Village Farms International, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.9M | $195.9M | $163.1M | $293.6M | $268.0M | $170.1M | $144.6M | $150.0M |
| Cost of Revenue | $128.3M | $150.1M | $115.2M | $266.1M | $222.8M | $159.1M | $151.9M | $140.7M |
| Gross Profit | $87.7M | $45.8M | $48.0M | $27.5M | $45.2M | $11.0M | $-7.3M | $9.3M |
| Gross Margin | 40.6% | 23.4% | 29.4% | 9.4% | 16.9% | 6.4% | -5.1% | 6.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $60.3M | $61.7M | $56.7M | $72.3M | $53.9M | $19.1M | $16.8M | $14.1M |
| Operating Income | $34.1M | $-33.9M | $-22.9M | $-93.5M | $-9.8M | $10.9M | $-927.0K | $-6.7M |
| Operating Margin | 15.8% | -17.3% | -14.0% | -31.8% | -3.7% | 6.4% | -0.6% | -4.5% |
| Interest Expense | $2.7M | $3.4M | $4.5M | $3.2M | $2.8M | $2.1M | $2.6M | $2.8M |
| Pretax Income | $31.4M | $-37.3M | $-27.4M | $-96.7M | $-12.7M | $8.8M | $-3.5M | $-9.8M |
| Income Tax Expense | $10.4M | $-1.7M | $7.5M | $4.7M | $-3.5M | $-2.8M | $-5.9M | $-2.3M |
| Net Income | $32.4M | $-35.9M | $-34.8M | $-101.1M | $-9.1M | $11.6M | $2.3M | $-7.5M |
| Net Margin | 15.0% | -18.3% | -21.3% | -34.5% | -3.4% | 6.8% | 1.6% | -5.0% |
| EPS (Basic) | $0.29 | $-0.32 | $-0.32 | $-1.13 | $-0.11 | $0.20 | $0.05 | $-0.17 |
| EPS (Diluted) | $0.27 | $-0.32 | $-0.32 | $-1.13 | $-0.11 | $0.19 | $0.05 | $-0.17 |
| Shares Outstanding (Basic) | 113.3M | 111.4M | 108.7M | 89.1M | 82.2M | 58.5M | 49.4M | 44.4M |
| Shares Outstanding (Diluted) | 118.5M | 111.4M | 108.7M | 89.1M | 82.2M | 61.5M | 51.2M | 44.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |