Filing Flows › Village Farms International (VFF) › How it makes money
How Village Farms International (VFF) makes money
Village Farms International (VFF) made $64.0M of revenue in the second quarter 2026 (Q2 2026), +7% from a year earlier. Cannabis Business brought in $53.5M (84%); Produce Business brought in $10.2M (16%); Energy Business brought in $269K (0%). Of every dollar of revenue, 47¢ was left as gross profit, 17¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Cannabis Business | $53.5M | 83.7% | +8% | +5% |
| Produce Business | $10.2M | 15.9% | 94× | +19% |
| Energy Business | $269K | 0.4% | -30% | -44% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $64.0M | 100.0% |
| Cost of revenue | $34.0M | 53.2% |
| Gross profit | $30.0M | 46.8% |
| Operating expenses | $18.8M | 29.4% |
| Operating profit | $11.2M | 17.4% |
| Income tax | $3.3M | 5.1% |
| Net earnings | $7.1M | 11.2% |
| Operating cash flow | $8.9M | 13.9% |
| Free cash flow | $2.6M | 4.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $64.0M | +7% |
| Q1 2026 | $50.2M | +27% |
| Q4 2025 | $49.6M | +9% |
| Q3 2025 | $66.7M | +22% |
| Q2 2025 | $59.9M | +12% |
| Q1 2025 | $77.1M | -1% |
| Q4 2024 | $82.6M | +11% |
From Village Farms International's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does Village Farms International make money?
Village Farms International (VFF) made $64.0M of revenue in the second quarter 2026 (Q2 2026), +7% from a year earlier. Cannabis Business brought in $53.5M (84%); Produce Business brought in $10.2M (16%); Energy Business brought in $269K (0%). Of every dollar of revenue, 47¢ was left as gross profit, 17¢ was left as operating profit, 11¢ was left as net earnings.
What is Village Farms International's biggest business?
Cannabis Business: $53.5M in the second quarter 2026, 84% of revenue, +5% from a year earlier.
What is Village Farms International's profit margin?
Net earnings were $7.1M, 11.2% of revenue, in the second quarter 2026; the operating margin was 17.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.