Where Food Comes From, Inc. (WFCF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.37M | 6.04M | 7.01M | 6.56M | 5.27M | 6.66M | 7.11M | 6.39M | 5.58M | 6.73M | 7.01M | 6.13M | 5.27M | 6.09M | 7.26M | 5.33M | 6.16M | 5.81M | 6.54M | 5.14M |
| Revenue Growth % | 1.74% | -9.31% | -1.29% | 2.61% | -5.54% | -1.03% | 1.37% | 4.39% | 5.98% | 10.47% | -3.5% | 14.91% | -14.44% | 4.94% | 11% | 3.7% | 38.65% | 4.59% | 5.62% | 16.42% |
| Cost of Goods Sold | 3.32M | 3.88M | 4.33M | 4.1M | 3.08M | 3.86M | 4.33M | 3.74M | 3.25M | 3.72M | 4.14M | 3.62M | 3.12M | 3.33M | 4.08M | 3.2M | 3.76M | 2.87M | 3.62M | 3.13M |
| COGS % of Revenue | 61.92% | 64.13% | 61.71% | 62.51% | 58.37% | 57.96% | 60.97% | 58.44% | 58.28% | 55.33% | 59.12% | 59.09% | 59.31% | 54.69% | 56.23% | 60.05% | 61.06% | 49.4% | 55.26% | 60.92% |
| Gross Profit | 2.04M | 2.17M | 2.69M | 2.46M | 2.19M | 2.8M | 2.77M | 2.66M | 2.33M | 3.01M | 2.87M | 2.51M | 2.14M | 2.76M | 3.18M | 2.13M | 2.4M | 2.94M | 2.93M | 2.01M |
| Gross Margin % | 38.08% | 35.87% | 38.29% | 37.49% | 41.63% | 42.04% | 39.03% | 41.56% | 41.72% | 44.67% | 40.88% | 40.91% | 40.69% | 45.31% | 43.77% | 39.95% | 38.94% | 50.6% | 44.74% | 39.08% |
| Gross Profit Growth % | -6.92% | -22.63% | -3.17% | -7.45% | -5.75% | -6.85% | -3.21% | 6.07% | 8.68% | 8.91% | -9.87% | 17.65% | -10.6% | -6.02% | 8.61% | 6.02% | 28.73% | 19.63% | 6.01% | -4.33% |
| Operating Expenses | 1.75M | 2.23M | 2.11M | 1.91M | 2.05M | 2.05M | 2.17M | 2.08M | 2.07M | 2.08M | 1.92M | 1.83M | 1.99M | 2.12M | 2.11M | 1.82M | 1.77M | 2.14M | 1.79M | 1.73M |
| OpEx % of Revenue | 32.53% | 36.86% | 30.09% | 29.12% | 38.93% | 30.71% | 30.48% | 32.45% | 37.05% | 30.96% | 27.39% | 29.92% | 37.74% | 34.78% | 28.99% | 34.08% | 28.82% | 36.93% | 27.35% | 33.59% |
| Selling, General & Admin | 1.75M | 2.23M | 2.11M | 1.91M | 2.05M | 2.05M | 2.17M | 2.08M | 2.07M | 2.08M | 1.92M | 1.83M | 1.99M | 2.12M | 2.11M | 1.82M | 1.77M | 2.14M | 1.79M | 1.73M |
| SG&A % of Revenue | 32.53% | 36.86% | 30.09% | 29.12% | 38.93% | 30.71% | 30.48% | 32.45% | 37.05% | 30.96% | 27.39% | 29.92% | 37.74% | 34.78% | 28.99% | 34.08% | 28.82% | 36.93% | 27.35% | 33.59% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 1K | 0 | 1K | 0 | 0 |
| Operating Income | 298K | -60K | 575K | 549K | 142K | 755K | 608K | 583K | 261K | 923K | 946K | 673K | 155K | 642K | 1.07M | 313K | 623K | 794K | 1.14M | 282K |
| Operating Margin % | 5.55% | -0.99% | 8.2% | 8.37% | 2.69% | 11.33% | 8.55% | 9.12% | 4.68% | 13.71% | 13.49% | 10.99% | 2.94% | 10.54% | 14.78% | 5.87% | 10.12% | 13.68% | 17.39% | 5.49% |
| Operating Income Growth % | 109.86% | -107.95% | -5.43% | -5.83% | -45.59% | -18.2% | -35.73% | -13.37% | 68.39% | 43.77% | -11.92% | 115.02% | -75.12% | -19.14% | -5.62% | 10.99% | 600% | 28.9% | 19.04% | -39.87% |
| EBITDA | 298K | 109K | 724K | 708K | 315K | 935K | 764K | 739K | 416K | 1.07M | 1.1M | 836K | 327K | 824K | 1.26M | 510K | 818K | 992K | 1.34M | 481K |
| EBITDA Margin % | 5.55% | 1.8% | 10.32% | 10.79% | 5.97% | 14.03% | 10.75% | 11.56% | 7.45% | 15.88% | 15.68% | 13.65% | 6.21% | 13.52% | 17.41% | 9.57% | 13.29% | 17.09% | 20.44% | 9.36% |
| EBITDA Growth % | -5.4% | -88.34% | -5.24% | -4.19% | -24.28% | -12.54% | -30.48% | -11.6% | 27.22% | 29.73% | -13.12% | 63.92% | -60.02% | -16.94% | -5.46% | 6.03% | 181.1% | 13.11% | 10.21% | -32.63% |
