Filing Flows › Village Farms International (VFF) › Q2 2026
Village Farms International (VFF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Village Farms International (VFF) reported revenue of $64.0M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +27% from the quarter before. Operating margin was 17.4%, net earnings $7.1M (11.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.0M | +27% | +7% |
| Gross profit | $30.0M | +43% | +34% |
| Operating profit | $11.2M | +121% | +61% |
| Net earnings | $7.1M | +145% | -73% |
| Operating cash flow | $8.9M | — | -66% |
| Free cash flow | $2.6M | — | -88% |
What changed
Revenue was $64.0M in Q2 2026, up 7% year over year and up 27% from the previous quarter. Cannabis Business was the largest line at 84% of revenue. Cannabis Business added $2.7M year over year (up 5%), 66% of the total change. Energy Business declined 44%.
Gross margin was 46.8%, up 9.6 points from Q2 2025. Operating profit was $11.2M, a 17.4% margin (up 5.9 points year over year). Of the extra revenue versus Q2 2025, 104% reached operating profit, above the 12% margin then. Operating expenses grew 22% against revenue growth of 7%. Net earnings were $7.1M, down 73% year over year. The effective tax rate was 31.2%.
Operating cash flow was $8.9M (down 66% year over year), 123% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $293K of share-based compensation. Working capital and other items used $2.9M. Capital expenditures of $6.2M left free cash flow of $2.6M.
Questions
What was Village Farms International's revenue in the second quarter 2026?
Village Farms International (VFF) reported revenue of $64.0M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +27% from the quarter before.
Was Village Farms International profitable in the second quarter 2026?
Operating profit was $11.2M (17.4% of revenue) and net earnings $7.1M.