Village Farms International, Inc. (VFF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VFF SEC filings page.
Village Farms International, Inc. (VFF) reported $230.6M in revenue over the twelve months to Jun 30, 2026, up 40.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
The business shifted from persistent losses to cash-generating profitability as margins widened sharply without a comparable sales increase.
2025 earnings quality improved materially: net income of$32.4M converted into$58.1M of operating cash flow and$39.9M of free cash flow after$18.2M of capital spending. That combination suggests the reported profit was supported by cash generation rather than being largely absorbed by working capital or reinvestment.
Margin expansion, not volume alone, drove the turnaround. Revenue rose only
The balance sheet became less dependent on debt while liquidity improved. Total liabilities fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Village Farms International, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Village Farms International, Inc., and counted as zero in the overall score.
Village Farms International, Inc.'s revenue grew 10.2% year-over-year to $215.9M, a solid pace of expansion. This earns a growth score of 76/100.
Village Farms International, Inc. carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.64, Village Farms International, Inc. holds $2.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Village Farms International, Inc. converts 18.5% of revenue into free cash flow ($39.9M). This strong cash generation earns a score of 65/100.
Not available for Village Farms International, Inc., and counted as zero in the overall score.
Village Farms International, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Village Farms International, Inc. generates $1.79 in operating cash flow ($58.1M OCF vs $32.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Village Farms International, Inc. generated $64.0M in revenue in Q2 2026. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 27.3%.
Village Farms International, Inc.'s EBITDA was $15.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.9% from the same quarter a year earlier. Against the prior quarter it is up 62.0%.
Village Farms International, Inc. reported $7.1M in net income in Q2 2026. This represents a decrease of 73.0% from the same quarter a year earlier. Against the prior quarter it is up 144.9%.
Village Farms International, Inc. earned $0.06 per diluted share (EPS) in Q2 2026. This represents a decrease of 75.0% from the same quarter a year earlier. Against the prior quarter it is up 200.0%.
Cash & Balance Sheet
Village Farms International, Inc. generated $2.6M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 89.3% from the same quarter a year earlier. Against the prior quarter it is up 110.2%.
Village Farms International, Inc. held $72.9M in cash against $34.7M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Village Farms International, Inc.'s gross margin was 46.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 9.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.
Village Farms International, Inc.'s operating margin was 17.4% in Q2 2026, reflecting core business profitability. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.
Village Farms International, Inc.'s net profit margin was 11.2% in Q2 2026, showing the share of revenue converted to profit. This is down 33.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.4 percentage points.
Village Farms International, Inc.'s ROE was 2.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 7.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Capital Allocation
Village Farms International, Inc. spent $419K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 93.4%.
Village Farms International, Inc. invested $6.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 54.3% from the same quarter a year earlier. Against the prior quarter it is down 32.4%.
Not reported for Q2 2026.
VFF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.0M+6.8% | $50.2M+26.6% | $49.6M+433.8% | $66.7M+21.5% | $59.9M+11.8% | $39.7M-49.2% | $9.3M | $54.9M-21.0% |
| Cost of Revenue | $34.0M-9.5% | $29.3M+14.7% | $30.4M+383.9% | $34.8M-15.7% | $37.6M-6.0% | $25.5M-59.2% | $6.3M | $41.3M-24.8% |
| Gross Profit | $30.0M+34.2% | $21.0M+48.0% | $19.2M+537.8% | $31.9M+134.2% | $22.3M+63.8% | $14.2M-8.6% | $3.0M | $13.6M-6.7% |
| SG&A Expenses | $18.8M+22.1% | $15.9M+9.0% | $14.7M+6.7% | $15.6M+7.1% | $15.4M-9.6% | $14.6M-10.8% | $13.7M | $14.6M-7.9% |
| Operating Income | $11.2M+61.0% | $5.0M+1246.4% | N/A | N/A | $6.9M | -$440K | N/A | $2.1M+174.8% |
| EBITDA | $15.1M+30.9% | $9.3M+133.7% | N/A | N/A | $11.6M | $4.0M | N/A | $6.7M+68.2% |
| Interest Expense | $477K-41.4% | $523K-25.4% | $543K-29.3% | $646K-17.1% | $814K-9.7% | $701K-23.6% | $768K | $779K-21.2% |
| Income Tax | $3.3M+30.3% | $1.7M+69.7% | $2.2M+192.8% | $4.7M+4918.1% | $2.5M+862.7% | $983K+207.2% | -$2.3M | $94K+105.6% |
| Net Income | $7.1M-73.0% | $2.9M+143.5% | $2.4M+136.7% | $10.2M+1346.0% | $26.5M+212.5% | -$6.7M-135.0% | -$6.6M | -$820K+36.9% |
| EPS (Basic) | $0.06-75.0% | $0.03+150.0% | $0.02+128.6% | $0.09+1000.0% | $0.24+214.3% | -$0.06-100.0% | -$0.07+65.0% | -$0.010.0% |
| EPS (Diluted) | $0.06-75.0% | $0.02+133.3% | $0.01 | $0.08 | $0.24+214.3% | -$0.06-100.0% | -$0.07+65.0% | -$0.01 |
| Diluted Shares (Avg) | 125M+10.6% | 127M+13.1% | N/A | 121M | 113M+1.6% | 112M+1.9% | N/A | 112M |
Not reported in any period shown, so not listed: R&D Expenses.
