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Vital Farms, Inc. (VITL) Annual Reports

Q: Where can I read Vital Farms, Inc. (VITL) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

Vital Farms, Inc. is listed on Nasdaq, classified by the SEC under Food and Kindred Products (SIC 2000). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1579733 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-28)
	Current	Prior year	YoY
Revenue	$166.0M	$184.8M	-10.1%
Operating income	$-40.1M	$23.8M	-268.7%
Net income	$-31.1M	$16.6M	-286.7%
EPS (diluted)	$-0.72	$0.36	-300.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 166 mn Net income -31.1 mn

Show table：Income statement

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	107	33.0	32.3	34.1	41.4	47.6	59.3	53.4	54.0	58.5	60.3	64.6	77.4	77.1	82.9	92.0	110	119	106	110	136	148	147	145	166	162	185	199	214	187	166
Gross profit	34.8	11.5	11.0	10.6	9.77	15.9	22.7	18.4	17.6	21.3	21.9	19.8	19.8	21.7	24.9	29.5	33.3	42.7	37.8	36.7	45.2	58.9	57.7	53.5	59.9	62.5	71.8	75.0	76.4	53.0	10.9
Operating income	6.77	4.26	3.91	1.18	-6.01	2.90	9.06	2.41	-2.15	3.08	3.02	-1.80	-4.24	-4.09	0.72	2.02	3.45	10.9	8.04	5.23	9.09	24.2	17.1	9.24	13.0	21.8	23.8	21.4	21.4	-2.33	-40.1
Net income	5.80	3.06	2.80	0.83	-4.30	1.95	5.96	1.68	-0.79	3.49	3.91	-1.32	-3.65	-1.54	0.2	0.72	1.87	7.15	6.68	4.52	7.21	19.0	16.3	7.45	10.6	16.9	16.6	16.4	16.3	-1.52	-31.1

Balance sheet

Quarterly · In mn (USD)

Total assets 502 mn Total liabilities 218 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	—	34.6	—	46.2	146	137	137	141	141	141	134	143	151	150	163	172	177	196	218	234	252	246	260	275	272	263	209	163
Total assets	—	—	—	—	62.0	—	77.9	178	171	174	182	187	190	191	200	207	215	227	236	250	275	300	320	345	359	377	431	482	519	493	502
Current liabilities	—	—	—	—	25.0	—	25.4	26.1	25.9	23.5	26.9	32.3	38.0	38.3	46.0	50.8	47.6	50.5	51.7	53.0	65.2	70.4	67.0	77.8	78.5	77.5	111	103	122	118	148
Total liabilities	—	—	—	—	30.1	—	37.0	35.6	29.0	26.6	28.5	33.4	38.2	40.3	47.6	52.0	56.3	59.3	60.3	67.2	82.5	86.8	82.1	91.3	90.0	88.0	121	150	167	162	218
Equity	4.27	15.4	11.4	12.5	8.56	11.0	17.7	142	142	147	153	153	151	151	152	155	158	168	176	183	193	213	238	253	269	289	310	331	351	331	284

Cash flow

Quarterly · In mn (USD)

Operating -27.4 mn Investing -1.67 mn Financing 13.6 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	11.4	—	2.05	-1.94	-5.45	0.85	16.9	-2.68	-3.34	8.04	6.98	-2.75	4.06	-4.94	1.93	-0.36	-4.73	5.40	13.5	8.27	23.7	23.9	16.1	9.96	14.8	5.27	-0.76	23.4	5.78	-18.6	-27.4
Investing	-1.91	—	-5.48	-1.61	1.47	-4.27	-1.12	-0.49	-72.0	-2.85	-5.55	-7.12	-1.56	-1.35	-4.62	-2.97	-1.09	8.52	8.49	1.34	4.04	7.03	-1.27	2.60	-15.4	1.60	-47.5	-38.4	-49.9	29.3	-1.67
Financing	-1.51	—	-0.75	-0.36	1.55	3.86	-0.38	98.7	-7.77	0.37	0.83	0.36	0.62	0.1	0	0.09	-0.1	-1.00	-0.17	-0.46	-0.43	-1.30	4.49	3.80	1.67	-1.17	0.19	0.58	-0.83	-22.9	13.6
Cash at period end	—	—	—	—	1.27	—	17.1	113	29.5	35.1	37.4	27.8	31.0	24.8	22.1	18.8	12.9	25.8	47.7	56.8	84.2	114	133	150	151	156	108	93.8	48.8	36.6	21.2

Profitability

Quarterly · %

Gross margin 6.6% Operating margin -24.2% Net margin -18.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	32.6%	34.9%	34.1%	31.1%	23.6%	33.3%	38.3%	34.4%	32.6%	36.4%	36.4%	30.7%	25.6%	28.2%	30.1%	32.0%	30.3%	35.8%	35.5%	33.2%	33.3%	39.8%	39.1%	36.9%	36.1%	38.5%	38.9%	37.7%	35.8%	28.3%	6.6%
Operating margin	6.3%	12.9%	12.1%	3.5%	-14.5%	6.1%	15.3%	4.5%	-4.0%	5.3%	5.0%	-2.8%	-5.5%	-5.3%	0.9%	2.2%	3.1%	9.1%	7.5%	4.7%	6.7%	16.3%	11.6%	6.4%	7.8%	13.4%	12.9%	10.8%	10.0%	-1.3%	-24.2%
Net margin	5.4%	9.3%	8.7%	2.4%	-10.4%	4.1%	10.1%	3.1%	-1.5%	6.0%	6.5%	-2.0%	-4.7%	-2.0%	0.2%	0.8%	1.7%	6.0%	6.3%	4.1%	5.3%	12.9%	11.1%	5.1%	6.4%	10.4%	9.0%	8.3%	7.6%	-0.8%	-18.7%

