AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Freshpet grew Q2 FY2026 net sales 15.5% YoY to $305.6M on 15.7% volume growth, expanded gross margin to 42.1%, and posted $19.5M net income aided by a $4.5M gain tied to its equity investment sale.
Biggest Revenue Drivers
Grocery, Mass, International and Digital$239.0M+$22.1M YoY
78% of net sales; drove more than half of the $40.9M total net sales increase
Pet Specialty and Club$66.6M
22% of net sales, up from $47.8M; accounted for the remaining growth beyond the Grocery/Mass/International/Digital channel
Biggest Revenue Drivers
Total revenue: $305.6M+15.5% YoY
Grocery, Mass, International and Digital$239.0M+$22.1M YoY
78% of net sales; drove more than half of the $40.9M total net sales increase
Pet Specialty and Club$66.6M
22% of net sales, up from $47.8M; accounted for the remaining growth beyond the Grocery/Mass/International/Digital channel
Largest Expense Items
Cost of goods sold$176.9M
58% of net sales; gross margin rose to 42.1% on lower input costs and improved plant expense leverage, partly offset by higher quality costs from new technology line startups
Selling, general and administrative expenses$107.0M35.0% of net sales vs 34.1% prior year
Increase driven by higher logistics costs and variable compensation accrual, partially offset by decreased media spend as a percentage of net sales
Income tax expense$6.1M+$6.2M YoY
Increase primarily attributable to higher taxable income from the gain on equity investment
Margins: Gross margin expanded 1.2 points to 42.1% on lower input costs and better plant expense leverage, partly offset by higher quality costs from new technology line startups. SG&A rose to 35.0% of net sales from 34.1% on higher logistics costs and variable compensation accrual.
Watch Items from the Filing
One distributor and two customers accounted for 7%, 25%, and 12% of net sales in Q2 FY2026, and 5%, 31%, and 15% of accounts receivable as of June 30, 2026.
Board authorized a $150M share repurchase program in May 2026; $54.4M was repurchased in Q2 FY2026, leaving $95.6M available.
Company received cash proceeds and recognized a $66.6M pre-tax gain (including $4.5M in Q2) from selling its non-controlling equity investment stake, a non-recurring item boosting net income.
$398.4M carrying value of 3.00% Convertible Senior Notes due 2028 became redeemable at the Company's option starting April 3, 2026 if stock trading conditions are met.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Alexander Lisa AxtGC & Corp. Sec.Shares withheld for tax or exercise price · Mar 15, 2026
Congress trading in FRPT
1 transaction in FRPT reported by 1 member of Congress under the STOCK Act, most recent trade Dec 18, 2024. Reported transactions, not recommendations.
About Freshpet, Inc. (FRPT): stock profile, AI score and financials
Freshpet, Inc. (FRPT) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores FRPT at 61.7/100 on a composite quality score built from its SEC filings, placing it at rank #760 of 2,925 stocks — the top half of the AI-ranked universe. FRPT scores in the top quartile across balance sheet strength (88.7), profitability (81.6), revenue growth (75.0). Areas of concern include institutional flow (22.8) and earnings quality (26.2), which score below median versus the broader universe. Shareholder dilution risk is elevated at 49.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Freshpet, Inc. reports quarterly revenue of $305.6M, net income of $19.5M, an operating margin of 7.1%. Top institutional holders of FRPT by reported 13-F value include BlackRock, Capital World Investors, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FRPT trades on the Nasdaq exchange and files with the SEC under CIK 1611647. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRPT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Freshpet, Inc. directly from SEC EDGAR.