Village Farms International, Inc. (VFF) Revenue History
Annual and quarterly revenue from 2004 to present
VFF Revenue Over Time (2004–2025)
VFF Revenue Growth History
14 of 21 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- +24.1%
- FY2006 revenue growth
- +53.1%
- FY2007 revenue growth
- +38.1%
- FY2008 revenue growth
- +17.0%
- FY2009 revenue growth
- -1.9%
- FY2010 revenue growth
- +10.9%
- FY2011 revenue growth
- +13.6%
- FY2012 revenue growth
- -18.6%
- FY2013 revenue growth
- +2.8%
- FY2014 revenue growth
- -0.7%
- FY2015 revenue growth
- +3.9%
- FY2016 revenue growth
- +9.6%
- FY2017 revenue growth
- +1.9%
- FY2018 revenue growth
- -5.3%
- FY2019 revenue growth
- -3.6%
- FY2020 revenue growth
- +17.7%
- FY2021 revenue growth
- +57.6%
- FY2022 revenue growth
- +9.5%
- FY2023 revenue growth
- -2.7%
- FY2024 revenue growth
- +17.7%
- FY2025 revenue growth
- -35.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $64.0M | +6.8% |
| Q1 2026 | $50.2M | -34.8% |
| Q4 2025 | $49.6M | -39.9% |
| Q3 2025 | $66.7M | -19.9% |
| Q2 2025 | $59.9M | +11.8% |
| Q1 2025 | $77.1M | -1.3% |
| Q4 2024 | $82.6M | +11.2% |
| Q3 2024 | $83.4M | +19.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
VFF's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
VFF Revenue Analysis (2004–2025)
Current Revenue & Growth
As of November 8, 2026, Village Farms International, Inc. (VFF) generated trailing twelve-month (TTM) revenue of $230.6 million, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q2 2026) recorded $64.0 million in revenue, up 27.3% sequentially.
Historical Growth Trajectory
VFF's 5-year compound annual growth rate (CAGR) stands at +4.9%, indicating moderate growth over time. The 3-year CAGR of -9.7% is below the 5-year average, signalling a growth deceleration in recent years. Village Farms International, Inc.'s highest annual revenue of $336.2 million was recorded in 2024.
Revenue by Segment
VFF's revenue is primarily driven by Cannabis Canada Segment (79%), Produce Business (13%), and Cannabis United States Segment (7%). With over half of revenue concentrated in Cannabis Canada Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including CGC (+27.1% YoY), TLRY (+15.9% YoY), and CRON (+90.7% YoY) — VFF has underperformed the peer group in revenue growth. Compare VFF vs CGC →
VFF Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VFFCurrent | $231M | +6.8% | +4.9% | 12.7% | |
 CGC | $285M | +27.1% | -12.2% | -25.7% | |
 TLRY | $915M | +15.9% | +12.3% | -6.9% | |
 CRON | $149M | +90.7% | +26.1% | -12.0% | |
 ACB | $321M | -16.6% | +5.5% | -14.6% | |
 OGI | $186M | +38.1% | +16.5% | -34.1% |
VFF Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $215.9M | -35.8% | $87.7M | 40.6% | $27.4M | 12.7% |
| 2024 | $336.2M | +17.7% | $47.4M | 14.1% | $-23,648,000 | -7.0% |
| 2023 | $285.6M | -2.7% | $49.4M | 17.3% | $-16,075,000 | -5.6% |
| 2022 | $293.6M | +9.5% | $27.5M | 9.4% | $-44,768,000 | -15.2% |
| 2021 | $268.0M | +57.6% | $45.2M | 16.9% | $-8,738,000 | -3.3% |
| 2020 | $170.1M | +17.7% | $11.0M | 6.4% | $-14,268,000 | -8.4% |
| 2019 | $144.6M | -3.6% | $-7,345,000 | -5.1% | $-28,821,000 | -19.9% |
| 2018 | $150.0M | -5.3% | $8.9M | 5.9% | $-6,678,000 | -4.5% |
| 2017 | $158.4M | +1.9% | $14.2M | 9.0% | $-1,175,000 | -0.7% |
| 2016 | $155.5M | +9.6% | $13.2M | 8.5% | $-497,000 | -0.3% |
| 2015 | $141.9M | +3.9% | $15.7M | 11.0% | $3.6M | 2.6% |
| 2014 | $136.6M | -0.7% | $13.8M | 10.1% | $379K | 0.3% |
| 2013 | $137.6M | +2.8% | $17.1M | 12.4% | $19.5M | 14.2% |
| 2012 | $133.9M | -18.6% | $7.4M | 5.6% | $15.1M | 11.3% |
| 2011 | $164.4M | +13.6% | $23.8M | 14.5% | $9.2M | 5.6% |
VFF Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
VFF — Frequently Asked Questions
Quick answers to the most common questions about buying VFF stock.
Is VFF's revenue growth accelerating or slowing?
VFF revenue growth is holding steady at +6.8% year-over-year. TTM revenue is $231M. The current growth rate closely tracks the 5-year CAGR of +4.9%, signalling consistent execution.
What is VFF's revenue history from 2004 to 2026?
Village Farms International, Inc. (VFF) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $231M, growing at +6.8% YoY. The 5-year CAGR is +4.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VFF's long-term revenue growth rate (CAGR)?
Village Farms International, Inc.'s 5-year revenue CAGR of +4.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +6.8% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VFF.
Why does VFF's quarterly revenue fluctuate?
VFF quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Village Farms International, Inc.'s revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is VFF's revenue distributed by segment?
VFF reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VFF's revenue compare to industry peers?
Village Farms International, Inc. (VFF) with TTM revenue of $231M and +6.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.