Get notified when VITL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Securities Litigation (new) — Company and officers named in putative class action alleging false/misleading statements under Section 10(b) and 20(a) of the Exchange Act; derivative suit filed July 2026 alleging breach of fiduciary duties and Section 14(a) violations.
- Covenant Violation (new) — Company breached fixed charge coverage ratio covenant as of June 28, 2026 and required lender waiver, triggering refinancing into asset-backed lending structure with higher interest rates.
- Material Weakness (removed) — Previously disclosed material weakness in internal control over financial reporting has been fully remediated and no longer appears in risk factors.
revenue $166.0M, net income -$31.1M. Vital Farms swings to Q2 loss on oversupply, halts Crossroads, exits butter, faces litigation
Filed August 6, 2026 · Period ending June 28, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read
Key Changes
-
high
Q2 revenue fell 10.1% to $166.0M and net loss was $31.1M (vs. $16.6M income prior year) as industry-wide egg oversupply forced breaker/wholesale sales at lower prices, compressing gross margin from 39% to 7%.
MD&A: Operating Results verify on EDGAR → -
high
Company breached fixed charge coverage covenant as of June 28, 2026, obtained waiver, then replaced unsecured credit facility with $60M asset-backed revolver and drew $125M term loan at SOFR+7.50%; cash fell from $155M to $21M.
MD&A: Liquidity & Risk Factors: Covenant Breach verify on EDGAR → -
high
Halted construction on Vital Crossroads processing facility and paused accelerator farm development, cutting capex guidance from $90M–$110M to $55M–$80M; exiting butter business by end of FY2026.
MD&A: Capital Expenditures & Strategic Initiatives verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (WOLF 10-K) is open in full — no account needed.
Partner
Trade VITL commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 27, 2026 · How we verify