Earnings release
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Where Food Comes From , Inc. Reports Second Quarter Financial Results Second Quarter Highlights – 2026 vs. 2025 • Verification and certification revenue : $ 5,389,000 vs. $ 5,332,000 Product sales : $ 937,000 vs. $ 964,000 Total revenue : $ 6,611,000 vs. $ 6,562,000 • Income from operations : $ 665,000 vs. $ 549,000 • Net income : $ 413,000 vs. $ 562,000 • Exhibit 99.1 Diluted EPS : $ 0.08 vs. $ 0.11 Company returns $ 809,000 in value to stockholders through buyback of 65,012 shares $ 17.2 million in total value returned to shareholders over past seven years through buybacks and special dividend Six - Month Highlights – 2026 vs. 2025 • • Verification and certification revenue : $ 9,813,000 vs. $ 9,514,000 Product sales : $ 1,650,000 vs. $ 1,666,000 Total revenue : $ 11,976,000 vs. $ 11,835,000 Operating income : $ 963,000 vs. $ 691,000 Net income : $ 505,000 vs. $ 593,000 • • · • • Cash generated from operations : $ 1.5M vs. $ 1.8M • Cash & cash equivalents : $ 3,417,000 at June 30 vs. $ 3,200,000 at 2025 year - end Diluted EPS : $ 0.10 vs. $ 0.11 • Stock buybacks : 89,481 shares CASTLE ROCK , Colo . , Aug. 06 , 2026 ( GLOBE NEWSWIRE ) - Where Food Comes From , Inc. ( WFCF ) ( Nasdaq : WFCF ) , the most trusted resource for independent , third - party verification of food production practices in North America , today announced financial results for its second quarter and six - month period ended June 30 , 2026 . “ We are pleased to report another quarter of modest revenue growth and solid profitability despite continued economic and industry headwinds , " said John Saunders , Chairman and CEO . “ Pressure on our beef business related to record high beef prices and smaller herd sizes has been largely offset by growing consumer demand for premium verified beef products and our introduction of Raise WellⓇ Certified , a new standard that addresses consumer and retailer demand for responsibly raised proteins . Adopted by Whole Foods Market as an approved animal welfare certification for its beef supply , the RaiseWell program is showing solid growth with more than 270,000 head of cattle now enrolled . In addition , our non - beef verification programs – including non - GMO , Gluten Free , Organic , Upcycled and others continue to grow and augment our traditional beef revenue streams . " Total revenue grew 1 % in the second quarter but gross profit grew by 9 % due to cost efficiencies in all three business segments , which resulted in gross margins of 40.6 % in Q2 , up from 37.5 % in the same quarter last year . Operating income increased 21 % year over year to $ 665,000 from $ 549,000 . We experienced a non - cash negative swing of $ 240,000 in fair market value of our digital assets in Q2 , which lowered reported net income to $ 413,000 , or $ 0.08 per share , compared to net income of $ 562,000 , or $ 0.11 per share , in the same quarter last year . Finally , we continued to aggressively buy back our shares in the quarter and are pleased to report that since 2019 we have returned more than $ 17 million in value to stockholders through buybacks and a special dividend . "