Where Food Comes From, Inc.

Where Food Comes From, Inc. (NASDAQ: WFCF) operates as a leading independent third-party verification and traceability provider for food production practices across North America. The company's website is located at www.wherefoodcomesfrom.com.

Founded in 1996 and incorporated in Colorado, WFCF supports approximately 17,500 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs and restaurants. The company conducts both on-site and desk audits to verify that claims made about livestock, aquaculture, crops and other food products are accurate and substantiated.

The company's revenue streams consist of three primary segments. Verification and certification services represent the largest revenue component at approximately 80.8 percent of total revenue, encompassing fees for verification audits and certification-related services across hundreds of claims, programs and markets. Product sales, primarily cattle identification ear tags, account for approximately 14.5 percent of revenue. Professional services including consulting, data analysis, reporting and technology solutions comprise the remainder.

WFCF's verification scope covers beef, lamb, pork, poultry, fish, dairy, eggs, fresh produce, nuts, grains, wine and finished products. The company offers solutions throughout the entire food supply chain, from feed and input ingredient providers through farmers, producers, packers, processors, handlers, distributors, restaurants and retailers. The Source Verified retail and restaurant labeling program connects consumers directly to food sources through product labeling and web-based information sharing.

As of December 31, 2025, the company employed 100 total employees, of which 89 were full-time, with approximately 84 percent comprising female and other minority employees. The company generated total revenue of $24.9 million in 2025, representing a 19-year compounded annual growth rate of approximately 17.87 percent since 2006. No single customer generated more than 10 percent of consolidated revenue in 2025 or 2024.

The company competes with approximately eight key competitors in the verification services industry and differentiates through comprehensive on-farm verification expertise, bundled service offerings and deep understanding of complex compliance challenges across diverse food production standards and guidelines.