Where Food Comes From
Audits food-production claims and supports certification, labels, and technology across North America.
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Profile
Auditing and certifying food-production claims around organic, animal welfare, source, and sustainability practices. Work spans verification services, certification programs, labels, and supporting technology; the founder-led business reports a single Verification and Certification segment.
Audits food and agricultural production claims through on-site and desk reviews, helping customers substantiate organic, animal-welfare, source, and sustainability claims. Its five divisions include IMI Global for livestock and source/process verification, WFCF Organic for organic certification, Validus for welfare and food-safety auditing, SureHarvest for sustainability and compliance tools, and Postelsia for place-based seafood sustainability.
Operations span the North American food chain, serving producers through retailers and related organizations. A reorganization brought business units into one Verification and Certification segment. Credibility depends on independent audits and retention of qualified technical and senior personnel.
Company facts
Key statistics
Year to date +12.7% · Average volume (30d) 4.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.05 | $0.08 | +60.0% | $4.9M | $6.6M | +34.9% | −0.63% |
| Feb 26, 2026Q4 FY25 | — | −$0.04 | — | — | $6.0M | — | +3.14% |
| Nov 13, 2025Q3 FY25 | — | $0.22 | — | — | $7.0M | — | +1.44% |
| Aug 7, 2025Q2 FY25 | — | $0.11 | — | — | $6.6M | — | +1.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $6.6M | $7.0M | $6.0M | $5.4M | $6.6M | |
| Gross profit | $2.2M | $2.5M | $2.7M | $2.2M | $2.0M | $2.7M | |
| Operating income | $142.0K | $549.0K | $575.0K | −$60.0K | $298.0K | $665.0K | |
| Net income | $31.0K | $562.0K | $1.1M | −$203.0K | $92.0K | $413.0K | |
| Diluted EPS | $0.01 | $0.11 | $0.22 | −$0.04 | $0.02 | $0.08 | |
| Gross margin | 41.6% | 37.5% | 38.3% | 35.9% | 38.1% | 40.6% | |
| Operating margin | 2.7% | 8.4% | 8.2% | -1.0% | 5.6% | 10.1% |
Fiscal years (4-quarter sums)FY21 $21.9M · FY22 $24.8M · FY23 $25.1M · FY24 $25.7M · FY25 $24.9M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $3.4M · Total debt $729.0K · Total assets $13.6M · Shareholders' equity $8.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.04M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| John K. Saunders · director, 10 percent owner, officer: CEO | 1.74M | 34.55% | Form 4 | Feb 27, 2026 |
| Leann Saunders · director, 10 percent owner, officer: COO | 1.74M | 34.55% | Form 4 | Feb 27, 2026 |
| Sanctuary Advisors, LLC | 194.1K | 3.85% | 13F | May 5, 2026 |
| Pete Lapaseotes · director | 185.0K | 3.67% | Form 4 | Nov 21, 2025 |
| Vanguard Capital Management LLC | 148.3K | 2.94% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
Not reported.