Earnings Releases·Nov 13, 2026, 5:14 PM ET

Where Food Comes From, Inc. — Third Quarter 2026 Earnings Summary

Total revenue increased 4% to $7.3 million in Q3 2026 (from $7.0 million), driven by a 6% rise in verification and certification revenue to $5.9 million, while product sales remained flat at $1.2 million.
Gross margin expanded to 42.1% in Q3 (from 38.3%) and operating income surged 68% to $1.0 million, though net income declined to $0.8 million due to a $0.9 million gain on the sale of the Progressive Beef interest in the prior year quarter.
The company returned $268,000 to stockholders in Q3 via share buybacks (21,170 shares), bringing nine-month buybacks to 110,651 shares, while cash and cash equivalents rose to $4.4 million.
Management highlighted strong momentum in new service offerings (CARE and RaiseWell® Certified) and record consumer interest in sustainability, noting that smaller cattle herd sizes continue to impact product sales despite value-add premiums.