Where Food Comes From Q3 EPS $0.22, net income doubles; revenue edges down to $7.0M

Where Food Comes From, Inc.

2025-Q3 EPS reported $0.34 revenue$18,850,000

Q3 revenue $7.0M vs $7.1M; verification & certification up to $5.6M from $5.5M.
Net income $1.1M vs $0.5M; diluted EPS $0.22 vs $0.09; includes $946K gain on Progressive Beef sale.
Nine-month net income $1.7M vs $1.2M; diluted EPS $0.34 vs $0.21; cash from ops $2.3M.
Cash & equivalents $4.8M (up from $2.0M at 2024 year-end); Q3 stock buybacks 60,721 shares.
CEO cites tariffs and beef herd reductions but growth in pork, dairy, non-GMO, organic certifications.

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