Filing Flows › Freshpet (FRPT) › Q2 2026 › vs Q1 2026
Freshpet (FRPT) Q2 2026 vs Q1 2026 (quarter over quarter)
Freshpet's revenue rose $7.9M (+3%) from $298M in Q1 2026 to $306M in Q2 2026. Gross margin 42.1% against 40.5% (+1.6 pts).
Freshpet, Q2 2026: revenue $306M (+16% year over year), operating margin 7.1%, net earnings $19.5M, operating cash flow $44.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 42.1% | 40.5% | +1.6 pts |
| Operating margin | 7.1% | 1.5% | +5.6 pts |
| Net margin | 6.4% | 16.3% | -9.9 pts |
| Free cash flow margin | 4.8% | 4.3% | +0.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $306M | $298M | $7.9M | +3% |
| Gross profit | $129M | $121M | $8.0M | +7% |
| Cost of revenue | $177M | $177M | −$77K | 0% |
| Other income, net | $3.9M | $61.3M | −$57.4M | -94% |
| Operating profit | $21.7M | $4.3M | $17.4M | +401% |
| Operating expenses | $107M | $116M | −$9.4M | -8% |
| Pre-tax earnings | $25.6M | $65.6M | −$40.0M | -61% |
| Net earnings | $19.5M | $48.5M | −$29.0M | -60% |
| Income tax | $6.1M | $17.1M | −$11.0M | -64% |
| Depreciation & amortization | $25.0M | $25.0M | −$26K | -0.1% |
| Share-based compensation | $6.4M | $9.1M | −$2.8M | -30% |
| Working capital & other | $6.4M | $42.3M | −$35.9M | -85% |
| Operating cash flow | $44.4M | $40.3M | $4.1M | +10% |
| Free cash flow (OCF − capex) | $14.7M | $12.7M | $2.0M | +15% |
| Capital expenditures | $29.7M | $27.6M | $2.1M | +8% |
Questions
How much did Freshpet's revenue grow quarter over quarter in Q2 2026?
Freshpet's revenue rose $7.9M (+3%) from $298M in Q1 2026 to $306M in Q2 2026. Gross margin 42.1% against 40.5% (+1.6 pts).