← Vital Farms, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $5.6m |
$3.3m
-41.16%
|
$8.9m
+168.24%
|
$2.4m
-73.19%
|
$1.2m
-48.36%
|
$25.6m
+1978.54%
|
$53.4m
+108.82%
|
$66.3m
+24.15%
|
$156k
-99.76%
|
|
| Depreciation and amortization | $1.4m | $1.9m | $2.5m | $3.5m | $5.4m | $7.9m | $13.1m | $13.8m | $16.8m | |
| Amortization and accretion of available-for-sale securities | — | — | — | — | — | $348k | $110k | ($1.3m) | — | |
| Amortization of cloud computing arrangements | — | — | — | — | — | $0 | $0 | $668k | — | |
| Amortization of debt issuance costs | $71k | $9k | $68k | $0 | $0 | $0 | $60k | $85k | — | |
| Deferred taxes | $703k | $52k | $1.8m | ($2.5m) | $632k | ($179k) | ($1.9m) | $689k | — | |
| Stock-based compensation expense | $600k | $1.0m | $2.5m | $4.4m | $6.0m | $7.4m | $10.3m | $12.4m | $7.9m | |
| Accounts receivable | ($3.6m) | ($6.2m) | ($4.7m) | ($6.1m) | ($13.7m) | ($862k) | ($14.8m) | ($13.5m) | ($14.9m) | |
| Increase in inventory provision | $200k | $189k | $16k | $224k | ($330k) | $397k | $299k | $4.7m | — | |
| Inventories | ($1.0m) | ($9.3m) | $29k | $1.7m | ($15.6m) | ($6.4m) | $8.9m | ($47.8m) | ($47.8m) | |
| Accounts payable | $4.9m | $3.2m | $1.8m | $6.8m | $2.4m | $6.7m | $5.8m | $16.9m | $16.9m | |
| Purchases of property, plant and equipment included in accounts payable and accrued liabilities | $199k | $928k | $167k | $1.5m | $1.1m | $187k | $884k | $9.3m | — | |
| Accrued liabilities | — | — | $1.2m | $4.0m | $3.8m | $5.2m | $6.7m | $14.3m | $14.3m | |
| Other | — | — | ($449k) | $44k | $84k | $438k | $1.6m | $1.3m | — | |
| Prepaid expenses and other current assets | ($520k) | ($582k) | ($2.3m) | $426k | ($271k) | ($1.2m) | ($1.2m) | ($2.6m) | — | |
| Other assets | — | — | — | — | — | $98k | ($3.8m) | ($8.0m) | — | |
| Net cash provided by operating activities | $11.4m |
($5.4m)
-146.85%
|
$11.7m
+318.65%
|
$16.3m
+39.51%
|
($8.1m)
-149.60%
|
$50.9m
+728.62%
|
$64.8m
+27.34%
|
$33.7m
-47.99%
|
($16.7m)
-149.56%
|
|
| Purchases of property, plant and equipment | ($1.9m) | ($4.8m) | ($10.3m) | ($16.7m) | ($10.5m) | ($11.5m) | ($28.6m) | ($82.0m) | — | |
| Proceeds from the sale of property, plant and equipment | $29k | $7k | — | $0 | $100k | $1.1m | $1k | $1.7m | — | |
| Net cash (used in) provided by investing activities | ($1.9m) | ($5.6m) | ($77.8m) | ($17.1m) | ($10.0m) | $22.4m | ($7.0m) | ($134.3m) | — | |
| Proceeds from borrowing under revolving line of credit | — | $1.3m | — | $0 | $0 | $7.5m | $0 | $0 | — | |
| Proceeds from issuance of common stock under employee stock purchase plan | — | — | — | $0 | $0 | $296k | $419k | $835k | — | |
| Net cash (used in) provided by financing activities | ($1.5m) |
$434k
+128.76%
|
$94.4m
+21653.46%
|
$2.2m
-97.69%
|
$83k
-96.19%
|
($2.1m)
-2574.70%
|
$8.7m
+521.32%
|
($1.2m)
-114.25%
|
— | |
| Net (decrease) increase in cash and cash equivalents | $8.0m | ($10.5m) | $28.3m | $1.4m | ($18.1m) | $71.2m | $66.5m | ($101.8m) | — | |
| Cash and cash equivalents at beginning of the period | $11.8m | $1.3m | $29.5m | $31.0m | $12.9m | $84.1m | $150.6m | $48.8m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Reduction in the carrying amount of right-of-use assets | — | — | — | $0 | $1.8m | $4.1m | $4.2m | $8.9m | — | |
| Uncertain tax positions | — | — | — | $0 | $405k | $58k | ($82k) | $1.1m | — | |
| Net realized losses on derivative instruments | — | — | — | $0 | $0 | $2.7m | $272k | $1.3m | — | |
| Income taxes receivable | — | ($1.6m) | $61k | $1.4m | $199k | $0 | $0 | ($1.4m) | — | |
| Income taxes payable | — | — | — | $0 | $425k | $782k | ($368k) | $430k | — | |
| Operating lease liabilities | — | — | — | $0 | ($1.5m) | ($1.8m) | ($17.6m) | ($34.7m) | — | |
| Purchases of available-for-sale securities | — | — | ($68.4m) | ($52.0m) | ($33.8m) | ($982k) | $0 | ($95.1m) | — | |
| Purchases of derivative instruments | — | — | — | $0 | $0 | ($2.0m) | ($1.7m) | ($823k) | — | |
| Sales of available-for-sale securities | — | — | $4.5m | $1.4m | $0 | $2.9m | $0 | $404k | — | |
| Settlements of derivative instruments | — | — | — | $0 | $0 | $106k | $0 | $272k | — | |
| Maturities and call redemptions of available-for-sale securities | — | — | $4.5m | $48.5m | $34.3m | $32.3m | $23.3m | $41.2m | — | |
| Return of investment in variable interest entity | — | — | — | $0 | $0 | $552k | $0 | $0 | — | |
| Proceeds from exercise of stock options | $40k | $222k | $221k | $2.8m | $675k | $692k | $13.7m | $5.6m | — | |
| Repayment of revolving line of credit | — | — | ($1.3m) | $0 | $0 | ($7.5m) | $0 | $0 | — | |
| Payment of tax withholding obligation on vested RSU shares | — | — | — | $0 | $0 | ($796k) | ($1.5m) | ($3.2m) | — | |
| Principal payments under finance lease obligations | ($409k) | ($428k) | ($449k) | ($471k) | ($554k) | ($2.2m) | ($3.5m) | ($4.5m) | — | |
| Payment of financing costs | — | — | — | — | $0 | $0 | ($414k) | $0 | — | |
| Cash paid for interest | $356k | $340k | $414k | $43k | $114k | $775k | $950k | $782k | — | |
| Cash paid for income taxes, net of amounts refunded | $20k | $2.3m | $2.2m | $102k | $99k | $6.0m | $16.6m | $24.2m | — |