Filing Flows › Innovative Food Holdings (IVFH) › Q3 2025
Innovative Food Holdings (IVFH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Innovative Food Holdings (IVFH) reported revenue of $16.4M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -22% from the quarter before. Operating margin was 4.0%, net loss $1.7M (10.5% of revenue).
Innovative Food Holdings, Q3 2025: revenue $16.4M (+4% year over year), operating margin 4.0%, net loss $1.7M, operating cash flow −$285K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.4M | -22% | +4% |
| Operating profit | $663K | +171% | — |
| Net earnings | −$1.7M | -3038% | — |
| Operating cash flow | −$285K | -150% | — |
What changed
Revenue was $16.4M in Q3 2025, up 4% year over year and down 22% from the previous quarter. Digital Channels was the largest line at 54% of revenue. Local Distribution added $1.0M year over year (up 33%), 178% of the total change. National Distribution declined 5%.
Gross margin was 23.5%, up 0.3 points from a year earlier. Operating profit was $663K, a 4.0% margin (down 1.3 points year over year). Operating profit fell $186K even though revenue rose $557K versus a year earlier, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 4%. The quarter ended with a net loss of $1.7M, after a profit of $59K the previous quarter. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was −$285K. Non-cash charges added back $103K of depreciation and amortization and $159K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$306K.
Questions
What was Innovative Food Holdings' revenue in the third quarter 2025?
Innovative Food Holdings (IVFH) reported revenue of $16.4M for the third quarter 2025 (Q3 2025), +4% from a year earlier and -22% from the quarter before.
Was Innovative Food Holdings profitable in the third quarter 2025?
Operating profit was $663K (4.0% of revenue) and net loss $1.7M.