Innovative Food Financials
This page shows Innovative Food (IVFH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Innovative Food has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is up from -4.0% the prior year.
Innovative Food's revenue grew a modest 2.5% year-over-year to $72.1M. This slow but positive growth earns a score of 36/100.
Innovative Food carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.54, Innovative Food holds $2.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.
While Innovative Food generated -$6.3M in operating cash flow, capex of $317K consumed most of it, leaving -$6.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Innovative Food earns a strong 31.9% return on equity (ROE), meaning it generates $32 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Innovative Food scores 2.85, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Innovative Food passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Innovative Food generates $-2.40 in operating cash flow (-$6.3M OCF vs $2.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Innovative Food earns $0.6 in operating income for every $1 of interest expense ($539K vs $850K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Innovative Food generated $72.1M in revenue in fiscal year 2024. This represents an increase of 2.5% from the prior year.
Innovative Food's EBITDA was $812K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 136.1% from the prior year.
Innovative Food generated -$6.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1080.8% from the prior year.
Innovative Food reported $2.6M in net income in fiscal year 2024. This represents an increase of 160.0% from the prior year.
Innovative Food earned $0.05 per diluted share (EPS) in fiscal year 2024. This represents an increase of 162.5% from the prior year.
Innovative Food held $1.3M in cash against $345K in long-term debt as of fiscal year 2024.
Innovative Food had 53M shares outstanding in fiscal year 2024. This represents an increase of 6.9% from the prior year.
Innovative Food's gross margin was 23.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
Innovative Food's operating margin was 0.8% in fiscal year 2024, reflecting core business profitability. This is up 4.7 percentage points from the prior year.
Innovative Food's net profit margin was 3.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.8 percentage points from the prior year.
Innovative Food's ROE was 31.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Innovative Food invested $317K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 158.6% from the prior year.
IVFH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M-22.2% | $21.1M+8.0% | $19.5M-19.0% | $24.1M+52.1% | $15.9M-4.6% | $16.6M+7.1% | $15.5M-14.9% | $18.2M |
| Cost of Revenue | $12.6M-24.6% | $16.7M+10.7% | $15.1M-19.6% | $18.7M+53.6% | $12.2M-3.5% | $12.6M+7.9% | $11.7M-16.3% | $14.0M |
| Gross Profit | $3.9M-13.0% | $4.4M-1.2% | $4.5M-16.9% | $5.4M+47.0% | $3.7M-7.8% | $4.0M+4.7% | $3.8M-10.3% | $4.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.2M-23.8% | $4.2M-11.0% | $4.7M-17.1% | $5.7M+101.3% | $2.8M-26.4% | $3.8M-3.6% | $4.0M+1.0% | $3.9M |
| Operating Income | $663K+171.3% | $245K+209.6% | -$223K+21.5% | -$284K-133.5% | $849K+475.5% | $148K+184.9% | -$174K+80.3% | -$881K |
| Interest Expense | $15K-91.9% | $188K-10.2% | $209K-52.1% | $436K+3867.4% | -$12K-105.5% | $209K-2.8% | $215K-7.8% | $234K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.7M-3038.3% | $59K+113.6% | -$430K-838.5% | -$46K-103.4% | $1.3M+1391.9% | -$103K-107.2% | $1.4M+185.1% | -$1.7M |
