Innovative Food Holdings (IVFH) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 revenue grew 2.1% year-over-year to $60.7 million, with gross margin improving to 25.8% from 25.3%.

• GAAP net income from continuing operations was $2.5 million, down from $4.2 million in 2024; diluted EPS was $0.046 versus $0.081.

• Fourth quarter revenue declined 18.1% year-over-year to $13.3 million, with all channels experiencing pressure.

• Operational focus shifted to stabilization, modernization, and execution discipline, with technology and process reliability as key priorities for 2026.

Financial highlights

• Non-GAAP adjusted EBITDA for 2025 was $2.4 million, down from $4.1 million in 2024.

• Q4 2025 adjusted EBITDA was $718 thousand, down from $1.3 million in Q4 2024.

• Adjusted gross profit margin for 2025 was 25.8%, up from 25.3% in 2024.

• Unrestricted cash at year-end was $927 thousand.

Outlook and guidance

• 2026 priorities include operational stabilization, systems modernization, and building a more durable cash reserve.

• Growth will be pursued selectively, focusing on core platform stabilization and modernization.