Company research
Where Food Comes From, Inc.
CIK 1360565Updated Sep 24, 2026
SecurityWFCF · NASDAQ · equity
Name history
Integrated Management Information, Inc. · through Dec 5, 2012
WFCF price & chart
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NASDAQ:WFCF on TradingView ↗About the company
Where Food Comes From, Inc. is America’s trusted resource for third party verification of food production practices. Through proprietary technology and patented business processes, the Company estimates that it supports more than 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a wide variety of value-added services. Where Food Comes From solutions are used to verify food claims, optimize production practices and enable food supply chains with analytics and data driven insights. In addition, the Company’s Where Food Comes From® retail and restaurant labeling program uses web-based customer education tools to connect consumers to the sources of the food they purchase, increasing meaningful consumer engagement for our clients.
In the news
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Recent filings
S-3/A filing
S-3/A filing
10-Q/A filing
10-K/A filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,899,000Source | 15,306,000Source | 16,286,000Source | 18,296,000Source |
| Property, Plant and Equipment, NetUSD | 648,000Source | 737,000Source | 844,000Source | 998,000Source |
| GoodwillUSD | 2,946,000Source | 2,946,000Source | 2,946,000Source | 2,946,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,420,000Source | 1,810,000Source | 2,303,000Source | 2,340,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,200,000Source | 2,012,000Source | 2,641,000Source | 4,368,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,678,000Source | 1,826,000Source | 2,128,000Source | 2,172,000Source |
| Inventory, NetUSD | 792,000Source | 1,002,000Source | 1,109,000Source | 888,000Source |
| Assets, CurrentUSD | 6,275,000Source | 5,545,000Source | 6,213,000Source | 7,891,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 605,000Source | 705,000Source | 335,000Source | 463,000Source |
| Operating Lease, Right-of-Use AssetUSD | 477,000Source | 2,031,000Source | 2,245,000Source | — |
| Other Assets, NoncurrentUSD | 20,000Source | 19,000Source | 23,000Source | 23,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,594,000Source | 5,373,000Source | 5,467,000Source | 5,819,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,000Source | 7,000Source | 7,000Source | 6,000Source |
| Additional Paid in CapitalUSD | 23,000Source | 11,381,000Source | 12,290,000Source | 12,145,000Source |
| Retained Earnings (Accumulated Deficit)USD | 11,060,000Source | 12,007,000Source | 9,741,000Source | 7,589,000Source |
| Stockholders' Equity Attributable to ParentUSD | 9,305,000Source | 9,933,000Source | 10,819,000Source | 12,477,000Source |
| Liabilities and EquityUSD | 12,899,000Source | 15,306,000Source | 16,286,000Source | 18,296,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,085,000Source | 3,179,000Source | 2,979,000Source | 3,037,000Source |
| Operating Lease, Liability, CurrentUSD | 422,000Source | 337,000Source | 298,000Source | 341,000Source |
| Accounts Payable, CurrentUSD | 451,000Source | 468,000Source | 567,000Source | 640,000Source |
| Operating Lease, Liability, NoncurrentUSD | 496,000Source | 2,169,000Source | 2,447,000Source | 2,745,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | — | 769,000Source |
| Deferred Revenue, CurrentUSD | — | — | 1,485,000Source | 1,278,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 23,000Source | 34,000Source | 78,000Source | 154,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -91,000Source | -254,000Source | — | 20,000Source |
| Increase (Decrease) in InventoriesUSD | -210,000Source | -107,000Source | 221,000Source | 121,000Source |
| Increase (Decrease) in Accounts PayableUSD | -17,000Source | -99,000Source | -73,000Source | 193,000Source |
| Deferred Income Tax Expense (Benefit)USD | 56,000Source | 90,000Source | 30,000Source | -59,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,607,000Source | 2,730,000Source | 2,822,000Source | 2,654,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 1,682,000Source | -159,000Source | -648,000Source | -267,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 155,000Source | 159,000Source | 148,000Source | 89,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,166,000Source | 2,243,000Source | 3,956,000Source | 3,456,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,101,000Source | -3,200,000Source | -3,901,000Source | -3,433,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,188,000Source | -629,000Source | -1,727,000Source | -1,046,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 439,000Source | 1,236,000Source | 802,000Source | 1,084,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 400,000Source | 400,000Source | 300,000Source | 300,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | 0Source |
| DepreciationUSD | 300,000Source | 300,000Source | 300,000Source | 400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,000Source | -5,000Source | -7,000Source | -38,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 946,000Source | — | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | — | 1,000Source | 7,000Source | 12,000Source |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | — | 1,000Source | 7,000Source | 12,000Source |
| GoodwillUSD | 2,946,000Source | 2,946,000Source | 2,946,000Source | 2,946,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | 62,000Source |
| Income Tax Expense (Benefit)USD | 693,000Source | 859,000Source | 913,000Source | 822,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,536,000Source | 2,120,000Source | 2,152,000Source | 1,994,000Source |
