Filing Flows › Village Farms International (VFF) › Q1 2025
Village Farms International (VFF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Village Farms International (VFF) reported revenue of $77.1M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -7% from the quarter before. Operating margin was -0.6%, net loss $7.1M (9.2% of revenue).
Village Farms International, Q1 2025: revenue $77.1M (-1% year over year), operating margin -0.6%, net loss $7.1M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77.1M | -7% | -1% |
| Operating profit | −$440K | — | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | −$6.4M | -1648% | — |
What changed
Revenue was $77.1M in Q1 2025, down 1% year over year and down 7% from the previous quarter.
Gross margin was 14.7%, down 5.2 points from a year earlier. Operating costs exceeded revenue by $440K, an operating margin of -0.6%. Operating expenses fell 34% while revenue fell 1%. The quarter ended with a net loss of $7.1M, narrower than the previous quarter's $8.7M loss. Minority interests bore $412K of it: to shareholders the quarter was a loss of $6.7M. Net interest and other expense of $5.7M was the main reason.
Operating cash flow was −$6.4M. Non-cash charges added back $5.0M of depreciation and amortization and $145K of share-based compensation. Working capital and other items used $4.4M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$8.9M.
Questions
What was Village Farms International's revenue in the first quarter 2025?
Village Farms International (VFF) reported revenue of $77.1M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -7% from the quarter before.
Was Village Farms International profitable in the first quarter 2025?
Operating loss was $440K (-0.6% of revenue) and net loss $7.1M.