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Innovative Food Holdings (IVFH) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Innovative Food Holdings (IVFH) Q2 2026 earnings results →
Q2 2026 Revenue down 22% year over year to $13.1M · 3¢ of every $1 of revenue kept as net profit · operating margin 3.0%
Innovative Food Holdings made $13.1M in Q2 2026 (-22% Y/Y): Digital Channels $7.1M, Local Distribution $3.2M, National Distribution $2.8M. Operating margin 3.0%, net earnings $364K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $13.1M in Q2 2026, down 22% year over year and up 7% from the previous quarter. Digital Channels was the largest line at 54% of revenue. Digital Channels lost $1.4M year over year (down 16%), 39% of the total change.
Gross margin was 26.2%, up 0.5 points from Q2 2025. Operating profit was $395K, a 3.0% margin (down 1.9 points year over year). Operating expenses fell 12% while revenue fell 22%. Net earnings were $364K, up 523% year over year. The effective tax rate was 7.2%.
Operating cash flow was $609K (up 6% year over year), 167% of net earnings. Non-cash charges added back $82K of depreciation and amortization and $24K of share-based compensation. Working capital and other items added $139K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $13.1M | -22% | 3.0% | $364K | $609K |
| Q1 2026 | 10-Q | May 20, 2026 | $12.2M | -19% | 2.9% | $1.8M | −$234K |
| Q4 2025 | 10-K | Mar 31, 2026 | $11.4M | -18% | 7.7% | $26K | $660K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $16.4M | +4% | 4.0% | −$1.7M | −$285K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $21.1M | +27% | 1.2% | $59K | $575K |
| Q1 2025 | 10-Q | May 15, 2025 | $19.5M | +26% | -1.1% | −$430K | −$977K |
| Q4 2024 | 10-K | Mar 20, 2025 | $22.7M | +25% | -0.4% | −$46K | −$3.6M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- USFoods Inc — 42% of its revenue · Stated in 10-K (XBRL) · source
- USFood Inc — 36% of its revenue · Stated in 10-K (XBRL) · source
About Innovative Food Holdings
We were incorporated on June 14, 1979 under the laws of the State of Colorado originally under the name Alpha Solarco Inc. On February 18, 2003, we changed our name to Fiber Application Systems Technology, Ltd. On February 17, 2004, we changed our state of incorporation by merging into Innovative Food Holdings, Inc., a Florida corporation. We build dynamic scalable businesses by selling specialty foods that are difficult to find through traditional channels. Our expertise is forging close relationships with the producers, growers, makers and distributors of specialty products, then carefully selecting our suppliers based on their quality, uniqueness and reliability.
In its own words, from its 10-K, filed Mar 31, 2026.
Innovative Food Holdings against its Wholesale-Groceries, General Line peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -22% against the peers' median +11%. Operating margin: 3.0% against the peers' median 1.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IVFH Innovative Food Holdings | Q2 2026 | $13.1M | -22% | 3.0% |
| PFGC Performance Food Group | Q1 FY27 | $18.0B | +6% | 1.5% |
| UNFI United Natural Foods | Q4 FY26 | $7.6B | -0.7% | 0.9% |
| CHEF Chefs' Warehouse | Q3 2026 | $1.1B | +11% | 4.5% |
| DIT Amcon Distributing | Q3 FY26 | $835M | +13% | 0.7% |
| MWYN Marwynn Holdings | Q1 FY27 | $1.1M | 26× | -7.7% |
Source: Innovative Food Holdings 10-Q on SEC EDGAR · CIK 312257 · Wholesale-Groceries, General Line
13F: who owns IVFH and who is buying
More on IVFH
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Innovative Food Holdings gross margin by quarter
- Innovative Food Holdings operating margin by quarter
- Innovative Food Holdings net income by quarter
- Innovative Food Holdings Digital Channels revenue by quarter
- Innovative Food Holdings Local Distribution revenue by quarter
- Innovative Food Holdings National Distribution revenue by quarter