Where Food Comes From, Inc.

Listed Company

WFCFCIK 0001360565NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareFY ends Dec 31

Period

FY 2025

Revenue

$24.89M

Net Income

$1.54M

Total Assets

$12.90M

Equity

$9.30M

Shares Out

5.04M

Op. Cash Flow

$1.61M

WFCF$12.43+12.49% · past yearDBEQ Basic

Daily closing prices

Business

Where Food Comes From, Inc. is a leading independent third-party verification provider for food production practices in North America. The company conducts on-site and desk audits to verify claims about livestock, aquaculture, crops and other food products, and offers professional consulting services and technology solutions to the food and agricultural industry. WFCF serves farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants through its family of verifiers and operates a Source Verified® retail and restaurant labeling program. The company distributes its services directly to customers throughout the agriculture, food and livestock supply chain.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	25	26	25	25	22
Total costs of revenues	15	15	15	14	12
Gross profit	10	11	11	10	10
Selling, general and administrative expenses	8	8	8	8	7
Income from operations	1	2	3	3	2
Dividend income	100,000	400,000	300,000	300,000	200,000
Interest income	24,000	35,000	52,000	—	—
Gain on sale of assets	900,000	1,000	—	—	—
Fair market value (loss) / gain on digital assets	−41,000	345,000	—	—	—
Loss on foreign currency exchange	−3,000	−5,000	−7,000	−38,000	−11,000
Interest expense	−3,000	−4,000	−5,000	−3,000	−6,000
Income before income taxes	2	3	3	3	4
Income tax expense	693,000	859,000	913,000	822,000	659,000
Net income	2	2	2	2	3
Basic (per share)	0.3	0.4	0.39	0.34	0.49
Diluted (per share)	0.3	0.4	0.39	0.33	0.48
Basic (shares)	5	5	5	6	6
Diluted (shares)	5	5	6	6	6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-04-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	3	—	2	3	4
Accounts receivable, net of allowance	2	—	2	2	2
Inventory	792,000	—	1	1	888,000
Prepaid expenses and other current assets	605,000	—	705,000	335,000	463,000
Total current assets	6	—	6	6	8
Property and equipment, net	648,000	—	737,000	844,000	998,000
Right-of-use assets, net	498,000	—	2	2	3
Equity investments	200,000	—	1	1	991,000
Intangible and other assets, net	1	—	2	2	2
Digital assets	613,000	—	654,000	309,000	—
Goodwill, net	3	—	3	3	3
Deferred tax assets, net	299,000	—	356,000	493,000	523,000
Total assets	13	—	15	16	18
Accounts payable	451,000	—	468,000	567,000	640,000
Accrued expenses and other current liabilities	655,000	—	611,000	615,000	769,000
Deferred revenue	2	—	2	1	—
Current portion of finance lease obligations	12,000	—	15,000	14,000	9,000
Current portion of operating lease obligations	422,000	—	337,000	298,000	341,000
Total current liabilities	3	—	3	3	3
Finance lease obligations, net of current portion	13,000	—	25,000	41,000	37,000
Operating lease obligation, net of current portion	496,000	—	2	2	3
Total liabilities	4	—	5	5	6
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.001 par value; 5,000 shares authorized; none issued or outstanding	—	—	—	—	—
Common stock, $0.001 par value; 95,000 shares authorized; 5,211 (2025) and 6,449 (2024) shares issued, and 5,059 (2025) and 5,242 (2024) shares outstanding	5,000	—	7,000	7,000	6,000
Additional paid-in-capital	23,000	—	11	12	12
Treasury stock of 152 (2025) and 1,206 (2024) shares	−2	—	−13	—	—
Retained earnings	11	2	12	10	8
Total equity	9	—	10	11	12
Total liabilities and stockholders equity	13	—	15	16	18

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	650,000	647,000	634,000	765,000	799,000
Rounding adjustment on treasury stock	−1,000	—	—	—	—
Stock-based compensation expense	23,000	34,000	78,000	154,000	291,000
Deferred tax benefit	56,000	90,000	30,000	−59,000	−21,000
Bad debt expense	57,000	48,000	44,000	26,000	—
Accounts receivable	91,000	254,000	—	−20,000	330,000
Inventory	210,000	107,000	−221,000	−121,000	−767,000
Prepaid expenses and other assets	100,000	−358,000	155,000	−138,000	267,000
Accounts payable	−17,000	−99,000	−73,000	193,000	−202,000
Accrued expenses and other current liabilities	44,000	−4,000	−154,000	59,000	108,000
Deferred revenue	−203,000	263,000	207,000	−235,000	381,000
Right of use assets and liabilities, net	−34,000	−26,000	−23,000	−14,000	5,000
Net cash provided by operating activities	2	3	3	3	3
Proceeds from sale of equity investment in Progressive Beef	2	—	—	—	—
Purchases of property, equipment and software development costs	−155,000	−159,000	−148,000	−89,000	−213,000
Net cash provided by / (used) in investing activities	2	−159,000	−648,000	−267,000	−3,000
Repayments of finance lease obligations	−15,000	−14,000	—	—	—
Proceed from stock option exercise	80,000	84,000	68,000	36,000	52,000
Private purchase of common shares	—	−1	—	—	—
Stock repurchase under Stock Buyback Plan	−2	−2	−4	−3	−1
Net cash used in financing activities	−2	−3	−4	−3	−2
Net change in cash	1	−629,000	−2	−1	1

Filings

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Frequently asked questions

What is Where Food Comes From, Inc.'s CIK number?

Where Food Comes From, Inc.'s SEC CIK number is 0001360565 (1360565). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Where Food Comes From, Inc.'s SEC filings?

All of Where Food Comes From, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Where Food Comes From, Inc. last report earnings?

Where Food Comes From, Inc. (WFCF) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023412). This is Where Food Comes From, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Where Food Comes From, Inc.'s most recent earnings 8-K?

Where Food Comes From, Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001493152-26-023412. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Where Food Comes From, Inc.'s latest earnings 8-K →
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