Where Food Comes From, Inc. WFCF
Food Comes From, Inc. and its subsidiaries ("WFCF," the "Company," "our," "we," or "us")
is a leading trusted resource for third-party verification of food production practices in North America. The Company estimates that
it supports more than approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations,
consumer brands, chefs and restaurants with a wide variety of value-added services provided through its family of verifiers. In order
Last close
13.81
2026-09-04
Market cap
$68.8M
2026-06-30 share count
52-week range
9.15 - 22.15
Valuation FY2025 figures against the last close
P/S2.8x
P/E46.0x
P/FCF47.4x
EV/EBITDA45.7x
Dividend yield—
Diluted EPS0.30
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.9M | $25.7M | $25.1M | $24.8M | $21.9M | $20.1M | $20.8M | $17.8M | $15.4M | $11.6M |
| Cost of revenue | $15.4M | $15.2M | $14.6M | $14.4M | $12.2M | $11.1M | $11.7M | $10.1M | $8.6M | $6.2M |
| Gross profit | $9.5M | $10.6M | $10.5M | $10.5M | $9.7M | $8.9M | $9.1M | $7.7M | $6.8M | $5.4M |
| SG&A | $8.3M | $8.4M | $7.8M | $7.8M | $7.4M | $7.2M | $7.5M | $6.9M | $6.7M | $4.8M |
| Total operating expenses | — | — | $7.2M | $7.1M | $6.6M | — | $6.4M | $5.9M | $5.9M | — |
| Operating income | $1.2M | $2.2M | $2.7M | $2.7M | $2.3M | $1.7M | $1.6M | $874.6K | $82.2K | $634.5K |
| Interest expense | $3.0K | $4.0K | $5.0K | $3.0K | $6.0K | $13.0K | $10.0K | $4.8K | $1.6K | $1.5K |
| Pre-tax income | $2.2M | $3.0M | $3.1M | $2.8M | $3.6M | $1.8M | $1.5M | $984.0K | $95.2K | $637.1K |
| Income tax | $693.0K | $859.0K | $913.0K | $822.0K | $659.0K | $462.0K | $460.0K | $309.0K | $266.2K | $235.5K |
| Net income | $1.5M | $2.1M | $2.2M | $2.0M | $3.0M | $1.4M | $1.3M | $800.7K | $142.3K | $433.2K |
| EPS, basic | 0.30 | 0.40 | 0.39 | 0.34 | 0.49 | 0.23 | 0.22 | 0.03 | 0.01 | 0.02 |
| EPS, diluted | 0.30 | 0.40 | 0.39 | 0.33 | 0.48 | 0.22 | 0.22 | 0.03 | 0.01 | 0.02 |
| Shares, diluted (wtd. avg.) | 5.2M | 5.3M | 5.5M | 6.0M | 6.2M | 6.2M | 6.3M | 25.0M | 24.8M | 24.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.2M | $2.0M | $2.6M | $4.4M | $5.4M | $4.4M | $2.6M | $1.5M | $2.7M | $2.5M |
| Short-term investments | — | — | — | — | — | — | $258.0K | $245.6K | $743.2K | $733.1K |
| Receivables | $1.7M | $1.8M | $2.1M | $2.2M | $2.2M | $2.5M | $2.5M | $2.2M | $1.9M | $1.3M |
| Inventory | $792.0K | $1.0M | $1.1M | $888.0K | $767.0K | — | — | — | — | — |
| Total current assets | $6.3M | $5.5M | $6.2M | $7.9M | $8.7M | $7.5M | $5.9M | $4.4M | $5.6M | $4.8M |
| Property, plant and equipment | $648.0K | $737.0K | $844.0K | $998.0K | $1.3M | $1.6M | $1.5M | $1.7M | $1.1M | $1.2M |
| Goodwill | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $3.1M | $2.7M | $2.7M |
| Other intangibles | $1.4M | $1.8M | $2.2M | $2.3M | $2.6M | $2.9M | $3.2M | $3.8M | $3.9M | $4.2M |
| Total assets | $12.9M | $15.3M | $16.3M | $18.3M | $19.8M | $19.4M | $18.2M | $14.5M | $13.3M | $12.9M |
| Accounts payable | $451.0K | $468.0K | $567.0K | $640.0K | $447.0K | $649.0K | $1.0M | $533.9K | $457.3K | $333.8K |
| Short-term debt | — | — | — | — | — | $463.0K | — | — | — | — |
| Total current liabilities | $3.1M | $3.2M | $3.0M | $3.0M | $3.0M | $3.1M | $2.7M | $1.7M | $1.9M | $1.3M |
| Long-term debt | — | — | — | — | — | $572.0K | — | — | — | — |
| Total liabilities | $3.6M | $5.4M | $5.5M | $5.8M | $6.0M | $7.0M | $6.3M | $2.2M | $2.1M | $1.6M |
| Retained earnings | $11.1M | $12.0M | $9.7M | $7.6M | $5.6M | $3.5M | $2.2M | $818.1K | $17.4K | -$124.9K |
| Total equity | $9.3M | $9.9M | $10.8M | $12.5M | $13.7M | $12.5M | $11.9M | $10.8M | $9.7M | $9.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.6M | $2.7M | $2.8M | $2.7M | $3.0M | $2.5M | $2.9M | $1.2M | $657.2K | $986.1K |
| Depreciation and amortisation | $300.0K | $300.0K | $300.0K | $400.0K | $400.0K | $997.0K | $1.1M | $942.4K | $854.2K | $267.6K |
| Stock-based compensation | $23.0K | $34.0K | $78.0K | $154.0K | $291.0K | $121.0K | $162.0K | $161.1K | $169.1K | $121.9K |
| Capital expenditure | $155.0K | $159.0K | $148.0K | $89.0K | $213.0K | $464.0K | $369.0K | $366.7K | $83.8K | $445.8K |
| Investing cash flow | $1.7M | -$159.0K | -$648.0K | -$267.0K | -$3.0K | -$730.0K | -$1.1M | -$2.0M | -$242.8K | -$1.7M |
| Financing cash flow | -$2.1M | -$3.2M | -$3.9M | -$3.4M | -$2.0M | $14.0K | -$604.0K | -$402.7K | -$198.6K | -$307.2K |
| Dividends paid | — | — | — | — | $914.0K | — | — | — | — | — |
| Buybacks | $2.2M | $2.2M | $4.0M | $3.5M | $1.1M | $1.0M | $555.0K | $384.5K | $199.6K | $347.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-015257.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
No annual figures to plot for this company yet.
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Annual report filed Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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