Shares of Where Food Comes From, Inc. (WFCF) fell 2.7% following its Q4 2025 earnings report, while the S&P 500 index gained 0.3% during the same period. The company reported a revenue decline to $6 million from $6.7 million year-over-year and recorded a net loss of $0.2 million, or 4 cents per diluted share, compared to a net income of $1 million, or 18 cents per diluted share, in Q4 2024. For the full year, total revenues decreased to $24.9 million from $25.7 million, with net income falling to $1.5 million, or 30 cents per diluted share.
Key drivers of the company’s performance included a downturn in the U.S. cattle industry, attributed to a 70-year low in cattle supply, which led to higher beef prices and reduced verification activities. Despite this, cash and cash equivalents improved 59% year-over-year to $3.2 million, and the company repurchased 183,016 shares in 2025. Looking ahead, management expressed optimism for long-term growth and plans to continue share repurchases.
