Filing Flows › Vital Farms (VITL) › Q1 2026
Vital Farms (VITL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Vital Farms (VITL) reported revenue of $187M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -12% from the quarter before. Operating margin was -1.2%, net loss $1.5M (0.8% of revenue).
Vital Farms, Q1 2026: revenue $187M (+15% year over year), operating margin -1.2%, net loss $1.5M, operating cash flow −$18.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -12% | +15% |
| Operating profit | −$2.3M | -111% | -111% |
| Net earnings | −$1.5M | -109% | -109% |
| Operating cash flow | −$18.6M | -421% | -452% |
What changed
Revenue was $187.2M in Q1 2026, up 15% year over year and down 12% from the previous quarter. Eggs and Egg Related Products was the largest line at 97% of revenue. Eggs and Egg Related Products added $24.8M year over year (up 16%), 99% of the total change.
Gross margin was 28.3%, down 10.2 points from Q1 2025. Operating costs exceeded revenue by $2.3M, an operating margin of -1.2%. Operating expenses grew 36% against revenue growth of 15%. The fastest-growing cost line was SG&A (+39%). The quarter ended with a net loss of $1.5M, after a profit of $16.3M the previous quarter. Non-operating items added $473K, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$18.6M. Non-cash charges added back $4.0M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $23.7M. Capital expenditures of $20.8M exceeded it, leaving free cash flow of −$39.3M.
Questions
What was Vital Farms' revenue in the first quarter 2026?
Vital Farms (VITL) reported revenue of $187M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -12% from the quarter before.
Was Vital Farms profitable in the first quarter 2026?
Operating loss was $2.3M (-1.2% of revenue) and net loss $1.5M.
Source: Vital Farms 10-Q on SEC EDGAR.