Filing Flows › Village Farms International (VFF) › Q3 2025
Village Farms International (VFF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Village Farms International (VFF) reported revenue of $66.7M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +11% from the quarter before. Operating margin was 22.9%, net earnings $10.2M (15.3% of revenue).
Village Farms International, Q3 2025: revenue $66.7M (+22% year over year), operating margin 22.9%, net earnings $10.2M, operating cash flow $24.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.7M | +11% | +21% |
| Gross profit | $31.9M | +43% | +134% |
| Operating profit | $15.3M | +120% | +624% |
| Net earnings | $10.2M | -61% | — |
| Operating cash flow | $24.4M | -6% | +471% |
| Free cash flow | $22.6M | -3% | 15× |
What changed
Revenue was $66.7M in Q3 2025, up 21% year over year and up 11% from the previous quarter.
Gross margin was 47.9%, up 23.0 points from a year earlier. Operating profit was $15.3M, a 22.9% margin (up 19.0 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 4% margin then. Operating expenses grew 45% against revenue growth of 21%. Net earnings were $10.2M. The effective tax rate was 30.9%.
Operating cash flow was $24.4M (up 471% year over year), 232% of net income including minority interests. Non-cash charges added back $4.2M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $8.7M. Capital expenditures of $1.8M left free cash flow of $22.6M.
Questions
What was Village Farms International's revenue in the third quarter 2025?
Village Farms International (VFF) reported revenue of $66.7M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +11% from the quarter before.
Was Village Farms International profitable in the third quarter 2025?
Operating profit was $15.3M (22.9% of revenue) and net earnings $10.2M.