Every 10-Q that INNOVATIVE FOOD HLDGS INC (IVFH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IVFH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IVFH filings page.
Innovative Food Holdings, Inc. reported lower sales but improved profitability for the quarter and six months ended June 30, 2026 following its strategic exit from its retail specialty cheese and related logistics businesses. Revenue from continuing operations for the quarter was $13.1 million, down 21.5% from $16.6 million in 2025, and six‑month revenue was $25.2 million, down 20.3% from $31.7 million. Despite this, cost controls kept gross margin steady or slightly better: quarterly gross margin rose to 26.2% from 25.7%, and six‑month gross margin remained at 25.9%.
Operating expenses declined meaningfully, with total operating expenses for the first half down 18.5%. Net income from continuing operations was $366 thousand for the quarter and $709 thousand for six months, compared with $826 thousand and $1.08 million a year earlier. Including discontinued operations and a gain on the March 2026 sale of the Mountain Top, Pennsylvania facility, consolidated net income for the first half was $2.2 million versus a $372 thousand loss in 2025.
Liquidity improved: working capital was $6.6 million at June 30, 2026, with total debt reduced to $250 thousand and cash and restricted cash of $1.84 million. Management states it does not anticipate needing to raise additional capital. However, the company remains highly dependent on two major customers and continues to report material weaknesses in internal control over financial reporting related to IT general controls and certain account reconciliations.
Innovative Food Holdings reported Q1 2026 revenue of $12.2 million, down 19.0% from $15.0 million a year earlier as digital, national and local distribution channels all declined. Despite lower sales, gross margin stayed near 26% and operating income rose to $350,693 from $260,456 through tighter operating expenses.
Net income from continuing operations increased to $343,391, while discontinued operations generated $1.5 million of income versus a prior-year loss, driven largely by a $2.76 million gain on the sale of the Pennsylvania facility. Consolidated net income swung to $1.84 million from a $430,436 loss.
The company used sale proceeds to retire $8.79 million of debt, cutting total liabilities to $4.0 million and lifting equity to $8.1 million. At March 31, 2026, current assets of $9.8 million and current liabilities of $3.3 million produced working capital of about $6.5 million, and management states it does not anticipate needing to raise additional capital. Customer concentration remains high, with U.S. Foods at 40% of sales and Gate Gourmet at 15%.
Management again identified material weaknesses in IT general controls and related financial reporting processes, so disclosure controls and procedures were deemed not effective, although management believes the financial statements are fairly presented and has begun a remediation plan.
Innovative Food Holdings reported higher continuing operations revenue in Q3, with sales of $16,423,716 versus $15,866,583 a year ago. Gross margin rose to $3,856,279. Operating income from continuing operations was $663,361, and income from continuing operations was $650,599, down from $861,011 last year.
The company recorded a net loss of $1,719,196 for the quarter, driven by a loss from discontinued operations of $2,369,795 tied to its strategic exit of the retail specialty cheese business and related logistics and cutting operations. For the nine months, revenue reached $49,247,466, with income from continuing operations of $1,729,974 and a net loss of $2,091,122.
Cash and cash equivalents were $684,322 as of September 30, 2025; total assets were $21,084,006 and stockholders’ equity was $6,444,650. U.S. Foods accounted for 36% of Q3 sales and Gate Gourmet for 15%. Shares outstanding were 54,785,684 as of November 13, 2025. Subsequent to quarter-end, Gary Schubert was appointed CEO effective October 3, 2025.