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

Village Farms Intl Inc (VFF) reported diluted earnings per share of $0.27 for fiscal year 2025. This represents a 184.4% 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.

Village Farms Intl Inc Financials

VFF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 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).

Rhea AI VFF FY2025 2026-05-11

FY2025’s turnaround came from a margin-and-cash conversion reset, not from outsized sales growth alone.

From FY2024 to FY2025, gross margin moved from 23.4% to 40.6%, while revenue changed far less. Operating cash flow climbed from $10.3M to $58.1M even as inventory stayed near prior-year levels and selling costs did not rise in step, which suggests a mix and cost-capture reset rather than a simple volume rebound.

Balance-sheet posture strengthened at the same time: cash reached $81.2M versus long-term debt of $28.8M, and current assets still covered short-term obligations comfortably. With a current ratio of 2.6x, the company had room to fund day-to-day needs without depending on stressed working capital.

Earnings quality looks better than in the prior two years. Earlier, the business could show slightly positive free cash flow mainly because capital spending was kept light; in FY2025, net income of $32.4M and free cash flow of $39.9M rose together, so the cash generation looks more like operating improvement than deferred reinvestment.

Financial Health Signals

Financial Profile 45/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Village Farms Intl 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.

Growth

Village Farms Intl Inc's revenue grew 10.2% year-over-year to $215.9M, a solid pace of expansion. This earns a growth score of 58/100.

Leverage

100

Village Farms Intl 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 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Village Farms Intl Inc's current ratio of 2.64 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Village Farms Intl Inc has a free cash flow margin of 18.5%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Village Farms Intl Inc generates a 10.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is up from -13.3% the prior year.

Piotroski F-Score Strong

8/9

Village Farms Intl 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.

Earnings Quality Cash-Backed

1.79x

For every $1 of reported earnings, Village Farms Intl 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

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Earnings & Revenue

Revenue

$215.9M

YoY+10.2%

5Y CAGR+4.9%

Village Farms Intl Inc generated $215.9M in revenue in fiscal year 2025. This represents an increase of 10.2% from the prior year.

EBITDA

N/A

Net Income

$32.4M

YoY+195.8%

5Y CAGR+22.8%

Village Farms Intl Inc reported $32.4M in net income in fiscal year 2025. This represents an increase of 195.8% from the prior year.

EPS (Diluted)

$0.27

YoY+184.4%

5Y CAGR+7.3%

Village Farms Intl Inc earned $0.27 per diluted share (EPS) in fiscal year 2025. This represents an increase of 184.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$39.9M

YoY+1154.5%

5Y CAGR+77.6%

Village Farms Intl Inc generated $39.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1154.5% from the prior year.

Cash & Debt

$81.2M

YoY+229.6%

5Y CAGR+30.3%

Village Farms Intl Inc held $81.2M in cash against $28.8M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

116M

YoY+3.0%

5Y CAGR+11.6%

Village Farms Intl Inc had 116M shares outstanding in fiscal year 2025. This represents an increase of 3.0% from the prior year.

Margins & Returns

Gross Margin

40.6%

YoY+17.2pp

5Y CAGR+34.2pp

Village Farms Intl Inc's gross margin was 40.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 17.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

15.0%

YoY+32.3pp

5Y CAGR+8.2pp

Village Farms Intl Inc's net profit margin was 15.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 32.3 percentage points from the prior year.

Return on Equity

10.8%

YoY+24.1pp

5Y CAGR+5.2pp

Village Farms Intl Inc's ROE was 10.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 24.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$3.0M

Village Farms Intl Inc spent $3.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$18.2M

YoY+154.2%

5Y CAGR+39.7%

Village Farms Intl Inc invested $18.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 154.2% from the prior year.

VFF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$215.9M+10.2%	$195.9M+20.1%	$163.1M-44.4%	$293.6M+9.5%	$268.0M+57.6%	$170.1M
Cost of Revenue	$128.3M-14.6%	$150.1M+30.3%	$115.2M-56.7%	$266.1M+19.4%	$222.8M+40.0%	$159.1M
Gross Profit	$87.7M+91.4%	$45.8M-4.5%	$48.0M+74.4%	$27.5M-39.1%	$45.2M+312.2%	$11.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$60.3M-2.4%	$61.7M+8.9%	$56.7M-21.5%	$72.3M+34.0%	$53.9M+182.5%	$19.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.7M-19.6%	$3.4M-25.1%	$4.5M+38.6%	$3.2M+14.4%	$2.8M+37.9%	$2.1M
Income Tax	$10.4M+724.0%	-$1.7M-122.3%	$7.5M+59.2%	$4.7M+232.8%	-$3.5M-26.4%	-$2.8M
Net Income	$32.4M+195.8%	-$33.9M+2.7%	-$34.8M+65.6%	-$101.1M-1014.1%	-$9.1M-178.2%	$11.6M
EPS (Diluted)	$0.27+184.4%	$-0.320.0%	$-0.32+71.7%	$-1.13-927.3%	$-0.11-157.9%	$0.19

