Village Farms Intl Inc Financials

VFF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Village Farms Intl Inc (VFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Key Financial Metrics

Revenue

$336.2M

YoY+17.7%

5Y CAGR+18.4%

Village Farms Intl Inc generated $336.2M in revenue in fiscal year 2024. This represents an increase of 17.7% from the prior year.

EBITDA

N/A

Free Cash Flow

$265K

YoY+122.0%

Village Farms Intl Inc generated $265K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 122.0% from the prior year.

Net Income

-$35.9M

YoY-3.0%

Village Farms Intl Inc reported -$35.9M in net income in fiscal year 2024. This represents a decrease of 3.0% from the prior year.

EPS (Diluted)

$-0.32

YoY+0.0%

Village Farms Intl Inc earned $-0.32 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Cash & Debt

$24.6M

YoY-18.7%

5Y CAGR+15.5%

Village Farms Intl Inc held $24.6M in cash against $32.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

112M

YoY+1.9%

5Y CAGR+16.4%

Village Farms Intl Inc had 112M shares outstanding in fiscal year 2024. This represents an increase of 1.9% from the prior year.

Gross Margin

14.1%

YoY-3.2pp

5Y CAGR+19.2pp

Village Farms Intl Inc's gross margin was 14.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

-10.7%

YoY+1.5pp

5Y CAGR-12.3pp

Village Farms Intl Inc's net profit margin was -10.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$10.1M

YoY+54.7%

5Y CAGR+34.5%

Village Farms Intl Inc invested $10.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 54.7% from the prior year.

VFF Income Statement

Metric	FY24	FY24	FY24	FY23	FY21	FY21
Revenue	$336.2M+17.7%	$285.6M-2.7%	$293.6M+9.5%	$268.0M+57.6%	$170.1M+17.7%	$144.6M
Cost of Revenue	$288.8M+22.3%	$236.2M-11.2%	$266.1M+19.4%	$222.8M+40.0%	$159.1M+4.7%	$151.9M
Gross Profit	$47.4M-4.1%	$49.4M+79.8%	$27.5M-39.1%	$45.2M+312.2%	$11.0M+249.2%	-$7.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$71.0M+8.5%	$65.5M-9.4%	$72.3M+34.0%	$53.9M+182.5%	$19.1M+13.9%	$16.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.4M-25.4%	$4.5M+39.0%	$3.2M+14.4%	$2.8M+37.9%	$2.1M-21.3%	$2.6M
Income Tax	-$1.7M-122.3%	$7.5M+59.2%	$4.7M+232.8%	-$3.5M-26.4%	-$2.8M+52.4%	-$5.9M
Net Income	-$35.9M-3.0%	-$34.8M+65.6%	-$101.1M-1014.1%	-$9.1M-178.2%	$11.6M+399.3%	$2.3M
EPS (Diluted)	$-0.320.0%	$-0.32+71.7%	$-1.13-927.3%	$-0.11-157.9%	$0.19+280.0%	$0.05

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$66.7M+11.4%	$59.9M-22.3%	$77.1M-48.5%	$149.6M+172.3%	$54.9M+2.5%	$53.6M-31.4%	$78.1M+5.2%	$74.2M
Cost of Revenue	$34.8M-7.3%	$37.6M-42.9%	$65.7M-54.7%	$145.0M+251.0%	$41.3M+3.4%	$40.0M-36.1%	$62.6M-1.0%	$63.2M
Gross Profit	$31.9M+43.0%	$22.3M+97.0%	$11.3M+145.8%	$4.6M-66.2%	$13.6M0.0%	$13.6M-12.1%	$15.5M+41.0%	$11.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$15.6M+1.2%	$15.4M-8.2%	$16.8M-27.2%	$23.0M+58.2%	$14.6M-14.6%	$17.1M+4.1%	$16.4M+5.6%	$15.5M
Operating Income	N/A	N/A	N/A	N/A	$2.1M	N/A	N/A	N/A
Interest Expense	$646K-20.6%	$814K+15.3%	$706K-8.1%	$768K-1.4%	$779K-13.5%	$901K-1.7%	$917K-6.1%	$977K
Income Tax	$4.7M+88.5%	$2.5M+154.6%	$983K+142.1%	-$2.3M-2585.1%	$94K-63.8%	$260K-18.8%	$320K-95.5%	$7.2M
Net Income	$10.2M-61.4%	$26.5M+495.3%	-$6.7M+22.3%	-$8.6M-952.3%	-$820K+96.5%	-$23.5M-725.7%	-$2.9M+88.8%	-$25.5M
EPS (Diluted)	$0.08-66.7%	$0.24+500.0%	$-0.06+14.3%	$-0.07-600.0%	$-0.01+95.2%	$-0.21-600.0%	$-0.03+87.5%	$-0.24

