Freshpet, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
FRPT$64.61-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| For the Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $97,708 | $105,322 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Provision for loss on accounts receivable | 14 | 12,130 |
| Loss on disposal of property, plant and equipment | 664 | 1,355 |
| Share-based compensation | 21,402 | 20,256 |
| Depreciation and amortization | 73,745 | 66,798 |
| Amortization of deferred financing costs | 1,677 | 1,618 |
| Change in operating lease right of use asset | 2,487 | 1,529 |
| Deferred income taxes | 25,881 | (77,919) |
| Gain on equity investment | (66,552) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4,791) | (7,410) |
| Inventories | (17,671) | 9,825 |
| Prepaid expenses and other current assets | (688) | (3,992) |
| Other assets | (5,218) | 80 |
| Accounts payable | (1,101) | (7,097) |
| Accrued expenses | 19,571 | (15,874) |
| Operating lease liability | (1,612) | (1,166) |
| Net cash flows provided by operating activities | 145,516 | 105,455 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sale of equity investment | 99,998 | — |
| Acquisitions of property, plant and equipment, software and deposits on equipment | (80,259) | (95,134) |
| Net cash flows provided by (used in) investing activities | 19,739 | (95,134) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Purchase of treasury stock, inclusive of broker fees | (102,304) | — |
| Proceeds from exercise of options to purchase common stock | 11,736 | 264 |
| Tax withholdings related to net shares settlements of restricted stock units | (4,663) | (3,054) |
| Principal payments under finance lease obligations | (2,139) | (1,573) |
| Net cash flows used in financing activities | (97,370) | (4,363) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 67,885 | 5,958 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 277,975 | 268,633 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $345,860 | $274,591 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
|---|---|---|
| Interest paid, net of amounts capitalized | $11,535 | $11,875 |
| Taxes paid | $1,833 | $— |
| Operating right-of-use assets obtained in exchange for lease obligations | $— | $64,866 |
| NON-CASH FINANCING AND INVESTING ACTIVITIES: | ||
| Property, plant and equipment and software purchases in accounts payable and accrued expenses | $4,373 | $7,014 |
| Excise tax on share repurchases included in accrued liabilities | $211 | $— |
| Tax withholdings related to net shares settlements of restricted stock units in accrued expenses | $161 | $2 |
| Non-cash addition of finance lease to property, plant and equipment | $— | $7,236 |
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