VITL on Nasdaq

Vital Farms

American egg and butter brand

Vital Farms, Inc. is an American egg and butter brand founded by Matt O'Hayer in 2007 and headquartered in Austin, Texas.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2007Founded1

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  • TickerVITL on Nasdaq1
  • Industryfood industry1
  • HeadquartersAustin1
  • Websitevitalfarms.com
  • Incorporated inDE4
  • Business address3601 South Congress Avenue, Suite A100, Austin, Tx4
  • Filer categoryLarge accelerated filer4

Vital Farms, Inc. is an American egg and butter brand founded by Matt O'Hayer in 2007 and headquartered in Austin, Texas. Vital Farms' products are sold in more than 23,500 stores across the country. The company accounts for approximately 3% of U.S. egg sales and by the end of 2025 had reached nearly $1 billion in annual revenue.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.6%Gross margin6
11.6%Operating margin6
8.7%Net margin6
25.3%Revenue growth, 20256
18.9%Return on equity6
-$48.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Eggs And Egg Related Products brought in 97% of the revenue Vital Farms broke down this way in fiscal 2025.

  1. Eggs And Egg Related Products$733.2M697%up 26% from 2024
  2. Butter And Butter Related Products$26.3M63%up 4% from 2024
Products and services by year
Products and services202320242025
Eggs And Egg Related Products$449.0M$581.0M$733.2M
Butter And Butter Related Products$22.8M$25.4M$26.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue62¢$473.8M
  • Selling, general and admin21¢$159.4M
  • Other costs5¢$35.0M
  • Income tax3¢$25.0M
  • Profit9¢$66.3M

Out of $759.4M in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$82.0M

Out of $33.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue789106$759.4M in 2025+440% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $140.7M$140.7M20192020: $214.3M$214.3M2020+52%2021: $260.9M$260.9M2021+22%2022: $362.1M$362.1M2022+39%2023: $471.9M$471.9M2023+30%2024: $606.3M$606.3M2024+28%2025: $759.4M$759.4M2025+25%
Gross profit789106$285.7M in 2025+566% since 2019
0$100.0M$200.0M$300.0M2019: $42.9M$42.9M20192020: $74.5M$74.5M2020+74%2021: $82.9M$82.9M2021+11%2022: $109.4M$109.4M2022+32%2023: $162.3M$162.3M2023+48%2024: $229.9M$229.9M2024+42%2025: $285.7M$285.7M2025+24%
Operating income789106$88.4M in 2025+2538% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $3.4M$3.4M20192020: $12.2M$12.2M2020+265%2021: $52.0K$52.0K2021−100%2022: $2.1M$2.1M2022+3946%2023: $33.3M$33.3M2023+1481%2024: $63.6M$63.6M2024+91%2025: $88.4M$88.4M2025+39%
Net income789106$66.3M in 2025+2679% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $2.4M$2.4M20192020: $8.8M$8.8M2020+269%2021: $2.4M$2.4M2021−72%2022: $1.3M$1.3M2022−48%2023: $25.6M$25.6M2023+1944%2024: $53.4M$53.4M2024+109%2025: $66.3M$66.3M2025+24%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net revenue$759.4M$606.3M$471.9M
Cost of goods sold$473.8M$376.4M$309.5M
Gross profit$285.7M$229.9M$162.3M
Selling, general and administrative$159.4M$133.9M$101.7M
Shipping and distribution$37.9M$32.4M$27.3M
Total operating expenses$197.3M$166.4M$129.1M
Income from operations$88.4M$63.6M$33.3M
Interest expense-$874.0K-$1.0M-$782.0K
Interest income$5.0M$5.2M$2.5M
Other expense, net-$1.2M-$250.0K-$2.8M
Total other income (expense), net$2.9M$4.0M-$1.1M
Net income before income taxes$91.3M$67.5M$32.2M
Income tax provision$25.0M$14.2M$6.6M
Net income$66.3M$53.4M$25.6M
Basic:$1.49$1.25$0.62
Diluted:$1.44$1.18$0.59
Basic:44.6M shares42.8M shares41.2M shares
Diluted:46.0M shares45.1M shares43.3M shares

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The story

In 2007, Matt O'Hayer moved to Austin, Texas. After discussing humane food production during a scuba-diving trip to Indonesia, O'Hayer launched Vital Farms with 20 hens on a 27-acre farm. He initially sold eggs to local restaurants and farmers' markets from the back of his Subaru. By 2008, Vital Farms had secured distribution with Whole Foods and the grocer began selling its eggs in the Midwest.

In 2017, the company opened its first egg washing and packaging facility in Springfield, MO, coined “Egg Central Station.”

In May 2019, the company appointed Russell Diez-Canseco as president and CEO.

On July 31, 2020, the company went public in a $125 million IPO on NASDAQ under the ticker symbol VITL. By August of that year, Vital Farms stock price had risen 60%. Its largest shareholders are institutional investors.

Vital Farms added approximately 75 new farms during the third quarter of 2025, bringing their network to over 10 million hens.

In 2025, the company started construction on its second egg washing and packing facility in Seymour, Indiana, dubbed Vital Crossroads (VXR). Also in 2025, Vital Farms partnered with comedian Heather McMahan to create a line of limited-edition, specialty dog treats.

In February of 2026, Vital Farms founder Matt O’Hayer stepped down as executive chairperson to pursue other ventures. The company appointed President and CEO Russell Diez-Canseco as the new executive chairperson.