VFF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $428.5M+6.1% | $400.9M+6.3% | $423.1M+8.7% | $418.4M+0.1% | $403.7M-5.1% | $377.1M-17.7% | $389.3M-16.1% | $417.8M-12.5% |
| Current Assets | $160.3M+16.5% | $131.9M+25.8% | $154.4M+33.1% | $156.6M+22.3% | $137.6M+2.4% | $104.9M-30.5% | $116.0M-23.6% | $128.1M-16.4% |
| Cash & Equivalents | $72.9M+21.6% | $50.5M+233.7% | $81.2M+229.6% | $82.6M+187.7% | $60.0M+102.3% | $15.1M-43.3% | $24.6M-18.7% | $28.7M-19.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $46.7M+18.2% | $44.4M-13.7% | $41.5M+0.6% | $34.2M-43.0% | $39.5M-33.1% | $51.5M-30.5% | $41.3M-47.4% | $60.0M-22.1% |
| Accounts Receivable | $32.4M+16.5% | $26.6M-23.8% | $23.2M+4.5% | $31.4M-5.5% | $27.8M-30.2% | $35.0M-10.0% | $22.2M-27.5% | $33.2M+16.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $42.8M-4.0% | $43.7M+3.0% | $44.4M+4.8% | $43.7M-2.9% | $44.5M+0.2% | $42.4M-22.9% | $42.3M-24.3% | $45.0M-31.9% |
| Total Liabilities | $109.8M+0.2% | $97.1M-18.5% | $113.0M-9.8% | $113.0M-15.0% | $109.6M-21.4% | $119.2M-18.4% | $125.3M-15.3% | $132.9M-6.0% |
| Current Liabilities | $50.6M-2.3% | $43.1M-21.0% | $58.6M-5.8% | $56.4M-9.9% | $51.8M-24.0% | $54.6M-24.9% | $62.2M-13.8% | $62.6M-9.1% |
| Non-Current Liabilities | $59.2M+2.6% | $54.0M-16.4% | $54.4M-13.8% | $56.6M-19.4% | $57.7M-18.8% | $64.6M-11.9% | $63.1M-16.8% | $70.3M-3.1% |
| Long-Term Debt | $34.7M+11.2% | $30.8M-10.5% | $28.8M-11.3% | $29.8M-14.0% | $31.2M-12.7% | $34.4M-7.6% | $32.4M-16.7% | $34.6M-13.1% |
| Total Equity | $312.2M+9.8% | $294.0M+18.4% | $299.9M+18.1% | $295.4M+7.7% | $284.3M+3.3% | $248.3M-16.2% | $254.0M-15.2% | $274.4M-14.4% |
| Retained Earnings | -$102.5M+18.1% | -$109.7M+27.7% | -$112.6M+22.4% | -$115.0M+15.7% | -$125.2M+5.5% | -$151.7M-39.2% | -$145.0M-32.8% | -$136.4M-63.0% |
VFF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.9M-69.0% | -$16.8M-162.9% | $11.4M+51.1% | $24.4M+275.2% | $28.6M+881.9% | -$6.4M-12652.0% | $7.5M+606.4% | $6.5M-45.9% |
| Depreciation & Amortization | $4.0M-14.2% | $4.3M-3.1% | $3.8M+0.5% | $4.2M-9.1% | $4.6M+7.4% | $4.4M-2.6% | $3.8M+60.3% | $4.6M+42.7% |
| Stock-Based Compensation | $293K+138.2% | $376K+159.3% | N/A | $1.0M+15.9% | $123K-94.4% | $145K-64.2% | N/A | $875K+17.1% |
| Capital Expenditures | $6.2M+54.3% | $9.2M+638.8% | $11.1M+576.5% | $1.8M-34.6% | $4.0M+371.4% | $1.2M-33.4% | $1.6M+117.6% | $2.8M+54.4% |
| Free Cash Flow | $2.6M-89.3% | -$26.0M-240.9% | $300K-94.9% | $22.6M+507.7% | $24.6M+644.3% | -$7.6M-295.9% | $5.9M+363.1% | $3.7M-63.7% |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$2.8M-51.3% | -$2.0M+25.6% | -$3.3M-80.6% |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$384K+73.4% | -$1.4M+1.1% | -$2.2M-53.7% |
| Share Buybacks | $419K | $6.4M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
VFF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.9%+9.6pp | 41.8%+6.0pp | 38.7%+6.3pp | 47.9%+23.0pp | 37.3%+11.9pp | 35.7%+15.9pp | 32.4% | 24.8%+3.8pp |
| Operating Margin | 17.4%+5.9pp | 10.0%+11.2pp | N/A | N/A | 11.6% | -1.1% | N/A | 3.8%+2.7pp |
| Net Margin | 11.2%-33.1pp | 5.8%+22.7pp | 4.9%+76.2pp | 15.3%+16.8pp | 44.2%+88.2pp | -16.9%-13.2pp | -71.3% | -1.5%+0.4pp |
| Return on Equity | 2.3%-7.0pp | 1.0%+3.7pp | 0.8%+3.4pp | 3.5%+3.8pp | 9.3%+17.9pp | -2.7%-1.7pp | -2.6% | -0.3%+0.1pp |
| Return on Assets | 1.7%-4.9pp | 0.7%+2.5pp | 0.6%+2.3pp | 2.4%+2.6pp | 6.6%+12.1pp | -1.8%-1.2pp | -1.7% | -0.2%+0.1pp |
| Current Ratio | 3.17+0.5x | 3.06+1.1x | 2.64+0.8x | 2.78+0.7x | 2.65+0.7x | 1.92-0.2x | 1.86-0.2x | 2.04-0.2x |
| Debt-to-Equity | 0.110.0x | 0.100.0x | 0.100.0x | 0.100.0x | 0.110.0x | 0.140.0x | 0.130.0x | 0.130.0x |
| Asset Turnover | 0.150.0x | 0.130.0x | 0.12+0.1x | 0.160.0x | 0.150.0x | 0.11-0.1x | 0.02 | 0.130.0x |
| FCF Margin | 4.1%-36.9pp | -51.7%-32.5pp | 0.6%-62.9pp | 33.9%+27.1pp | 41.1%+49.5pp | -19.2%-16.8pp | 63.5% | 6.8%-8.0pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Village Farms International, Inc. VFF | FY2025 | $215.9M | $32.4M | 15.0% | $341.2M | 49/100 |
