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
$66.7M
Gross Profit
$31.9M
Operating Profit
$15.5M
Net Profit
$10.2M
Gross Margin
47.9%
Operating Margin
23.3%
Net Margin
15.3%
YoY Growth
21.5%
EPS
$0.08
Financial Flow
Village Farms International, Inc. Q3 2025 Financial Summary
Village Farms International, Inc. reported revenue of $66.7M (up 21.5% YoY) for Q3 2025, with a net profit of $10.2M (up 1346.0% YoY) (15.3% margin). Cost of goods sold was $34.8M, operating expenses totaled $16.4M.
Key Financial Metrics
| Total Revenue | $66.7M |
|---|---|
| Net Profit | $10.2M |
| Gross Margin | 47.9% |
| Operating Margin | 23.3% |
| Report Period | Q3 2025 |
Revenue Breakdown
Village Farms International, Inc. Q3 2025 revenue of $66.7M breaks down across 6 segments, led by Branded Sales at $26.8M (40.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Branded Sales | $26.8M | 40.2% |
| Produce Business | $12.8M | 19.2% |
| International Sales | $11.9M | 17.8% |
| Non-Branded Sales | $7.3M | 11.0% |
| Cannabis Netherlands Segment | $3.6M | 5.4% |
| Cannabis United States Segment | $3.3M | 5.0% |
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 Branded Sales and Produce Business) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Branded Sales | — | $26.8M | $25.0M | $22.8M |
| Produce Business | — | $12.8M | $8.6M | $37.4M |
| International Sales | $8.7M | $11.9M | $12.0M | $5.4M |
| Non-Branded Sales | — | $7.3M | $7.1M | $6.3M |
| Cannabis Netherlands Segment | — | $3.6M | $2.5M | — |
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 |