--- title: "Where Food Comes From | 10-K: FY2025 Revenue: USD 24.89 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/277082533.md" datetime: "2026-02-26T18:20:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277082533.md) - [en](https://longbridge.com/en/news/277082533.md) - [zh-HK](https://longbridge.com/zh-HK/news/277082533.md) --- # Where Food Comes From | 10-K: FY2025 Revenue: USD 24.89 M Revenue: As of FY2025, the actual value is USD 24.89 M. EPS: As of FY2025, the actual value is USD 0.3. EBIT: As of FY2025, the actual value is USD 1.185 M. Where Food Comes From, Inc. underwent an internal restructuring effective January 2025, resulting in one reportable segment, with professional services integrated into verification and certification activities. The following metrics are reported for the years ended December 31, 2025, and December 31, 2024, in thousands, unless otherwise specified . #### Segment Revenue - **Verification and Certification Service Revenue:** Decreased to $20,102 in 2025 from $20,552 in 2024, a 2.2% decrease, primarily due to supply-side dynamics in the cattle industry . - **Product Sales:** Decreased to $3,616 in 2025 from $3,803 in 2024, a 4.9% decrease, attributed to smaller beef cow herd sizes and weakened demand for verified cattle . - **Professional Services Revenue:** Decreased to $1,174 in 2025 from $1,391 in 2024, as this revenue stream is predominantly project-based rather than recurring . - **Total Revenues:** $24,892 in 2025 compared to $25,746 in 2024 . #### Operational Metrics - **Net Income:** $1,536 in 2025 compared to $2,120 in 2024 . - **Gross Profit:** $9,508 in 2025 compared to $10,562 in 2024 . - **Gross Margin (Verification and Certification Services & Product Sales):** Declined to 38.8% in 2025 from 41.9% in 2024, impacted by inflationary price increases from cattle ear tag manufacturers and increased salaries, benefits, insurance, and taxes . - **Gross Margin (Professional Services):** Decreased to 26.0% in 2025 from 26.5% in 2024, affected by the timing of project work and labor costs . - **Income from Operations:** $1,206 in 2025 compared to $2,207 in 2024 . - **Total Costs of Revenues:** Increased to $15,384 in 2025 from $15,184 in 2024 . - **Selling, General and Administrative Expenses:** Decreased by $53 from 2024 to $8,302 in 2025 . #### Cash Flow - **Net Cash Provided by Operating Activities:** $1,607 in 2025, a decrease from $2,730 in 2024, primarily due to absorbing increasing costs over a reduction in revenue . - **Net Cash Provided by / Used in Investing Activities:** $1,682 provided in 2025, compared to -$159 used in 2024, driven by the sale of the Company’s equity investment in Progressive Beef, LLC . - **Net Cash Used in Financing Activities:** -$2,101 in 2025 compared to -$3,200 in 2024, mainly for common share repurchases . - **Cash and Cash Equivalents:** $3,200 at December 31, 2025, up from $2,012 at December 31, 2024 . - **Working Capital:** $3,200 at December 31, 2025, compared to $2,400 at December 31, 2024 . #### Unique Metrics - **Dividend Income from Progressive Beef, LLC:** $100 in 2025, down from $400 in 2024 . - **Gain on Sale of Assets:** $946 in 2025, primarily from the sale of the 10% membership interest in Progressive Beef, LLC . - **Fair Market Value Loss / Gain on Digital Assets:** -$41 in 2025 compared to $345 gain in 2024 . - **Stock Buyback Plan:** The Company repurchased 183 shares for $2,166 in 2025 and 192 shares for $2,243 in 2024 . As of December 31, 2025, approximately 1.1 million shares remain eligible for repurchase . - **Cancellation of Treasury Shares:** In April 2025, the Company canceled 1,237,700 shares of outstanding common stock held as treasury shares, impacting Additional Paid-in Capital and Retained Earnings . - **Deferred Revenue:** $1,545 at December 31, 2025, compared to $1,748 at December 31, 2024 . #### Outlook / Guidance Where Food Comes From, Inc. believes its capital sources, including operating cash flow, performance improvements, and the ability to obtain additional financing, are sufficient to fund current operations and debt obligations . Future growth is planned through the diversification of product offerings in national and international markets, and potential acquisitions . ### Related Stocks - [WFCF.US](https://longbridge.com/en/quote/WFCF.US.md) ## Related News & Research - [Where Food Comes From Inc's Q1 profit rises on lower expenses](https://longbridge.com/en/news/286423973.md) - [Kolibri (KGEI) Q4 2025 Earnings Call Transcript](https://longbridge.com/en/news/287108015.md) - [Bristow Spotlights Advanced Air Mobility Milestones and Safety Performance in 2025 Sustainability Report | VTOL Stock News](https://longbridge.com/en/news/286912514.md) - [POMDOCTOR LIMITED Announces Fiscal Year 2025 Financial Results | POM Stock News](https://longbridge.com/en/news/286463818.md) - [Civista Bancshares Highlights Strong 2025 Results, Dividend Growth](https://longbridge.com/en/news/286905070.md)