Filing Flows › Where Food Comes From (WFCF) › Q3 2025
Where Food Comes From (WFCF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Where Food Comes From (WFCF) reported revenue of $7.0M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before. Operating margin was 8.2%, net earnings $1.1M (16.3% of revenue).
Where Food Comes From, Q3 2025: revenue $7.0M (-1% year over year), operating margin 8.2%, net earnings $1.1M, operating cash flow $501K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0M | +7% | -1% |
| Gross profit | $2.7M | +9% | -3% |
| Operating profit | $575K | +5% | -5% |
| Net earnings | $1.1M | +104% | +133% |
| Operating cash flow | $501K | -58% | -45% |
| Free cash flow | $443K | -61% | -49% |
What changed
Revenue was $7.0M in Q3 2025, down 1% year over year and up 7% from the previous quarter. Verification and Certification Service Revenue was the largest line at 79% of revenue. Product lost $127K year over year (down 10%), 138% of the total change.
Gross margin was 38.3%, down 0.7 points from a year earlier. Operating profit was $575K, a 8.2% margin (down 0.4 points year over year). Operating expenses fell 3% while revenue fell 1%. Net earnings were $1.1M, up 133% year over year. The effective tax rate was 29.5%. Non-operating items added $1.1M, 65% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $501K (down 45% year over year), 44% of net earnings. Non-cash charges added back $149K of depreciation and amortization. Working capital and other items used $794K. Capital expenditures of $58K left free cash flow of $443K.
Questions
What was Where Food Comes From's revenue in the third quarter 2025?
Where Food Comes From (WFCF) reported revenue of $7.0M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before.
Was Where Food Comes From profitable in the third quarter 2025?
Operating profit was $575K (8.2% of revenue) and net earnings $1.1M.