Where Food Comes From, Inc. Reports Third Quarter Financial Results
Globe Newswire•12/11/2026•08:30 ET
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Key Highlights
- ➤Operating income up 68% to $1.0M as gross margin reaches 42.1%
- ➤Verification and certification revenue up 6% to $5.9M
- ➤Total revenue up 4% to $7.3M; product sales flat at $1.2M
- ➤Operating income up 52% to $1.9M through nine months
- ➤Cash from operations rises to $2.8M; cash balance reaches $4.4M
Expert Statements
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“We are pleased to report strong third quarter financial results highlighted by 6% growth in our core verification and certification business that is benefitting from resurgent demand for beef-related services and growing momentum in other service offerings.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“Our profit metrics also showed continued strength with gross margins rising by 380 basis points to 42.1% and operating income growing 68% to $1.0 million from $600,000 a year ago – both reflecting the positive impact of our ongoing cost down initiatives in conjunction with accelerating revenue.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“Our ability to generate these results in the face of continued headwinds in our beef-related business underscores the importance of our diverse and growing services portfolio.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“Although smaller cattle herd sizes have impacted product sales and certain verification services, newly developed service offerings such as CARE and RaiseWell® Certified are growing rapidly and more than compensating.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“And, despite record high beef prices, cattle producers are still capturing $100-per-head premiums when they use our value-add services.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“Additionally, we are adding hundreds of new customers for our Organic, non-GMO, Gluten Free and Upcycled certifications, and we are benefitting from our unique ability to offer service bundling that reduces costs and audit fatigue for our customers.”
John Saunders, Chairman and CEO of Where Food Comes From, Inc.
“With market research indicating that consumer interest in sustainability, humane handling, and overall transparency in food raising practices has never been higher, our comprehensive portfolio of services ideally positions us to continue leading our industry for years to come.”
Third Quarter Highlights – 2026 vs. 2025 * Verification and certification revenue up 6% to $5.9M from $5.6M
* Net income of $0.8M vs. $1.1M ($1.1M includes $0.9M gain on sale in year-ago Q3)
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