Vital Farms (NASDAQ:VITL) reported solid fourth-quarter and full-year 2025 results on February 26, 2026, driven by strong revenue growth, operational expansion, and continued investment in supply capacity, while also announcing a new share repurchase program.
For fiscal 2025, net revenue increased 25.3% year over year to $759.4 million, while adjusted EBITDA rose to $114 million as the company expanded its farmer network and strengthened supply chain capabilities to address earlier capacity limitations. Net income reached $66.3 million for the year, with gross margins remaining resilient despite higher labor and overhead expenses. The company also confirmed it has resolved a previously disclosed material weakness in internal controls without requiring any financial restatements.
Reflecting confidence in its long-term outlook, Vital Farms’ board approved a two-year share repurchase program authorizing up to $100 million in buybacks. The company plans to fund repurchases through existing cash, operating cash flow, and available debt capacity while continuing to invest in growth initiatives.
Looking ahead to fiscal 2026, Vital Farms expects net revenue between $900 million and $920 million and adjusted EBITDA in the range of $105 million to $115 million. Capital expenditures are projected at $140 million to $150 million, largely tied to development of the Vital Crossroads facility in Indiana. Management said these investments support progress toward its long-term target of reaching $2 billion in annual revenue by 2030, even as near-term demand patterns remain uneven amid a volatile macroeconomic backdrop.
More about Vital Farms
Vital Farms is a Certified B Corporation operating in the U.S. food sector, specializing in ethically produced products, primarily pasture-raised eggs. The company sources from a network of more than 600 small farms nationwide and continues to expand production and logistics infrastructure to support sustained long-term growth.