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$50.2M+1.3%	$49.6M-25.7%	$66.7M+11.4%	$59.9M+51.0%	$39.7M+326.9%	$9.3M-83.1%	$54.9M+2.5%	$53.6M
Cost of Revenue	$29.3M-3.8%	$30.4M-12.7%	$34.8M-7.3%	$37.6M+47.3%	$25.5M+306.0%	$6.3M-84.8%	$41.3M+3.4%	$40.0M
Gross Profit	$21.0M+9.2%	$19.2M-39.8%	$31.9M+43.0%	$22.3M+57.6%	$14.2M+370.4%	$3.0M-77.9%	$13.6M0.0%	$13.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$15.9M+8.7%	$14.7M-6.0%	$15.6M+1.2%	$15.4M+5.4%	$14.6M+6.4%	$13.7M-5.7%	$14.6M-14.6%	$17.1M
Operating Income	$5.0M	N/A	N/A	N/A	-$440K	N/A	$2.1M	N/A
Interest Expense	$523K-3.7%	$543K-15.9%	$646K-20.6%	$814K+16.1%	$701K-8.7%	$768K-1.4%	$779K-13.5%	$901K
Income Tax	$1.7M-23.1%	$2.2M-54.0%	$4.7M+88.5%	$2.5M+154.6%	$983K+142.1%	-$2.3M-2585.1%	$94K-63.8%	$260K
Net Income	$2.9M+20.0%	$2.4M-76.2%	$10.2M-61.4%	$26.5M+495.3%	-$6.7M-1.1%	-$6.6M-708.4%	-$820K+96.5%	-$23.5M
EPS (Diluted)	$0.02	N/A	$0.08-66.7%	$0.24+500.0%	$-0.06	N/A	$-0.01+95.2%	$-0.21

