In a February 26^th release, Vital Farms Inc. (VITL), a Certified B Corporation posted financial results for the 4^th quarter and FY 2025. This specialty egg producer competes directly with Eggland’s Best and other brands of USDA Certified Organic and pasture-raised products including Pete and Gerry’s, Hidden Valley and the combination of the Happy Egg with Egg Innovations. The Company experiences the same pressures of increased cost of feed, contractor remuneration, labor and transport as competitors in a specialty market environment restrained by a limited clientele for higher priced eggs.

For the 4^th Quarter of FY 2025 ending December 28^th 2025, net income was $16.3 million on revenue of $213.6 million with a diluted EPS of $0.35.  Comparable figures for the 4^th quarter of fiscal 2025 ending December 29^th were net income of $10.6 million on revenue of $166.0 million with a diluted EPS of $0.24.

For FY 2025, net income was $66.3 million on revenue of $759.4 million with a diluted EPS of $1.49.  Comparable figures for FY 2024 were net income of $53.4 million on revenue of $606.3 million with a diluted EPS of $1.25.

Sales increased 28.6 percent over the 4^th quarter of 2025. Gross margin was 35.8 percent for the most recent quarter compared to 36.0 percent Q4 2024. Operating margin was 10.0 percent compared to 7.8 percent for the corresponding quarter in 2024.   

In commenting on results, Russell Diez-Canseco, President and CEO of Vital Farms stated 2025 was the year we scaled our supply chain to meet demand. By expanding Egg Central Station and growing our farmer network to over 600 small farms, we’ve meaningfully reduced the supply constraints that previously capped our growth,” said Russell Diez-Canseco, Vital Farms’ President and CEO.

“As we enter 2026, we’re transitioning from capacity building to market expansion – capitalizing on our strengthened operations to grow our customer base and increase household penetration and buy rate as we progress toward our $2 billion revenue target by 2030. We remain committed to a disciplined capital allocation strategy that reinvests in our future while returning value to our shareholders, all while staying true to our purpose of improving the lives of people, animals, and the planet through food.”

The Company increased guidance for FY 2026 with midpoint of the range revenue of $910 million, adjusted EBITDA of $110 million and capital expenditure of $145 million. Analysts noted that the Adjusted EBITDA was below an anticipated $134 million.

On December 28^th 2025, VITL posted assets of $518.8 million of which $15.2 million comprised intangibles against long-term debt and lease obligations of $44.8 million. The Company had an intraday market capitalization of $897 million on March 4^th. VITL trades with a forward P/E of 31.1 and has ranged over a 52-week period from $19.75 to $53.10 with a 50-day moving average of $28.03.  Twelve-month trailing operating margin was 10.0 percent and profit margin 7.8 percent.  Return on assets over the past twelve months was 12.6 percent with a 21.4 percent return on equity. At close of trading on March 2^nd pre-release, VITL was priced at $21.15. At market open, post-release on March 3^rd VITL moved up to $20.32.

Approximately 17 percent of VITL equity is held by insiders with 109 percent by institutions. As of February 13^th, 33 percent of the float was short.

Benchmark recently downgraded VITL from a Buy to a Hold rating. This is based on the volatile outlook and insipid guidance. As a mature Company Vital Farms is facing competition from both established and emerging producers and lacks pricing power despite  packing from 10 million hens.