Where Food Comes From, Inc. WFCF

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.300.400.390.340.490.230.220.030.010.02
EPS, diluted 0.300.400.390.330.480.220.220.030.010.02
Shares, diluted (wtd. avg.) 5.2M5.3M5.5M6.0M6.2M6.2M6.3M25.0M24.8M24.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • R&D
  • Total current assets
  • Receivables
  • Total equity
R&D, Total current assets, Receivables, Total equity by fiscal year, in US dollars The same figures are in the table below this chart. 0 5M 10M 15M Total current assets, FY2016: 4.8M Receivables, FY2016: 1.3M Total equity, FY2016: 9.4M Total current assets, FY2017: 5.6M Receivables, FY2017: 1.9M Total equity, FY2017: 9.7M Total current assets, FY2018: 4.4M Receivables, FY2018: 2.2M Total equity, FY2018: 10.8M Total current assets, FY2019: 5.9M Receivables, FY2019: 2.5M Total equity, FY2019: 11.9M Total current assets, FY2020: 7.5M Receivables, FY2020: 2.5M Total equity, FY2020: 12.5M Total current assets, FY2021: 8.7M Receivables, FY2021: 2.2M Total equity, FY2021: 13.7M Total current assets, FY2022: 7.9M Receivables, FY2022: 2.2M Total equity, FY2022: 12.5M Total current assets, FY2023: 6.2M Receivables, FY2023: 2.1M Total equity, FY2023: 10.8M Total current assets, FY2024: 5.5M Receivables, FY2024: 1.8M Total equity, FY2024: 9.9M Total current assets, FY2025: 6.3M Receivables, FY2025: 1.7M Total equity, FY2025: 9.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
R&D — — — — — — — — — —
Total current assets $4.8M $5.6M $4.4M $5.9M $7.5M $8.7M $7.9M $6.2M $5.5M $6.3M
Receivables $1.3M $1.9M $2.2M $2.5M $2.5M $2.2M $2.2M $2.1M $1.8M $1.7M
Total equity $9.4M $9.7M $10.8M $11.9M $12.5M $13.7M $12.5M $10.8M $9.9M $9.3M

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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