| Net Income Per Share |
18. Net Income Per Share Basic and diluted net income per share attributable to the Company’s common stockholders were calculated as follows:
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Fiscal Year Ended |
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December 28,
2025 |
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December 29,
2024 |
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December 31,
2023 |
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Numerator: |
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Net income |
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$ |
66,282 |
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$ |
53,388 |
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$ |
25,566 |
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Denominator: |
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Weighted average common shares outstanding — basic |
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44,587,030 |
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42,849,660 |
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41,192,544 |
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Weighted average effect of potentially dilutive securities: |
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Effect of potentially dilutive stock options |
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752,018 |
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1,753,780 |
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1,994,774 |
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Effect of potentially dilutive RSUs |
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312,550 |
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|
353,040 |
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|
107,577 |
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Effect of potentially dilutive PSUs |
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343,830 |
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|
156,719 |
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— |
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Effect of potentially dilutive common stock issuable pursuant to the ESPP |
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24,179 |
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|
13,929 |
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|
17,941 |
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Weighted average common shares outstanding — diluted |
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46,019,607 |
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45,127,128 |
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43,312,836 |
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Net income per share attributable to Vital Farms, Inc. stockholders |
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Basic |
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$ |
1.49 |
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$ |
1.25 |
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$ |
0.62 |
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Diluted |
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$ |
1.44 |
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$ |
1.18 |
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$ |
0.59 |
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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:
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Fiscal Year Ended |
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December 28,
2025 |
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December 29,
2024 |
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December 31,
2023 |
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Options to purchase common stock |
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— |
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|
|
422 |
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15,429 |
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Unvested RSUs |
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431 |
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4,318 |
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|
8,362 |
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Unvested PSUs |
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|
185 |
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|
|
2,209 |
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— |
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|
|
|
616 |
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|
6,949 |
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23,791 |
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