WFCF · NASDAQ · Specialty Business Services

Where Food Comes From (WFCF)

Audits food-production claims and supports certification, labels, and technology across North America.

$11.35
vs last close−0.35 (−2.99%)
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Where Food Comes From, Inc.WFCF
Industrials

Auditing and certifying food-production claims around organic, animal welfare, source, and sustainability practices. Work spans verification services, certification programs, labels, and supporting technology; the founder-led business reports a single Verification and Certification segment.

Audits food and agricultural production claims through on-site and desk reviews, helping customers substantiate organic, animal-welfare, source, and sustainability claims. Its five divisions include IMI Global for livestock and source/process verification, WFCF Organic for organic certification, Validus for welfare and food-safety auditing, SureHarvest for sustainability and compliance tools, and Postelsia for place-based seafood sustainability.

Operations span the North American food chain, serving producers through retailers and related organizations. A reorganization brought business units into one Verification and Certification segment. Credibility depends on independent audits and retention of qualified technical and senior personnel.

Company facts

CEOJohn Saunders
ListedNov 15, 2006
ExchangeNASDAQ
HeadquartersCastle Rock, CO
CountryUnited States
Employees100
CIK0001360565
ISINUS96327X2009

Market cap$59.0M
EPS (ttm)$0.2802
P/E (ttm)41.76
ROE15.4%
P/B6.68
P/S2.36
Dividend yieldDiv yield
Beta0.51vs XLI 0.30

No analyst consensus on record.

Next report
Nov 12, 26
estimated · in 50 days
EPS estimate
$0.05
Revenue estimate
$4.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.13$0.01$0.11$0.22−$0.04$0.02$0.08Pending
Estimate$0.05$0.05
Surprise+60.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$6.7M$5.3M$6.6M$7.0M$6.0M$5.4M$6.6MPending
Estimate$7.0M$4.9M$4.9M
Surprise0.0%+34.9%
Estimate$0.05
ReportedDue Nov 12, 2026
Estimate$4.9M
ReportedDue Nov 12, 2026
View details

Debt to equity8.30%
Current ratio167.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$7.1M$6.7M$5.3M$6.6M$7.0M$6.0M$5.4M$6.6M
Net income$492.0K$961.0K$31.0K$562.0K$1.1M−$203.0K$92.0K$413.0K
Net margin6.9%14.4%0.6%8.6%16.3%0.0%1.7%6.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$608.0K$755.0K$142.0K$549.0K$575.0K−$60.0K$298.0K$665.0K
YoY growth−35.7%−18.2%−45.6%−5.8%−5.4%Turned loss+109.9%+21.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.4M · Total debt $729.0K · Total assets $13.6M · Shareholders' equity $8.8M

Revenue
$6.6M
Operating income
$665.0K
Net income
$413.0K
View details

No dividends on record.

Institutions11.78%586.7K shares
15 holders · as of Jun 30, 2026
Insiders40.90%2.04M shares
6 holders · as of Feb 27, 2026
Other47.32%2.36M shares
remainder

4.98M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
John K. SaundersInsiderdirector, 10 percent owner, officer: CEO
34.96%1.74Mfiled Feb 27, 2026
Sanctuary Advisors, LLCInstitution
3.90%194,097as of Jun 30, 2026
Pete LapaseotesInsiderdirector
3.71%184,965filed Nov 21, 2025
Vanguard Capital Management LLCInstitution
3.07%152,849as of Jun 30, 2026
Bard Associates IncInstitution
1.17%58,459as of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Not reported.