Filing Flows › Village Farms International (VFF) › Q1 2026 › vs Q4 2025
Village Farms International (VFF) Q1 2026 vs Q4 2025 (quarter over quarter)
Village Farms International's revenue rose $621K (+1%) from $49.6M in Q4 2025 to $50.2M in Q1 2026. Gross margin 41.8% against 38.7% (+3.0 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.8% | 38.7% | +3.0 pts |
| Operating margin | 10.0% | 9.3% | +0.8 pts |
| Net margin | 5.8% | 4.9% | +0.9 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $50.2M | $49.6M | $621K | +1% |
| Gross profit | $21.0M | $19.2M | $1.8M | +9% |
| Cost of revenue | $29.3M | $30.4M | −$1.1M | -4% |
| Operating profit | $5.0M | $4.6M | $435K | +9% |
| Operating expenses | $15.9M | $14.6M | $1.3M | +9% |
| Pre-tax earnings | $4.4M | $4.6M | −$212K | -5% |
| Other expense, net | $647K | $0 | $647K | — |
| Loss borne by minority interests | $188K | −$11K | $199K | — |
| Net earnings | $2.9M | $2.4M | $487K | +20% |
| Income tax | $1.7M | $2.2M | −$500K | -23% |
| Operating cash sources | $24.4M | −$4.7M | $29.1M | — |
| Depreciation & amortization | $4.3M | $3.8M | $496K | +13% |
| Share-based compensation | $376K | $459K | −$83K | -18% |
| Cash used in operations | $16.8M | −$11.4M | $28.2M | — |
| Working capital & other | $24.4M | −$4.7M | $29.1M | — |
Questions
How much did Village Farms International's revenue grow quarter over quarter in Q1 2026?
Village Farms International's revenue rose $621K (+1%) from $49.6M in Q4 2025 to $50.2M in Q1 2026. Gross margin 41.8% against 38.7% (+3.0 pts).