GlobeNewswire·Nov 12, 2026, 8:30 AM ET

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

WFCF

Total revenue for the third quarter of 2026 rose 4% to $7.3 million from $7.0 million in the prior year period.
Verification \& certification revenue increased 6% to $5.9 million, while product sales remained flat at $1.2 million.
Gross margin improved to 42.1% from 38.3% in the third quarter of 2025.
Operating income grew 68% to $1.0 million, driven by cost reduction initiatives \& revenue growth.
Net income was $0.825 million, or $0.17 per diluted share, compared to $1.146 million in the prior year quarter which included a $946,000 gain on asset sales.
The company repurchased 21,170 shares for $268,000 in value returned to stockholders during the third quarter.
Nine-month total revenue increased 2% to $19.3 million from $18.9 million in the same period last year.
Nine-month verification \& certification revenue rose 4% to $15.7 million, with product sales flat at $2.9 million.
Nine-month gross margin improved to 40.5% from 38.9%, \& operating income increased 52% to $1.9 million.
Nine-month net income was $1.3 million, or $0.27 per diluted share, compared to $1.7 million in the prior year period which included a $946,000 gain on asset sales.
Cash generated from operations for the nine months was $2.8 million, up from $2.3 million in the prior year.
Cash \& cash equivalents increased to $4.4 million at September 30, 2026, from $3.2 million at year-end 2025.
Total stock buybacks for the nine months totaled 110,651 shares.
Over the past seven years, the company has returned $17.5 million in value to shareholders through buybacks \& a special dividend.
Professional services revenue declined to $218,000 in the quarter \& $731,000 for the nine months compared to prior year periods.

Company: Where Food Comes From
Keywords: Nasdaq:WFCF, Where Food Comes From