Innovative Food Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $60.7M | $59.4M | $70.4M | $78.9M | $62.2M | $51.7M | $57.9M | $52.9M |
| Cost of Revenue | $45.0M | $44.4M | $53.3M | $61.4M | $45.3M | $37.9M | $41.3M | $36.8M |
| Gross Profit | $15.6M | $15.0M | $17.0M | $17.5M | $17.0M | $13.8M | $16.6M | $16.1M |
| Gross Margin | 25.8% | 25.3% | 24.2% | 22.2% | 27.2% | 26.7% | 28.8% | 30.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $13.0M | $13.7M | $16.7M | $18.3M | $20.5M | $19.5M | $16.5M | $14.1M |
| Operating Income | $2.6M | $1.3M | $-2.8M | $-805.7K | $-3.6M | $-7.4M | $183.8K | $2.0M |
| Operating Margin | 4.3% | 2.1% | -4.0% | -1.0% | -5.8% | -14.3% | 0.3% | 3.7% |
| Interest Expense | — | — | $876.5K | $587.3K | $352.9K | $302.6K | $108.9K | $115.4K |
| Pretax Income | $2.6M | $4.2M | $-3.7M | $-1.1M | $-716.3K | $-7.7M | $222.8K | $1.9M |
| Income Tax Expense | $80.8K | $0 | $15.8K | $0 | $0 | $0 | $0 | $155.0K |
| Net Income | $-2.1M | $2.6M | $-4.4M | $-1.4M | $-716.3K | $-7.7M | $222.8K | $1.7M |
| Net Margin | -3.4% | 4.4% | -6.2% | -1.7% | -1.2% | -14.8% | 0.4% | 3.2% |
| EPS (Basic) | $0.05 | $0.08 | $-0.08 | $-0.02 | $-0.02 | $-0.22 | $0.01 | $0.05 |
| EPS (Diluted) | $0.05 | $0.08 | $-0.08 | $-0.02 | $-0.02 | $-0.22 | $0.01 | $0.05 |
| Shares Outstanding (Basic) | 54.6M | 50.6M | 49.1M | 47.1M | 39.4M | 34.9M | 34.1M | 34.0M |
| Shares Outstanding (Diluted) | 54.6M | 51.3M | 49.1M | 47.1M | 39.4M | 34.9M | 34.1M | 34.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |