9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $216M | $32M | 40.6% | 0.0% | $40M | $34M | $81M |
| 2024 | $196M | -$34M | 23.4% | 0.0% | $7M | $41M | $25M |
| 2023 | $163M | -$35M | 29.4% | 0.0% | $4M | $48M | $30M |
| 2022 | $294M | -$101M | 9.4% | 0.0% | — | $60M | $17M |
| 2021 | $268M | -$9M | 16.9% | 0.0% | — | $67M | $53M |
| 2020 | $170M | $12M | 6.4% | 0.0% | — | $69M | $22M |
| 2019 | $145M | $2M | -5.1% | 0.0% | — | $32M | $12M |
| 2018 | $150M | -$8M | 6.2% | 0.0% | — | $36M | $12M |
| 2017 | $158M | -$5M | 8.8% | 0.0% | — | — | $7M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $50M | $3M | 41.8% | 10.0% | -$26M | $36M | $50M |
| Dec '25 | $50M | $2M | 38.7% | 0.0% | $300000 | $34M | $81M |
| Sep '25 | $67M | $10M | 47.9% | 0.0% | $23M | $35M | $83M |
| Jun '25 | $60M | $26M | 37.3% | 0.0% | — | $39M | $60M |
| Mar '25 | $40M | -$7M | 35.7% | -1.1% | -$5M | $39M | $15M |
| Dec '24 | $45M | -$9M | 16.1% | 0.0% | $9M | $41M | $25M |
| Sep '24 | $55M | -$820000 | 24.8% | 3.8% | $4M | $43M | $29M |
| Jun '24 | $54M | -$24M | 25.4% | 0.0% | — | $44M | $30M |
| Mar '24 | $78M | -$3M | 19.9% | 0.0% | — | $46M | $27M |
| Dec '23 | $74M | -$25M | 14.8% | 0.0% | — | $48M | $30M |
| Sep '23 | $70M | -$1M | 21.0% | 1.1% | — | $49M | $35M |
| Jun '23 | $77M | -$1M | 14.9% | 0.0% | — | $51M | $27M |
| Mar '23 | $65M | -$7M | 19.0% | 0.0% | — | $62M | $30M |
| Dec '22 | $69M | -$49M | 4.2% | 0.0% | — | $60M | $17M |
| Sep '22 | $71M | -$9M | 11.8% | 0.0% | — | $59M | $18M |
| Jun '22 | $83M | -$37M | 7.6% | 0.0% | — | $63M | $26M |
| Mar '22 | $70M | -$7M | 14.1% | 0.0% | — | $66M | $35M |
| Dec '21 | $73M | $2M | 27.3% | 0.0% | — | $67M | $53M |
| Sep '21 | $72M | $745000 | 24.5% | 0.0% | — | $69M | $79M |
| Jun '21 | $70M | -$5M | 7.5% | 0.0% | — | $72M | $114M |
How the market has priced VFF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Village Farms's revenue has grown 4.9% per year, and net income grown 22.8% per year. These are computed facts, not advice.
As of FY2025, Village Farms reported $34M of total debt against $81M of cash.
In FY2025, gross margin was 40.6%, operating margin —, and net margin 15.0%.
As of Jun '26, Village Farms traded at a price-to-earnings ratio of about 6.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.