Filing Flows › Where Food Comes From (WFCF) › Q1 2026 › vs Q4 2025
Where Food Comes From (WFCF) Q1 2026 vs Q4 2025 (quarter over quarter)
Where Food Comes From's revenue fell $677K (-11%) from $6.0M in Q4 2025 to $5.4M in Q1 2026. The biggest changes: Verification and Certification Service Revenue −$608K (-12%); Product −$35K (-5%); Professional Services −$34K (-13%). Gross margin 38.1% against 35.9% (+2.2 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.1% | 35.9% | +2.2 pts |
| Operating margin | 5.6% | -1.0% | +6.5 pts |
| Net margin | 1.7% | -3.4% | +5.1 pts |
| Free cash flow margin | 7.0% | -12.3% | +19.3 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Verification and Certification Service Revenue | $4.4M | $5.0M | −$608K | -12% |
| Product | $713K | $748K | −$35K | -5% |
| Professional Services | $228K | $262K | −$34K | -13% |
| Revenue | $5.4M | $6.0M | −$677K | -11% |
| Gross profit | $2.0M | $2.2M | −$124K | -6% |
| Cost of revenue | $3.3M | $3.9M | −$553K | -14% |
| Operating profit | $298K | −$60K | $358K | — |
| Operating expenses | $1.7M | $2.2M | −$482K | -22% |
| Pre-tax earnings | $185K | −$238K | $423K | — |
| Other expense, net | $113K | $178K | −$65K | -37% |
| Net earnings | $92K | −$203K | $295K | — |
| Income tax | $93K | −$35K | $128K | — |
| Depreciation & amortization | $154K | $169K | −$15K | -9% |
| Share-based compensation | $94K | $0 | $94K | — |
| Working capital & other | $183K | −$673K | $856K | — |
| Operating cash flow | $523K | −$707K | $1.2M | — |
| Free cash flow (OCF − capex) | $375K | −$741K | $1.1M | — |
| Capital expenditures | $148K | $34K | $114K | +335% |
Questions
How much did Where Food Comes From's revenue grow quarter over quarter in Q1 2026?
Where Food Comes From's revenue fell $677K (-11%) from $6.0M in Q4 2025 to $5.4M in Q1 2026.
What drove Where Food Comes From's revenue change in Q1 2026?
Verification and Certification Service Revenue −$608K (-12%); Product −$35K (-5%); Professional Services −$34K (-13%).