A maker of pasture-raised eggs, butter, and hard-boiled eggs sold in tens of thousands of stores across the US, sourced from a network of over 600 small family farms. It began in 2007 when founder Matt O'Hayer started with just 20 Rhode Island Red hens on a 27-acre Austin farm, living in an RV on the property. The company is a Certified B Corporation and public benefit corporation, and its main Missouri processing plant is nicknamed Egg Central Station.
Vital Farms adopts amended and restated bylaws on August 11, 2026.
The amendments expand advance notice disclosure and procedural requirements for stockholder nominations and proposals, including disclosures for beneficial owners and nominee relationships.
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The Board of Directors approved and adopted the Amended and Restated Bylaws, effective immediately on August 11, 2026.
The bylaws clarify the authority of the Chairperson and Board to set rules for stockholder meetings and establish director candidate eligibility standards, including interview availability.
Emergency bylaws were added under Delaware law, providing governance procedures during emergencies, including alternative meeting means and modified quorum requirements.
The full text of the Amended Bylaws is attached as Exhibit 3.1 to the Form 8-K.
Vital Farms enters $185M credit facilities and reports Q2 2026 net loss of $31.1M
Vital Farms entered into a $60.0 million senior secured asset-based revolving credit facility and a $125.0 million senior secured term loan facility, replacing its prior $60.0 million 2024 credit facility.
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The company reported Q2 2026 net revenue of $166.0 million, down 10.1% year-over-year, and a net loss of $31.1 million versus net income of $16.6 million in the prior-year quarter.
The company's Board of Directors cancelled its stock repurchase authorization effective upon closing of the new credit facilities.
The company reiterated its fiscal year 2026 net revenue outlook of $775 million to $800 million and Adjusted EBITDA outlook of $0 million to $10 million.
The company amended its 2024 credit facility to waive a covenant breach for the quarter ended June 28, 2026.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.02 Results of Operations and Financial Condition · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Vital Farms Q1 2026 net revenue up 15.4% to $187.2M; net loss of $1.5M; plans to wind down butter business
First quarter net revenue increased 15.4% to $187.2 million from $162.2 million in the prior-year period.
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Gross margin fell to 28.3% from 38.5%; net loss was $1.5 million versus net income of $16.9 million a year ago.
Adjusted EBITDA was $5.0 million, down from $27.5 million in the prior-year quarter.
Company announced plan to wind down butter product offerings by end of fiscal 2026 to focus on core egg categories.
Fiscal 2026 outlook: net revenue of $775 million to $800 million, adjusted EBITDA of $0 to $10 million, and capital expenditures of $70 million to $75 million.
2.02 Results of Operations and Financial Condition · 2.05 Costs Associated with Exit or Disposal Activities · 9.01 Financial Statements and Exhibits
Vital Farms founder Matthew O'Hayer resigns as Executive Chairperson and Board member, effective February 24, 2026.
Russell Diez-Canseco, President and CEO, was appointed Executive Chairperson of the Board, effective the same date.
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Matthew O'Hayer, founder and Executive Chairperson, resigned from the Board and as an employee effective February 24, 2026, not due to any disagreement with the Company.
The Board reduced its size from nine to eight members, and Denny Marie Post remains lead independent director.
O'Hayer will serve as a non-employee advisor under a resignation agreement with the Company.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Vital Farms sets $2 billion net revenue target for 2030, hosts investor day
The company updated its fiscal 2025 net revenue outlook to $755-$765 million, citing a temporary disruption from its ERP system transition, while maintaining adjusted EBITDA guidance of over $115 million.
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Vital Farms announced a long-term target of $2 billion in annual net revenue by 2030, with adjusted EBITDA margins of 15% to 17% and gross margins of 35+% between 2025 and 2030.
Initial 2026 net revenue outlook is $930-$950 million, representing approximately 24% year-over-year growth at the midpoint.
Vital Farms named its new processing facility in Seymour, Indiana as Vital Crossroads (VXR), expected to be operational in 2027.
The company exited the 'hypercare' phase of its ERP transition on December 5, 2025, returning to normal operations.
The disclosure was made under Item 7.01 Regulation FD, with the press release furnished as Exhibit 99.1.
Vital Farms Q2 2025 net revenue up 25.4% to $184.8M; raises FY2025 outlook.
Second quarter net revenue rose 25.4% to $184.8 million from $147.4 million in the prior year period.
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Gross margin was 38.9% in Q2 2025, down slightly from 39.1% in Q2 2024.
Net income was $16.6 million, or $0.36 per diluted share, compared to $16.3 million, or $0.36 per diluted share, in the prior year quarter.
Adjusted EBITDA increased to $29.9 million (16.2% of net revenue) from $23.3 million (15.8% of net revenue) in the prior year period.
For fiscal 2025, the company raised net revenue guidance to at least $770 million and Adjusted EBITDA guidance to at least $110 million, and increased capital expenditure guidance to $90-$110 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits