Filing Flows › Village Farms International (VFF) › Q3 2026 › vs Q3 2025
Village Farms International (VFF) Q3 2026 vs Q3 2025 (year over year)
Village Farms International's revenue rose $162K (+0.2%) from $66.7M in Q3 2025 to $66.9M in Q3 2026. The biggest changes: Produce Business −$1.6M (-12%); Cannabis Business +$1.5M (+3%); Energy Business +$240K (+61%). Gross margin 43.8% against 47.9% (-4.0 pts).
Village Farms International, Q3 2026: revenue $66.9M (+0.2% year over year), operating margin 19.7%, net earnings $10.0M, operating cash flow $9.5M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 43.8% | 47.9% | -4.0 pts |
| Operating margin | 19.7% | 24.5% | -4.8 pts |
| Net margin | 14.9% | 15.3% | -0.4 pts |
| Free cash flow margin | 11.4% | 33.9% | -22.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Cannabis Business | $55.0M | $53.5M | $1.5M | +3% |
| Produce Business | $11.3M | $12.8M | −$1.6M | -12% |
| Energy Business | $633K | $393K | $240K | +61% |
| Revenue | $66.9M | $66.7M | $162K | +0.2% |
| Gross profit | $29.3M | $31.9M | −$2.6M | -8% |
| Cost of revenue | $37.6M | $34.8M | $2.8M | +8% |
| Operating profit | $13.2M | $16.3M | −$3.2M | -19% |
| Operating expenses | $16.1M | $15.6M | $543K | +3% |
| Pre-tax earnings | $13.1M | $15.3M | −$2.1M | -14% |
| Loss borne by minority interests | $25K | −$323K | $348K | — |
| Net earnings | $10.0M | $10.2M | −$249K | -2% |
| Income tax | $3.2M | $4.7M | −$1.5M | -33% |
| Depreciation & amortization | $4.6M | $4.2M | $389K | +9% |
| Share-based compensation | $457K | $1.0M | −$557K | -55% |
| Working capital & other | $5.5M | −$9.1M | $14.5M | — |
| Operating cash flow | $9.5M | $24.4M | −$15.0M | -61% |
| Free cash flow (OCF − capex) | $7.6M | $22.6M | −$15.0M | -66% |
| Capital expenditures | $1.9M | $1.8M | $25K | +1% |
Questions
How much did Village Farms International's revenue grow year over year in Q3 2026?
Village Farms International's revenue rose $162K (+0.2%) from $66.7M in Q3 2025 to $66.9M in Q3 2026.
What drove Village Farms International's revenue change in Q3 2026?
Produce Business −$1.6M (-12%); Cannabis Business +$1.5M (+3%); Energy Business +$240K (+61%).