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Village Farms International, Inc. (VFF)

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Village Farms International, Inc. (VFF) reported revenue of $64 million for Q2 FY2026, the quarter ended 30 June 2026, up 6.8% on the same quarter a year earlier. Net income was $7 million, down 73.0% on the year, and diluted earnings per share $0.06. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$64 millionup 6.8%
Net income$7 milliondown 73.0%
Diluted EPS$0.06
QuarterQ2 FY2026ended 30 June 2026

Village Farms International (VFF) in brief

Village Farms International (VFF) reported revenue of $216 million for fiscal 2025, the year ended 31 December 2025, up 10.2% on the year before.
Read moreNet income was $32 million and diluted earnings per share $0.27. Revenue was $196 million in fiscal 2024, $163 million in fiscal 2023, $294 million in fiscal 2022 and $268 million in fiscal 2021. Net income in the same years was a loss of $36 million, a loss of $35 million, a loss of $101 million and a loss of $9 million. Revenue grew 4.9% a year, compounded, over the five years to fiscal 2025. Village Farms International had 122 million shares outstanding at the latest filed count. At 30 June 2026 it carried $40 million of debt and $73 million of cash. At the close of 30 October 2026 the market cap of Village Farms International was $305 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity0.13
Cash conversionn/a
Share count, last 12 months8.2%
Sales CAGR, 3 years-9.7%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 30 October 2026

Price$2.50
Market cap$305 million
Stock P/En/a
Price to book0.98
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$4.18
52-week low$1.84
Price, 1 year-18.6%
Price CAGR, 3 years51.4%
Price CAGR, 5 years-19.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Village Farms International, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
VFFgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on VFF

Dividendsno dividend in its filings for fiscal 2017 onward
Filings22 in twelve months: 16 current reports (8-K), about 10 regulation FD disclosure; 4 results of operations; 3 officer or director change; 3 material agreement; 1 shareholder vote
Planned insider sales1 Form 144 notice in twelve months, $85,360; latest 20 November 2025
Options tapeput/call 0.29 by open interest at the 30 October 2026 close; the straddle prices a 38.5% move to 20 November 2026
13F holders100 funds reported a position for the quarter to 30 June 2026; largest Citadel Advisors LLC
Insider trading6 sales and 4 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.9 million shares short, 7.04 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue72.472.870.282.971.169.564.777.269.574.278.153.654.982.639.759.966.7n/a50.264.0
Cost of revenue54.753.060.376.662.766.652.465.754.963.262.640.041.375.625.537.634.8n/a29.334.0
Gross profit17.719.99.96.38.42.912.311.514.611.015.513.613.66.914.222.331.9n/a21.030.0
Gross margin25%27%14%8%12%4%19%15%21%15%20%25%25%8%36%37%48%n/a42%47%
SG&A13.116.117.918.517.817.017.416.815.815.516.417.114.618.514.615.415.6n/a15.918.8
Operating incomen/an/an/an/an/an/an/an/a0.8n/an/an/a2.1n/a-0.46.9n/an/a5.011.2
Operating marginn/an/an/an/an/an/an/an/a1%n/an/an/a4%n/a-1%12%n/an/a10%17%
Interest expense0.60.90.70.71.00.91.11.41.01.00.90.90.80.80.70.80.6n/a0.50.5
Pre-tax income1.81.2-8.3-43.8-12.3-29.7-6.1-0.0-2.9-18.3-2.4-23.3-0.7-11.0-1.112.415.5n/a4.410.5
Tax rate60%-83%n/an/an/an/an/an/an/an/an/an/an/an/an/a20%30%n/a38%31%
Net income0.72.1-6.5-36.6-8.7-49.3-6.6-1.4-1.3-22.5-2.9-23.5-0.8-8.6-6.726.510.2n/a2.97.1
Net margin1%3%-9%-44%-12%-71%-10%-2%-2%-30%-4%-44%-1%-10%-17%44%15%n/a6%11%
Diluted EPS$0.01$0.04-$0.07-$0.41-$0.10-$0.55-$0.06-$0.01-$0.01-$0.20-$0.03-$0.21-$0.01-$0.08-$0.06$0.24$0.08n/a$0.02$0.06
Operating cash flow-5.9-18.5-9.60.6-4.2-6.7-3.7-1.612.1-1.5-0.15.74.30.4-6.4n/an/an/an/an/a
Capital expenditure3.86.55.35.02.61.41.11.51.82.21.93.03.31.91.22.81.8n/a9.26.2
Free cash flow-9.7-25.0-14.9-4.4-6.8-8.1-4.7-3.110.2-3.6-1.92.71.0-1.5-7.6n/an/an/an/an/a
Buybacks1.0n/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.0n/an/a6.40.4
Shares outstanding86m88m89m89m89m92m110m110m110m110m110m112m112m112m112m113m115m116m114m122m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue158150145170268294163196216n/a
Cost of revenue144141152159223266115150128n/a
Gross profit14.09.3-7.311.045.227.548.045.887.7n/a
Gross margin8.8%6.2%-5.1%6.4%16.9%9.4%29.4%23.4%40.6%n/a
Selling, general and administrative14.914.116.819.153.972.356.761.760.3n/a
Interest expense2.72.82.62.12.83.24.53.42.7n/a
Pre-tax income-5.5-9.8-3.58.8-12.7-96.7-27.4-37.331.4n/a
Income tax-0.8-2.3-5.9-2.8-3.54.77.5-1.710.4n/a
Effective tax raten/an/an/a-31.6%n/an/an/an/a33.1%n/a
Net income-4.8-7.52.311.6-9.1-101-34.8-35.932.4n/a
Net margin-3.0%-5.0%1.6%6.8%-3.4%-34.5%-21.3%-18.3%15.0%n/a
Diluted EPS-$0.12-$0.17$0.05$0.19-$0.11-$1.13-$0.32-$0.32$0.27n/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Cannabis Canada Business11414916475.8%
Produce Business28.728.926.312.2%
Cannabis United States20.317.414.46.7%
Cannabis Netherlands Segmentn/an/a9.94.6%
Energy Businessn/a0.81.60.8%
Cannabis Canada BusinessProduce BusinessCannabis United StatesCannabis Netherlands SegmentEnergy Business
163FY2023196FY2024216FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Village Farms International does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Cannabis Canada Business6.7-3.336.722.4%
Produce Business-3.10.5-1.9-7.4%
Cannabis United States0.2-1.0-0.6-3.9%
Cannabis Netherlands Segment-1.3-1.62.120.8%
Energy Business-0.10.61.380.3%
Cannabis Canada BusinessProduce BusinessCannabis United StatesCannabis Netherlands SegmentEnergy Business
2.4FY2023-4.8FY202437.5FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Cannabis Canada Business76%92%
Produce Business12%a loss
Cannabis United States7%a loss
Cannabis Netherlands Segment5%5%
Energy Business1%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow and capital returned

FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow0.7-4.7-14.45.7-39.6-19.95.310.349.7n/a
Capital expenditure1.73.12.33.421.714.33.67.218.2n/a
Free cash flow-1.0-7.8-16.72.3-61.2-34.21.73.231.5n/a
Free cash flow margin-0.6%-5.2%-11.5%1.3%-22.8%-11.6%1.0%1.6%14.6%n/a
Cash from investing-1.7-13.5-16.8-51.2-63.5-20.9-6.2-10.2n/an/a
Cash from financing2.823.031.458.61364.514.1-9.5n/an/a
Depreciation and amortisation7.77.07.46.812.713.114.116.716.4n/a
Share-based compensation1.51.54.76.17.54.03.13.71.7n/a
Buybacksn/an/an/an/a5.0n/an/an/a3.0n/a
Diluted shares, weighted39m44m51m61m82m89m109m111m119m125m
Shares outstanding at period endn/a48m53m67m88m92m110m112m116m122m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity66.984.4126205408303300254300312
Non-controlling interestn/an/an/an/an/a0.80.60.0n/an/a
Redeemable equityn/an/an/an/a16.416.215.710.010.26.4
Debtn/a35.732.481.469.660.152.144.633.740.0
Operating lease liabilitiesn/an/a2.72.9n/an/an/an/an/an/a
Finance lease liabilitiesn/a0.10.00.0n/an/an/an/an/an/a
Other liabilitiesn/a21.221.864.572.585.296.080.879.469.9
Total liabilities and equityn/a141183354567465464389423428
Owned
Fixed assetsn/a72.263.2187216208206175186190
Goodwilln/an/an/a24.011866.255.942.344.442.8
Intangible assetsn/an/an/a17.326.437.232.325.123.621.1
Cash and equivalents7.111.912.021.653.416.730.324.681.272.9
Receivablesn/a11.39.023.234.427.630.622.223.232.4
Inventoryn/a25.015.946.668.770.678.541.341.546.7
Other assetsn/a21.183.334.250.839.430.958.623.522.5
Total assetsn/a141183354567465464389423428
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a4.9%-9.7%n/a
Profit growth, compoundedn/a22.8%n/an/a
Return on equity, average-6.6%-10.1%-5.0%10.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Village Farms International's revenue in fiscal 2025?

Village Farms International (VFF) reported revenue of $216 million for fiscal 2025, the year ended 31 December 2025, up 10.2% on the year before.

How much did Village Farms International earn in fiscal 2025?

Net income was $32 million for fiscal 2025, and diluted earnings per share $0.27.

What is Village Farms International's market cap?

The market cap of Village Farms International was $305 million at the close of 30 October 2026.

How much debt does Village Farms International have?

At 30 June 2026 Village Farms International carried $40 million of debt and $73 million of cash.

Peers: Agriculture

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corteva, Inc. CTVA$7.8 billion7.714.0%n/a3.7%0.196.2%
Cal-Maine Foods Inc. CALM$3.0 billion50.842.3%0.7%-42.5%0.003.9%
Del Monte Corp. DMC$1.3 billion15.994.0%2.9%1.4%0.254.4%
Dole plc DOLE$1.2 billion21.094.5%1.7%8.3%0.78n/a
BrightView Holdings, Inc. BV$1.1 billionn/a1.6%3.5%1.4%0.71n/a
Mission Produce, Inc. AVO$1.0 billion383.330.2%1.8%-6.2%0.52n/a
Village Farms International, Inc. VFF$305 millionn/an/an/an/a0.13n/a
Limoneira Co. LMNR$194 millionn/a-28.3%-35.9%-19.9%0.672.8%
4 companies share its SEC industry code (Agricultural Production-Crops); the rest are the names nearest in size in its wider industry, Agriculture, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202512 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K/A31 December 202425 April 2025EDGAR
10-K31 December 202413 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR