Where Food Comes From (WFCF)
NASDAQ:WFCF
Want to see WFCF full AI Analyst Report?
Top Page
Where Food Comes From
(NASDAQ:WFCF)
Select Model
Select Model
Rating:58Neutral
Price Target:
$12.50
▲(12.11% Upside)
Action:Reiterated
Date:05/19/26
The score is anchored by stable financial health (low leverage and continued profitability) and a moderately positive earnings-call outlook (program traction and buybacks). Offsetting these positives are weak technical momentum (below key moving averages with negative MACD) and a very high P/E that leaves little valuation cushion.
Positive Factors
Conservative balance sheet and low leverage
Low leverage and substantial equity provide durable financial flexibility, lowering solvency risk and enabling continued investment or buybacks without relying on costly debt. This conservatism supports operations through industry cycles and funds program development and traceability investments over months to years.
Negative Factors
Margin compression and lower profitability
Declining gross and net margins indicate pressure on pricing or cost structure that can erode the company's ability to convert revenue into sustainable profits. If margins remain below historical norms, reinvestment, program development, and buybacks may be constrained over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Low leverage and substantial equity provide durable financial flexibility, lowering solvency risk and enabling continued investment or buybacks without relying on costly debt. This conservatism supports operations through industry cycles and funds program development and traceability investments over months to years.
Read all positive factors
Where Food Comes From (WFCF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$64.96M
Dividend YieldN/A
Average Volume (3M)3.42K
Price to Earnings (P/E)182.9
Beta (1Y)0.19
Revenue Growth-1.78%
EPS Growth-18.81%
CountryUS
Employees93
SectorIndustrials
Sector Strength72
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.31
Shares Outstanding5,039,276
10 Day Avg. Volume1,853
30 Day Avg. Volume3,425
Financial Highlights & Ratios
PEG Ratio-1.54
Price to Book (P/B)6.36
Price to Sales (P/S)2.38
P/FCF Ratio40.77
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit6.68
Enterprise Value/Ebitda33.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Where Food Comes From Business Overview & Revenue Model
Company Description
Where Food Comes From, Inc., together with its subsidiaries, provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. The company operates through Verification and Certification, a...
How the Company Makes Money
WFCF primarily makes money by selling verification/certification and audit services tied to specific production and marketing claims in the food and livestock supply chain. Key revenue streams include: (1) Program and licensing/verification fees: ...
Where Food Comes From Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized returning to profitability, sequential revenue growth (verification up 6%, total revenue nearly +2%), successful product/program launches (Raise Well) and diversification gains in non-beef lines, alongside an active share repurchase program. However, persistent headwinds — tariffs, smaller herd sizes, declining cattle volumes — and a nearby animal disease outbreak represent meaningful risks that could offset near-term momentum. Overall, positives (profitability, program adoption, traceability capabilities and buybacks) outweigh the challenges, though risks require monitoring.Positive Updates
Revenue Growth and Return to Profitability
Company returned to profitability in Q1 FY2026. Verification and certification revenue reported as up 6% to $4.4M (from $4.2M). Product sales edged up to $713K (from $702K), roughly +1.6% year-over-year. Total revenue increased nearly 2% YoY to $5.4M.
Negative Updates
Persistent Industry Headwinds
Management cited ongoing headwinds from tariffs and a smaller herd size that pressured volumes and market conditions for the cattle industry.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth and Return to Profitability
Company returned to profitability in Q1 FY2026. Verification and certification revenue reported as up 6% to $4.4M (from $4.2M). Product sales edged up to $713K (from $702K), roughly +1.6% year-over-year. Total revenue increased nearly 2% YoY to $5.4M.
Read all positive updates
Company Guidance
Management's guidance was directional and optimistic: they expect to continue to profitably grow the business and to keep repurchasing stock (Q1 buybacks of 24,469 shares for $293,000; total buybacks of 1,399,121 shares for ~ $15.5 million since plan inception), building on Q1 results that showed verification and certification revenue up 6% YoY to $4.4M (from $4.2M), product sales of $713K (vs. $702K) and total revenue nearly +2% YoY to $5.4M; near‑term growth levers cited include the Q1 launch of the Raise Well program (Whole Foods as a first major retailer, now generating "meaningful revenue"), expanding non‑beef verifications (pork, dairy, eggs) and certifications (organic, non‑GMO, gluten‑free, upcycled), and leveraging IMI Global and the Pattletrace partnership for disease‑response traceability — even as management acknowledges headwinds from tariffs, a smaller herd and lower cattle volumes (and temporary tag subsidies).Where Food Comes From Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
83
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.98M | 24.89M | 25.75M | 25.14M | 24.84M | 21.93M |
| Gross Profit | 9.36M | 9.51M | 10.56M | 10.52M | 10.47M | 9.74M |
| EBITDA | 1.84M | 1.86M | 3.63M | 3.33M | 3.53M | 4.42M |
| Net Income | 1.60M | 1.54M | 2.12M | 2.15M | 1.99M | 2.96M |
Balance Sheet | ||||||
| Total Assets | 13.23M | 12.90M | 15.31M | 16.29M | 18.30M | 19.78M |
| Cash, Cash Equivalents and Short-Term Investments | 3.28M | 3.20M | 2.01M | 2.64M | 4.37M | 5.41M |
| Total Debt | 837.00K | 1.44M | 2.55M | 2.80M | 3.13M | 3.55M |
| Total Liabilities | 4.03M | 3.59M | 5.37M | 5.47M | 5.82M | 6.04M |
| Stockholders Equity | 9.20M | 9.30M | 9.93M | 10.82M | 12.48M | 13.75M |
Cash Flow | ||||||
| Free Cash Flow | 1.22M | 1.45M | 2.57M | 2.67M | 2.39M | 2.81M |
| Operating Cash Flow | 1.50M | 1.61M | 2.73M | 2.82M | 2.65M | 3.02M |
| Investing Cash Flow | 1.56M | 1.68M | -159.00K | -648.00K | -267.00K | -3.00K |
| Financing Cash Flow | -2.02M | -2.10M | -3.20M | -3.90M | -3.43M | -1.98M |
Where Food Comes From Technical Analysis
Neutral
11.15
Price Trends
12.72
Negative
12.17
Positive
12.26
Positive
Market Momentum
-0.12
Positive
48.86
Neutral
48.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WFCF, the sentiment is Neutral. The current price of 11.15 is below the 20-day moving average (MA) of 12.95, below the 50-day MA of 12.72, and below the 200-day MA of 12.26, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 48.86 is Neutral, neither overbought nor oversold. The STOCH value of 48.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WFCF.
Where Food Comes From Risk Analysis
Where Food Comes From disclosed 21 risk factors in its most recent earnings report. Where Food Comes From reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Where Food Comes From Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $64.96M | 182.90 | 15.69% | ― | -1.78% | -18.81% | |
52 Neutral | $99.91M | -0.04 | -30.01% | ― | 571.11% | -99.00% | |
49 Neutral | $41.30M | -2.80 | -11.23% | ― | -18.57% | 38.84% | |
44 Neutral | $12.61M | -0.41 | 356.16% | ― | 55.81% | 30.17% | |
44 Neutral | $27.11M | -2.19 | -97.07% | ― | ― | ― |
* Industrials Sector Average
WFCF
Where Food Comes From
12.46
2.39
23.73%
PHUN
Phunware
2.06
-1.09
-34.60%
SURG
SurgePays
0.51
-2.64
-83.92%
NXTT
Next Technology Holding
1.30
-422.70
-99.69%
YXT
YXT.COM Group Holding Limited Sponsored ADR
0.45
-0.53
-54.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.