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Where Food Comes From
Where Food Comes From (WFCF) investor relations material
Where Food Comes From Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Reported total revenue of $24.9 million and net income of $1.5 million, or $0.30 per share, for 2025, down from $25.7 million and $2.1 million in the prior year.
Q4 revenue fell to $6.0 million from $6.7 million, resulting in a net loss of $0.2 million versus net income of $1.0 million in the prior year.
Growth in new customers and non-beef revenue streams was offset by smaller herd sizes, tariffs, and record high beef prices impacting beef-related verification activity.
Q4 revenue was notably affected by the unexpected closure of a key packing plant, impacting internal projections and resulting in executive management returning their bonus compensation.
New programs like RaiseWell Certified and CARE Certified contributed to customer and revenue growth.
Financial highlights
Total revenue reached $24.9 million for the year, with net income of $1.5 million and diluted EPS of $0.30.
Verification and certification revenue was $20.1 million; product sales $3.6 million; professional services $1.2 million.
Gross profit for the year was $9.5 million, with a gross margin of 38.2%.
Cash from operations was $1.6 million, and cash & equivalents at year-end were $3.2 million, up 59% year-over-year.
SG&A expense for the year was $8.3 million.
Outlook and guidance
Indications suggest the cattle herd contraction is at or near a bottom, with industry rebuilding expected over the next few years and stabilization anticipated in late 2026.
Expansion of services and certifications, including new programs like RaiseWell, positions the company for accelerated growth as recovery gains momentum.
Plans to continue stock repurchases in 2026, citing optimism about business prospects.
Continued optimism for long-term prospects in both beef and non-beef business lines.
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Next Where Food Comes From earnings date
Q1 20267 May, 2026
Where Food Comes From
Next Where Food Comes From earnings date
Q1 20267 May, 2026
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Frequently asked questions
Where Food Comes From, Inc., provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. It designs, implements, and manages processes and systems that verify the production claims of its customers through on-site audits, laboratory testing and other verification services.
The company verifies its customers claims regarding sustainable production methods; organic farming; antibiotic-free meat; third party animal welfare audits; non-GMO crops; traceability; and carbon free crops. It serves beef producers, partner feed yards, brand owners, grain handlers, growing operations and elevators, food service companies and restaurants, retail grocers and natural product retailers & distributors. Where Food Comes From, Inc. was founded in 1996 and is headquartered in Castle
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