Filing Flows › Freshpet (FRPT) › Q3 2026 › vs Q2 2026
Freshpet (FRPT) Q3 2026 vs Q2 2026 (quarter over quarter)
Freshpet's revenue rose $12.3M (+4%) from $306M in Q2 2026 to $318M in Q3 2026. Gross margin 44.5% against 42.1% (+2.3 pts).
Freshpet, Q3 2026: revenue $318M (+10% year over year), operating margin 11.1%, net earnings $29.7M, operating cash flow $60.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 44.5% | 42.1% | +2.3 pts |
| Operating margin | 11.1% | 7.1% | +3.9 pts |
| Net margin | 9.3% | 6.4% | +3.0 pts |
| Free cash flow margin | 11.9% | 4.8% | +7.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $318M | $306M | $12.3M | +4% |
| Gross profit | $141M | $129M | $12.6M | +10% |
| Cost of revenue | $177M | $177M | −$360K | -0.2% |
| Operating profit | $35.1M | $21.7M | $13.4M | +62% |
| Operating expenses | $106M | $107M | −$808K | -0.8% |
| Pre-tax earnings | $34.4M | $25.6M | $8.8M | +34% |
| Net earnings | $29.7M | $19.5M | $10.2M | +52% |
| Income tax | $4.7M | $6.1M | −$1.4M | -23% |
| Depreciation & amortization | $23.8M | $25.0M | −$1.2M | -5% |
| Share-based compensation | $5.9M | $6.4M | −$493K | -8% |
| Working capital & other | $1.4M | −$6.4M | $7.8M | — |
| Operating cash flow | $60.8M | $44.4M | $16.3M | +37% |
| Free cash flow (OCF − capex) | $37.8M | $14.7M | $23.1M | +157% |
| Capital expenditures | $22.9M | $29.7M | −$6.8M | -23% |
Questions
How much did Freshpet's revenue grow quarter over quarter in Q3 2026?
Freshpet's revenue rose $12.3M (+4%) from $306M in Q2 2026 to $318M in Q3 2026. Gross margin 44.5% against 42.1% (+2.3 pts).