	$9.77M	$1.01M	$3.07M	$56.23M	$199.04M	$326.99M	$336.54M	$327.29M	$4.57M	-$3.04M
Share buybacks	—	—	$256.23K	—	—	—	—	—	—	—
Stock-based compensation	$4.19M	$4.44M	$6.81M	$7.83M	$10.93M	$25.00M	$26.09M	$24.93M	$51.81M	$13.88M
Depreciation & amortization	$9.89M	$12.69M	$13.80M	$15.60M	$20.80M	$29.47M	$34.33M	$58.17M	$69.50M	$86.40M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$215.42M	$223.85M	$235.25M	$253.37M	$262.71M	$263.25M	$264.69M	$288.85M	$285.23M	$297.64M	$305.59M	$317.84M
Cost of revenue	$140.85M	$135.69M	$141.30M	$151.12M	$151.11M	$159.46M	$156.50M	$174.66M	$161.77M	$176.97M	$176.89M	$176.53M
Gross profit	$74.58M	$88.16M	$93.95M	$102.25M	$111.60M	$103.79M	$108.19M	$114.19M	$123.46M	$120.67M	$128.69M	$141.31M
Selling, general & admin	$59.68M	$79.69M	$95.70M	$90.34M	$92.22M	$115.28M	$90.39M	$89.29M	$78.99M	$116.34M	$106.98M	$106.18M
Operating income	$14.89M	$8.46M	-$1.75M	$11.91M	$19.38M	-$11.50M	$17.80M	$24.90M	$44.46M	$4.33M	$21.71M	$35.13M
Interest expense	$3.45M	$3.06M	$2.75M	$2.92M	$3.53M	$3.46M	$3.75M	$3.55M	$3.36M	$3.59M	$3.48M	$3.41M
Pre-tax income	$15.29M	$18.66M	-$1.64M	$11.95M	$18.56M	-$12.56M	$16.25M	$23.70M	$43.38M	$65.64M	$25.59M	$34.42M
Income tax	$0	$54.00K	$54.00K	$54.00K	$436.00K	$134.00K	-$102.00K	-$77.96M	$9.56M	$17.13M	$6.11M	$4.71M
Net income	$15.29M	$18.60M	-$1.69M	$11.89M	$18.12M	-$12.70M	$16.36M	$101.66M	$33.81M	$48.51M	$19.49M	$29.71M
EBITDA	$27.93M	$24.27M	$15.56M	$30.73M	$36.94M	$9.42M	$37.66M	$48.54M	$66.45M	$28.27M	$45.63M	$57.82M
EPS (basic)	$0.32	$0.38	$-0.03	$0.25	$0.38	$-0.26	$0.34	$2.08	$0.69	$0.99	$0.40	$0.61
EPS (diluted)	$0.32	$0.37	$-0.03	$0.24	$0.36	$-0.26	$0.33	$1.86	$0.64	$0.91	$0.39	$0.58
Diluted shares	40.00K	50.05M	48.46M	50.28M	52.00K	48.73M	50.20M	55.88M	46.00K	56.06M	55.81M	54.74M
Gross margin	34.6%	39.4%	39.9%	40.4%	42.5%	39.4%	40.9%	39.5%	43.3%	40.5%	42.1%	44.5%
Operating margin	6.9%	3.8%	-0.7%	4.7%	7.4%	-4.4%	6.7%	8.6%	15.6%	1.5%	7.1%	11.1%
Net margin	7.1%	8.3%	-0.7%	4.7%	6.9%	-4.8%	6.2%	35.2%	11.9%	16.3%	6.4%	9.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$296.87M	$257.89M	$251.70M	$274.59M	$268.63M	$243.73M	$243.68M	$274.59M	$277.98M	$381.38M	$350.81M	$345.86M
Short-term investments	$0	—	$0	$0	$0	—	—	—	—	—	—	—
Receivables	$56.75M	$68.51M	$68.16M	$65.02M	$68.42M	$62.65M	$60.38M	$64.33M	$63.76M	$65.37M	$65.38M	$68.56M
Inventory	$63.24M	$71.86M	$73.25M	$72.79M	$80.79M	$82.02M	$90.58M	$69.84M	$76.77M	$80.59M	$86.73M	$95.15M
Total current assets	$427.32M	$406.96M	$405.22M	$421.29M	$437.00M	$405.39M	$409.18M	$423.55M	$435.71M	$541.79M	$517.07M	$526.92M
Total assets	$1.46B	$1.48B	$1.51B	$1.53B	$1.57B	$1.56B	$1.65B	$1.75B	$1.78B	$1.84B	$1.81B	$1.81B
Total current liabilities	$89.22M	$81.95M	$90.00M	$89.24M	$98.87M	$82.57M	$84.98M	$76.75M	$78.59M	$87.65M	$85.52M	$92.85M
Total liabilities	$510.97M	$502.75M	$510.53M	$510.25M	$519.52M	$509.54M	$575.84M	$567.14M	$569.12M	$577.12M	$574.72M	$581.72M
Shareholders' equity	$953.45M	$977.84M	$995.80M	$1.02B	$1.06B	$1.05B	$1.07B	$1.18B	$1.21B	$1.26B	$1.24B	$1.23B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$36.97M	$5.41M	$42.41M	$56.10M	$50.37M	$4.81M	$33.89M	$66.76M	$55.11M	$40.33M	$44.42M	$60.76M
Capital expenditures	$77.45M	$46.47M	$48.32M	$34.03M	$58.26M	$26.49M	$33.44M	$35.20M	$53.05M	$27.60M	$29.73M	$22.93M
Free cash flow	-$40.48M	-$41.07M	-$5.91M	$22.07M	-$7.89M	-$21.68M	$445.00K	$31.56M	$2.06M	$12.73M	$14.70M	$37.83M
Investing cash flow	-$77.45M	-$46.47M	-$48.32M	-$34.03M	-$58.26M	-$26.49M	-$33.44M	-$35.20M	-$53.05M	$67.86M	-$25.19M	-$22.93M
Financing cash flow	-$757.00K	$2.09M	-$286.00K	$828.00K	$1.93M	-$3.22M	-$493.00K	-$653.00K	$1.33M	-$4.78M	-$49.81M	-$42.78M
Share buybacks	—	—	—	—	—	—	—	$0	—	—	—	$47.91M
Stock-based compensation	-$17.00K	$6.22M	$19.53M	$12.11M	$13.95M	$8.82M	$6.22M	$5.22M	-$6.37M	$9.14M	$6.38M	$5.89M
Depreciation & amortization	$13.03M	$15.81M	$17.31M	$18.82M	$17.56M	$20.92M	$19.85M	$23.64M	$21.99M	$23.94M	$23.92M	$22.69M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.