| Nonoperating Income (Expense)USD | 1,023,000Source | 772,000Source | 368,000Source | 164,000Source |
| Operating Costs and ExpensesUSD | 7,652,000Source | 7,708,000Source | — | — |
| Operating ExpensesUSD | — | — | 7,191,000Source | 7,051,000Source |
| Payments to Acquire InvestmentsUSD | — | — | 200,000Source | — |
| Proceeds from Stock Options ExercisedUSD | 80,000Source | 84,000Source | 68,000Source | 36,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 24,892,000Source | 25,746,000Source | 25,135,000Source | 24,845,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 8,302,000Source | 8,355,000Source | 7,825,000Source | 7,816,000Source |
| Operating Income (Loss)USD | 1,206,000Source | 2,207,000Source | 2,697,000Source | 2,652,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 2,229,000Source | 2,979,000Source | 3,065,000Source | 2,816,000Source |
| Income Tax Expense (Benefit)USD | 693,000Source | 859,000Source | 913,000Source | 822,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,536,000Source | 2,120,000Source | 2,152,000Source | 1,994,000Source |
| Earnings Per Share, BasicUSD per share | 0.3Source | 0.4Source | 0.39Source | 0.34Source |
| Earnings Per Share, DilutedUSD per share | 0.3Source | 0.4Source | 0.39Source | 0.33Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,152,000Source | 5,318,000Source | 5,485,000Source | 5,955,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,165,000Source | 5,334,000Source | 5,548,000Source | 6,035,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 400,000Source | 400,000Source | 300,000Source | 300,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 650,000Source | 647,000Source | 634,000Source | 765,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,000Source | -5,000Source | -7,000Source | -38,000Source |
| Gross ProfitUSD | 9,508,000Source | 10,562,000Source | 10,522,000Source | 10,468,000Source |
| Interest ExpenseUSD | 3,000Source | 4,000Source | 5,000Source | 3,000Source |
| Interest Income, OtherUSD | 24,000Source | 35,000Source | — | — |
| Labor and Related ExpenseUSD | 3,843,000Source | 3,652,000Source | — | — |
| Marketing and Advertising ExpenseUSD | 500,000Source | 800,000Source | 300,000Source | 200,000Source |
| Nonoperating Income (Expense)USD | 1,023,000Source | 772,000Source | 368,000Source | 164,000Source |
| Operating Costs and ExpensesUSD | 7,652,000Source | 7,708,000Source | — | — |
| Operating ExpensesUSD | — | — | 7,191,000Source | 7,051,000Source |
| Other ExpensesUSD | 929,000Source | 1,017,000Source | — | — |
Offerings
Registration 333-298045
Filing attachments
ex99-1.htm · 8-K · 2026-08-10
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Where Food Comes From, Inc. Reports Second Quarter Financial Results Second Quarter Highlights - 2026 vs. 2025 Verification and certification revenue: $5,389,000 vs. $5,332,000 Product sales: $937,000 vs. $964,000 Total revenue: $6,611,000 vs. $6,562,000 Income from operations: $665,000 vs. $549,000 Net income: $413,000 vs. $562,000 Diluted EPS: $0.08 vs. $0.11 Company returns $809,000 in value to stockholders through b…
Read attachment ↗ex99-2.htm · 8-K · 2026-08-10
EX-99.2 3 ex99-2.htm EX-99.2 Exhibit 99.2 Where Food Comes From, Inc. 2026 Second Quarter Conference Call Call date: Thursday August 6, 2026 Call time: 10:00 a.m. Mountain Time Jay Pfeiffer - Investor Relations Good morning and welcome to the Where Food Comes From 2026 second quarter earnings call. Joining me on the call today are CEO John Saunders, President and Chief Strategy Officer Leann Saunders, and CFO Dannette Henning. During this call we’ll make forward-looking statements ba…
Read attachment ↗ex99-1.htm · 8-K · 2026-05-15
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Where Food Comes From, Inc. Reports 2026 First Quarter Financial Results First Quarter Highlights - 2026 vs. 2025 Verification and certification revenue increased to $4.4 million from $4.2 million Product sales increased slightly to $713,000 from $702,000 Total revenue increased to $5.4 million from $5.3 million Net income of $92,000, or $0.02 per share, up from $31,000, or $0.01 per share Company bought back 24,469 shares of i…
Read attachment ↗ex99-2.htm · 8-K · 2026-05-15
EX-99.2 3 ex99-2.htm EX-99.2 Exhibit 99.2 Where Food Comes From, Inc. 2026 First Quarter Conference Call Call date: Thursday May 14, 2026 Call time: 10:00 a.m. Mountain Time Jay Pfeiffer - Investor Relations Good morning and welcome to the Where Food Comes From 2026 first quarter earnings call. Joining me on the call today are CEO John Saunders and Chief Financial Officer Dannette Henning. During this call we’ll make forward-looking statements based on current expectations, estimates…
Read attachment ↗ex99-1.htm · 8-K · 2026-02-27
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Where Food Comes From, Inc. Reports 2025 Financial Results Full Year Highlights - 2025 vs. 2024 Verification and certification revenue: $20.1M vs. $20.6M Product sales: $3.6M vs. $3.8M Total revenue: $24.9M vs. $25.7M Net income: $1.5M vs. $2.1M Diluted EPS: $0.30 vs. $0.40 Cash generated from operations: $1.6M vs. $2.7M Cash & cash equivalents: $3.2M vs. $2.0M at 2024 year-end Stock buybacks: 183,016 shares Total…
Read attachment ↗ex99-2.htm · 8-K · 2026-02-27
EX-99.2 3 ex99-2.htm EX-99.2 Exhibit 99.2 Where Food Comes From, Inc. 2025 Fourth Quarter and Full Year Conference Call Call date: Thursday February 26, 2026 Call time: 10:00 a.m. Mountain Time Jay Pfeiffer - Investor Relations Good morning and welcome to the Where Food Comes From 2025 fourth quarter and full year earnings call. Joining me on the call today are CEO John Saunders, President Leann Saunders, and Chief Financial Officer Dannette Henning. During this call we’ll make forwa…
Read attachment ↗