Filing Flows › Village Farms International (VFF) › Q2 2026 › vs Q2 2025
Village Farms International (VFF) Q2 2026 vs Q2 2025 (year over year)
Village Farms International's revenue rose $4.1M (+7%) from $59.9M in Q2 2025 to $64.0M in Q2 2026. The biggest changes: Cannabis Business +$2.7M (+5%); Produce Business +$1.6M (+19%); Energy Business −$214K (-44%). Gross margin 46.8% against 37.3% (+9.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 46.8% | 37.3% | +9.6 pts |
| Operating margin | 17.4% | 11.6% | +5.9 pts |
| Net margin | 11.2% | 44.2% | -33.1 pts |
| Free cash flow margin | 4.1% | 36.7% | -32.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Cannabis Business | $53.5M | $50.8M | $2.7M | +5% |
| Produce Business | $10.2M | $8.6M | $1.6M | +19% |
| Energy Business | $269K | $483K | −$214K | -44% |
| Revenue | $64.0M | $59.9M | $4.1M | +7% |
| Gross profit | $30.0M | $22.3M | $7.6M | +34% |
| Cost of revenue | $34.0M | $37.6M | −$3.6M | -9% |
| Operating profit | $11.2M | $6.9M | $4.2M | +61% |
| Operating expenses | $18.8M | $15.4M | $3.4M | +22% |
| Pre-tax earnings | $10.5M | $28.7M | −$18.3M | -64% |
| Other expense, net | $707K | −$21.8M | $22.5M | — |
| Net earnings | $7.1M | $26.5M | −$19.4M | -73% |
| Minority interests | $48K | −$258K | $306K | — |
| Income tax | $3.3M | $2.5M | $759K | +30% |
| Depreciation & amortization | $4.3M | $4.0M | $308K | +8% |
| Share-based compensation | $293K | $123K | $170K | +138% |
| Working capital & other | $2.8M | $4.6M | −$1.7M | -38% |
| Operating cash flow | $8.9M | $26.0M | −$17.2M | -66% |
| Free cash flow (OCF − capex) | $2.6M | $22.0M | −$19.3M | -88% |
| Capital expenditures | $6.2M | $4.0M | $2.2M | +54% |
Questions
How much did Village Farms International's revenue grow year over year in Q2 2026?
Village Farms International's revenue rose $4.1M (+7%) from $59.9M in Q2 2025 to $64.0M in Q2 2026.
What drove Village Farms International's revenue change in Q2 2026?
Cannabis Business +$2.7M (+5%); Produce Business +$1.6M (+19%); Energy Business −$214K (-44%).