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Companies / Information Technology / Where Food Comes From, Inc.
WFCF

Where Food Comes From, Inc.

Information TechnologyPrepackaged Software
Ticker WFCFCASTLE ROCK, COFiscal year ends DecemberBook value per share $1.74Diluted shares 5.1M

Where Food Comes From, Inc. (Nasdaq: WFCF) provides independent third-party verification and certification of food production practices and product claims across North America. Its auditors conduct on-site and desk reviews of farms, ranches, processors and other operations, assessing claims such as source, animal… From the company’s description.

Over the twelve months to Jun 30, 2026, Where Food Comes From, Inc. reported revenue of $25.03M, down 2.2% from a year earlier, and net income of $1.45M. Its operating margin was 5.9%, and operations generated $1.25M in cash. In fiscal 2025, it reported revenue of $24.89M, down 3.3% from fiscal 2024, and net income of $1.54M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$24.89MFY2025
−3.3% year over year
Last 12 mo $25.03M
4.84%FY2025
−3.7 percentage points
Last 12 mo 5.90%
$1.54MFY2025
−27.5% year over year
Last 12 mo $1.45M
16.51%FY2025
−4.8 percentage points
Last 12 mo 16.41%
Cash & financing
$1.61MFY2025
−41.1% year over year
Last 12 mo $1.25M
$1.45MFY2025
−43.5% year over year
Last 12 mo $1.01M
0.00FY2025
Was 0.00× a year earlier
Last 12 mo 0.00
5.2MFY2025
−3.2% year over year
Last 12 mo 5.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Where Food Comes From, Inc. does

In the company’s own words

Where Food Comes From, Inc. (Nasdaq: WFCF) provides independent third-party verification and certification of food production practices and product claims across North America. Its auditors conduct on-site and desk reviews of farms, ranches, processors and other operations, assessing claims such as source, animal care, sustainability, non-GMO and gluten-free; customers include producers, food brands, packers, retailers, distributors, restaurants and trade associations. The company also offers consulting, data analysis, reporting and technology services, and sells cattle identification ear tags. Its Where Food Comes From Source Verified® program links product attributes to consumer-facing labels and online information. Verification and certification generated 80.8% of 2025 revenue, while product sales contributed approximately 14.5%; professional services provide additional revenue. The company supports more than 17,500 participants across the food and agriculture supply chain and had 100 employees at year-end 2025. Founded in 1996, it expanded from beef source and age verification into services covering multiple food groups, including through acquisitions. Its website is www.wherefoodcomesfrom.com.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
CASTLE ROCK, CO
Fiscal year end
December
CIK
1360565
SIC
7372

Financial performance, year by year

Fiscal 2011–2025 · USD
$-2.76M$5.01M$12.79M$20.56M$28.34M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Where Food Comes From, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

9
funds hold it
0 of 35
superinvestors hold it
$2.26M
held by funds, at market
3.6%
of shares held by funds

Largest fund holders · Where Food Comes From, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Where Food Comes From, Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Where Food Comes From, Inc.'s last four quarterly filings that the numbers alone won't show?”
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