Filing Flows › Where Food Comes From (WFCF) › Q1 2026 › vs Q1 2025
Where Food Comes From (WFCF) Q1 2026 vs Q1 2025 (year over year)
Where Food Comes From's revenue rose $92K (+2%) from $5.3M in Q1 2025 to $5.4M in Q1 2026. The biggest changes: Verification and Certification Service Revenue +$242K (+6%); Professional Services −$161K (-41%); Product +$11K (+2%). Gross margin 38.1% against 41.6% (-3.5 pts).
Where Food Comes From, Q1 2026: revenue $5.4M (+2% year over year), operating margin 5.6%, net earnings $92K, operating cash flow $523K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.1% | 41.6% | -3.5 pts |
| Operating margin | 5.6% | 2.7% | +2.9 pts |
| Net margin | 1.7% | 0.6% | +1.1 pts |
| Free cash flow margin | 7.0% | 11.4% | -4.4 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Verification and Certification Service Revenue | $4.4M | $4.2M | $242K | +6% |
| Product | $713K | $702K | $11K | +2% |
| Professional Services | $228K | $389K | −$161K | -41% |
| Revenue | $5.4M | $5.3M | $92K | +2% |
| Gross profit | $2.0M | $2.2M | −$152K | -7% |
| Cost of revenue | $3.3M | $3.1M | $244K | +8% |
| Operating profit | $298K | $142K | $156K | +110% |
| Operating expenses | $1.7M | $2.1M | −$308K | -15% |
| Pre-tax earnings | $185K | $69K | $116K | +168% |
| Other expense, net | $113K | $73K | $40K | +55% |
| Net earnings | $92K | $31K | $61K | +197% |
| Income tax | $93K | $38K | $55K | +145% |
| Depreciation & amortization | $154K | $173K | −$19K | -11% |
| Share-based compensation | $94K | $0 | $94K | — |
| Working capital & other | $183K | $428K | −$245K | -57% |
| Operating cash flow | $523K | $632K | −$109K | -17% |
| Free cash flow (OCF − capex) | $375K | $603K | −$228K | -38% |
| Capital expenditures | $148K | $29K | $119K | +410% |
Questions
How much did Where Food Comes From's revenue grow year over year in Q1 2026?
Where Food Comes From's revenue rose $92K (+2%) from $5.3M in Q1 2025 to $5.4M in Q1 2026.
What drove Where Food Comes From's revenue change in Q1 2026?
Verification and Certification Service Revenue +$242K (+6%); Professional Services −$161K (-41%); Product +$11K (+2%).