Filing Flows › Freshpet (FRPT) › Q1 2025
Freshpet (FRPT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Freshpet (FRPT) reported revenue of $263M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +0.2% from the quarter before. Operating margin was -4.4%, net loss $12.7M (4.8% of revenue).
Freshpet, Q1 2025: revenue $263M (+18% year over year), operating margin -4.4%, net loss $12.7M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $263M | +0.2% | +18% |
| Operating profit | −$11.5M | — | — |
| Net earnings | −$12.7M | — | — |
| Operating cash flow | $4.8M | -90% | -11% |
What changed
Revenue was $263.2M in Q1 2025, up 18% year over year and roughly flat from the previous quarter.
Gross margin was 39.4%, unchanged from a year earlier. Operating costs exceeded revenue by $11.5M, an operating margin of -4.4%. Operating expenses grew 45% against revenue growth of 18%. The quarter ended with a net loss of $12.7M, after a profit of $18.1M the previous quarter.
Operating cash flow was $4.8M (down 11% year over year). Non-cash charges added back $21.8M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $13.1M. Capital expenditures of $26.5M exceeded it, leaving free cash flow of −$21.7M.
Questions
What was Freshpet's revenue in the first quarter 2025?
Freshpet (FRPT) reported revenue of $263M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +0.2% from the quarter before.
Was Freshpet profitable in the first quarter 2025?
Operating loss was $11.5M (-4.4% of revenue) and net loss $12.7M.
Source: Freshpet 10-Q on SEC EDGAR.