Filing Flows › Freshpet (FRPT) › How it makes money
How Freshpet (FRPT) makes money
Freshpet (FRPT) made $318M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 44¢ was left as gross profit, 11¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $318M | 100.0% |
| Cost of revenue | $177M | 55.5% |
| Gross profit | $141M | 44.5% |
| Operating expenses | $106M | 33.4% |
| Operating profit | $35.1M | 11.1% |
| Income tax | $4.7M | 1.5% |
| Net earnings | $29.7M | 9.3% |
| Operating cash flow | $60.8M | 19.1% |
| Free cash flow | $37.8M | 11.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $318M | +10% |
| Q2 2026 | $306M | +16% |
| Q1 2026 | $298M | +13% |
| Q4 2025 | $285M | +9% |
| Q3 2025 | $289M | +14% |
| Q2 2025 | $265M | +12% |
| Q1 2025 | $263M | +18% |
From Freshpet's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Freshpet make money?
Freshpet (FRPT) made $318M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Of every dollar of revenue, 44¢ was left as gross profit, 11¢ was left as operating profit, 9¢ was left as net earnings.
What is Freshpet's profit margin?
Net earnings were $29.7M, 9.3% of revenue, in the third quarter 2026; the operating margin was 11.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.