| EPS (Diluted) | $0.01+1100.0% | $0.00+112.5% | $-0.01-233.3% | $0.01-64.7% | $0.02+1800.0% | $-0.00-103.6% | $0.03+240.0% | $-0.02 |
IVFH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.1M-12.1% | $24.0M-4.6% | $25.1M-8.1% | $27.3M+28.9% | $21.2M+7.8% | $19.7M+2.6% | $19.2M-10.1% | $21.3M |
| Current Assets | $18.6M-9.9% | $20.7M-4.8% | $21.7M-9.2% | $23.9M+23.3% | $19.4M+7.2% | $18.1M+3.2% | $17.5M+28.5% | $13.6M |
| Cash & Equivalents | $684K-56.0% | $1.6M+40.6% | $1.1M-13.5% | $1.3M-73.5% | $4.8M+24.7% | $3.9M-9.5% | $4.3M-18.4% | $5.2M |
| Inventory | $4.2M-28.0% | $5.9M-13.2% | $6.8M+93.7% | $3.5M+11.9% | $3.1M+13.5% | $2.8M-2.8% | $2.8M-4.1% | $3.0M |
| Accounts Receivable | $5.2M-24.7% | $6.9M-7.7% | $7.5M+27.8% | $5.9M+18.1% | $5.0M-4.5% | $5.2M+26.5% | $4.1M-4.4% | $4.3M |
| Goodwill | N/A | N/A | N/A | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M+493.2% | $368K |
| Total Liabilities | $14.6M-8.3% | $16.0M-7.6% | $17.3M-9.8% | $19.2M+24.1% | $15.5M+0.7% | $15.4M+3.4% | $14.8M-19.8% | $18.5M |
| Current Liabilities | $13.6M+108.3% | $6.5M-15.4% | $7.7M-17.8% | $9.4M+46.5% | $6.4M+4.0% | $6.2M+12.7% | $5.5M-36.6% | $8.6M |
| Long-Term Debt | $234K-97.3% | $8.6M-0.7% | $8.7M+2409.8% | $345K-95.9% | $8.4M-0.3% | $8.5M-0.5% | $8.5M-4.0% | $8.9M |
| Total Equity | $6.4M-19.5% | $8.0M+2.0% | $7.8M-4.0% | $8.2M+42.0% | $5.8M+33.4% | $4.3M0.0% | $4.3M+53.8% | $2.8M |
| Retained Earnings | -$38.3M-4.7% | -$36.6M+0.2% | -$36.6M-1.2% | -$36.2M-0.1% | -$36.2M+3.6% | -$37.5M-0.3% | -$37.4M+3.7% | -$38.8M |
IVFH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$285K-149.6% | $575K+158.8% | -$977K+72.5% | -$3.6M-564.1% | $766K+334.9% | -$326K+89.7% | -$3.2M-279.3% | $1.8M |
| Capital Expenditures | $20K-55.2% | $46K-72.1% | $163K+2136.4% | $7K-97.5% | $293K+1930.3% | $14K+927.8% | $1K-97.8% | $63K |
| Free Cash Flow | -$306K-157.7% | $530K+146.4% | -$1.1M+68.0% | -$3.6M-853.9% | $472K+238.8% | -$340K+89.2% | -$3.2M-286.1% | $1.7M |
| Investing Cash Flow | $34K+174.9% | -$46K+72.1% | -$163K+85.2% | -$1.1M-577.0% | $232K+1702.6% | -$14K-100.7% | $2.1M+9184.1% | $23K |
| Financing Cash Flow | $256K+414.8% | -$81K+39.4% | -$134K-106.0% | $2.2M+3645.9% | -$63K+4.8% | -$66K+9.6% | -$73K+0.3% | -$73K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $60K-52.0% | $125K | $0 | $0 | $0 | $0 |
IVFH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.5%+2.5pp | 21.0%-1.9pp | 22.9%+0.6pp | 22.4%-0.8pp | 23.1%-0.8pp | 23.9%-0.6pp | 24.5%+1.3pp | 23.3% |
| Operating Margin | 4.0%+2.9pp | 1.2%+2.3pp | -1.1%+0.0pp | -1.2%-6.5pp | 5.3%+4.5pp | 0.9%+2.0pp | -1.1%+3.7pp | -4.8% |
| Net Margin | -10.5%-10.8pp | 0.3%+2.5pp | -2.2%-2.0pp | -0.2%-8.6pp | 8.4%+9.0pp | -0.6%-9.8pp | 9.2%+18.4pp | -9.2% |
| Return on Equity | N/A | 0.7%-15.4pp | 16.2%+14.4pp | 1.8%-21.4pp | 23.2%+23.0pp | 0.2%-32.9pp | 33.1%+20.8pp | 12.2% |
| Return on Assets | -8.2%-8.4pp | 0.2%+1.9pp | -1.7%-1.5pp | -0.2%-6.5pp | 6.3%+6.8pp | -0.5%-8.0pp | 7.4%+15.3pp | -7.8% |
| Current Ratio | 1.36-1.8 | 3.15+0.4 | 2.80+0.3 | 2.54-0.5 | 3.02+0.1 | 2.93-0.3 | 3.20+1.6 | 1.58 |
| Debt-to-Equity | 0.04-1.0 | 1.07-0.0 | 1.10+1.1 | 0.04-1.4 | 1.47-0.5 | 1.96-0.0 | 1.97-1.2 | 3.16 |
| FCF Margin | -1.9%-4.4pp | 2.5%+8.3pp | -5.8%+8.9pp | -14.8%-17.7pp | 3.0%+5.0pp | -2.1%+18.3pp | -20.3%-29.7pp | 9.3% |
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Frequently Asked Questions