Returns & leverage

Quarterly · %

ROE 0.1% ROA 0.0% Debt ratio 43.5%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	99.8%	37.2%	9.6%	30.5%	6.8%	11.7%	13.1%	9.7%	3.6%	1.6%	-1.8%	-4.1%	-2.8%	0.8%	6.2%	10.0%	12.0%	14.6%	19.7%	22.7%	22.9%	23.1%	20.4%	18.8%	20.7%	21.4%	15.4%	0.1%
ROA	—	—	—	—	3.9%	—	5.7%	3.0%	7.5%	6.0%	6.4%	2.9%	1.3%	-1.4%	-3.3%	-2.2%	0.6%	4.8%	7.5%	8.9%	10.4%	14.2%	16.9%	16.8%	16.8%	15.1%	13.7%	14.7%	15.1%	11.0%	0.0%
Debt ratio	—	—	—	—	48.6%	—	47.5%	20.0%	16.9%	15.3%	15.7%	17.8%	20.1%	21.1%	23.8%	25.2%	26.2%	26.1%	25.5%	26.9%	30.0%	28.9%	25.6%	26.5%	25.1%	23.3%	28.1%	31.2%	32.3%	32.8%	43.5%

EPS

Quarterly · US$

EPS US$-0.72

Show table：EPS

Item	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.16	0.09	0.08	0.02	-0.17	0.05	0.16	0.04	-0.02	0.08	0.09	-0.03	-0.08	-0.04	0.00	0.02	0.05	0.16	0.15	0.10	0.17	0.43	0.36	0.16	0.23	0.37	0.36	0.36	0.35	-0.03	-0.72

Revenue & profit

Year-to-date · In mn (USD)

Revenue 353 mn Net income -32.6 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 502 mn Total liabilities 218 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating -45.9 mn Investing 27.6 mn Financing -9.28 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 18.1% Operating margin -12.0% Net margin -9.2%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 0.1% ROA 0.0% Debt ratio 43.5%

EPS

Year-to-date · US$

EPS US$-0.75

Revenue & profit

Annual · In mn (USD)

Revenue 759 mn Net income 66.3 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2019	2020	2021	2022	2023	2024	2025
Revenue	141	214	261	362	472	606	759
Gross profit	42.9	74.5	82.9	109	162	230	286
Operating income	3.35	12.2	0.05	2.10	33.3	63.5	88.4
Net income	2.38	8.80	2.43	1.25	25.6	53.4	66.3

Balance sheet

Annual · In mn (USD)

Total assets 519 mn Total liabilities 167 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2019	2020	2021	2022	2023	2024	2025
Current assets	34.6	137	141	150	196	246	263
Total assets	62.0	171	190	215	275	359	519
Current liabilities	25.0	25.9	38.0	47.6	65.2	78.5	122
Total liabilities	30.1	29.0	38.2	56.3	82.5	90.0	167
Equity	8.56	142	151	158	193	269	351

Cash flow

Annual · In mn (USD)

Operating 33.7 mn Investing -134 mn Financing -1.23 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2019	2020	2021	2022	2023	2024	2025
Operating	—	11.7	16.3	-8.10	50.9	64.8	33.7
Investing	—	-77.8	-17.1	-10.0	22.4	-7.03	-134
Financing	—	94.4	2.18	0.08	-2.05	8.65	-1.23
Cash at period end	1.27	29.5	31.0	12.9	84.2	151	48.8

Profitability

Annual · %

Gross margin 37.6% Operating margin 11.6% Net margin 8.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2019	2020	2021	2022	2023	2024	2025
Gross margin	30.5%	34.8%	31.8%	30.2%	34.4%	37.9%	37.6%
Operating margin	2.4%	5.7%	0.0%	0.6%	7.0%	10.5%	11.6%
Net margin	1.7%	4.1%	0.9%	0.3%	5.4%	8.8%	8.7%

Returns & leverage

Annual · %

ROE 21.4% ROA 15.1% Debt ratio 32.3%

Show table：Returns & leverage

Item	2019	2020	2021	2022	2023	2024	2025
ROE	27.9%	11.7%	1.6%	0.8%	14.6%	23.1%	21.4%
ROA	3.9%	7.5%	1.3%	0.6%	10.4%	16.8%	15.1%
Debt ratio	48.6%	16.9%	20.1%	26.2%	30.0%	25.1%	32.3%

EPS

Annual · US$

EPS US$1.44

Show table：EPS

Item	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.02	0.23	0.06	0.03	0.58	1.18	1.44

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read Vital Farms, Inc. (VITL) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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