Freshpet, Inc. (FRPT) Financial Statements (2025 and earlier)

Company Profile

Business Address 1545 U.S. 206, 1ST FLOOR
BEDMINSTER, NJ 07921
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 204 - Grain Mill Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268,633296,871132,73572,78867,2479,472
Cash and cash equivalent268,633296,871132,73572,78867,2479,472
Receivables68,41956,75457,57234,78018,43818,581
Inventory, net of allowances, customer advances and progress billings80,79463,23858,29035,57419,11912,542
Inventory80,79463,23858,29035,57419,11912,542
Prepaid expense16,0267,6159,7785,8343,3783,276
Other current assets3,1262,8413,5901,34991410,453
Total current assets:436,998427,319261,965150,325109,09654,324
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization24,206     
Operating lease, right-of-use asset3,3663,6165,1656,5377,8669,154
Property, plant and equipment  979,164800,586583,922281,073165,288
Long-term investments and receivables33,44623,52825,41825,85627,894 
Long-term investments33,44623,52825,41825,85627,894 
Regulated entity, other noncurrent assets    3,272 600
Other noncurrent assets34,15228,89928,42613,6704,7493,759
Other undisclosed noncurrent assets1,042,7101,8953,8238283,7103,001
Total noncurrent assets:1,137,8801,037,102863,418634,085325,292181,802
TOTAL ASSETS:1,574,8781,464,4211,125,383784,410434,388236,126
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,42785,91288,10457,56231,82340,801
Accounts payable39,16436,09655,08842,61216,45218,668
Accrued liabilities56,26349,81633,01614,95015,37122,133
Debt2,1201,998   1,185
Other undisclosed current liabilities1,3221,3121,5101,3841,298 
Total current liabilities:98,86989,22289,61458,94633,12141,986
Noncurrent Liabilities
Long-term debt and lease obligation418,436419,154 5,7107,09862,875
Long-term debt, excluding current maturities395,163393,074   54,466
Finance lease, liability23,27326,080    
Liabilities, other than long-term debt2,2132,5914,200   
Operating lease, liability2,2132,5914,2005,7107,0988,409
Other undisclosed noncurrent liabilities    (5,710)(7,098) 
Total noncurrent liabilities:420,649421,7454,2005,7107,09862,875
Total liabilities:519,518510,96793,81464,65640,219104,861
Equity
Equity, attributable to parent1,055,360953,4541,031,569719,754394,169131,265
Common stock494848434136
Treasury stock, value(256)(256)(256)(256)(256)(256)
Additional paid in capital1,338,1601,282,9841,325,524955,710600,388334,299
Accumulated other comprehensive income (loss)(787)(591)1,370(120)(80)(79)
Accumulated deficit(281,806)(328,731)(295,117)(235,623)(205,924)(202,735)
Total equity:1,055,360953,4541,031,569719,754394,169131,265
TOTAL LIABILITIES AND EQUITY:1,574,8781,464,4211,125,383784,410434,388236,126

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues975,177766,895595,344425,489318,790245,862
Cost of revenue
(Cost of Product and Service Sold)
(579,221)(516,023)(409,311)(263,343)(185,880)(131,665)
Gross profit:395,956250,872186,033162,146132,910114,197
Operating expenses(357,957)(281,318)(238,016)(186,809)(134,908)(114,450)
Operating income (loss):37,999(30,446)(51,983)(24,663)(1,998)(253)
Nonoperating income (expense)9,524(1,068)(3,498)(2,869)(1,125)(986)
Other nonoperating income11,86813,0291,71013875
Interest and debt expense(12,262)(14,097)(5,208)(2,882)(1,212)(991)
Other undisclosed income from continuing operations before equity method investments, income taxes12,26214,0975,208   
Income (loss) from continuing operations before equity method investments, income taxes:47,523(31,514)(55,481)(30,414)(4,335)(2,229)
Loss from equity method investments  (1,890)(3,731)   
Other undisclosed income from continuing operations before income taxes   2,8821,212991
Income (loss) from continuing operations before income taxes:47,523(33,404)(59,212)(27,532)(3,123)(1,239)
Income tax expense(598)(210)(282)(162)(65)(144)
Income (loss) from continuing operations:46,925(33,614)(59,494)(27,694)(3,188)(1,383)
Loss before gain (loss) on sale of properties:(27,694)(3,188)(1,383)
Net income (loss):46,925(33,614)(59,494)(27,694)(3,188)(1,383)
Other undisclosed net loss attributable to parent    (2,005)  
Net income (loss) available to common stockholders, diluted:46,925(33,614)(59,494)(29,699)(3,188)(1,383)

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):46,925(33,614)(59,494)(27,694)(3,188)(1,383)
Other comprehensive income   1,490   
Comprehensive income (loss):46,925(33,614)(58,004)(27,694)(3,188)(1,383)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(196)(1,961) (2,046)(1)(48)
Comprehensive income (loss), net of tax, attributable to parent:46,729(35,575)(58,004)(29,740)(3,189)(1,430)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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