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NASDAQ · Technology

Where Food Comes From, Inc. (WFCF)

Where Food Comes From, Inc. brought in $25M of revenue over the twelve months to June 30, 2026, down 2.2% from a year earlier. Net income was $1.4M, a net margin of 5.8%. Operating cash flow minus capital spending left $1.5M of free cash flow in fiscal 2025. At June 30, 2026 it held $3.4M in cash. Its latest periodic report to the SEC is the quarterly report (amended) (10-Q/A) filed on September 15, 2026.

Free, no password. An email when WFCF files with the SEC.

Price
$16.30
+3.82% on the day · November 10, 2026
52-week range $9.15 to $22.15
Market cap
$81.2M
Revenue (last 12 months)
$25M
-2.2% year on year
Net margin
5.8%
P/E
54.3
on FY2025 diluted EPS

Key facts about Where Food Comes From, Inc.

Net worth
Where Food Comes From, Inc. has a market value (market cap) of $81.2M at the latest share price, and shareholders' equity of $8.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $24.9M (-3.3% year on year), with net income of $1.5M. Over the 12 months to June 30, 2026: revenue $25M, net income $1.4M.
Cash flow
In fiscal 2025 operations brought in $1.6M of cash; after $155K of capital spending, free cash flow was $1.5M.
Latest report
The latest periodic report (quarterly report (amended), 10-Q/A) was filed with the SEC on September 15, 2026 and covers the period to March 31, 2026. Open on SEC EDGAR
Next earnings report
Where Food Comes From, Inc.'s next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Where Food Comes From, Inc. does

Where Food Comes From, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker WFCF.

Revenue and profit by year

Revenue
FY18: $17.8M $17.8M FY18FY19: $20.8M $20.8M FY19FY20: $20.1M $20.1M FY20FY21: $21.9M $21.9M FY21FY22: $24.8M $24.8M FY22FY23: $25.1M $25.1M FY23FY24: $25.7M $25.7M FY24FY25: $24.9M $24.9M FY25
Net income
FY18: $800.7K $800.7K FY18FY19: $1.3M $1.3M FY19FY20: $1.4M $1.4M FY20FY21: $3M $3M FY21FY22: $2M $2M FY22FY23: $2.2M $2.2M FY23FY24: $2.1M $2.1M FY24FY25: $1.5M $1.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$24.9M$1.2M$1.5M$0.30$1.5M
2024$25.7M$2.2M$2.1M$0.40$2.6M
2023$25.1M$2.7M$2.2M$0.39$2.7M
2022$24.8M$2.7M$2M$0.33$2.6M
2021$21.9M$2.3M$3M$0.48$2.8M
2020$20.1M$1.7M$1.4M$0.22$2M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 13, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 14, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where WFCF ranks in Technology

Revenue$24.9M
#540 of 751 in Technology · Bottom 28%
Revenue growth-3.3%
#507 of 604 in Technology · Bottom 16%
Net margin6.2%
#238 of 611 in Technology · Top 39%
Free cash flow margin5.8%
#333 of 568 in Technology · Bottom 41%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Dividends

It paid out $914K in cash dividends, 31% of its net income.

Fiscal yearPer sharePaid outOf profit
2021n/a$914K31%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Where Food Comes From, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. September 22, 2026
  3. September 18, 2026
  4. September 15, 2026
    Quarterly report (amended) 10-Q/A · period to March 31, 2026Revenue rose 1.7% to $5.4M versus the same quarter last year; diluted EPS $0.02 versus $0.01.
  5. September 9, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025Revenue fell 3.3% to $24.9M versus the prior year; diluted EPS $0.30 versus $0.40.
  6. August 10, 2026
  7. August 6, 2026
  8. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 0.7% to $6.6M versus the same quarter last year; diluted EPS $0.08 versus $0.11.
  9. May 15, 2026
  10. May 14, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 1.7% to $5.4M versus the same quarter last year; diluted EPS $0.02 versus $0.01.

Recent insider filings (Forms 3, 4 and 144): 10, the latest on February 27, 2026. Insider transactions on SEC

What is WFCF worth? A DCF from its reported cash flow

Insider trades

What the people running Where Food Comes From, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
February 23, 2026 Henning DannetteCFO Received as pay 863 - - Form 4
February 23, 2026 Saunders LeannCOO, Director, 10% owner Received as pay 863 - - Form 4
February 23, 2026 Saunders John KCEO, Director, 10% owner Received as pay 863 - - Form 4
December 9, 2025 Saunders John KCEO, Director, 10% owner Gave as a gift 2,800 - - Form 4
December 9, 2025 Saunders LeannPresident and COO, Director, 10% owner Gave as a gift 2,800 - - Form 4
November 18, 2025 Rein Graeme P.Director, 10% owner Received as pay 500 - - Form 4
November 18, 2025 Lapaseotes PeteDirector Received as pay 500 - - Form 4
November 18, 2025 Heinen TomDirector Received as pay 500 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns WFCF

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Rein Graeme P.13D, may seek influence with 2 related filers 12.7% 668,302 January 3, 2025
Graeme P. Rein13D, may seek influence with 2 related filers 12.05% 667,802 January 4, 2024

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

7 insiders reported holding 3,777,857 shares in total, about $61.6M at the last price.

HolderSharesAs of
Saunders John KCEO, Director, 10% owner 1,740,952 February 23, 2026
Saunders LeannCOO, Director, 10% owner 1,740,952 February 23, 2026
Lapaseotes PeteDirector 184,965 November 18, 2025
Henning DannetteCFO 52,738 February 23, 2026
Heinen TomDirector 31,250 November 18, 2025
Larson AdamDirector 24,500 November 18, 2025
Rein Graeme P.Director, 10% owner 2,500 November 18, 2025

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about WFCF

What does Where Food Comes From, Inc. do?

Where Food Comes From, Inc. is a company in the Technology sector, listed on NASDAQ as WFCF. Its shares trade on NASDAQ under the ticker WFCF.

What is Where Food Comes From, Inc.'s net worth?

Where Food Comes From, Inc. has a market value (market cap) of $81.2M at the latest share price, and shareholders' equity of $8.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Where Food Comes From, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $1.4M on revenue of $25M, a net margin of 5.8%.

How much revenue does Where Food Comes From, Inc. make?

Over the twelve months to June 30, 2026 Where Food Comes From, Inc. reported revenue of $25M. That is 2.2% less than a year earlier.

When did Where Food Comes From, Inc. last report?

Its most recent periodic report is the quarterly report (amended) (10-Q/A) filed on September 15, 2026. It covers the period to March 31, 2026. Its newest filing of any kind is the shelf registration to sell securities (amended) from September 25, 2026.

When is Where Food Comes From, Inc.'s next earnings report?

Where Food Comes From, Inc.'s next report is expected around November 13, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Where Food Comes From, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.