v3.25.2
Net Income Per Share
6 Months Ended
Jun. 29, 2025
Earnings Per Share [Abstract]  
Net Income Per Share

Note 17. Net Income Per Share

Basic and diluted net income per share attributable to Vital Farms, Inc. common stockholders were calculated as follows:

 

 

13-Weeks Ended

 

 

26-Weeks Ended

 

 

 

June 29,
2025

 

 

June 30,
2024

 

 

June 29,
2025

 

 

June 30,
2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

16,638

 

 

$

16,339

 

 

$

33,539

 

 

$

35,362

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

44,591,484

 

 

 

42,500,355

 

 

 

44,421,116

 

 

 

42,148,992

 

Weighted average effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Effect of potentially dilutive stock options

 

 

692,884

 

 

 

2,139,855

 

 

 

783,166

 

 

 

2,044,539

 

Effect of potentially dilutive RSUs

 

 

209,821

 

 

 

389,866

 

 

 

304,073

 

 

 

317,531

 

Effect of potentially dilutive PSUs

 

 

302,757

 

 

 

207,040

 

 

 

295,414

 

 

 

71,398

 

Effect of potentially dilutive common stock issuable pursuant to the ESPP

 

 

7,212

 

 

 

11,676

 

 

 

12,105

 

 

 

17,941

 

Weighted average common shares outstanding — diluted

 

 

45,804,158

 

 

 

45,248,792

 

 

 

45,815,874

 

 

 

44,600,401

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.37

 

 

$

0.38

 

 

$

0.76

 

 

$

0.84

 

Diluted

 

$

0.36

 

 

$

0.36

 

 

$

0.73

 

 

$

0.79

 

The Company excluded the following shares of common stock, outstanding at each period end, from the computation of diluted net income per share attributable to Vital Farms, Inc. common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

13-Weeks Ended

 

 

26-Weeks Ended

 

 

 

June 29,
2025

 

 

June 30,
2024

 

 

June 29,
2025

 

 

June 30,
2024

 

Options to purchase common stock

 

 

1,281

 

 

 

1,933

 

 

 

 

 

 

1,401

 

Unvested RSUs

 

 

 

 

 

602

 

 

 

 

 

 

1,411

 

Unvested PSUs

 

 

 

 

 

525

 

 

 

 

 

 

174

 

 

 

1,281

 

 

 

3,060

 

 

 

 

 

 

2,986