Filing Flows › Freshpet (FRPT) › Q2 2026 › vs Q2 2025
Freshpet (FRPT) Q2 2026 vs Q2 2025 (year over year)
Freshpet's revenue rose $40.9M (+15%) from $265M in Q2 2025 to $306M in Q2 2026. Gross margin 42.1% against 40.9% (+1.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.1% | 40.9% | +1.2 pts |
| Operating margin | 7.1% | 6.7% | +0.4 pts |
| Net margin | 6.4% | 6.2% | +0.2 pts |
| Free cash flow margin | 4.8% | 0.2% | +4.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $306M | $265M | $40.9M | +15% |
| Gross profit | $129M | $108M | $20.5M | +19% |
| Cost of revenue | $177M | $156M | $20.4M | +13% |
| Other income, net | $3.9M | −$1.6M | $5.4M | — |
| Operating profit | $21.7M | $17.8M | $3.9M | +22% |
| Operating expenses | $107M | $90.4M | $16.6M | +18% |
| Pre-tax earnings | $25.6M | $16.3M | $9.3M | +57% |
| Net earnings | $19.5M | $16.4M | $3.1M | +19% |
| Income tax | $6.1M | −$102K | $6.2M | — |
| Depreciation & amortization | $25.0M | $20.6M | $4.4M | +21% |
| Share-based compensation | $6.4M | $6.2M | $158K | +3% |
| Working capital & other | $6.4M | $9.3M | −$2.9M | -31% |
| Operating cash flow | $44.4M | $33.9M | $10.5M | +31% |
| Free cash flow (OCF − capex) | $14.7M | $445K | $14.3M | 33× |
| Capital expenditures | $29.7M | $33.4M | −$3.7M | -11% |
Questions
How much did Freshpet's revenue grow year over year in Q2 2026?
Freshpet's revenue rose $40.9M (+15%) from $265M in Q2 2025 to $306M in Q2 2026. Gross margin 42.1% against 40.9% (+1.2 pts).