VFF Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY21	FY21
Total Assets	$389.3M-16.1%	$464.0M-0.3%	$465.3M-17.9%	$566.9M+60.1%	$354.0M+93.0%	$183.4M
Current Assets	$116.0M-23.6%	$151.8M+14.1%	$133.0M-24.0%	$175.0M+71.9%	$101.8M+86.3%	$54.6M
Cash & Equivalents	$24.6M-18.7%	$30.3M+81.6%	$16.7M-68.8%	$53.4M+146.8%	$21.6M+80.5%	$12.0M
Inventory	$41.3M-47.4%	$78.5M+11.2%	$70.6M+2.8%	$68.7M+47.4%	$46.6M+192.7%	$15.9M
Accounts Receivable	$22.2M-27.5%	$30.6M+10.9%	$27.6M-19.8%	$34.4M+48.0%	$23.2M+158.1%	$9.0M
Goodwill	$42.3M-24.3%	$55.9M-15.6%	$66.2M-43.7%	$117.5M+389.2%	$24.0M	N/A
Total Liabilities	$125.3M-15.3%	$148.0M+1.9%	$145.3M+2.3%	$142.1M-4.5%	$148.7M+161.2%	$56.9M
Current Liabilities	$62.2M-13.8%	$72.2M-0.1%	$72.2M+12.3%	$64.3M-11.0%	$72.3M+228.1%	$22.0M
Long-Term Debt	$32.4M-16.7%	$38.9M-11.2%	$43.8M-13.1%	$50.4M-6.5%	$53.9M+86.1%	$29.0M
Total Equity	$254.0M-15.4%	$300.3M-1.2%	$303.8M-25.6%	$408.4M+98.9%	$205.3M+62.3%	$126.5M
Retained Earnings	-$145.0M-32.8%	-$109.2M-46.8%	-$74.4M-377.7%	$26.8M-25.3%	$35.9M+47.9%	$24.3M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$418.4M+3.6%	$403.7M+7.1%	$377.1M-3.1%	$389.3M-6.8%	$417.8M-1.8%	$425.4M-7.2%	$458.4M-1.2%	$464.0M
Current Assets	$156.6M+13.8%	$137.6M+31.2%	$104.9M-9.6%	$116.0M-9.4%	$128.1M-4.7%	$134.3M-10.9%	$150.9M-0.6%	$151.8M
Cash & Equivalents	$82.6M+37.6%	$60.0M+296.6%	$15.1M-38.6%	$24.6M-14.2%	$28.7M-3.2%	$29.7M+11.1%	$26.7M-11.9%	$30.3M
Inventory	$34.2M-13.4%	$39.5M-23.3%	$51.5M+24.7%	$41.3M-31.3%	$60.0M+1.7%	$59.0M-20.3%	$74.0M-5.7%	$78.5M
Accounts Receivable	$31.4M+12.7%	$27.8M-20.4%	$35.0M+57.7%	$22.2M-33.2%	$33.2M-16.8%	$39.9M+2.7%	$38.8M+27.0%	$30.6M
Goodwill	$43.7M-1.9%	$44.5M+5.1%	$42.4M+0.1%	$42.3M-6.0%	$45.0M+1.2%	$44.5M-19.1%	$54.9M-1.7%	$55.9M
Total Liabilities	$113.0M+3.2%	$109.6M-8.1%	$119.2M-4.9%	$125.3M-5.7%	$132.9M-4.6%	$139.3M-4.6%	$146.0M-1.4%	$148.0M
Current Liabilities	$56.4M+8.8%	$51.8M-5.0%	$54.6M-12.3%	$62.2M-0.6%	$62.6M-8.2%	$68.2M-6.2%	$72.7M+0.7%	$72.2M
Long-Term Debt	$29.8M-4.7%	$31.2M-9.2%	$34.4M+6.1%	$32.4M-6.3%	$34.6M-3.2%	$35.7M-4.0%	$37.2M-4.4%	$38.9M
Total Equity	$295.4M+3.9%	$284.3M+14.5%	$248.3M-2.2%	$254.0M-7.4%	$274.4M+0.6%	$272.7M-7.2%	$293.8M-2.2%	$300.3M
Retained Earnings	-$115.0M+8.2%	-$125.2M+17.5%	-$151.7M-4.6%	-$145.0M-6.3%	-$136.4M-2.9%	-$132.6M-21.6%	-$109.0M+0.1%	-$109.2M

