VITL (VITL) financial statements
VITL reported revenue of $759M in fiscal 2025, up 32.4% a year over 7 years.
Net income was $66M and the operating margin 11.6%, against 6.3% in 2018.
Free cash flow was -$48M.
The diluted share count rose 31% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VITL's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $107M | $141M | $214M | $261M | $362M | $472M | $606M | $759M |
| Cost of revenue | $72M | $98M | $140M | $178M | $253M | $310M | $376M | $474M |
| Gross profit | $35M | $43M | $75M | $83M | $109M | $162M | $230M | $286M |
| Selling, general and admin | $19M | $30M | $47M | $58M | $77M | $102M | $134M | $159M |
| Operating income | $7M | $3M | $12M | $52,000 | $2M | $33M | $64M | $88M |
| Interest expense | $424,000 | $349,000 | $488,000 | $52,000 | $114,000 | $782,000 | $1M | $874,000 |
| Pre-tax income | $6M | $4M | $12M | $354,000 | $3M | $32M | $68M | $91M |
| Income tax | $723,000 | $1M | $3M | -$2M | $2M | $7M | $14M | $25M |
| Net income | $6M | $2M | $9M | $2M | $1M | $26M | $53M | $66M |
| EPS (diluted) | $0.16 | $0.07 | $0.27 | $0.06 | $0.03 | $0.59 | $1.18 | $1.44 |
| Diluted shares | 35M | 36M | 33M | 43M | 43M | 43M | 45M | 46M |
| Gross margin | 32.6% | 30.5% | 34.8% | 31.8% | 30.2% | 34.4% | 37.9% | 37.6% |
| Operating margin | 6.3% | 2.4% | 5.7% | 0.0% | 0.6% | 7.0% | 10.5% | 11.6% |
| Net margin | 5.4% | 1.7% | 4.1% | 0.9% | 0.3% | 5.4% | 8.8% | 8.7% |
Balance sheet
Fiscal years, from VITL's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $1M | $30M | $31M | $13M | $84M | $151M | $49M |
| Receivables | — | $16M | $21M | $27M | $39M | $40M | $54M | $68M |
| Inventory | — | $13M | $13M | $11M | $27M | $33M | $24M | $66M |
| Total current assets | — | $35M | $137M | $141M | $150M | $196M | $246M | $263M |
| Property, plant and equipment | — | $22M | $30M | $45M | $59M | $67M | $85M | $161M |
| Goodwill | — | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
| Total assets | — | $62M | $171M | $190M | $215M | $275M | $359M | $519M |
| Total current liabilities | — | $25M | $26M | $38M | $48M | $65M | $79M | $122M |
| Long-term debt | — | $3M | — | — | — | — | — | — |
| Total liabilities | — | $30M | $29M | $38M | $56M | $83M | $90M | $167M |
| Shareholders' equity | $4M | $9M | $142M | $151M | $158M | $193M | $269M | $351M |
| Net debt | — | $4M | -$30M | -$31M | -$13M | -$84M | -$151M | -$49M |
Cash flow
Fiscal years, from VITL's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | -$5M | $12M | $18M | -$8M | $51M | $65M | $34M |
| Capital spending | $2M | $5M | $10M | $17M | $10M | $12M | $29M | $82M |
| Free cash flow | $9M | -$10M | $1M | $971,000 | -$19M | $39M | $36M | -$48M |
| Stock-based compensation | $600,000 | $1M | $3M | $4M | $6M | $7M | $10M | $12M |
| Share buybacks (net) | — | -$14M | — | — | — | — | — | — |
| Free cash flow margin | 8.9% | -7.2% | 0.6% | 0.4% | -5.1% | 8.3% | 6.0% | -6.4% |
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Open VITL in InvestinglyQuestions
What was VITL's revenue in 2025?
$759M in fiscal 2025, from its 10-K filing.
How much free cash flow does VITL generate?
-$48M in fiscal 2025 (operating cash flow minus capital spending).
From VITL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.