Village Farms International, Inc.VFFEarnings & Financial Report
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
Revenue
$77.1M
Gross Profit
$11.3M
Operating Profit
$-6.1M
Net Profit
$-6.7M
Gross Margin
14.7%
Operating Margin
-8.0%
Net Margin
-8.7%
YoY Growth
-1.3%
EPS
$-0.06
Financial Flow
Village Farms International, Inc. Q1 2025 Financial Summary
Village Farms International, Inc. reported revenue of $77.1M (down 1.3% YoY) for Q1 2025, with a net profit of $-6.7M (down 135.0% YoY) (-8.7% margin). Cost of goods sold was $65.7M, operating expenses totaled $17.5M.
Key Financial Metrics
| Total Revenue | $77.1M |
|---|---|
| Net Profit | $-6.7M |
| Gross Margin | 14.7% |
| Operating Margin | -8.0% |
| Report Period | Q1 2025 |
Revenue Breakdown
Village Farms International, Inc. Q1 2025 revenue of $77.1M breaks down across 5 segments, led by Produce Business at $37.4M (48.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Produce Business | $37.4M | 48.6% |
| Branded Sales | $22.8M | 29.5% |
| Non-Branded Sales | $6.3M | 8.1% |
| International Sales | $5.4M | 7.0% |
| Cannabis United States Segment | $3.9M | 5.1% |
Village Farms International, Inc. Revenue by Segment — Quarterly Trend
Village Farms International, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Produce Business and Branded Sales) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Produce Business | — | $12.8M | $8.6M | $37.4M |
| Branded Sales | — | $26.8M | $25.0M | $22.8M |
| Non-Branded Sales | — | $7.3M | $7.1M | $6.3M |
| International Sales | $8.7M | $11.9M | $12.0M | $5.4M |
| Cannabis United States Segment | $3.4M | $3.3M | $3.8M | $3.9M |
Village Farms International, Inc. Annual Revenue by Year
Village Farms International, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $215.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $215.9M |
| 2024 | $195.9M |
| 2023 | $163.1M |
| 2022 | $293.6M |
Village Farms International, Inc. Quarterly Revenue & Net Profit History
Village Farms International, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $12.2M | +31.5% | $2.4M | 19.9% |
| Q3 2025 | $66.7M | +21.5% | $10.2M | 15.3% |
| Q2 2025 | $59.9M | +11.8% | $26.5M | 44.2% |
| Q1 2025 | $77.1M | -1.3% | $-6.7M | -8.7% |
| Q4 2024 | $9.3M | +119.3% | $-8.6M | -92.8% |
| Q3 2024 | $54.9M | -21.0% | $-820.0K | -1.5% |
| Q2 2024 | $53.6M | -30.6% | $-23.5M | -43.9% |
| Q1 2024 | $78.1M | +20.8% | $-2.9M | -3.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $78.1M | $53.6M | $54.9M | $9.3M | $77.1M | $59.9M | $66.7M | $12.2M |
| YoY Growth | 20.8% | -30.6% | -21.0% | 119.3% | -1.3% | 11.8% | 21.5% | 31.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $458.4M | $425.4M | $417.8M | $389.3M | $377.1M | $403.7M | $418.4M | $423.1M |
| Liabilities | $146.0M | $139.3M | $132.9M | $125.3M | $119.2M | $109.6M | $113.0M | $113.0M |
| Equity | $296.2M | $275.2M | $274.4M | $254.0M | $248.3M | $284.3M | $295.4M | $299.9M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $-50000 | $5.7M | $4.3M | $412000 | $-6.4M | $24.4M |