GlobeNewswire·May 14, 2026, 9:00 AM ET

Where Food Comes From, Inc. Reports 2026 First Quarter Financial Results

Where Food Comes From, Inc. reported first-quarter 2026 total revenue of $5.4 million, an increase from $5.3 million in the same period in 2025.
Verification & certification services revenue rose to $4.4 million from $4.2 million, while product sales increased slightly to $713,000 from $702,000.
Professional services revenue declined to $228,000 from $389,000 year-over-year.
Net income for the quarter was $92,000 ($0.02 per share), up from $31,000 ($0.01 per share) in 2025.
Gross margins decreased to 39% from 42% due to higher insurance & personnel costs.
Selling, general & administrative expenses fell 15% to $1.7 million from $2.1 million following the decision to forego 2025 bonus compensation.
Cash provided by operations was $523,000 compared to $632,000 in the prior year period.
The company repurchased 24,469 shares for $293,000 during the quarter, bringing total buybacks since inception to 1,399,121 shares for approximately $15.5 million.
CEO John Saunders highlighted growth in the new RaiseWell™ Certified program adopted by Whole Foods Market, along with expansion of the Upcycled Certified service.
Total assets on the balance sheet reached $13.226 million as of March 31, 2026, with total equity at $9.2 million.