Vital Farms Sees 25% Revenue Growth, 31.6% EBITDA Gain and $100M Buyback
Vital Farms posted full-year 2025 net revenue of $759.4 million, up over 25%, and adjusted EBITDA of $114 million, a 31.6% increase. The board named Russell Diez-Canseco as executive chair and CEO, approved a $100 million buyback, and guided 2026 revenue to $900–$920 million with 12% EBITDA margin.
1. Fiscal 2025 Results
Vital Farms reported full-year 2025 net revenue of $759.4 million, a 25% increase over 2024, and adjusted EBITDA of $114 million, up 31.6%. Management attributed growth to a balanced contribution from volume and price/mix improvements following a May price increase, partially offset by elevated promotional activity.
2. Leadership Transition and Capital Actions
Founder Matt O’Hayer retired as executive chair and board member after nearly 20 years, with Russell Diez-Canseco appointed executive chair and CEO effective February 24. The board authorized a $100 million two-year share repurchase program and the company closed the year debt-free with $113.4 million in cash and equivalents.
3. 2026 Guidance and Strategic Outlook
For fiscal 2026, the company guided revenue of $900–$920 million (midpoint >20% growth) and adjusted EBITDA of $105–$115 million (12% margin), with planned CapEx of $140–$150 million to support capacity expansions. Executives flagged promotional normalization and potential near-term volatility in ordering patterns due to winter weather impacts.