Freshpet, Inc.FRPTEarnings & Financial Report
Freshpet, Inc. is an American pet food company. Its cat food and dog food products are marketed as fresh and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.
Revenue
$288.8M
Gross Profit
$114.2M
Operating Profit
$24.9M
Net Profit
$101.7M
Gross Margin
39.5%
Operating Margin
8.6%
Net Margin
35.2%
YoY Growth
14.0%
EPS
$1.86
Freshpet, Inc. Q3 FY2025 Financial Summary
Freshpet, Inc. reported revenue of $288.8M (up 14.0% YoY) for Q3 FY2025, with a net profit of $101.7M (up 754.7% YoY) (35.2% margin). Cost of goods sold was $174.7M, operating expenses totaled $89.3M.
Key Financial Metrics
| Total Revenue | $288.8M |
|---|---|
| Net Profit | $101.7M |
| Gross Margin | 39.5% |
| Operating Margin | 8.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Freshpet, Inc. Q3 FY2025 revenue of $288.8M breaks down across 2 segments, led by Sales Channel Grocery Mass International And Digital at $232.5M (80.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sales Channel Grocery Mass International And Digital | $232.5M | 80.5% |
| Sales Channel Pet Specialty And Club | $56.4M | 19.5% |
Freshpet, Inc. Revenue by Segment — Quarterly Trend
Freshpet, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sales Channel Grocery Mass International And Digital and Sales Channel Pet Specialty And Club) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Sales Channel Grocery Mass International And Digital | — | $228.4M | $232.5M | $216.9M |
| Sales Channel Pet Specialty And Club | — | $56.8M | $56.4M | $47.8M |
Freshpet, Inc. Annual Revenue by Year
Freshpet, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.1B |
| 2024 | $975.2M |
| 2023 | $766.9M |
| 2022 | $595.3M |
Freshpet, Inc. Quarterly Revenue & Net Profit History
Freshpet, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $297.6M | +13.1% | $48.5M | 16.3% |
| Q4 FY2025 | $285.2M | +8.6% | $33.8M | 11.9% |
| Q3 FY2025 | $288.8M | +14.0% | $101.7M | 35.2% |
| Q2 FY2025 | $264.7M | +12.5% | $16.4M | 6.2% |
| Q1 FY2025 | $263.2M | +17.6% | $-12.7M | -4.8% |
| Q4 FY2024 | $262.7M | +22.0% | $18.1M | 6.9% |
| Q3 FY2024 | $253.4M | +26.3% | $11.9M | 4.7% |
| Q2 FY2024 | $235.3M | +28.3% | $-1.7M | -0.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $235.3M | $253.4M | $262.7M | $263.2M | $264.7M | $288.8M | $285.2M | $297.6M |
| YoY Growth | 28.3% | 26.3% | 22.0% | 17.6% | 12.5% | 14.0% | 8.6% | 13.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.51B | $1.53B | $1.57B | $1.56B | $1.65B | $1.75B | $1.78B | $1.84B |
| Liabilities | $510.5M | $510.3M | $519.5M | $509.5M | $575.8M | $567.1M | $569.1M | $577.1M |
| Equity | $995.8M | $1.02B | $1.06B | $1.05B | $1.07B | $1.18B | $1.21B | $1.26B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $42.4M | $56.1M | $50.4M | $4.8M | $33.9M | $66.8M | $55.1M |