Filing Flows › Where Food Comes From (WFCF) › Q4 2025
Where Food Comes From (WFCF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Where Food Comes From (WFCF) reported revenue of $6.0M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -14% from the quarter before. Operating margin was -1.0%, net loss $203K (3.4% of revenue).
Where Food Comes From, Q4 2025: revenue $6.0M (-9% year over year), operating margin -1.0%, net loss $203K, operating cash flow −$707K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0M | -14% | -9% |
| Operating profit | −$60K | -110% | -108% |
| Net earnings | −$203K | -118% | -121% |
| Operating cash flow | −$707K | -241% | — |
What changed
Revenue was $6.0M in Q4 2025, down 9% year over year and down 14% from the previous quarter. Verification and Certification Service Revenue was the largest line at 83% of revenue.
Gross margin was 35.9%, down 6.2 points from Q4 2024. Operating costs exceeded revenue by $60K, an operating margin of -1.0%. Operating expenses grew 9% against a revenue fall of 9%. The quarter ended with a net loss of $203K, after a profit of $1.1M the previous quarter. Net interest and other expense of $178K was the main reason.
Operating cash flow was −$707K. Non-cash charges added back $169K of depreciation and amortization. Working capital and other items used $673K. Capital expenditures of $34K exceeded it, leaving free cash flow of −$741K.
Questions
What was Where Food Comes From's revenue in the fourth quarter 2025?
Where Food Comes From (WFCF) reported revenue of $6.0M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -14% from the quarter before.
Was Where Food Comes From profitable in the fourth quarter 2025?
Operating loss was $60K (-1.0% of revenue) and net loss $203K.