| D&A (Non-Cash Add-back) | 0 | 169K | 149K | 159K | 173K | 180K | 156K | 156K | 155K | 146K | 153K | 163K | 172K | 182K | 191K | 197K | 195K | 198K | 200K | 199K |
| EBIT | 298K | -60K | 575K | 549K | 142K | 1.35M | 674K | 583K | 261K | 923K | 946K | 737K | 212K | 734K | 1.07M | 313K | 623K | 794K | 1.14M | 282K |
| Net Interest Income | -1K | 7K | 7K | 4K | 3K | 34K | -1K | -1K | -1K | -2K | -1K | -1K | -1K | -1K | 0 | -1K | -1K | -1K | -1K | -1K |
| Interest Income | 0 | 8K | 7K | 5K | 4K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1K | 1K | 0 | 1K | 1K | 1K | 1K | 1K | 1K | 2K | 1K | 1K | 1K | 1K | 0 | 1K | 1K | 1K | 1K | 1K |
| Other Income/Expense | -113K | -178K | 1.05M | 223K | -73K | 599K | 65K | 104K | 4K | 186K | 63K | 63K | 56K | 91K | 9K | 27K | 37K | 194K | 27K | 24K |
| Pretax Income | 185K | -238K | 1.63M | 772K | 69K | 1.35M | 673K | 687K | 265K | 1.11M | 1.01M | 736K | 211K | 733K | 1.08M | 340K | 660K | 988K | 1.17M | 306K |
| Pretax Margin % | 3.45% | -3.94% | 23.18% | 11.76% | 1.31% | 20.32% | 9.47% | 10.74% | 4.75% | 16.48% | 14.39% | 12.01% | 4.01% | 12.03% | 14.91% | 6.38% | 10.72% | 17.02% | 17.8% | 5.95% |
| Income Tax | 93K | -35K | 480K | 210K | 38K | 393K | 181K | 198K | 87K | 333K | 286K | 204K | 90K | 243K | 298K | 118K | 163K | 246K | 298K | 104K |
| Effective Tax Rate % | 50.27% | 14.71% | 29.52% | 27.2% | 55.07% | 29.03% | 26.89% | 28.82% | 32.83% | 30.03% | 28.34% | 27.72% | 42.65% | 33.15% | 27.52% | 34.71% | 24.7% | 24.9% | 25.58% | 33.99% |
| Net Income | 92K | -203K | 1.15M | 562K | 31K | 961K | 492K | 489K | 178K | 776K | 723K | 532K | 121K | 490K | 785K | 222K | 497K | 742K | 867K | 202K |
| Net Margin % | 1.71% | -3.36% | 16.34% | 8.56% | 0.59% | 14.43% | 6.92% | 7.65% | 3.19% | 11.53% | 10.31% | 8.68% | 2.3% | 8.04% | 10.81% | 4.16% | 8.07% | 12.78% | 13.25% | 3.93% |
| Net Income Growth % | 196.77% | -121.12% | 132.93% | 14.93% | -82.58% | 23.84% | -31.95% | -8.08% | 47.11% | 58.37% | -7.9% | 139.64% | -75.65% | -33.96% | -9.46% | 9.9% | -56.78% | 36.15% | 18.77% | -42.45% |
| Net Income (Continuing) | 92K | -203K | 1.15M | 562K | 31K | 961K | 492K | 489K | 178K | 776K | 723K | 532K | 121K | 490K | 785K | 222K | 497K | 742K | 867K | 202K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.02 | -0.04 | 0.22 | 0.11 | 0.01 | 0.18 | 0.09 | 0.09 | 0.03 | 0.14 | 0.13 | 0.09 | 0.02 | 0.08 | 0.13 | 0.04 | 0.08 | 0.12 | 0.14 | 0.03 |
| EPS Growth % | - | -122.11% | 139.65% | 21.15% | -81.79% | 28.57% | -29.38% | -2.16% | 55.02% | 68.27% | 0% | 132% | -74.13% | -30.67% | -7.14% | 33.33% | -57.47% | 33.33% | 16.67% | -50% |
| EPS (Basic) | 0.02 | -0.04 | 0.22 | 0.11 | 0.01 | 0.18 | 0.09 | 0.09 | 0.03 | 0.14 | 0.13 | 0.09 | 0.02 | 0.08 | 0.13 | 0.04 | 0.08 | 0.13 | 0.14 | 0.03 |
| Diluted Shares Outstanding | 5.07M | 5.1M | 5.3M | 5.28M | 5.23M | 5.33M | 5.36M | 5.39M | 5.5M | 5.6M | 5.66M | 5.74M | 5.8M | 5.89M | 6.02M | 6.1M | 6.15M | 6.17M | 6.16M | 6.19M |
| Basic Shares Outstanding | 5.06M | 5.1M | 5.28M | 5.27M | 5.21M | 5.32M | 5.34M | 5.37M | 5.48M | 5.54M | 5.6M | 5.67M | 6.05M | 5.81M | 5.94M | 6.01M | 6.07M | 6.08M | 6.09M | 6.1M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |