---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-009601"
form_type: "8-K"
ticker: "WFCF"
cik: "0001360565"
company_name: "Where Food Comes From, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:15:53.862053+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WFCF Q1 revenue $5.3M, net income down to $31K from $178K; beef verification under pressure

## Summary
- Total revenue $5.3M vs $5.6M; verification revenue $4.2M vs $4.4M; diluted EPS $0.01 vs $0.03.
- Beef verification pressured by smaller herds, record high prices, and tariffs on China exports; poultry/dairy hit by avian flu.
- Added two major food retailers to WFCF labeling program; Upcycled Certified program remains fastest growing standard.
- Bought back 31,345 shares at $383K in Q1; over 1.2M shares repurchased since program inception.
- Net income $31K vs $178K; gross margin stable at 41.6%; operating cash flow $0.6M.

## SEC filing metadata
- accession: 0001641172-25-009601
- form_type: 8-K
- ticker: WFCF
- cik: 0001360565
- company_name: Where Food Comes From, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/0001641172-25-009601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1360565/000164117225009601/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009601
- JSON: https://secwatch.observer/filing/0001641172-25-009601.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009601.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.