Where Food Comes From, Inc. income statement
In fiscal 2025, Where Food Comes From, Inc. reported revenue of $24.9m, down 3.3% on the year before, operating income of $1.2m (a 4.8% margin) and net income of $1.5m, or $0.30 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 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 5 | 6 | 9 | 10 | 12 | 15 | 18 | 21 | 20 | 22 | 25 | 25 | 26 | 25 | 25 |
| Cost of revenue | 1 | 2 | 2 | 3 | 5 | 6 | 6 | 9 | 10 | 12 | 11 | 12 | 14 | 15 | 15 | 15 | 15 |
| Gross profit | 2 | 2 | 3 | 3 | 4 | 5 | 5 | 7 | 8 | 9 | 9 | 10 | 10 | 11 | 11 | 10 | 10 |
| Selling, general and administrative | 1 | 2 | 2 | 3 | 3 | 4 | 5 | 7 | 7 | 8 | 7 | 7 | 8 | 8 | 8 | 8 | 8 |
| Operating income | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 3 | 3 | 2 | 1 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 0 | 1 | 0 | −0 | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 4 | 3 | 3 | 3 | 2 | 2 |
| Income tax | — | −0 | −0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net income | 0 | 1 | 1 | −0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 3 | 2 | 2 | 2 | 2 | 1 |
| Diluted EPS | $0.08 | $0.16 | $0.16 | — | $0.04 | $0.08 | $0.08 | $0.04 | $0.12 | $0.22 | $0.22 | $0.48 | $0.33 | $0.39 | $0.40 | $0.30 | $0.29 |
| Diluted shares (average) | 5m | 5m | 5m | 5m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 5m | 5m | 5m |
| EBITDA | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| 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 | 7,107 | 6,662 | 5,273 | 6,562 | 7,015 | 6,042 | 5,365 | 6,611 |
| Cost of revenue | 4,333 | 3,861 | 3,078 | 4,102 | 4,329 | 3,875 | 3,322 | 3,928 |
| Gross profit | 2,774 | 2,801 | 2,195 | 2,460 | 2,686 | 2,167 | 2,043 | 2,683 |
| Selling, general and administrative | 2,166 | 2,046 | 2,053 | 1,911 | 2,111 | 2,227 | 1,745 | 2,018 |
| Operating income | 608 | 755 | 142 | 549 | 575 | −60 | 298 | 665 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 |
| Income before tax | 673 | 1,354 | 69 | 772 | 1,626 | −238 | 185 | 606 |
| Income tax | 181 | 393 | 38 | 210 | 480 | −35 | 93 | 193 |
| Net income | 492 | 961 | 31 | 562 | 1,146 | −203 | 92 | 413 |
| Diluted EPS | $0.09 | $0.19 | $0.01 | $0.11 | $0.22 | −$0.04 | $0.02 | $0.08 |
| EBITDA | 764 | 935 | 315 | 708 | 724 | 109 | 452 | 844 |
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