Where Food Comes From, Inc. (WFCF) reported a total revenue of $24.9 million for the fiscal year ending December 31, 2025, a decrease of approximately 3.3% from $25.7 million in 2024. The company's verification and certification service revenue, which constitutes the majority of its income, fell to $20.1 million from $20.6 million, reflecting a 2.2% decline. Product sales also saw a decrease, dropping to $3.6 million from $3.8 million, while professional services revenue fell to $1.2 million from $1.4 million. The company's net income for 2025 was approximately $1.5 million, or $0.30 per share, down from $2.1 million, or $0.40 per share, in the previous year.
The decline in revenue was attributed to cyclical challenges within the cattle industry, which has been experiencing a contraction phase. The company noted that tight cattle supplies have led to higher prices, making ranchers less inclined to incur additional verification costs. Despite these challenges, WFCF remains optimistic about the demand for verified product attributes, such as sustainability and animal care, which continue to be sought after in the marketplace. The company also launched its Raisewell Certified Standard to address growing consumer and retailer demand for responsibly raised proteins.
Operationally, WFCF supported over 17,500 stakeholders in the food supply chain, including farmers, ranchers, and retailers. The company had a total of 100 employees as of December 31, 2025, with a workforce that is approximately 84% female and minority employees. The company continues to focus on expanding its verification services across various food groups and enhancing its consulting capabilities.
In terms of strategic developments, WFCF completed the sale of its 10% membership interest in Progressive Beef, LLC, for approximately $1.8 million, resulting in a gain of $0.9 million. The company also engaged in a stock buyback plan, repurchasing 183,000 shares in 2025, which contributed to a reduction in outstanding shares. Looking ahead, WFCF plans to leverage its expertise in third-party verification to capitalize on the increasing consumer demand for transparency in food production practices, while also exploring potential acquisitions to enhance its service offerings.
About Where Food Comes From, Inc.
Where Food Comes From, Inc. provides third-party verification and certification services for food production practices across North America. Its offerings include on-site audits, product labeling, and technology solutions to ensure claims like organic, non-GMO, and humane handling are accurate. Serving farmers, processors, retailers, and brands, the company promotes transparency, sustainability, and food safety in a growing global and domestic food industry.
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