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Where Food Comes From(NASDAQ) WFCF

Market Cap$65.46MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2006)+228%
5 Year-12%
1 Year+11%
1 Month+1%
$12.24
-5.78%
-0.75Today
Where Food Comes From last closing stock price
MetricPriceDate
Last closeUSD 12.562026-08-10
Where Food Comes From stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.44%USD 12.502026-08-03
1 month+1.09%USD 12.422026-07-10
3 month-2.3%USD 12.852026-05-12
Year to date+9.27%USD 11.492025-12-31
1 year+10.81%USD 11.332025-08-08
3 year-11.33%USD 14.162023-08-11
5 year-11.89%USD 14.252021-08-11
Since inception+228.05%USD 3.962006-11-15

Where Food Comes From Financials at a Glance

Market Cap

$65.46MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$25.03M

Net Income (TTM)

$1.45M

EPS (TTM)

$0.28

P/E Ratio

43.16

Dividend

$0.00

Beta (Volatility)

0.28 (Low)

Price

$12.24

Volume

2,365.32

Open

$12.11

Previous Close

$12.56

Daily Range

$12.11 - $13.00

52-Week Range

$9.15 - $22.15

Estimated Earnings Date

Aug 6, 2026

WFCF News

No articles available.

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About Where Food Comes From

Where Food Comes From helps food producers prove claims like “organic” or “humane” are accurate. Its audits and labels let shoppers trace food back to the source. The company’s services support farmers, retailers, and restaurants seeking transparency for their customers.

What’s on the Menu? Products and Services

  • Verification and Certification: On-site and remote audits for food claims; $5.3 million of $6.6 million total revenue in Q2 2025; serves farmers, processors, retailers.
  • Product Sales: Cattle identification tags; 14.7% of Q2 2025 revenue; targets livestock producers.
  • Professional Services: Consulting and data analysis; 4.1% of Q2 2025 revenue; supports food supply chain clients.
  • Source Verified Labeling: Labels and QR codes linking consumers to food origins; used by retailers and restaurants.
  • Software-as-a-Service (SaaS): Compliance management software for food producers; supports ongoing verification needs.

Growth and Expansion: The Company’s Recipe Book

  • Acquired IMI Global, Validus Verification Services, SureHarvest Services LLC, and Postelsia Holdings, Ltd. (years not specified).
  • Launched Source Verified labeling program, expanding consumer engagement with QR technology (timeline not specified).
  • Sold 10% stake in Progressive Beef, LLC in July 2025 for approximately $1.8M cash and 12,585 shares surrendered.
  • Bundled services and cross-sold to more than approximately 17,500 customers as of 2025.
  • Expanded product sales, especially cattle identification hardware, with 17.7% YoY growth in Q2 2025.

What Makes Where Food Comes From Stand Out?

The company acts as an independent verifier, supporting transparency in the U.S. food supply chain. Its bundled services and Source Verified program connect consumers directly to producers. Recurring revenue from audits and certifications provides stability across agricultural cycles.

Five Things You Need to Know

  • Q2 2025 revenue was $7M, up 2.6% from Q2 2024.
  • Verification and certification made up 81.3% of Q2 2025 revenue.
  • Net income for Q2 2025 was $562,000, up 14.9% year-over-year.
  • Cash and equivalents were $3.2M as of June 30, 2025.

Bottom Line

Where Food Comes From has evolved by diversifying services and adapting to industry cycles. Its focus on verification, transparency, and bundled offerings supports a stable, recurring revenue model.

AI Generated • Apr 16, 2026

Industry

Professional Services

Sector

Industrials

Employees

94

CEO

John K. Saunders

Website

www.wherefoodcomesfrom.com

Headquarters

Castle Rock, CO 80104, US

WFCF Financials

Key Financial Metrics (TTM)

Gross Margin

38.27%

Operating Margin

5.90%

Net Income Margin

5.78%

Return on Equity

15.39%

Return on Capital

11.22%

Return on Assets

10.66%

Earnings Yield

2.32%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$65.46MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

5.04M

Volume

2.37K

Avg. Volume

14.68K

Financials (TTM)

Gross Profit

$9.58M

Operating Income

$1.48M

EBITDA

$2.65M

Operating Cash Flow

$1.78M

Capital Expenditure

-$395.00K

Free Cash Flow

$1.38M

Cash & ST Invst.

$3.42M

Total Debt

$729.00K

Where Food Comes From Performance Analysis

Where Food Comes From annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 24,845,00013.3%
20232023-12-31USD 25,135,0001.2%
20242024-12-31USD 25,746,0002.4%
20252025-12-31USD 24,892,000-3.3%
Where Food Comes From sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-306.9%
Q42025-12-31-13.9%
Q12026-03-31-11.2%
Q22026-06-3023.2%
Where Food Comes From annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.33-31.0%
20232023-12-31USD 0.3917.4%
20242024-12-31USD 0.402.5%
20252025-12-31USD 0.30-25.2%
Where Food Comes From sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30100.0%
Q42025-12-31-118.1%
Q12026-03-31150.3%
Q22026-06-30300.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$6.61M

+0.7%

Gross Profit

$2.68M

+9.1%

Gross Margin

40.58%

N/A

Market Cap

$65.46MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$711.57K

N/A

Employees

92

N/A

Net Income

$413.00K

-26.5%

EBITDA

$606.00K

-35.0%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$3.42M

+6.7%

Total Debt

$729.00K

-70.6%

Accounts Receivable

$2.50M

+21.4%

Inventory

$989.00K

-11.1%

Long Term Debt

$588.00K

-72.1%

Short Term Debt

$435.00K

+16.3%

Return on Assets

10.66%

N/A

Return on Invested Capital

16.21%

N/A

Free Cash Flow

$1.31M

+13.8%

Operating Cash Flow

$1.46M

+23.6%

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Questions About WFCF

What is the current price of Where Food Comes From?

Where Food Comes From is trading at $12.56 per share.

What is the 52-week range for Where Food Comes From?

Over the past 52 weeks, Where Food Comes From has traded between $9.15 and $22.15.

How much debt does Where Food Comes From have?

As of the most recent reporting period, Where Food Comes From reported total debt of $729.00K.

How much cash does Where Food Comes From have on hand?

Where Food Comes From reported $3.42M in cash and cash equivalents in its most recent financial results.

What is Where Food Comes From’s dividend yield?

Where Food Comes From does not currently have a dividend yield.

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