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GlobeNewswire·

Where Food Comes From, Inc. Reports 2025 Third Quarter Financial Results

WFCF
  • Where Food Comes From, Inc. reported third quarter 2025 total revenue of $7.0M, down slightly from $7.1M in 2024.
  • Verification & certification revenue rose to $5.6M in Q3 2025 from $5.5M in 2024, while product sales fell to $1.2M from $1.3M.
  • Nine month 2025 total revenue was $18.9M, a decrease from $19.1M in the same 2024 period.
  • Net income for Q3 2025 reached $1.1M ($0.22 diluted EPS) compared to $0.5M ($0.09 diluted EPS) in 2024, driven largely by a $946K gain on the sale of Progressive Beef interest.
  • Year-to-date net income for 2025 was $1.7M ($0.34 diluted EPS) versus $1.2M ($0.21 diluted EPS) in 2024.
  • The company repurchased 60,721 shares in Q3 2025, bringing the nine-month total to 116,547 shares.
  • Total buybacks since plan inception reached 1,308,183 shares valued at approximately $14.3M.
  • Cash & cash equivalents grew to $4.8M as of September 30, 2025, more than doubling from $2.0M at the 2024 year-end.
  • Cash generated from operations for the first nine months was $2.3M, down from $2.8M in 2024.
  • Gross profit declined slightly in Q3 to $2.7M from $2.8M due to higher compensation, insurance, & hardware costs.
  • SG&A expenses decreased to $2.1M in Q3 from $2.2M as lower marketing costs offset higher compensation.
  • CEO John Saunders noted revenue impacts from tariffs & herd size reductions were offset by growth in pork, dairy, egg, non-GMO, gluten-free, organic, & upcycled certifications.
  • The company highlighted gross margin stability despite wage inflation, attributing it to improved efficiencies & cost management.
  • A conference call regarding these results is scheduled for November 13, 2025, at 10:00 a.m. Mountain Time.