Filing Flows › Freshpet (FRPT) › Q2 2025
Freshpet (FRPT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Freshpet (FRPT) reported revenue of $265M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +0.5% from the quarter before. Operating margin was 6.7%, net earnings $16.4M (6.2% of revenue).
Freshpet, Q2 2025: revenue $265M (+12% year over year), operating margin 6.7%, net earnings $16.4M, operating cash flow $33.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +0.5% | +13% |
| Gross profit | $108M | +4% | +15% |
| Operating profit | $17.8M | — | — |
| Net earnings | $16.4M | — | — |
| Operating cash flow | $33.9M | +605% | -20% |
| Free cash flow | $445K | — | — |
What changed
Revenue was $264.7M in Q2 2025, up 13% year over year and up 1% from the previous quarter.
Gross margin was 40.9%, up 0.9 points from a year earlier. Operating profit was $17.8M, a 6.7% margin (up 7.5 points year over year). Operating expenses fell 6% while revenue rose 13%. Net earnings were $16.4M. The effective tax rate was -0.6%.
Operating cash flow was $33.9M (down 20% year over year), 207% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $33.4M left free cash flow of $445K.
Questions
What was Freshpet's revenue in the second quarter 2025?
Freshpet (FRPT) reported revenue of $265M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +0.5% from the quarter before.
Was Freshpet profitable in the second quarter 2025?
Operating profit was $17.8M (6.7% of revenue) and net earnings $16.4M.
Source: Freshpet 10-Q on SEC EDGAR.