VFF Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY21	FY21
Operating Cash Flow	$10.3M+94.7%	$5.3M+126.7%	-$19.9M+49.7%	-$39.6M-796.8%	$5.7M+139.5%	-$14.4M
Capital Expenditures	$10.1M+54.7%	$6.5M-54.4%	$14.3M-34.0%	$21.7M+533.4%	$3.4M+49.5%	$2.3M
Free Cash Flow	$265K+122.0%	-$1.2M+96.5%	-$34.2M+44.2%	-$61.2M-2810.2%	$2.3M+113.5%	-$16.7M
Investing Cash Flow	-$10.2M-64.4%	-$6.2M+70.2%	-$20.9M+67.1%	-$63.5M-23.9%	-$51.2M-204.3%	-$16.8M
Financing Cash Flow	-$9.5M-167.4%	$14.1M+214.4%	$4.5M-96.7%	$135.9M+131.9%	$58.6M+86.7%	$31.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$5.0M	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$6.4M	N/A	N/A	N/A	-$50K	N/A
Capital Expenditures	N/A	N/A	$2.5M	N/A	N/A	N/A	$1.9M	N/A
Free Cash Flow	N/A	N/A	-$8.9M	N/A	N/A	N/A	-$1.9M	N/A
Investing Cash Flow	N/A	N/A	-$2.8M	N/A	N/A	N/A	-$1.9M	N/A
Financing Cash Flow	N/A	N/A	-$384K	N/A	N/A	N/A	-$1.4M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VFF Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY21	FY21
Gross Margin	14.1%-3.2pp	17.3%+7.9pp	9.4%-7.5pp	16.9%+10.4pp	6.4%+11.5pp	-5.1%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-10.7%+1.5pp	-12.2%+22.3pp	-34.4%-31.1pp	-3.4%-10.2pp	6.8%+5.2pp	1.6%
Return on Equity	N/A	N/A	N/A	N/A	5.7%+3.8pp	1.8%
Return on Assets	-9.2%-1.7pp	-7.5%+14.2pp	-21.7%-20.1pp	-1.6%-4.9pp	3.3%+2.0pp	1.3%
Current Ratio	1.86-0.2	2.10+0.3	1.84-0.9	2.72+1.3	1.41-1.1	2.48
Debt-to-Equity	0.130.0	0.13-0.0	0.14+0.0	0.12-0.1	0.26+0.0	0.23
FCF Margin	0.1%+0.5pp	-0.4%+11.2pp	-11.6%+11.2pp	-22.8%-24.2pp	1.3%+12.9pp	-11.5%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	47.9%+10.5pp	37.3%+22.6pp	14.7%+11.6pp	3.1%-21.7pp	24.8%-0.6pp	25.4%+5.6pp	19.9%+5.0pp	14.8%
Operating Margin	N/A	N/A	N/A	N/A	3.8%	N/A	N/A	N/A
Net Margin	15.3%-28.9pp	44.2%+52.9pp	-8.7%-2.9pp	-5.8%-4.3pp	-1.5%+42.4pp	-43.9%-40.3pp	-3.6%+30.7pp	-34.3%
Return on Equity	3.5%-5.9pp	9.3%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	2.4%-4.1pp	6.6%+8.3pp	-1.8%+0.4pp	-2.2%-2.0pp	-0.2%+5.3pp	-5.5%-4.9pp	-0.6%+4.9pp	-5.5%
Current Ratio	2.78+0.1	2.65+0.7	1.92+0.1	1.86-0.2	2.04+0.1	1.97-0.1	2.08-0.0	2.10
Debt-to-Equity	0.100.0	0.11-0.0	0.14+0.0	0.130.0	0.130.0	0.130.0	0.130.0	0.13
FCF Margin	N/A	N/A	-11.6%	N/A	N/A	N/A	-2.5%	N/A

