Where Food Comes From, Inc. Income Statement
WFCF|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Where Food Comes From, Inc. reported $26M in revenue and $2M in net income for FY2025. Revenue has grown at a 15.9% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.11 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.7M | $25.1M | $24.8M | $21.9M | $20.1M | $20.8M | $17.8M | $15.4M | $11.6M | $10.4M | $8.8M | $5.8M | $5.3M | $4.2M | $3.3M |
| Cost of Revenue | $15.2M | $14.6M | $14.4M | $12.2M | $11.1M | $11.7M | $10.1M | $8.6M | $6.2M | $5.5M | $5.0M | $3.1M | $2.4M | $1.9M | $1.5M |
| Gross Profit | $10.6M | $10.5M | $10.5M | $9.7M | $8.9M | $9.1M | $7.7M | $6.8M | $5.4M | $4.9M | $3.8M | $2.7M | $2.8M | $2.3M | $1.8M |
| SG&A Expense | $8.4M | $7.8M | $7.8M | $7.4M | $7.2M | $7.5M | $6.9M | $6.7M | $4.8M | $4.1M | $3.4M | $2.7M | $2.3M | $1.7M | $1.4M |
| Operating Income | $2.2M | $2.7M | $2.7M | $2.3M | $1.7M | $1.6M | $874.6K | $82.2K | $634.5K | $795.2K | $344.7K | $27.3K | $488.3K | $676.5K | $359.5K |
| Interest Expense | $4.0K | $5.0K | $3.0K | $6.0K | $13.0K | $10.0K | $4.8K | $1.6K | $1.5K | $1.6K | $9.8K | $33.6K | $25.9K | $29.5K | $33.4K |
| Income Tax | $859.0K | $913.0K | $822.0K | $659.0K | $462.0K | $460.0K | $309.0K | $266.2K | $235.5K | $298.1K | $140.9K | -$1.8K | -$391.5K | -$224.3K | -$224.3K |
| Net Income | $2.1M | $2.2M | $2.0M | $3.0M | $1.4M | $1.3M | $800.7K | $142.3K | $433.2K | $533.9K | $229.1K | -$33.6K | $870.4K | $864.5K | $327.8K |
| EPS (Basic) | $0.40 | $0.39 | $0.34 | $0.49 | $0.23 | $0.22 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.04 | $0.04 | $0.02 |
| EPS (Diluted) | $0.40 | $0.39 | $0.33 | $0.48 | $0.22 | $0.22 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.04 | $0.04 | $0.02 |
| Shares Outstanding | 5.2M | 5.5M | 5.8M | 6.1M | 6.1M | 6.2M | 25.0M | 24.7M | 24.6M | 23.7M | 23.7M | 2.6M | 21.3M | 20.6M | 20.8M |
| Gross Margin | 41.0% | 41.9% | 42.1% | 44.4% | 44.5% | 43.7% | 43.5% | 44.1% | 46.6% | 46.7% | 42.9% | 46.7% | 53.8% | 55.5% | 55.0% |
| Operating Margin | 8.6% | 10.7% | 10.7% | 10.5% | 8.4% | 7.5% | 4.9% | 0.5% | 5.5% | 7.6% | 3.9% | 0.5% | 9.3% | 16.0% | 11.0% |
| Profit Margin | 8.2% | 8.6% | 8.0% | 13.5% | 6.9% | 6.5% | 4.5% | 0.9% | 3.7% | 5.1% | 2.6% | -0.6% | 16.5% | 20.4% | 10.0% |