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Where Food Comes From Inc

WFCF

NASDAQIndustrialsSpecialty Business Services

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$12.5001

−$0.8099 · -6.08%

Aug 21, 4:00 PM ET

WFCF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

58

Fair Value

Momentum

41

Neutral

Sentiment

62

Bullish

Risk resilience

38

High Risk

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Company profile

Company website

Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in North America. The company conducts on-site and desk audits to verify claims about livestock, food, other specialty crops, and agricultural and aquaculture products; offers various value-added services, including verification, certification, consulting, and other professional services; and sells hardware and technology solutions. It serves farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs, and restaurants, as well as beef and pork packers, organic producers and processors, and specialty retail chains. The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is based in Castle Rock, Colorado.

Industry
Specialty Business Services
Sector
Industrials
Headquarters
US
CEO
John K. Saunders
Listed since
Nov 15, 2006
Employees
90

Market position

Day range

Current $12.5001

52-week range

Current $12.5001

Open
$13.00
Previous close
$13.31
Volume
5.1K
0.32× average
Average volume
15.99K
Average daily volume
Market cap
62.99M USD
Beta
0.11
Market reference 1
50-day average
$12.4896
+0.08% above average
200-day average
$12.1864
+2.57% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
57.44M USD
EV / EBITDA
19.93×
Earnings yield
2.59%
Free cash flow yield
2.45%

Profitability & efficiency

Return on equity
16.51%
Return on assets
11.91%
Return on invested capital
8.11%

Financial health

Current ratio
2.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%33%17%1%Gross margin, FY2021: 44.40%Gross margin, FY2022: 42.13%Gross margin, FY2023: 41.86%Gross margin, FY2024: 41.02%Gross margin, FY2025: 38.20%Operating margin, FY2021: 10.50%Operating margin, FY2022: 10.67%Operating margin, FY2023: 10.73%Operating margin, FY2024: 8.57%Operating margin, FY2025: 4.84%Net margin, FY2021: 13.50%Net margin, FY2022: 8.03%Net margin, FY2023: 8.56%Net margin, FY2024: 8.23%Net margin, FY2025: 6.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 44.40%. Gross margin FY2022 42.13%. Gross margin FY2023 41.86%. Gross margin FY2024 41.02%. Gross margin FY2025 38.20%. Operating margin FY2021 10.50%. Operating margin FY2022 10.67%. Operating margin FY2023 10.73%. Operating margin FY2024 8.57%. Operating margin FY2025 4.84%. Net margin FY2021 13.50%. Net margin FY2022 8.03%. Net margin FY2023 8.56%. Net margin FY2024 8.23%. Net margin FY2025 6.17%.

Income trends

Revenue

24.89M USD-3.32%

Operating income

1.21M USD-45.36%

Net income

1.54M USD-27.55%
Income trends across reported periods28.2M USD18.38M USD8.57M USD−1.25M USDRevenue, FY2021: 21.93M USDRevenue, FY2022: 24.85M USDRevenue, FY2023: 25.14M USDRevenue, FY2024: 25.75M USDRevenue, FY2025: 24.89M USDOperating income, FY2021: 2.3M USDOperating income, FY2022: 2.65M USDOperating income, FY2023: 2.7M USDOperating income, FY2024: 2.21M USDOperating income, FY2025: 1.21M USDNet income, FY2021: 2.96M USDNet income, FY2022: 1.99M USDNet income, FY2023: 2.15M USDNet income, FY2024: 2.12M USDNet income, FY2025: 1.54M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 21.93M USD. Revenue FY2022 24.85M USD. Revenue FY2023 25.14M USD. Revenue FY2024 25.75M USD. Revenue FY2025 24.89M USD. Operating income FY2021 2.3M USD. Operating income FY2022 2.65M USD. Operating income FY2023 2.7M USD. Operating income FY2024 2.21M USD. Operating income FY2025 1.21M USD. Net income FY2021 2.96M USD. Net income FY2022 1.99M USD. Net income FY2023 2.15M USD. Net income FY2024 2.12M USD. Net income FY2025 1.54M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue24.89M USD25.75M USD25.14M USD24.85M USD21.93M USD
Cost of goods sold15.38M USD15.18M USD14.61M USD14.38M USD12.2M USD
Gross profit9.51M USD10.56M USD10.52M USD10.47M USD9.74M USD
Selling, general, and administrative8.3M USD8.36M USD7.83M USD7.82M USD7.43M USD
Operating expenses8.3M USD8.36M USD7.83M USD7.82M USD7.43M USD
Interest income24K USD35K USD———
Interest expense3K USD4K USD5K USD3K USD6K USD
Depreciation and amortization650K USD647K USD634K USD710K USD799K USD
Operating income1.21M USD2.21M USD2.7M USD2.65M USD2.3M USD
Net income1.54M USD2.12M USD2.15M USD1.99M USD2.96M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
+10.00%
2 comparable reports
Latest EPS result
0.08
Estimate 0.05 · Beat by 60.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.260.150.03-0.08Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.13, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 0.01, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 0.11, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 0.22, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 26, 2026: actual -0.04, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 0.02, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 0.08, estimate 0.05, surprise +60.00%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 0.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.3M6.4M5.51M4.62MQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25MetQ1 '26No estimateQ2 '26No estimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 6.66M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 5.27M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 6.56M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 7.02M USD, estimate 7.02M USD, surprise 0.00%, Met estimate. Q1 2026, reported Feb 26, 2026: actual 6.04M USD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 5.37M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 6.61M USD, estimate 4.9M USD, surprise +34.92%, Beat. Q4 2026, reported Nov 18, 2026: actual —, estimate 4.9M USD, surprise —, Comparison unavailable.

WFCF news

zacks.com

WFCF Q2 Earnings Fall Y/Y as Digital Asset Loss Offsets Margin Gains

Where Food Comes From's Q2 revenues rise 1% y/y and margins improve, but a negative digital-asset swing lowers earnings as beef pressures persist.

Read source
marketbeat.com

Where Food Comes From Q2 Earnings Call Highlights

Where Food Comes From NASDAQ: WFCF reported slightly higher second-quarter revenue and improved operating income as growth in verification and certification services helped offset continued pressure in its flagship beef…

Read source
seekingalpha.com

Where Food Comes From, Inc. (WFCF) Q2 2026 Earnings Call Transcript

Where Food Comes From, Inc. (WFCF) Q2 2026 Earnings Call Transcript

Read source
globenewswire.com

Where Food Comes From, Inc. Reports Second Quarter Financial Results

Second Quarter Highlights – 2026 vs. 2025 Verification and certification revenue: $5,389,000 vs.

Read source
defenseworld.net

Where Food Comes From (WFCF) Expected to Announce Earnings on Thursday

Where Food Comes From (NASDAQ: WFCF - Get Free Report) is projected to announce its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.05 per share and…

Read source
globenewswire.com

Where Food Comes From, Inc. Schedules 2026 Second Quarter Earnings Call

CASTLE ROCK, Colo., Aug. 03, 2026 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America,…

Read source

Corporate actions

Corporate action history

Stock split

Effective Dec 7, 2020

1:4

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ETFs holding WFCF

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.44M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
323.37K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
109.74K
Weight
0.01%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%

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