Inferra AI / Company / FRPT

Freshpet, Inc.

FRPT · Consumer Staples

Last earnings Aug 5, 2026

Key results

Net incomequarter

$16.4 million

Net income of $16.4 million, compared to the prior year period net loss of $1.7 million.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Gross marginquarter

40.9%

Gross margin of 40.9%, compared to the prior year period of 39.9%.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Adjusted gross marginquarter

46.9%

Adjusted Gross Margin of 46.9%, compared to the prior year period of 45.9%.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

1 Net income was $16.4 million for the second quarter of 2025 compared to net loss of $1.7 million in the prior year period.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

1 Net income was $3.7 million for the first six months of 2025 compared to net income of $16.9 million in the prior year period.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Adjusted gross marginfull-year

22%

The Company is reiterating its Adjusted Gross Margin target of 48% and Adjusted EBITDA Margin target of 22% for full year 2027.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

AI analysis

Q2 2025 · reported Aug 4, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Gross margin · Q2 2025

40.9%

Full year: 22%

EX-99 · Aug 4, 2025

Net income · Q2 2025

$16.4M

EX-99 · Aug 4, 2025

Adjusted gross margin · Q2 2025

46.9%

EX-99 · Aug 4, 2025

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
Net income	$16.4 million	—	—
Gross margin	40.9%	—	—
Adjusted gross margin	46.9%	—	—

EX-99 · Aug 4, 2025

Guidance · company-stated

Margin

“Reports Second Quarter 2025 Financial Results Delivers Category Leading Growth Drives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital Requirements Updates Outlook for 2025 and 2027 Bedminster, N.”

Revenue$190 million

“Outlook For full year 2025, the Company is updating its guidance and now expects the following Net sales increase of 13% to 16% from 2024, compared to an increase of 15% to 18% in the previous guidance Adjusted EBITDA in the range of $190 million to $210 million, unchanged and Capital expenditures of $175 million, compared to $225 million in the previous guidance.”

Primary outlook statements conflict; no label forced — evidence preserved.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin40.9%

Adjusted gross margin46.9%

Adjusted gross marginfull year22%

Capital allocation

Net revenuefull year13%

Net revenue16%

That includes accelerating our advertising and distribution programs, reducing our capital expenditures, and strengthening our operations.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Reports Second Quarter 2025 Financial Results Delivers Category Leading Growth Drives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital Requirements Updates Outlook for 2025 and 2027

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Margin: “Reports Second Quarter 2025 Financial Results Delivers Category Leading Growth Drives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital Requirements Updates Outlook for 2025 and 2027 Bedminster, N.”

Revenue: “Outlook For full year 2025, the Company is updating its guidance and now expects the following Net sales increase of 13% to 16% from 2024, compared to an increase of 15% to 18% in the previous guidance Adjusted EBITDA in the range of $190 million to $210 million, unchanged and Capital expenditures of $175 million, compared to $225 million in the previous guidance.”

Margin — Lowered (“Reduce”)
“Reports Second Quarter 2025 Financial Results Delivers Category Leading Growth Drives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital Requirements Updates Outlook for 2025 and 2027 Bedminster, N.”

Revenue — Raised (“increase”)
“Outlook For full year 2025, the Company is updating its guidance and now expects the following Net sales increase of 13% to 16% from 2024, compared to an increase of 15% to 18% in the previous guidance Adjusted EBITDA in the range of $190 million to $210 million, unchanged and Capital expenditures of $175 million, compared to $225 million in the previous guidance.”

Revenue — Lowered (“reducing”)
“These include statements our focus on accelerating our advertising and distribution programs, reducing our capital expenditures, and strengthening our operations, our expectation to grow significantly in excess of the dog food category, updated guidance on 2025 net sales and capital expenditures and our long-term net sales target.”

Primary outlook statements conflict; no label forced — evidence preserved.

Capital allocation

That includes accelerating our advertising and distribution programs, reducing our capital expenditures, and strengthening our operations.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Balance Sheet As of June 30, 2025, the Company had cash and cash equivalents of $243.7 million with $396.2 million of debt outstanding, net of $6.3 million of unamortized debt issuance costs.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Outlook For full year 2025, the Company is updating its guidance and now expects the following Net sales increase of 13% to 16% from 2024, compared to an increase of 15% to 18% in the previous guidance Adjusted EBITDA in the range of $190 million to $210 million, unchanged and Capital expenditures of $175 million, compared to $225 million in the previous guidance.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

These include statements our focus on accelerating our advertising and distribution programs, reducing our capital expenditures, and strengthening our operations, our expectation to grow significantly in excess of the dog food category, updated guidance on 2025 net sales and capital expenditures and our long-term net sales target.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

March 2023 Issuance of $ 402.5 million of 3.00 % Convertible Senior Notes (the "Convertible Notes") - In conjunction with the issuance of the $ 402.5 million Convertible Notes in March 2023 , the Company evaluated the debt instrument and its embedded features to determine if the contract or the embedded components of the contract qualified as a derivative that would be required to be separately accounted for in accordance with the relevant accounting literature.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

The Company accounts for the Convertible Notes as a single liability measured at amortized cost with debt issuance costs recorded as a direct deduction to the debt liability in the Consolidated Balance Sheet.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Strategy & priorities

Reports Second Quarter 2025 Financial Results Delivers Category Leading Growth Drives Operational Efficiencies that Deliver Margin Expansion and Reduce Capital Requirements Updates Outlook for 2025 and 2027 Bedminster, N.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

As a nimble growth company that is adapting to an economically constrained consumer, we are intensely focused on what we can control.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

(d) Represents termination costs due to a business change in our international go-to-market strategy.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Risks & headwinds

Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including difficulties in launching our new technology, a change in economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, difficulties in construction of manufacturing facilities, and most prominently, the risks discussed under the heading Risk Factors in the Company's latest annual report on Form 10-K and quarterly reports on Form 10-Q filled with the Securities and Exchange Commission.

SEC original ↗Freshpet, Inc. — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including difficulties in launching our new technology, a change in economic uncertainty, changes in rate of pet acquisition, the launch of new competitive products, impact of tariffs, difficulties in construction of manufacturing facilities, and most prominently, the risks discussed under the heading Risk Factors in the Company's latest annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.

SEC original ↗Freshpet, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 4, 2025

Legal Proceedings 40 Item 1A.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Exhibits 41 2 Table of Contents Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.

SEC original ↗Freshpet, Inc. — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Freshpet, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors