Filing Flows › Village Farms International (VFF) › Q2 2026 › vs Q1 2026
Village Farms International (VFF) Q2 2026 vs Q1 2026 (quarter over quarter)
Village Farms International's revenue rose $13.7M (+27%) from $50.2M in Q1 2026 to $64.0M in Q2 2026. The biggest changes: Produce Business +$10.1M (94×); Cannabis Business +$3.8M (+8%); Energy Business −$117K (-30%). Gross margin 46.8% against 41.8% (+5.1 pts).
Village Farms International, Q2 2026: revenue $64.0M (+7% year over year), operating margin 17.4%, net earnings $7.1M, operating cash flow $8.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 46.8% | 41.8% | +5.1 pts |
| Operating margin | 17.4% | 10.0% | +7.4 pts |
| Net margin | 11.2% | 5.8% | +5.4 pts |
| Free cash flow margin | 4.1% | -51.7% | +55.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Cannabis Business | $53.5M | $49.7M | $3.8M | +8% |
| Produce Business | $10.2M | $108K | $10.1M | 94× |
| Energy Business | $269K | $386K | −$117K | -30% |
| Revenue | $64.0M | $50.2M | $13.7M | +27% |
| Gross profit | $30.0M | $21.0M | $9.0M | +43% |
| Cost of revenue | $34.0M | $29.3M | $4.8M | +16% |
| Operating profit | $11.2M | $5.0M | $6.1M | +121% |
| Operating expenses | $18.8M | $15.9M | $2.9M | +18% |
| Pre-tax earnings | $10.5M | $4.4M | $6.1M | +138% |
| Other expense, net | $707K | $647K | $60K | +9% |
| Net earnings | $7.1M | $2.9M | $4.2M | +145% |
| Minority interests | $48K | −$188K | $236K | — |
| Income tax | $3.3M | $1.7M | $1.6M | +96% |
| Depreciation & amortization | $4.3M | $4.3M | −$24K | -0.6% |
| Share-based compensation | $293K | $376K | −$83K | -22% |
| Working capital & other | $2.8M | $24.4M | −$21.5M | -88% |
| Operating cash flow | $8.9M | −$16.8M | $25.6M | — |
| Free cash flow (OCF − capex) | $2.6M | −$26.0M | $28.6M | — |
| Capital expenditures | $6.2M | $9.2M | −$3.0M | -32% |
Questions
How much did Village Farms International's revenue grow quarter over quarter in Q2 2026?
Village Farms International's revenue rose $13.7M (+27%) from $50.2M in Q1 2026 to $64.0M in Q2 2026.
What drove Village Farms International's revenue change in Q2 2026?
Produce Business +$10.1M (94×); Cannabis Business +$3.8M (+8%); Energy Business −$117K (-30%).