Welcome to our dedicated page for Where Food Comes From SEC filings (Ticker: WFCF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Where Food Comes From, Inc. filings document operating results, governance votes, capital allocation, and material agreements for a public food-verification company. Form 8-K reports include results of operations and financial condition, with press releases and conference-call transcripts covering verification and certification revenue, product sales, professional services revenue, profitability, cash flow, and stock repurchase activity.
Proxy and annual-meeting filings record director elections, auditor ratification, advisory executive-compensation votes, and vote-frequency recommendations. Material-event filings also document transactions such as the completed redemption of the company's membership interest in Progressive Beef, along with related exhibits, financial-statement references, and Inline XBRL cover data.
Where Food Comes From, Inc. reported slightly higher first quarter 2026 results, with total revenue rising to $5.4 million from $5.3 million a year earlier. Verification and certification services grew to $4.4 million, while product sales were $713,000 and professional services declined to $228,000.
Gross margin narrowed to 39% from 42%, but lower selling, general and administrative expenses of $1.7 million versus $2.1 million supported a return to profitability. Net income improved to $92,000, or $0.02 per diluted share, from $31,000. The company generated operating cash flow of $523,000 and repurchased 24,469 shares for $293,000, bringing total buybacks since plan inception to 1,399,121 shares at approximately $15.5 million.
Where Food Comes From, Inc. reported slightly higher results for the quarter ended March 31, 2026. Total revenue was $5.4 million, up from about $5.3 million a year earlier, as verification and certification service revenue grew while professional services declined.
Net income increased to $92,000, or $0.02 per basic and diluted share, compared with $31,000, or $0.01 per share, in the prior-year quarter. Gross profit dipped as cost of revenues rose, but selling, general and administrative expenses fell, partly due to executive bonuses being returned.
The company ended the quarter with $3.3 million in cash, positive operating cash flow of $0.5 million, and deferred revenue of about $1.5 million. It continued repurchasing shares under its Stock Buyback Plan and held Bitcoin with a fair value of $0.5 million, recognizing a fair value loss during the period.
Where Food Comes From, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on April 9, 2026. Stockholders elected six directors, including John and Leann Saunders, with each nominee receiving more than 3.88 million votes in favor and only small numbers withheld.
Stockholders also ratified Haynie & Company as the independent registered public accounting firm for the year ending December 31, 2025, with 4,405,870 votes for and limited opposition. In a non-binding advisory vote, 3,861,757 votes supported the compensation of named executive officers, and stockholders recommended holding future advisory votes on executive compensation every three years.
Where Food Comes From, Inc. filed an amendment to its 2025 annual report to add a previously omitted material weakness in internal control over financial reporting tied to lease accounting under FASB ASC 842.
The issue arose after a November 21, 2025 lease amendment that shortened the lease term from an anticipated July 31, 2031 end date (including renewal options) to a contractual term through December 31, 2027. An improper application of ASC 842 caused a material overstatement of right of use assets and other income for 2025. Management states it has remediated the weakness by correctly applying ASC 842 and considering the use of additional experts for rare or non-routine transactions. They report no material misstatements were identified in the 2025 financial statements and maintain that disclosure controls and procedures were effective as of December 31, 2025.
Where Food Comes From, Inc. is holding its 2026 Annual Meeting on April 9, 2026 via conference call for shareholders of record as of February 3, 2026, when 5,050,455 common shares were outstanding and eligible to vote. Shareholders will vote on electing six directors, ratifying Haynie & Company as independent auditor, approving on an advisory basis executive compensation, and choosing how often future advisory pay votes should occur.
The board recommends voting for all director nominees, for auditor ratification, for the say‑on‑pay resolution, and for holding say‑on‑pay votes every three years. The proxy details board structure, committee membership, director and executive pay, significant insider ownership, and governance policies including codes of conduct, insider trading rules, and procedures for future shareholder proposals.
Where Food Comes From, Inc. CEO and director John K. Saunders reported an insider stock grant on common shares. He acquired 863 shares on February 23, 2026 at a stated price of $0.00 per share, reflecting a grant or award rather than an open-market purchase.
Following this transaction, Saunders directly owns 1,740,952 common shares, held as joint tenants with his spouse, Leann Saunders. The filing documents a small incremental increase in his equity stake, aligning his interests further with other shareholders.
Where Food Comes From, Inc. director and COO Leann Saunders, who is also a ten percent owner, reported acquiring 863 shares of common stock on a grant or award basis at $0.0000 per share. After this award, her directly held common stock position totals 1,740,952 shares, held in part as joint tenants with her spouse.
Where Food Comes From, Inc. reported that its CFO, Dannette Henning, acquired 863 shares of common stock on a grant or award basis, with a price per share of $0.00. Following this equity award, Henning now directly owns 52,738 shares of the company's common stock.
Where Food Comes From, Inc. reported softer 2025 results, with full-year revenue slipping to $24.9 million from $25.7 million and net income declining to $1.5 million, or $0.30 per diluted share, from $2.1 million, or $0.40 per share.
Fourth-quarter revenue fell to $6.0 million from $6.7 million and the Company posted a net loss of $0.2 million, or $0.04 per diluted share, versus net income of $1.0 million a year earlier. Management cited record-high beef prices and the lowest U.S. cattle supply in 70 years as key headwinds for beef-related verification revenue, partially offset by growth in non-beef certifications such as Organic, non-GMO, Gluten Free, Upcycled and CARE Certified.
The Company highlighted new growth initiatives, including the launch of RaiseWell Certified, already adopted by Whole Foods Market for its beef supply, and a CARE Certified sustainable leather collaboration with Pangea, Walmart and Prime Pursuits. It generated $1.6 million in cash from operations, increased cash to $3.2 million, and repurchased 183,016 shares in 2025, bringing total buybacks since inception to 1,374,652 shares at approximately $15.2 million. Executive management also chose to return discretionary bonuses, which will reduce selling, general and administrative expense in the upcoming first-quarter income statement.
Where Food Comes From, Inc. reported 2025 revenue of $24.9M, slightly below 2024’s $25.7M, as tight U.S. cattle supplies and industry cyclicality weighed on its core beef-related business.
Verification and certification services generated 80.8% of revenue, product sales 14.5%, and professional services the balance. Gross profit declined to $9.5M, with margins pressured by higher tag costs, rising wages and benefits, and competitive pricing.
Net income was $1.5M, or $0.30 per basic and diluted share, down from $2.1M and $0.40 in 2024, reflecting lower volumes and cost inflation. Cash and cash equivalents increased to $3.2M, supported by operating cash flow and proceeds from the sale of a 10% stake in Progressive Beef.
The company continued returning capital via its stock buyback plan, repurchasing 66,469 shares for $0.8M in the 2025 fourth quarter and canceling 1,237,700 treasury shares. Management highlights long-term growth drivers in sustainability, traceability, and regulatory requirements, but also flags risks from cattle-cycle contraction, inflation, evolving regulations, ESG expectations, climate-related disruptions, cybersecurity threats and the need to retain key leaders.