Filing Flows › Village Farms International (VFF) › Q1 2026 › vs Q1 2025
Village Farms International (VFF) Q1 2026 vs Q1 2025 (year over year)
Village Farms International's revenue rose $10.6M (+27%) from $39.7M in Q1 2025 to $50.2M in Q1 2026. The biggest changes: Cannabis Business +$10.5M (+27%); Produce Business +$81K (+300%); Energy Business −$40K (-9%). Gross margin 41.8% against 35.7% (+6.0 pts).
Village Farms International, Q1 2026: revenue $50.2M (+27% year over year), operating margin 10.0%, net earnings $2.9M, operating cash flow −$16.8M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.8% | 35.7% | +6.0 pts |
| Operating margin | 10.0% | -1.1% | +11.1 pts |
| Net margin | 5.8% | -16.9% | +22.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Cannabis Business | $49.7M | $39.2M | $10.5M | +27% |
| Energy Business | $386K | $426K | −$40K | -9% |
| Produce Business | $108K | $27K | $81K | +300% |
| Revenue | $50.2M | $39.7M | $10.6M | +27% |
| Gross profit | $21.0M | $14.2M | $6.8M | +48% |
| Cost of revenue | $29.3M | $25.5M | $3.8M | +15% |
| Operating profit | $5.0M | −$440K | $5.5M | — |
| Operating expenses | $15.9M | $14.6M | $1.3M | +9% |
| Pre-tax earnings | $4.4M | −$6.1M | $10.5M | — |
| Other expense, net | $647K | $5.7M | −$5.0M | -89% |
| Loss borne by minority interests | $188K | $412K | −$224K | -54% |
| Net earnings | $2.9M | −$6.7M | $9.6M | — |
| Income tax | $1.7M | $983K | $685K | +70% |
| Operating cash sources | $24.4M | $4.3M | $20.1M | +472% |
| Depreciation & amortization | $4.3M | $4.4M | −$136K | -3% |
| Share-based compensation | $376K | $145K | $231K | +159% |
| Cash used in operations | $16.8M | $6.4M | $10.4M | +163% |
| Working capital & other | $24.4M | $4.3M | $20.1M | +472% |
Questions
How much did Village Farms International's revenue grow year over year in Q1 2026?
Village Farms International's revenue rose $10.6M (+27%) from $39.7M in Q1 2025 to $50.2M in Q1 2026.
What drove Village Farms International's revenue change in Q1 2026?
Cannabis Business +$10.5M (+27%); Produce Business +$81K (+300%); Energy Business −$40K (-9%).