Filing Flows › Vital Farms (VITL) › Q1 2025
Vital Farms (VITL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Vital Farms (VITL) reported revenue of $162M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -2% from the quarter before. Operating margin was 13.4%, net earnings $16.9M (10.4% of revenue).
Vital Farms, Q1 2025: revenue $162M (+10% year over year), operating margin 13.4%, net earnings $16.9M, operating cash flow $5.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | -2% | +10% |
| Gross profit | $62.5M | +4% | +6% |
| Operating profit | $21.8M | +67% | -10% |
| Net earnings | $16.9M | +60% | -11% |
| Operating cash flow | $5.3M | -64% | -78% |
| Free cash flow | $2.1M | — | -91% |
What changed
Revenue was $162.2M in Q1 2025, up 10% year over year and down 2% from the previous quarter. Eggs and Egg Related Products was the largest line at 96% of revenue. Eggs and Egg Related Products added $12.5M year over year (up 9%), 88% of the total change.
Gross margin was 38.5%, down 1.3 points from a year earlier. Operating profit was $21.8M, a 13.4% margin (down 2.9 points year over year). Operating profit fell $2.4M even though revenue rose $14.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 10%. The fastest-growing cost line was SG&A (+18%). Net earnings were $16.9M, down 11% year over year. The effective tax rate was 24.4%.
Operating cash flow was $5.3M (down 78% year over year), 31% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $17.7M. Capital expenditures of $3.1M left free cash flow of $2.1M.
Questions
What was Vital Farms' revenue in the first quarter 2025?
Vital Farms (VITL) reported revenue of $162M for the first quarter 2025 (Q1 2025), +10% from a year earlier and -2% from the quarter before.
Was Vital Farms profitable in the first quarter 2025?
Operating profit was $21.8M (13.4% of revenue) and net earnings $16.9M.
Source: Vital Farms 10-Q on SEC EDGAR.