Filing Flows › Where Food Comes From (WFCF) › Q1 2025
Where Food Comes From (WFCF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Where Food Comes From (WFCF) reported revenue of $5.3M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -21% from the quarter before. Operating margin was 2.7%, net earnings $31K (0.6% of revenue).
Where Food Comes From, Q1 2025: revenue $5.3M (-6% year over year), operating margin 2.7%, net earnings $31K, operating cash flow $632K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3M | -21% | -6% |
| Gross profit | $2.2M | -22% | -6% |
| Operating profit | $142K | -81% | -46% |
| Net earnings | $31K | -97% | -83% |
| Operating cash flow | $632K | — | -10% |
| Free cash flow | $603K | — | -11% |
What changed
Revenue was $5.3M in Q1 2025, down 6% year over year and down 21% from the previous quarter. Verification and Certification Service Revenue was the largest line at 79% of revenue. Verification and Certification Service Revenue lost $252K year over year (down 6%), 82% of the total change.
Gross margin was 41.6%, down 0.1 points from a year earlier. Operating profit was $142K, a 2.7% margin (down 2.0 points year over year). Operating expenses fell 1% while revenue fell 6%. Net earnings were $31K, down 83% year over year. The effective tax rate was 55.1%.
Operating cash flow was $632K (down 10% year over year), 2039% of net earnings. Non-cash charges added back $173K of depreciation and amortization. Working capital and other items added $428K. Capital expenditures of $29K left free cash flow of $603K.
Questions
What was Where Food Comes From's revenue in the first quarter 2025?
Where Food Comes From (WFCF) reported revenue of $5.3M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -21% from the quarter before.
Was Where Food Comes From profitable in the first quarter 2025?
Operating profit was $142K (2.7% of revenue) and net earnings $31K.