VFF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$423.1M+8.7%	$389.3M-16.1%	$464.0M-0.3%	$465.3M-17.9%	$566.9M+60.1%	$354.0M
Current Assets	$154.4M+33.1%	$116.0M-23.6%	$151.8M+14.1%	$133.0M-24.0%	$175.0M+71.9%	$101.8M
Cash & Equivalents	$81.2M+229.6%	$24.6M-18.7%	$30.3M+81.6%	$16.7M-68.8%	$53.4M+146.8%	$21.6M
Inventory	$41.5M+0.6%	$41.3M-47.4%	$78.5M+11.2%	$70.6M+2.8%	$68.7M+47.4%	$46.6M
Accounts Receivable	$23.2M+4.5%	$22.2M-27.5%	$30.6M+10.9%	$27.6M-19.8%	$34.4M+48.0%	$23.2M
Goodwill	$44.4M+4.8%	$42.3M-24.3%	$55.9M-15.6%	$66.2M-43.7%	$117.5M+389.2%	$24.0M
Total Liabilities	$113.0M-9.8%	$125.3M-15.3%	$148.0M+1.9%	$145.3M+2.3%	$142.1M-4.5%	$148.7M
Current Liabilities	$58.6M-5.8%	$62.2M-13.8%	$72.2M-0.1%	$72.2M+12.3%	$64.3M-11.0%	$72.3M
Long-Term Debt	$28.8M-11.3%	$32.4M-16.7%	$38.9M-11.2%	$43.8M-13.1%	$50.4M-6.5%	$53.9M
Total Equity	$299.9M+18.1%	$254.0M-15.2%	$299.6M-1.1%	$303.1M-25.8%	$408.4M+98.9%	$205.3M
Retained Earnings	-$112.6M+22.4%	-$145.0M-32.8%	-$109.2M-46.8%	-$74.4M-377.7%	$26.8M-25.3%	$35.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$400.9M-5.2%	$423.1M+1.1%	$418.4M+3.6%	$403.7M+7.1%	$377.1M-3.1%	$389.3M-6.8%	$417.8M-1.8%	$425.4M
Current Assets	$131.9M-14.6%	$154.4M-1.4%	$156.6M+13.8%	$137.6M+31.2%	$104.9M-9.6%	$116.0M-9.4%	$128.1M-4.7%	$134.3M
Cash & Equivalents	$50.5M-37.8%	$81.2M-1.7%	$82.6M+37.6%	$60.0M+296.6%	$15.1M-38.6%	$24.6M-14.2%	$28.7M-3.2%	$29.7M
Inventory	$44.4M+7.0%	$41.5M+21.4%	$34.2M-13.4%	$39.5M-23.3%	$51.5M+24.7%	$41.3M-31.3%	$60.0M+1.7%	$59.0M
Accounts Receivable	$26.6M+15.1%	$23.2M-26.2%	$31.4M+12.7%	$27.8M-20.4%	$35.0M+57.7%	$22.2M-33.2%	$33.2M-16.8%	$39.9M
Goodwill	$43.7M-1.6%	$44.4M+1.5%	$43.7M-1.9%	$44.5M+5.1%	$42.4M+0.1%	$42.3M-6.0%	$45.0M+1.2%	$44.5M
Total Liabilities	$97.1M-14.1%	$113.0M0.0%	$113.0M+3.2%	$109.6M-8.1%	$119.2M-4.9%	$125.3M-5.7%	$132.9M-4.6%	$139.3M
Current Liabilities	$43.1M-26.4%	$58.6M+3.9%	$56.4M+8.8%	$51.8M-5.0%	$54.6M-12.3%	$62.2M-0.6%	$62.6M-8.2%	$68.2M
Long-Term Debt	$30.8M+7.0%	$28.8M-3.3%	$29.8M-4.7%	$31.2M-9.2%	$34.4M+6.1%	$32.4M-6.3%	$34.6M-3.2%	$35.7M
Total Equity	$294.0M-2.0%	$299.9M+1.5%	$295.4M+3.9%	$284.3M+14.5%	$248.3M-2.2%	$254.0M-7.4%	$274.4M-0.3%	$275.2M
Retained Earnings	-$109.7M+2.6%	-$112.6M+2.1%	-$115.0M+8.2%	-$125.2M+17.5%	-$151.7M-4.6%	-$145.0M-6.3%	-$136.4M-2.9%	-$132.6M

VFF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$58.1M+461.6%	$10.3M+94.7%	$5.3M+126.7%	-$19.9M+49.7%	-$39.6M-796.8%	$5.7M
Capital Expenditures	$18.2M+154.2%	$7.2M+98.9%	$3.6M-74.8%	$14.3M-34.0%	$21.7M+533.4%	$3.4M
Free Cash Flow	$39.9M+1154.5%	$3.2M+85.9%	$1.7M+105.0%	-$34.2M+44.2%	-$61.2M-2810.2%	$2.3M
Investing Cash Flow	N/A	-$10.2M-64.4%	-$6.2M+70.2%	-$20.9M+67.1%	-$63.5M-23.9%	-$51.2M
Financing Cash Flow	N/A	-$9.5M-167.4%	$14.1M+214.4%	$4.5M-96.7%	$135.9M+131.9%	$58.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$3.0M	N/A	N/A	N/A	$5.0M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$16.8M-247.0%	$11.4M-53.4%	$24.4M-14.7%	$28.6M+549.2%	-$6.4M-184.5%	$7.5M+15.8%	$6.5M+277.9%	-$3.7M
Capital Expenditures	$9.2M-16.9%	$11.1M+507.3%	$1.8M-54.8%	$4.0M+223.5%	$1.2M-23.9%	$1.6M-41.3%	$2.8M+226.0%	$857K
Free Cash Flow	-$26.0M-8763.3%	$300K-98.7%	$22.6M-8.1%	$24.6M+422.6%	-$7.6M-229.1%	$5.9M+58.6%	$3.7M+182.3%	-$4.5M
Investing Cash Flow	N/A	N/A	N/A	N/A	-$2.8M-41.0%	-$2.0M+38.4%	-$3.3M-6.0%	-$3.1M
Financing Cash Flow	N/A	N/A	N/A	N/A	-$384K+72.7%	-$1.4M+36.9%	-$2.2M+49.8%	-$4.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.4M	N/A	N/A	N/A	$0	N/A	N/A	N/A