In 2026, Vital Farms created a Route 66 themed food truck, the “Good Eggs Diner” to celebrate the centennial celebration of Route 66 in Springfield, MO, where its egg washing facility is headquartered. In May 2026, the company announced that it would stop selling butter products by the end of the fiscal year to focus solely on eggs.

Read the full text

A class action lawsuit was filed against Vital Farms in 2026 alleging that the company misled shareholders by failing to communicate missteps in the implementation of a new ERP system.

In 2026, Vital Farms faced consumer scrutiny over its hen feed ingredients after a third-party lab test alleged that linoleic acid made up roughly 23% of the fat in Vital Farms eggs.

Vital Farms responded to public scrutiny directly on social media, stating that its feed ingredients have always been openly disclosed on the company’s website and that alternative feed options had been explored.

From Wikipedia’s article on Vital Farms, shared under CC BY-SA 4.0.5

Leadership

Who has led Vital Farms, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Products and brands

  • egg as food

Listed on Wikidata.1

Vital Farms maintains direct relationships with a network of family-owned farms and also owns and operates a small number of company-owned “Accelerator Farms”. All farms in the Vital Farms network are certified under the Certified Humane program administered by Humane Farm Animal Care.

Vital Farms has several lines of egg products, including pasture-raised eggs and organic pasture-raised eggs. It also produces a line of pasture-raised hard-boiled eggs and pasture-raised "True Blue" eggs. The company's egg cartons feature a QR code where consumers can identify the farm where their eggs were produced, and its website provides 360-degree footage of participating farms' pastures.

In 2022, the company announced a new line of restorative eggs, which are produced using regenerative agriculture techniques developed with Understanding Ag, a regenerative agriculture consulting firm. Vital Farms worked with Regen Ag Lab to track key changes in biodiversity and water retention on the first farms to produce restorative eggs. The product line received a 4-star rating on The Cornucopia Institute’s Organic Egg Scorecard.

From Wikipedia’s article on Vital Farms, shared under CC BY-SA 4.0.5

Timeline

  1. Jul 30, 2020New chief executive Russell Diez-Canseco becomes CEO14
  2. 2020Went public Listed on NASDAQ1
  3. 2007Founded Founded1

Filings

555 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 325 insider forms, 44 large holders, 127 other. The latest 20:

  1. Sep 18, 20264 EDGAR
  2. Sep 4, 20264 EDGAR
  3. Aug 17, 20268-K/A EDGAR
  4. Aug 17, 20268-K EDGAR
  5. Aug 6, 202610-Q EDGAR
  6. Aug 6, 20268-K EDGAR
  7. Jul 17, 2026SCHEDULE 13G EDGAR
  8. Jul 8, 2026SCHEDULE 13G/A EDGAR
  9. Jun 16, 20268-K EDGAR
  10. Jun 12, 20264 EDGAR
  11. Jun 12, 20264 EDGAR
  12. Jun 12, 20264 EDGAR
  13. Jun 12, 20264 EDGAR
  14. Jun 12, 20264 EDGAR
  15. Jun 12, 20264 EDGAR
  16. Jun 12, 20264 EDGAR
  17. Jun 1, 2026SCHEDULE 13G/A EDGAR
  18. May 21, 20264 EDGAR
  19. May 21, 20264/A EDGAR
  20. May 21, 20264/A EDGAR

The 555 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 44 such filings since October 2021, the latest 10:

  1. Jul 17, 2026SCHEDULE 13G
  2. Jul 8, 2026SCHEDULE 13G/A
  3. Jun 1, 2026SCHEDULE 13G/A
  4. May 8, 2026SCHEDULE 13G
  5. Apr 23, 2026SCHEDULE 13G/A
  6. Mar 27, 2026SCHEDULE 13G/A
  7. Jan 30, 2026SCHEDULE 13G/A
  8. Jan 8, 2026SCHEDULE 13G/A
  9. Nov 13, 2025SCHEDULE 13G/A
  10. Nov 12, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,172,187$60.2M0.0%−577,653
Divisadero Street Capital Management, LP2,003,588$23.3M0.5%+1,451,733
Vanguard Capital Management LLC1,527,524$17.8M0.0%−56,456
Goldman Sachs Group Inc1,467,064$17.1M0.0%−269,259
Needham Investment Management LLC1,210,000$14.1M0.4%+60,000
First Eagle Investment Management, LLC1,209,920$14.1M0.0%+677,960
Cibc World Market Inc.1,115,643$13.0M0.0%New
Federated Hermes, Inc.1,044,039$12.1M0.0%+647,190
Jpmorgan Chase & Co1,006,354$11.4M0.0%+568,257
Geode Capital Management, LLC956,033$11.1M0.0%+65,174
State Street Corp835,894$9.7M0.0%−518,656
Morgan Stanley813,643$9.5M0.0%−566,210
UBS Group AG746,030$8.7M0.0%−172,755
Millennium Management LLC739,490$8.6M0.0%−1,010,713
Bnp Paribas Financial Markets733,002$8.5M0.0%+467,778
Dimensional Fund Advisors LP720,117$8.4M0.0%−684,915
Two Sigma Investments, LP702,843$8.2M0.0%−961,632
Bank Of America Corp /de/695,302$8.1M0.0%+179,837
Citadel Advisors LLC662,630$7.7M0.0%+565,037
Vanguard Portfolio Management LLC657,436$7.6M0.0%−379,733
Invenomic Capital Management LP526,857$6.1M0.4%New
Susquehanna International Group, Llp518,339$6.0M0.0%+317,545
Jane Street Group, LLC427,796$5.0M0.0%New
Voleon Capital Management LP396,630$4.6M0.1%+254,965
Northern Trust Corp355,800$4.1M0.0%−3,609

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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