AGM/EGMApr 27, 2026, 04:12 PM
VITL 2025 Revenue +25.3% to $759.4M; Founder O'Hayer Retires
AI Summary
Vital Farms, Inc. (VITL) announced record net revenue of $759.4 million in fiscal year 2025, marking a 25.3% increase year-over-year, with Adjusted EBITDA reaching $114.0 million. The company also reported the retirement of founder Matt O’Hayer as Executive Chairperson and Board member in February 2026, with Russell Diez-Canseco expanding his role to Executive Chairperson, President, and CEO. The definitive proxy statement details the upcoming 2026 Annual Meeting of Stockholders on June 10, 2026, where shareholders will vote on director elections, auditor ratification, and executive compensation.
Key Highlights
- VITL reported record net revenue of $759.4 million in fiscal 2025, a 25.3% increase YoY.
- Gross profit for 2025 was $285.7 million, or 37.6% of net revenue.
- Adjusted EBITDA reached $114.0 million in 2025, surpassing $100 million for the first time.
- Founder Matt O’Hayer retired as Executive Chairperson and Board member in February 2026.
- Russell Diez-Canseco was elected Executive Chairperson, in addition to President and CEO.
- Farm network expanded to over 600 small farms, adding approximately 175 in 2025.
- Aided brand awareness increased to 34% by year-end 2025, up 8 percentage points.
- The 2026 Annual Meeting of Stockholders is scheduled for June 10, 2026, virtually.