Filing Flows › Village Farms International (VFF) › Q4 2025
Village Farms International (VFF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
Village Farms International (VFF) reported revenue of $49.6M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -26% from the quarter before. Operating margin was 9.3%, net earnings $2.4M (4.9% of revenue).
Village Farms International, Q4 2025: revenue $49.6M (+9% year over year), operating margin 9.3%, net earnings $2.4M, operating cash flow $11.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.6M | -26% | +9% |
| Gross profit | $19.2M | -40% | +163% |
| Operating profit | $4.6M | -70% | — |
| Net earnings | $2.4M | -76% | — |
| Operating cash flow | $11.4M | -53% | 28× |
| Free cash flow | $300K | -99% | — |
What changed
Revenue was $49.6M in Q4 2025, up 9% year over year and down 26% from the previous quarter.
Gross margin was 38.7%, up 22.6 points from Q4 2024. Operating profit was $4.6M, a 9.3% margin (up 33.5 points year over year). Operating expenses fell 20% while revenue rose 9%. Net earnings were $2.4M. The effective tax rate was 47.0%.
Operating cash flow was $11.4M (up 2667% year over year), 467% of net earnings. Non-cash charges added back $3.8M of depreciation and amortization and $459K of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $11.1M left free cash flow of $300K.
Questions
What was Village Farms International's revenue in the fourth quarter 2025?
Village Farms International (VFF) reported revenue of $49.6M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and -26% from the quarter before.
Was Village Farms International profitable in the fourth quarter 2025?
Operating profit was $4.6M (9.3% of revenue) and net earnings $2.4M.