Financial Health Signals

Financial Profile 59/100

Profitability

N/A

Growth

Leverage

100

Liquidity

Cash Flow

Returns

N/A

Based on FY2024 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

4/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Mixed

-0.29x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Village Farms Intl Inc's annual revenue?

Village Farms Intl Inc (VFF) reported $336.2M in total revenue for fiscal year 2024. This represents a 17.7% 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 Village Farms Intl Inc's revenue growing?

Village Farms Intl Inc (VFF) revenue grew by 17.7% year-over-year, from $285.6M to $336.2M in fiscal year 2024.

Is Village Farms Intl Inc profitable?

No, Village Farms Intl Inc (VFF) reported a net income of -$35.9M in fiscal year 2024, with a net profit margin of -10.7%.

What is Village Farms Intl Inc's earnings per share (EPS)?

Village Farms Intl Inc (VFF) reported diluted earnings per share of $-0.32 for fiscal year 2024. This represents a 0.0% 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.

How much debt does Village Farms Intl Inc have?

As of fiscal year 2024, Village Farms Intl Inc (VFF) had $24.6M in cash and equivalents against $32.4M in long-term debt.

What is Village Farms Intl Inc's gross margin?

Village Farms Intl Inc (VFF) had a gross margin of 14.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Village Farms Intl Inc's net profit margin?

Village Farms Intl Inc (VFF) had a net profit margin of -10.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Village Farms Intl Inc's free cash flow?

Village Farms Intl Inc (VFF) generated $265K in free cash flow during fiscal year 2024. This represents a 122.0% 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 Village Farms Intl Inc's operating cash flow?

Village Farms Intl Inc (VFF) generated $10.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Village Farms Intl Inc's total assets?

Village Farms Intl Inc (VFF) had $389.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Village Farms Intl Inc's capital expenditures?

Village Farms Intl Inc (VFF) invested $10.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Village Farms Intl Inc have outstanding?

Village Farms Intl Inc (VFF) had 112M shares outstanding as of fiscal year 2024.

What is Village Farms Intl Inc's current ratio?

Village Farms Intl Inc (VFF) had a current ratio of 1.86 as of fiscal year 2024, which is generally considered healthy.

What is Village Farms Intl Inc's debt-to-equity ratio?

Village Farms Intl Inc (VFF) had a debt-to-equity ratio of 0.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Village Farms Intl Inc's return on assets (ROA)?

Village Farms Intl Inc (VFF) had a return on assets of -9.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Village Farms Intl Inc's Piotroski F-Score?

Village Farms Intl Inc (VFF) 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.

Are Village Farms Intl Inc's earnings high quality?

Village Farms Intl Inc (VFF) has an earnings quality ratio of -0.29x, considered mixed quality. 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.

How financially healthy is Village Farms Intl Inc?

Village Farms Intl Inc (VFF) scores 59 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.