Filing Flows › Where Food Comes From (WFCF) › Q2 2025
Where Food Comes From (WFCF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Where Food Comes From (WFCF) reported revenue of $6.6M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +24% from the quarter before. Operating margin was 8.4%, net earnings $562K (8.6% of revenue).
Where Food Comes From, Q2 2025: revenue $6.6M (+3% year over year), operating margin 8.4%, net earnings $562K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6M | +24% | +3% |
| Gross profit | $2.5M | +12% | -7% |
| Operating profit | $549K | +287% | -6% |
| Net earnings | $562K | 18× | +15% |
| Operating cash flow | $1.2M | +87% | +1% |
| Free cash flow | $1.1M | +90% | +4% |
What changed
Revenue was $6.6M in Q2 2025, up 3% year over year and up 24% from the previous quarter. Verification and Certification Service Revenue was the largest line at 81% of revenue. Product added $145K year over year (up 18%), 87% of the total change. Professional Services declined 18%.
Gross margin was 37.5%, down 4.1 points from a year earlier. Operating profit was $549K, a 8.4% margin (down 0.8 points year over year). Operating profit fell $34K even though revenue rose $167K versus a year earlier, so costs grew faster than sales. Operating expenses fell 8% while revenue rose 3%. Net earnings were $562K, up 15% year over year. The effective tax rate was 27.2%. Non-operating items added $223K, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.2M (up 1% year over year), 210% of net earnings. Non-cash charges added back $159K of depreciation and amortization. Working capital and other items added $460K. Capital expenditures of $34K left free cash flow of $1.1M.
Questions
What was Where Food Comes From's revenue in the second quarter 2025?
Where Food Comes From (WFCF) reported revenue of $6.6M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +24% from the quarter before.
Was Where Food Comes From profitable in the second quarter 2025?
Operating profit was $549K (8.4% of revenue) and net earnings $562K.