Filing Flows › Innovative Food Holdings (IVFH) › Q1 2026
Innovative Food Holdings (IVFH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Innovative Food Holdings (IVFH) reported revenue of $12.2M for the first quarter 2026 (Q1 2026), -19% from a year earlier and +7% from the quarter before. Operating margin was 2.9%, net earnings $1.8M (15.1% of revenue).
Innovative Food Holdings, Q1 2026: revenue $12.2M (-19% year over year), operating margin 2.9%, net earnings $1.8M, operating cash flow −$234K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.2M | +7% | -19% |
| Gross profit | $3.1M | -13% | -20% |
| Operating profit | $351K | -60% | +35% |
| Net earnings | $1.8M | 71× | — |
| Operating cash flow | −$234K | -135% | — |
What changed
Revenue was $12.2M in Q1 2026, down 19% year over year and up 7% from the previous quarter. Digital Channels was the largest line at 55% of revenue. Local Distribution lost $1.4M year over year (down 31%), 48% of the total change.
Gross margin was 25.6%, down 0.4 points from Q1 2025. Operating profit was $351K, a 2.9% margin (up 1.1 points year over year). Operating expenses fell 24% while revenue fell 19%. Net earnings were $1.8M. The effective tax rate was 0.0%. Non-operating items added $1.5M, 81% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$234K. Non-cash charges added back $60K of depreciation and amortization and $24K of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $31K exceeded it, leaving free cash flow of −$265K.
Questions
What was Innovative Food Holdings' revenue in the first quarter 2026?
Innovative Food Holdings (IVFH) reported revenue of $12.2M for the first quarter 2026 (Q1 2026), -19% from a year earlier and +7% from the quarter before.
Was Innovative Food Holdings profitable in the first quarter 2026?
Operating profit was $351K (2.9% of revenue) and net earnings $1.8M.