Filing Flows › Freshpet (FRPT) › Q3 2025
Freshpet (FRPT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Freshpet (FRPT) reported revenue of $289M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before. Operating margin was 8.6%, net earnings $102M (35.2% of revenue).
Freshpet, Q3 2025: revenue $289M (+14% year over year), operating margin 8.6%, net earnings $102M, operating cash flow $66.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $289M | +9% | +14% |
| Gross profit | $114M | +6% | +12% |
| Operating profit | $24.9M | +40% | +109% |
| Net earnings | $102M | +522% | +755% |
| Operating cash flow | $66.8M | +97% | +19% |
| Free cash flow | $31.6M | 71× | +43% |
What changed
Revenue was $288.8M in Q3 2025, up 14% year over year and up 9% from the previous quarter.
Gross margin was 39.5%, down 0.8 points from a year earlier. Operating profit was $24.9M, a 8.6% margin (up 3.9 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 5% margin then. Operating expenses fell 1% while revenue rose 14%. Net earnings were $101.7M, up 755% year over year. The tax line was a benefit of $78.0M on pre-tax earnings of $23.7M.
Operating cash flow was $66.8M (up 19% year over year), 66% of net earnings. Non-cash charges added back $24.4M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $64.5M. Capital expenditures of $35.2M left free cash flow of $31.6M.
Questions
What was Freshpet's revenue in the third quarter 2025?
Freshpet (FRPT) reported revenue of $289M for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before.
Was Freshpet profitable in the third quarter 2025?
Operating profit was $24.9M (8.6% of revenue) and net earnings $102M.
Source: Freshpet 10-Q on SEC EDGAR.