| Limoneira Co LMNR | FY2025 | $159.7M | -$16.0M | -10.0% | $220.8M | 33/100 |
| Alico Inc ALCO | FY2025 | $44.1M | -$147.3M | N/A | $283.9M | 39/100 |
| Forafric Global PLC AFRI | FY2025 | $176.5M | -$14.9M | -8.4% | $313.9M | 31/100 |
| Dole plc DOLE | FY2025 | $9.2B | $51.3M | 0.6% | $1.2B | 41/100 |
Where Village Farms International, Inc. Ranks
Frequently Asked Questions
What is Village Farms International, Inc.'s annual revenue?
Village Farms International, Inc. (VFF) reported $215.9M in total revenue for fiscal year 2025. This represents a 10.2% 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 International, Inc.'s revenue growing?
Village Farms International, Inc. (VFF) revenue grew by 10.2% year-over-year, from $195.9M to $215.9M in fiscal year 2025.
Is Village Farms International, Inc. profitable?
Yes, Village Farms International, Inc. (VFF) reported a net income of $32.4M in fiscal year 2025, with a net profit margin of 15.0%.
How much debt does Village Farms International, Inc. have?
As of fiscal year 2025, Village Farms International, Inc. (VFF) had $81.2M in cash and equivalents against $28.8M in long-term debt.
What is Village Farms International, Inc.'s gross margin?
Village Farms International, Inc. (VFF) had a gross margin of 40.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Village Farms International, Inc.'s net profit margin?
Village Farms International, Inc. (VFF) had a net profit margin of 15.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Village Farms International, Inc.'s return on equity (ROE)?
Village Farms International, Inc. (VFF) has a return on equity of 10.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Village Farms International, Inc.'s free cash flow?
Village Farms International, Inc. (VFF) generated $39.9M in free cash flow during fiscal year 2025. This represents a 1154.5% 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 International, Inc.'s operating cash flow?
Village Farms International, Inc. (VFF) generated $58.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Village Farms International, Inc.'s total assets?
Village Farms International, Inc. (VFF) had $423.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Village Farms International, Inc.'s capital expenditures?
Village Farms International, Inc. (VFF) invested $18.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Village Farms International, Inc.'s current ratio?
Village Farms International, Inc. (VFF) had a current ratio of 2.64 as of fiscal year 2025, which is generally considered healthy.
What is Village Farms International, Inc.'s debt-to-equity ratio?
Village Farms International, Inc. (VFF) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Village Farms International, Inc.'s return on assets (ROA)?
Village Farms International, Inc. (VFF) had a return on assets of 7.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Village Farms International, Inc.'s P/E ratio?
Village Farms International, Inc. (VFF) trades at 15.0x earnings, its market capitalization divided by net income of $22.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $341.2M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Village Farms International, Inc.'s price-to-sales ratio?
Village Farms International, Inc. (VFF) trades at 1.5x sales, its market capitalization divided by revenue of $230.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $341.2M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Village Farms International, Inc.'s Piotroski F-Score?
Village Farms International, Inc. (VFF) has a Piotroski F-Score of 8 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Village Farms International, Inc.'s earnings high quality?
Village Farms International, Inc. (VFF) has an earnings quality ratio of 1.79x, considered cash-backed (high 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. Learn more in our complete guide to financial health indicators.
How financially healthy is Village Farms International, Inc.?
Village Farms International, Inc. (VFF) scores 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.