Where Food Comes From posts Q1 revenue of $5.4 million and net income of $92,000
Where Food Comes From reported first-quarter 2026 results for the three months ended March 31, 2026, showing total revenue of $5.4 million, up from $5.3 million, and net income of $92,000, or $0.02 per diluted share, up from $31,000 or $0.01 a year earlier. Gross margin fell to 39% from 42%, while the company bought back 24,469 shares for $293,000 during the quarter.
Key points
- Total revenue rose to $5.4 million from $5.3 million; verification and certification revenue rose to $4.4 million from $4.2 million.
- Net income was $92,000, or $0.02 per diluted share, versus $31,000, or $0.01, in the prior-year quarter.
- Gross margin was 39% versus 42%, which the company attributed to higher insurance and personnel costs.
- Professional services revenue fell to $228,000 from $389,000; the company repurchased 24,469 shares for $293,000 in the quarter.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.