Filing Flows › Village Farms International (VFF) › Q3 2026
Village Farms International (VFF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Village Farms International (VFF) reported revenue of $66.9M for the third quarter 2026 (Q3 2026), +0.2% from a year earlier and +5% from the quarter before. Operating margin was 19.7%, net earnings $10.0M (14.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.9M | +5% | +0.2% |
| Gross profit | $29.3M | -2% | -8% |
| Operating profit | $13.2M | +18% | -19% |
| Net earnings | $10.0M | +40% | -2% |
| Operating cash flow | $9.5M | +7% | -61% |
| Free cash flow | $7.6M | +188% | -66% |
What changed
Revenue was $66.9M in Q3 2026, roughly flat year over year and up 5% from the previous quarter. Cannabis Business was the largest line at 82% of revenue. Cannabis Business added $1.5M year over year (up 3%), 922% of the total change. Produce Business declined 12%.
Gross margin was 43.8%, down 4.0 points from Q3 2025. Operating profit was $13.2M, a 19.7% margin (down 4.8 points year over year). Operating profit fell $3.2M even though revenue rose $162K versus Q3 2025, so costs grew faster than sales. Operating expenses grew 3% against flat revenue. Net earnings were $10.0M, down 2% year over year. The effective tax rate was 24.2%.
Operating cash flow was $9.5M (down 61% year over year), 95% of net earnings. Non-cash charges added back $4.6M of depreciation and amortization and $457K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $1.9M left free cash flow of $7.6M.
Questions
What was Village Farms International's revenue in the third quarter 2026?
Village Farms International (VFF) reported revenue of $66.9M for the third quarter 2026 (Q3 2026), +0.2% from a year earlier and +5% from the quarter before.
Was Village Farms International profitable in the third quarter 2026?
Operating profit was $13.2M (19.7% of revenue) and net earnings $10.0M.