What is Innovative Food's annual revenue?
Innovative Food (IVFH) reported $72.1M in total revenue for fiscal year 2024. This represents a 2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Innovative Food's revenue growing?
Innovative Food (IVFH) revenue grew by 2.5% year-over-year, from $70.4M to $72.1M in fiscal year 2024.
Is Innovative Food profitable?
Yes, Innovative Food (IVFH) reported a net income of $2.6M in fiscal year 2024, with a net profit margin of 3.6%.
What is Innovative Food's earnings per share (EPS)?
Innovative Food (IVFH) reported diluted earnings per share of $0.05 for fiscal year 2024. This represents a 162.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Innovative Food's EBITDA?
Innovative Food (IVFH) had EBITDA of $812K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Innovative Food have?
As of fiscal year 2024, Innovative Food (IVFH) had $1.3M in cash and equivalents against $345K in long-term debt.
What is Innovative Food's gross margin?
Innovative Food (IVFH) had a gross margin of 23.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Innovative Food's operating margin?
Innovative Food (IVFH) had an operating margin of 0.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Innovative Food's net profit margin?
Innovative Food (IVFH) had a net profit margin of 3.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Innovative Food's return on equity (ROE)?
Innovative Food (IVFH) has a return on equity of 31.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Innovative Food's free cash flow?
Innovative Food (IVFH) generated -$6.6M in free cash flow during fiscal year 2024. This represents a -1080.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Innovative Food's operating cash flow?
Innovative Food (IVFH) generated -$6.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Innovative Food's total assets?
Innovative Food (IVFH) had $27.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Innovative Food's capital expenditures?
Innovative Food (IVFH) invested $317K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Innovative Food have outstanding?
Innovative Food (IVFH) had 53M shares outstanding as of fiscal year 2024.
What is Innovative Food's current ratio?
Innovative Food (IVFH) had a current ratio of 2.54 as of fiscal year 2024, which is generally considered healthy.
What is Innovative Food's debt-to-equity ratio?
Innovative Food (IVFH) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Innovative Food's return on assets (ROA)?
Innovative Food (IVFH) had a return on assets of 9.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Innovative Food's cash runway?
Based on fiscal year 2024 data, Innovative Food (IVFH) had $1.3M in cash against an annual operating cash burn of $6.3M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Innovative Food's Altman Z-Score?
Innovative Food (IVFH) has an Altman Z-Score of 2.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Innovative Food's Piotroski F-Score?
Innovative Food (IVFH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Innovative Food's earnings high quality?
Innovative Food (IVFH) has an earnings quality ratio of -2.40x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Innovative Food cover its interest payments?
Innovative Food (IVFH) has an interest coverage ratio of 0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Innovative Food?
Innovative Food (IVFH) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.