WFCF
Where Food Comes From, Inc.
WFCF's fundamentals are mixed, but it looks expensive: trading at 74x earnings, about twice its usual 34x. Its downside scenario is about four times its upside.
WFCF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
WFCF's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
WFCF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 28x | $6.44 | -62% |
| Fair | 34x | $7.86 | -54% |
| Expensive | 46x | $10.59 | -38% |
| Current | 74x | $17.06 | — |
Historical ranges are pointers, not guarantees.
WFCF's PE is in its expensive range at 74x.
WFCF Forward outlook
There aren't enough analyst estimates for WFCF to show an outlook.
WFCF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.23 | -57% |
| Q2 2026 | $0.28 | -30% |
| Q1 2026 | $0.31 | -18% |
| Q4 2025 | $0.30 | -25% |
| Q3 2025 | $0.53 | +47% |
| Q2 2025 | $0.40 | 0% |
| Q1 2025 | $0.38 | -5% |
| Q4 2024 | $0.40 | +2.6% |
WFCF's earnings per share have fallen from their peak: $0.23 over the past year, against $0.53 in late 2025.
WFCF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.3M | +4.4% |
| Q2 2026 | $6.6M | +0.7% |
| Q1 2026 | $5.4M | +1.7% |
| Q4 2025 | $6M | -9.3% |
| Q3 2025 | $7M | -1.3% |
| Q2 2025 | $6.6M | +2.6% |
| Q1 2025 | $5.3M | -5.5% |
| Q4 2024 | $6.7M | -1% |
WFCF's revenue grew through 2022 and has held roughly level since: $7M last quarter, up 4.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +5 points |
| Q2 2026 | 10% | +1.7 points |
| Q1 2026 | 5.5% | +2.9 points |
| Q4 2025 | -1% | -12 points |
| Q3 2025 | 8.2% | -0.4 points |
| Q2 2025 | 8.4% | -0.8 points |
| Q1 2025 | 2.7% | -2 points |
| Q4 2024 | 11% | -2.4 points |
WFCF's operating margin was 13% last quarter, up 5 points from the same quarter a year ago.
WFCF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3M | +191% |
| Q2 2026 | $930K | -19% |
| Q1 2026 | $375K | -38% |
| Q4 2025 | -$741K | -$662K |
| Q3 2025 | $443K | -49% |
| Q2 2025 | $1.1M | +4.2% |
| Q1 2025 | $603K | -11% |
| Q4 2024 | -$79K | -153% |
WFCF still generates free cash flow, though less than at its 2021 peak: $2M over the past year.
WFCF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -45K shares |
| 1 year | -5.9% | -311K shares |
| 3 years | -12% | -672K shares |
| 5 years | -19% | -1.2M shares |
| Available history | -20% | -1.3M shares |
WFCF has 5M diluted shares, down 5.9% from a year ago, with $2M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $268,000 |
| Q2 2026 | $809,000 |
| Q1 2026 | $293,000 |
| Q4 2025 | $814,000 |
| Q3 2025 | $718,000 |
| Q2 2025 | $251,000 |
| Q1 2025 | $383,000 |
| Q4 2024 | $651,000 |
WFCF spent $2M buying back its own shares over the past year, up 9% from the year before.
WFCF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.7x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -1.7x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -1.2x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
WFCF has more cash than debt.
WFCF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 68.5 | Neutral |
WFCF's weekly RSI is 63 (neutral) and its Stochastic is 69 (neutral).
WFCF PE vs Technology Sector
| Metric | WFCF | Sector median | Relative |
|---|---|---|---|
| PE | 74x | 28x | 166% above |
| PE % | 97 | 35 | 62 pts above |
WFCF is trading at 74x earnings, a 166% premium to the Technology sector's median of 28x.
WFCF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.3 | 19% above |
| 20 week MA | $13.4 | 27% above |
| 50 week MA | $12.6 | 35% above |
| 100 week MA | $12.2 | 40% above |
| 200 week MA | $12.5 | 36% above |
WFCF has climbed back above all five of its weekly moving averages, and it's now 36% above its 200-week average.
WFCF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.64 | $13.5 | +103% |
| 2021 | $13.5 | $14.8 | +9.6% |
| 2022 | $14.8 | $14.4 | -2.7% |
| 2023 | $14.4 | $13.6 | -5.9% |
| 2024 | $13.6 | $13.0 | -4.4% |
| 2025 | $13.0 | $11.3 | -13% |
| 2026 YTD | $11.3 | $17.1 | +51% |
WFCF has finished four years in a row lower, and it's up 51% so far in 2026.