INNOVATIVE FOOD HOLDINGS INC 2026: Revenue $13.06M, EPS $0.01— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Innovative Food Holdings Inc reported Q2 2026 revenue of $13.06M, a 21.5% decline from the prior year, due to softer demand and pricing pressure. However, consolidated net income surged 522.8% to $364.38K, with diluted EPS at $0.01. The company streamlined operations by selling its Pennsylvania facility and consolidating airline-catering in Chicago. Gross margin remained near 26%, while high customer concentration persists, with U.S. Foods accounting for ~40% of sales.
Innovative Food Holdings Inc reported second-quarter 2026 results with revenue of $13.06M, down from $16.64M a year earlier, while consolidated net income rose to $364.38K and diluted EPS was $0.01— per the company's 10-Q filing.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $13.06M | $16.64M | (21.5%) |
| Net income² | $364.38K | $58.51K | 522.8% |
| Diluted EPS³ | $0.01 | $0.02 | (53.3%) |
¹ Reported as “Revenue”. ² Reported as “Consolidated net income (loss)”. ³ Reported as “Other income (expense)”.
Business Highlights
- Revenue declined about 21.5% quarter-over-quarter and roughly 21% year-to-date versus the prior year, reflecting softer demand and pricing pressure.
- Digital/drop-ship remained the largest channel at about 54% of sales but fell roughly 17%; national and local distribution also weakened due to competition and customer attrition.
- Operational consolidation continued: the company sold its Pennsylvania facility, moved airline-catering operations to Chicago and completed a retail wind-down to streamline operations and reduce costs.
- Gross margin held near 26%; headcount reductions and restructuring lowered payroll and operating expenses, improving operating efficiency.
- Customer concentration remains high, with U.S. Foods representing about 40% of sales and Gate Gourmet roughly 17–18%, creating revenue exposure to a few large accounts.
Original SEC Filing: INNOVATIVE FOOD HOLDINGS INC [ IVFH ] - 10-Q - Aug. 14, 2026