Revenue: As of FY2026 Q1, the actual value is USD 5.365 M.

EPS: As of FY2026 Q1, the actual value is USD 0.02.

EBIT: As of FY2026 Q1, the actual value is USD 293 K.

Segment Revenue

Where Food Comes From, Inc.’s total revenue increased nearly 2% year over year to $5.4 million in the first quarter of 2026, up from $5.3 million in Q1 2025, with exact figures of $5,365 thousand in 2026 and $5,273 thousand in 2025 . Verification and certification revenue increased by 6% to $4.4 million in Q1 2026 from $4.2 million in Q1 2025, specifically $4,424 thousand in 2026 compared to $4,182 thousand in 2025 . Product sales for Where Food Comes From, Inc. increased slightly to $713,000 in Q1 2026 from $702,000 in Q1 2025 . Professional services revenue declined to $228,000 in Q1 2026 from $389,000 in Q1 2025 . Revenue growth was driven by steady new customer wins and increasing demand for various certifications .

Operational Metrics

Where Food Comes From, Inc. reported net income of $92,000 in Q1 2026, an increase from $31,000 in Q1 2025, marking a return to profitability . Gross margins were 39% in Q1 2026, lower than 42% in Q1 2025, primarily due to higher insurance and personnel costs . Gross profit was $2,043 thousand in 2026 compared to $2,195 thousand in 2025 . Income from operations increased to $298 thousand in Q1 2026 from $142 thousand in Q1 2025 . Selling, general and administrative expense was 15% lower at $1.7 million in Q1 2026, compared to $2.1 million in Q1 2025, attributed to management’s decision to forego 2025 bonus compensation, with specific amounts of $1,745 thousand in 2026 and $2,053 thousand in 2025 . Total costs of revenues were $3,322 thousand in Q1 2026, up from $3,078 thousand in Q1 2025 . This included costs of verification and certification services of $2,721 thousand in 2026 versus $2,395 thousand in 2025, costs of products of $438 thousand in 2026 versus $428 thousand in 2025, and costs of professional services of $163 thousand in 2026 versus $255 thousand in 2025 . The company secured many new customers for beef-related and non-beef related services . The RaiseWell program, launched in Q1, secured Whole Foods Market as its first major retailer for beef supply and is currently generating meaningful revenue .

Cash Flow

Cash provided by operations for Where Food Comes From, Inc. in the first quarter of 2026 was $523,000, compared to $632,000 in the first quarter of 2025 .

Unique Metrics

Where Food Comes From, Inc. bought back 24,469 shares of its common stock at a cost of $293,000 during Q1 2026 . Total share buybacks since the plan’s inception, including private purchases, amount to 1,399,121 shares at an approximate cost of $15.5 million . The company reported a fair market value loss on digital assets of - $135 thousand in Q1 2026, compared to - $76 thousand in Q1 2025 . A gain on sale of assets of $17 thousand was recorded in Q1 2026, with no comparable gain in Q1 2025 . Interest expense remained constant at - $1 thousand for both Q1 2026 and Q1 2025 . The company is observing solid growth in non-beef business lines, with verifications for pork, dairy, and egg operations extending their growth momentum . Certification activities for Organic, non-GMO, Gluten Free, and Upcycled also showed gains .

Outlook / Guidance

Where Food Comes From, Inc.’s CEO expressed optimism regarding future growth prospects, driven by increasing consumer demand for transparency in the food supply chain . The company plans to expand its RaiseWell™ Certified program to include poultry, eggs, dairy, and pork production . They are also actively acquiring new customers for both beef-related and non-beef related verification services and plan to continue their stock repurchase program .