Filing Flows › Freshpet (FRPT) › Q4 2025
Freshpet (FRPT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Freshpet (FRPT) reported revenue of $285M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -1% from the quarter before. Operating margin was 15.6%, net earnings $33.8M (11.9% of revenue).
Freshpet, Q4 2025: revenue $285M (+9% year over year), operating margin 15.6%, net earnings $33.8M, operating cash flow $55.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $285M | -1% | +9% |
| Gross profit | $123M | +8% | +11% |
| Operating profit | $44.5M | +79% | +129% |
| Net earnings | $33.8M | -67% | +87% |
| Operating cash flow | $55.1M | -17% | +9% |
| Free cash flow | $2.1M | -93% | — |
What changed
Revenue was $285.2M in Q4 2025, up 9% year over year and down 1% from the previous quarter.
Gross margin was 43.3%, up 0.8 points from a year earlier. Operating profit was $44.5M, a 15.6% margin (up 8.2 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 7% margin then. Operating expenses fell 14% while revenue rose 9%. Net earnings were $33.8M, up 87% year over year. The effective tax rate was 22.0%.
Operating cash flow was $55.1M (up 9% year over year), 163% of net earnings. Non-cash charges added back $22.9M of depreciation and amortization. Capital expenditures of $53.0M left free cash flow of $2.1M.
Questions
What was Freshpet's revenue in the fourth quarter 2025?
Freshpet (FRPT) reported revenue of $285M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -1% from the quarter before.
Was Freshpet profitable in the fourth quarter 2025?
Operating profit was $44.5M (15.6% of revenue) and net earnings $33.8M.
Source: Freshpet 10-K on SEC EDGAR.