WFCF
Income statement / Annual
Last year (2023), Where Food Comes From, Inc.'s total revenue was $25.14 M,
an increase of 1.17% from the previous year.
In 2023, Where Food Comes From, Inc.'s net income was $2.15 M.
See Where Food Comes From, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$25.14 M
|
$24.85 M
|
$21.93 M
|
$20.08 M
|
$20.77 M
|
$17.80 M
|
$15.45 M
|
$11.62 M
|
$10.40 M
|
$8.76 M
|
| Cost of Revenue |
$14.61 M |
$14.38 M |
$12.20 M |
$11.15 M |
$11.70 M |
$10.06 M |
$8.63 M |
$6.20 M |
$5.54 M |
$5.00 M |
| Gross Profit |
$10.52 M |
$10.47 M |
$9.74 M |
$8.93 M |
$9.08 M |
$7.74 M |
$6.82 M |
$5.41 M |
$4.85 M |
$3.76 M |
| Gross Profit Ratio |
0.42 |
0.42 |
0.44 |
0.44 |
0.44 |
0.43 |
0.44 |
0.47 |
0.47 |
0.43 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$70,000.00
|
$250,000.00
|
$222,000.00
|
$186,000.00
|
$43,000.00
|
$43,000.00
|
$43,000.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$7.83 M
|
$7.82 M
|
$7.43 M
|
$7.24 M
|
$7.53 M
|
$6.87 M
|
$6.74 M
|
$4.78 M
|
$4.06 M
|
$3.42 M
|
| Other Expenses |
$53,000.00 |
$5,000.00 |
$2,000.00 |
$7,000.00 |
$9,330.00 |
$14,270.00 |
$14,578.00 |
$4,131.00 |
$770.00 |
$3,204.00 |
| Operating Expenses |
$7.83 M |
$7.82 M |
$7.43 M |
$7.24 M |
$7.53 M |
$6.87 M |
$6.74 M |
$4.78 M |
$4.06 M |
$3.42 M |
| Cost And Expenses |
$22.44 M |
$22.19 M |
$19.63 M |
$18.39 M |
$19.22 M |
$16.93 M |
$15.37 M |
$10.98 M |
$9.60 M |
$8.42 M |
| Interest Income |
$0.00 |
$247,000.00 |
$194,000.00 |
$137,000.00 |
$110,000.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$5,000.00 |
$3,000.00 |
$6,000.00 |
$13,000.00 |
$10,057.00 |
$4,837.00 |
$1,591.00 |
$1,517.00 |
$1,585.00 |
$9,818.00 |
| Depreciation &
Amortization |
$634,000.00
|
$710,000.00
|
$799,000.00
|
$997,000.00
|
$1.10 M
|
$942,418.00
|
$854,180.00
|
$267,645.00
|
$256,272.00
|
$225,638.00
|
| EBITDA |
$3.38 M
|
$2.66 M
|
$2.31 M
|
$1.69 M
|
$1.56 M
|
$888,823.00
|
$96,760.00
|
$638,630.00
|
$1.05 M
|
$347,930.00
|
| EBITDA Ratio |
0.13 |
0.11 |
0.11 |
0.08 |
0.08 |
0.05 |
0.01 |
0.05 |
0.1 |
0.04 |
| Operating Income Ratio
|
0.11
|
0.08
|
0.07
|
0.03
|
0.02
|
0.05
|
0.01
|
0.05
|
0.08
|
0.04
|
| Total Other
Income/Expenses Net |
$373,000.00
|
$924,000.00
|
$2.11 M
|
$1.15 M
|
$1.02 M
|
$114,270.00
|
$14,578.00
|
$4,131.00
|
$770.00
|
$3,204.00
|
| Income Before Tax |
$3.07 M |
$2.82 M |
$3.62 M |
$1.85 M |
$1.48 M |
$983,986.00 |
$95,169.00 |
$637,113.00 |
$794,418.00 |
$338,112.00 |
| Income Before Tax Ratio
|
0.12
|
0.11
|
0.17
|
0.09
|
0.07
|
0.06
|
0.01
|
0.05
|
0.08
|
0.04
|
| Income Tax Expense |
$913,000.00 |
$822,000.00 |
$659,000.00 |
$462,000.00 |
$460,000.00 |
$309,008.00 |
$266,225.00 |
$235,547.00 |
$298,150.00 |
$140,876.00 |
| Net Income |
$2.15 M |
$1.99 M |
$2.96 M |
$1.39 M |
$1.02 M |
$800,736.00 |
$142,314.00 |
$433,171.00 |
$533,917.00 |
$229,095.00 |
| Net Income Ratio |
0.09 |
0.08 |
0.14 |
0.07 |
0.05 |
0.04 |
0.01 |
0.04 |
0.05 |
0.03 |
| EPS |
0.39 |
0.33 |
0.49 |
0.22 |
0.16 |
0.13 |
0.04 |
0.08 |
0.08 |
0.04 |
| EPS Diluted |
0.39 |
0.33 |
0.48 |
0.22 |
0.16 |
0.13 |
0.04 |
0.08 |
0.08 |
0.04 |
| Weighted Average Shares
Out |
$5.49 M
|
$5.96 M
|
$6.10 M
|
$6.16 M
|
$6.21 M
|
$6.21 M
|
$6.17 M
|
$5.95 M
|
$5.95 M
|
$5.79 M
|
| Weighted Average Shares
Out Diluted |
$5.55 M
|
$6.04 M
|
$6.19 M
|
$6.22 M
|
$6.26 M
|
$6.25 M
|
$6.21 M
|
$5.99 M
|
$5.99 M
|
$5.85 M
|
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