Filing Flows

Filing Flows › Companies › Village Farms International › Cash flow

Village Farms International cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.6M in Q2 2026 · −$429K over twelve months

Operating cash flow$8.9M
Capital spending−$6.2M
Free cash flow+$2.6M
Cash / net income1.2×
Cash conversion cycle127 days

Analysis

In Q2 2026, Village Farms International generated $8.9M of operating cash flow and spent $6.2M on capital projects, leaving free cash flow of $2.6M. That is $19.3M less than in Q2 2025 ($22.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was $28.0M; the largest uses were capital spending ($28.4M), buybacks ($9.8M), other investing ($395K); besides operations, cash came from other financing ($17.7M), net borrowing (+) / repaid (−) ($3.3M); the cash balance rose by $7.9M.

Operating cash flow was $8.9M against net income of $7.2M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: payables +$9.1M, receivables −$8.3M, depreciation & amortization +$4.3M.

Its cash conversion cycle was 127 days (receivables 42 + inventory 122 − payables 37).

Free cash flow

Village Farms International: free cash flow by quarterVillage Farms International: free cash flow by quarter$1.5MQ3 2024−$1.2MQ4 2024−$7.6MQ1 2025$22.0MQ2 2025$22.6MQ3 2025$300KQ4 2025−$26.0MQ1 2026$2.6MQ2 2026
Operating cash flow less capital spending.
Village Farms International: operating cash flow against capital spendingVillage Farms International: operating cash flow against capital spendingOperating cash flowCapital spending$4.3M$2.8MQ3 2024$412K$1.6MQ4 2024−$6.4M$1.2MQ1 2025$26.0M$4.0MQ2 2025$24.4M$1.8MQ3 2025$11.4M$11.1MQ4 2025−$16.8M$9.2MQ1 2026$8.9M$6.2MQ2 2026
Latest (Q2 2026): Operating cash flow $8.9M, Capital spending $6.2M.

Capital allocation, year by year

Village Farms International: where the cash came from (up) and went (down), by fiscal yearVillage Farms International: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$39.6MFY2021: Net borrowing $10.2MFY2021: Shares issued $135MFY2021: Capital spending −$21.7MFY2021: Acquisitions −$40.7MFY2021: Buybacks −$5.0M$145MFY2021FY2022: Operating cash flow −$19.9MFY2022: Net borrowing −$2.4MFY2022: Shares issued $192KFY2022: Capital spending −$14.3MFY2022: Acquisitions −$5.9M$192KFY2022FY2023: Operating cash flow $5.3MFY2023: Net borrowing −$9.3MFY2023: Shares issued $83KFY2023: Capital spending −$6.5M$5.4MFY2023FY2024: Operating cash flow $10.3MFY2024: Net borrowing −$5.7MFY2024: Capital spending −$7.2M$10.3MFY2024FY2025: Operating cash flow $58.1MFY2025: Net borrowing −$7.9MFY2025: Capital spending −$18.2MFY2025: Buybacks −$3.0M$58.1MFY2025
Over these 5 years operating cash flow totalled $14.3M; the largest uses were capital spending ($67.9M) and operating cash flow ($59.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$72.9M
Debt$40.0M
Net cash$33.0M
Due within a year$4.9M

Village Farms International's operations bring cash in ($28.0M over twelve months), and it spends more than that on capital projects: a gap of $429K funded from its $72.9M of cash and investments and from borrowing ($40.0M of debt, $4.9M due within a year). That is a choice to invest, not a cash runway running down.

Village Farms International: debt maturities by year (FY2025)Village Farms International: debt maturities by year (FY2025)$4.9MYear 1$16.8MYear 2$12.0MYear 3
Principal due in each year as disclosed in the annual report, against $72.9M of cash and investments now.

Where the cash came from and went

Village Farms International: sources (+) and uses (−) of cash, Q2 2026Village Farms International: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)−$17.4MOther financing$12.5MOperating cash flow$8.9MCapital spending−$6.2MNet borrowing (+) / repaid (−)$4.2MExchange rates−$1.5MBuybacks−$419K
Village Farms International: sources (+) and uses (−) of cash, TTM to Q2 2026Village Farms International: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$28.4MOperating cash flow$28.0MOther financing$17.7MBuybacks−$9.8MCash drawn (+) / kept (−)−$7.9MNet borrowing (+) / repaid (−)$3.3MNot reconciled−$1.6MExchange rates−$838KOther investing−$395K

From profit to cash

Village Farms International: net income to operating cash flow, Q2 2026Village Farms International: net income to operating cash flow, Q2 2026Net income$7.2MDepreciation & amortization$4.3MStock-based pay$293KDeferred taxes$615KGains on disposals−$31KReceivables−$8.3MInventory−$3.1MPayables$9.1MAccrued liabilities$2.2MPrepaid and other assets−$3.0MIncome taxes payable$711KOperating cash flow$8.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20264212237127
Q1 20264513240137
Q4 20255111538127
Q3 2025419727111
Q2 20254811032126
Q1 20256516447182
Q4 20245612236143
Q3 20246113343151

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$8.9M−$6.2M−$419K$4.2M−$17.4M$2.6M
Q1 2026−$16.8M−$9.2M−$6.4M$2.4M$30.7M−$26.0M
Q4 2025$11.4M−$11.1M—−$20.5M$1.3M$300K
Q3 2025$24.4M−$1.8M—−$2.1M−$22.6M$22.6M
Q2 2025$26.0M−$4.0M—−$3.2M−$49.9M$22.0M
Q1 2025−$6.4M−$1.2M—−$1.4M$9.5M−$7.6M
Q4 2024$412K−$1.6M—−$1.4M$4.1M−$1.2M
Q3 2024$4.3M−$2.8M—−$1.4M$961K$1.5M

Village Farms International: income statement and cash flow

Village Farms International, Q2 2026: revenue $64.0M (+7% year over year), operating margin 17.4%. The chart follows the revenue to costs, profit and cash.

Village Farms International: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.