15 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 | $25M | $2M | 38.2% | 4.8% | $1M | — | $3M |
| 2024 | $26M | $2M | 41.0% | 8.6% | $3M | — | $2M |
| 2023 | $25M | $2M | 41.9% | 10.7% | $3M | — | $3M |
| 2022 | $25M | $2M | 42.1% | 10.7% | $3M | — | $4M |
| 2021 | $22M | $3M | 44.4% | 10.5% | $3M | — | $5M |
| 2020 | $20M | $1M | 44.5% | 8.4% | $2M | $1M | $4M |
| 2019 | $21M | $1M | 43.7% | 7.5% | $3M | — | $3M |
| 2018 | — | $800736 | — | — | $787479 | — | $1M |
| 2017 | — | $142314 | — | — | $573462 | — | $3M |
| 2016 | — | $433171 | — | — | $540209 | — | $2M |
| 2015 | — | $533917 | — | — | — | $16211 | $4M |
| 2014 | — | $229095 | — | — | — | $23670 | $3M |
| 2013 | — | -$33560 | — | — | $182259 | $165755 | $1M |
| 2012 | — | $870358 | — | — | $260838 | $391106 | $1M |
| 2011 | — | $864452 | — | — | $708514 | — | $969020 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $5M | $92000 | 38.1% | 5.6% | $375000 | — | $3M |
| Dec '25 | $6M | -$203000 | 35.9% | -1.0% | -$741000 | — | $3M |
| Sep '25 | $7M | $1M | 38.3% | 8.2% | $443000 | — | $5M |
| Jun '25 | $7M | $562000 | 37.5% | 8.4% | $1M | — | $3M |
| Mar '25 | $5M | $31000 | 41.6% | 2.7% | $603000 | — | $2M |
| Dec '24 | $7M | $961000 | 42.0% | 11.3% | -$79000 | — | $2M |
| Sep '24 | $7M | $492000 | 39.0% | 8.6% | $873000 | — | $3M |
| Jun '24 | $6M | $489000 | 41.6% | 9.1% | $1M | — | $3M |
| Mar '24 | $6M | $178000 | 41.7% | 4.7% | $676000 | — | $2M |
| Dec '23 | $7M | $776000 | 44.7% | 13.7% | $148000 | — | $3M |
| Sep '23 | $7M | $723000 | 40.9% | 13.5% | $1M | — | $4M |
| Jun '23 | $6M | $532000 | 40.9% | 11.0% | $802000 | — | $3M |
| Mar '23 | $5M | $121000 | 40.7% | 2.9% | $466000 | — | $3M |
| Dec '22 | $6M | $490000 | 45.3% | 10.5% | -$400000 | — | $4M |
| Sep '22 | $7M | $785000 | 43.8% | 14.8% | $724000 | — | $6M |
| Jun '22 | $5M | $222000 | 40.0% | 5.9% | $1M | — | $6M |
| Mar '22 | $6M | $497000 | 38.9% | 10.1% | $1M | — | $6M |
| Dec '21 | $6M | $742000 | 50.6% | 13.7% | -$50000 | — | $5M |
| Sep '21 | $7M | $867000 | 44.7% | 17.4% | $1M | — | $6M |
| Jun '21 | $5M | $202000 | 39.1% | 5.5% | $496000 | — | $5M |
How the market has priced WFCF 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, Where Food Comes From, Inc.'s revenue has grown 4.4% per year, and net income grown 2.1% per year. These are computed facts, not advice.
As of FY2025, Where Food Comes From, Inc. reported — of total debt against $3M of cash; operating income covered interest expense 402×.
In FY2025, gross margin was 38.2%, operating margin 4.8%, and net margin 6.2%.
As of Jun '26, Where Food Comes From, Inc. traded at a price-to-earnings ratio of about 42.4× (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.