WFCF (Where Food Comes From, Inc.) Stock Financials & Earnings | Market Cap Arena

WFCF (Where Food Comes From, Inc.) Stock Financials & Earnings | Market Cap Arena

WFCFWhere Food Comes From, Inc.

Mkt Cap$61M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Revenue (TTM)$25M

Net Income (TTM)$2M

EPS (TTM)$0.30

Free Cash Flow (TTM)$1M

Gross Margin38.2%

Op. Margin4.8%

Net Margin6.2%

FCF Margin5.8%

P/S Ratio (TTM)2.5x

P/E Ratio (TTM)40.0x

YoY Rev Growth-3.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$5M	$2M	$155K
Q2 23	$6M	$3M	$673K
Q3 23	$7M	$3M	$946K
Q4 23	$7M	$3M	$923K
Q1 24	$6M	$2M	$261K
Q2 24	$6M	$3M	$583K
Q3 24	$7M	$3M	$608K
Q4 24	$7M	$3M	$755K
Q1 25	$5M	$2M	$142K
Q2 25	$7M	$2M	$549K
Q3 25	$7M	$3M	$575K
Q4 25	$6M	$2M	-$60K

Valuation

Quarter	P/S	P/E
Q1 23	2.6x	38.0x
Q2 23	2.5x	31.9x
Q3 23	2.5x	32.9x
Q4 23	2.4x	28.6x
Q1 24	2.4x	27.8x
Q2 24	2.4x	28.4x
Q3 24	2.4x	31.8x
Q4 24	2.4x	29.0x
Q1 25	2.4x	31.1x
Q2 25	2.4x	30.0x
Q3 25	2.4x	22.8x
Q4 25	2.5x	40.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$473K	$466K
Q2 23	$822K	$802K
Q3 23	$1M	$1M
Q4 23	$209K	$148K
Q1 24	$700K	$676K
Q2 24	$1M	$1M
Q3 24	$912K	$873K
Q4 24	-$50K	-$79K
Q1 25	$632K	$603K
Q2 25	$1M	$1M
Q3 25	$501K	$443K
Q4 25	-$707K	-$741K

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$7K
Q2 23	$20K
Q3 23	$60K
Q4 23	$61K
Q1 24	$24K
Q2 24	$67K
Q3 24	$39K
Q4 24	$29K
Q1 25	$29K
Q2 25	$34K
Q3 25	$58K
Q4 25	$34K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-14.4%	-7.6%
Q2 23	+14.9%	+8.7%
Q3 23	-3.5%	-2.0%
Q4 23	+10.5%	+6.5%
Q1 24	+6.0%	+4.1%
Q2 24	+4.4%	+6.6%
Q3 24	+1.4%	+7.2%
Q4 24	-1.0%	+1.7%
Q1 25	-5.5%	-3.6%
Q2 25	+2.6%	+3.5%
Q3 25	-1.3%	-0.9%
Q4 25	-9.3%	+3.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$15K	0.3%
Q2 23	$17K	0.3%
Q3 23	$6K	0.1%
Q4 23	$40K	0.6%
Q1 24	$11K	0.2%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$23K	0.3%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M
Q4 25	$2M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	-14.4%	7.3%	-7.2
Q2 23	14.9%	14.7%	29.6
Q3 23	-3.5%	15.7%	12.2
Q4 23	10.5%	15.9%	26.4
Q1 24	6.0%	7.5%	13.4
Q2 24	4.4%	11.6%	15.9
Q3 24	1.4%	11.7%	13.0
Q4 24	-1.0%	23.0%	22.0
Q1 25	-5.5%	4.6%	-0.9
Q2 25	2.6%	14.2%	16.8
Q3 25	-1.3%	25.3%	24.0
Q4 25	-9.3%	-1.1%	-10.4

Revenue Segments

Quarter	Consulting Revenue	Product Sales	Verification And Certification Service Revenue	Professional Services	Verification and Certification Service Revenue	Product
Q3 23	$431K	$1M	$5M	—	—	—
Q2 24	—	$819K	—	$324K	$5M	—
Q3 24	—	$1M	—	$292K	$5M	—
Q2 25	—	—	—	$266K	$5M	$964K
Q3 25	—	—	—	$257K	$6M	$1M
Q4 25	—	—	—	$262K	$5M	$748K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$3M	$0	$3M
Q2 23	$3M	$0	$3M
Q3 23	$4M	$0	$4M
Q4 23	$3M	$0	$3M
Q1 24	$2M	$0	$2M
Q2 24	$3M	$0	$3M
Q3 24	$3M	$0	$3M
Q4 24	$2M	$0	$2M
Q1 25	$2M	$0	$2M
Q2 25	$3M	$0	$3M
Q3 25	$5M	$0	$5M
Q4 25	$3M	$0	$3M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	6M	-1.5%
Q2 23	6M	-1.1%
Q3 23	6M	-1.3%
Q4 23	6M	-1.1%
Q1 24	6M	-1.7%
Q2 24	5M	-2.0%
Q3 24	5M	-0.6%
Q4 24	5M	-0.4%
Q1 25	5M	-1.9%
Q2 25	5M	+1.0%
Q3 25	5M	+0.3%
Q4 25	5M	-3.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$191K	46
FY 15	$212K	49
FY 16	$194K	60
FY 17	$245K	63
FY 18	$283K	63
FY 19	$315K	66
FY 20	$295K	68
FY 21	$252K	87
FY 22	$267K	93
FY 23	$246K	102
FY 24	$250K	103
FY 25	$242K	103