Filing Flows › Where Food Comes From (WFCF) › Q1 2026
Where Food Comes From (WFCF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Where Food Comes From (WFCF) reported revenue of $5.4M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before. Operating margin was 5.6%, net earnings $92K (1.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4M | -11% | +2% |
| Gross profit | $2.0M | -6% | -7% |
| Operating profit | $298K | — | +110% |
| Net earnings | $92K | — | +197% |
| Operating cash flow | $523K | — | -17% |
| Free cash flow | $375K | — | -38% |
What changed
Revenue was $5.4M in Q1 2026, up 2% year over year and down 11% from the previous quarter. Verification and Certification Service Revenue was the largest line at 82% of revenue. Verification and Certification Service Revenue added $242K year over year (up 6%), 263% of the total change. Professional Services declined 41%.
Gross margin was 38.1%, down 3.5 points from Q1 2025. Operating profit was $298K, a 5.6% margin (up 2.9 points year over year). Of the extra revenue versus Q1 2025, 170% reached operating profit, above the 3% margin then. Operating expenses fell 15% while revenue rose 2%. Net earnings were $92K, up 197% year over year. The effective tax rate was 50.3%.
Operating cash flow was $523K (down 17% year over year), 568% of net earnings. Non-cash charges added back $154K of depreciation and amortization and $94K of share-based compensation. Working capital and other items added $183K. Capital expenditures of $148K left free cash flow of $375K.
Questions
What was Where Food Comes From's revenue in the first quarter 2026?
Where Food Comes From (WFCF) reported revenue of $5.4M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before.
Was Where Food Comes From profitable in the first quarter 2026?
Operating profit was $298K (5.6% of revenue) and net earnings $92K.