What is Freshpet's net debt?

Freshpet (FRPT) reported net debt of -$282.88M in Q1 2026.

How has Freshpet's net debt changed year-over-year?

Freshpet's net debt decreased by 36.8% year-over-year, from -$206.78M to -$282.88M.

What is the long-term trend for Freshpet's net debt?

Over 5 years (2020 to 2025), Freshpet's net debt has grown at a 24.8% compound annual growth rate (CAGR), from -$58.85M to -$178.01M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Freshpet FRPT Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Andersons Inc.ANDE

4×+2.1×

SeadrillSDRL

1×+0.6×

Other financials

Income statement

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Revenue$297.6M+13.1%

Gross profit$120.7M+16.3%

Operating income$4.3M+138%

Net income$48.5M+482%

EPS (diluted)$0.91+450%

Balance sheet

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Cash & equivalents$381.4M+56.5%

Total debt$98.5M+167%

Total equity$1.3B+20.3%

Total assets$1.8B+18.0%

Cash flow

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Operating cash flow$40.3M+739%

CapEx$27.6M+4.2%

Free cash flow$12.7M+159%

Valuation

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Market cap$2.62B-28.6%

Enterprise value$2.34B-32.1%

P/E13.1×-222×

P/S2.3×-1.3×

Profitability

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Gross margin41.1%+0.5pp

Operating margin8.1%+6.3pp

Net margin17.6%+16.1pp

FCF margin4.1%—

Returns & leverage

See full

Return on equity17.3%+15.8pp

Debt / equity0.1×0.0×

Current ratio6.2×+1.3×

Where this comes from

Calculated from Freshpet’s reported figures.

$98.5Mtotal debt−$381.4Mcash and equivalents=-$282.88M

The official record: Freshpet’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Freshpet's net debt?: Freshpet (FRPT) reported net debt of -$282.88M in Q1 2026.
How has Freshpet's net debt changed year-over-year?: Freshpet's net debt decreased by 36.8% year-over-year, from -$206.78M to -$282.88M.
What is the long-term trend for Freshpet's net debt?: Over 5 years (2020 to 2025), Freshpet's net debt has grown at a 24.8% compound annual growth rate (CAGR), from -$58.85M to -$178.01M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.