VFF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	40.6%+17.2pp	23.4%-6.0pp	29.4%+20.0pp	9.4%-7.5pp	16.9%+10.4pp	6.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.0%+32.3pp	-17.3%+4.0pp	-21.3%+13.1pp	-34.4%-31.1pp	-3.4%-10.2pp	6.8%
Return on Equity	10.8%+24.1pp	-13.3%-1.7pp	-11.6%+21.8pp	-33.4%-31.1pp	-2.2%-7.9pp	5.7%
Return on Assets	7.7%+16.4pp	-8.7%-1.2pp	-7.5%+14.2pp	-21.7%-20.1pp	-1.6%-4.9pp	3.3%
Current Ratio	2.64+0.8	1.86-0.2	2.10+0.3	1.84-0.9	2.72+1.3	1.41
Debt-to-Equity	0.10-0.0	0.130.0	0.13-0.0	0.14+0.0	0.12-0.1	0.26
FCF Margin	18.5%+16.9pp	1.6%+0.6pp	1.1%+12.7pp	-11.6%+11.2pp	-22.8%-24.2pp	1.3%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	41.8%+3.0pp	38.7%-9.1pp	47.9%+10.5pp	37.3%+1.6pp	35.7%+3.3pp	32.4%+7.6pp	24.8%-0.6pp	25.4%
Operating Margin	10.0%	N/A	N/A	N/A	-1.1%	N/A	3.8%	N/A
Net Margin	5.8%+0.9pp	4.9%-10.4pp	15.3%-28.9pp	44.2%+61.1pp	-16.9%+54.4pp	-71.3%-69.8pp	-1.5%+42.4pp	-43.9%
Return on Equity	1.0%+0.2pp	0.8%-2.6pp	3.5%-5.9pp	9.3%+12.0pp	-2.7%-0.1pp	-2.6%-2.3pp	-0.3%+8.3pp	-8.6%
Return on Assets	0.7%+0.2pp	0.6%-1.9pp	2.4%-4.1pp	6.6%+8.3pp	-1.8%-0.1pp	-1.7%-1.5pp	-0.2%+5.3pp	-5.5%
Current Ratio	3.06+0.4	2.64-0.1	2.78+0.1	2.65+0.7	1.92+0.1	1.86-0.2	2.04+0.1	1.97
Debt-to-Equity	0.100.0	0.100.0	0.100.0	0.11-0.0	0.14+0.0	0.130.0	0.130.0	0.13
FCF Margin	-51.7%-52.3pp	0.6%-33.3pp	33.9%-7.2pp	41.1%+60.3pp	-19.2%-82.7pp	63.5%+56.8pp	6.8%+15.2pp	-8.4%

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Frequently Asked Questions

What is Village Farms Intl Inc's annual revenue?

Village Farms Intl 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 Intl Inc's revenue growing?

Village Farms Intl Inc (VFF) revenue grew by 10.2% year-over-year, from $195.9M to $215.9M in fiscal year 2025.

Is Village Farms Intl Inc profitable?

Yes, Village Farms Intl 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 Intl Inc have?

As of fiscal year 2025, Village Farms Intl Inc (VFF) had $81.2M in cash and equivalents against $28.8M in long-term debt.

What is Village Farms Intl Inc's gross margin?

Village Farms Intl 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 Intl Inc's net profit margin?

Village Farms Intl 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 Intl Inc's return on equity (ROE)?

Village Farms Intl 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 Intl Inc's free cash flow?

Village Farms Intl 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 Intl Inc's operating cash flow?

Village Farms Intl Inc (VFF) generated $58.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Village Farms Intl Inc's total assets?

Village Farms Intl Inc (VFF) had $423.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Village Farms Intl Inc's capital expenditures?

Village Farms Intl Inc (VFF) invested $18.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Village Farms Intl Inc buy back shares?

Yes, Village Farms Intl Inc (VFF) spent $3.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Village Farms Intl Inc have outstanding?

Village Farms Intl Inc (VFF) had 116M shares outstanding as of fiscal year 2025.

What is Village Farms Intl Inc's current ratio?

Village Farms Intl Inc (VFF) had a current ratio of 2.64 as of fiscal year 2025, 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 0.10 as of fiscal year 2025, 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 7.7% for fiscal year 2025, 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 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 Intl Inc's earnings high quality?

Village Farms Intl 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 Intl Inc?

Village Farms Intl Inc (VFF) scores 45 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.