Village Farms International, Inc. income statement
In fiscal 2025, Village Farms International, Inc. reported revenue of $216m, up 10.2% on the year before and net income of $32.4m, or $0.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 158 | 150 | 145 | 170 | 268 | 294 | 163 | 196 | 216 | 231 |
| Cost of revenue | 144 | 141 | 152 | 159 | 223 | 266 | 115 | 150 | 128 | 128 |
| Gross profit | 14 | 9 | −7 | 11 | 45 | 27 | 48 | 46 | 88 | 102 |
| Selling, general and administrative | 15 | 14 | 17 | 19 | 54 | 72 | 57 | 62 | 60 | 65 |
| Interest expense | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 3 | 3 | 2 |
| Income before tax | −6 | −10 | −4 | 9 | −13 | −97 | −27 | −37 | 31 | 35 |
| Income tax | −1 | −2 | −6 | −3 | −4 | 5 | 7 | −2 | 10 | 12 |
| Net income | −5 | −8 | 2 | 12 | −9 | −101 | −35 | −36 | 32 | 23 |
| Diluted EPS | −$0.12 | −$0.17 | $0.05 | $0.19 | −$0.11 | −$1.13 | −$0.32 | −$0.32 | $0.27 | $0.18 |
| Diluted shares (average) | 39m | 44m | 51m | 61m | 82m | 89m | 109m | 111m | 119m | 125m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 45 | 40 | 60 | 67 | 50 | 50 | 64 |
| Cost of revenue | 41 | 38 | 26 | 38 | 35 | 30 | 29 | 34 |
| Gross profit | 14 | 7 | 14 | 22 | 32 | 19 | 21 | 30 |
| Selling, general and administrative | 15 | 16 | 15 | 15 | 16 | 15 | 16 | 19 |
| Operating income | 2 | — | −0 | 7 | — | — | 5 | 11 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Income before tax | −1 | −11 | −1 | 12 | 16 | 5 | 4 | 10 |
| Income tax | 0 | −2 | 1 | 3 | 5 | 2 | 2 | 3 |
| Net income | −1 | −9 | −7 | 26 | 10 | 2 | 3 | 7 |
| Diluted EPS | −$0.01 | −$0.07 | −$0.06 | $0.24 | $0.08 | $0.01 | $0.02 | $0.06 |
| EBITDA | 6 | — | 4 | 11 | — | — | 9 | 14 |
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