Village Farms International Inc
NASDAQ: VFF · CONSUMER DEFENSIVE · FARM PRODUCTS
Updated 2026-06-05
Village Farms International Inc (VFF) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $82.36M | $1.04M | 17.05% | 6.63% | 1.26% |
| 2007 | $113.75M | $2.41M | 16.02% | 5.06% | 2.12% |
| 2008 | $133.10M | $4.54M | 20.11% | 9.34% | 3.41% |
| 2009 | $130.52M | $6.67M | 11.31% | 2.05% | 5.11% |
| 2010 | $144.77M | $5.60M | 14.60% | 5.51% | 3.87% |
| 2011 | $164.45M | $5.80M | 14.49% | 5.61% | 3.53% |
| 2012 | $133.94M | $7.90M | 5.55% | 11.30% | 5.90% |
| 2013 | $137.63M | $10.49M | 12.39% | 14.19% | 7.62% |
| 2014 | $136.62M | $-107000.00 | 10.07% | 0.28% | -0.08% |
| 2015 | $141.93M | $2.09M | 11.05% | 2.56% | 1.48% |
| 2016 | $155.50M | $-1.98M | 8.50% | -0.32% | -1.28% |
| 2017 | $158.41M | $3.82M | 8.99% | -0.74% | 2.41% |
| 2018 | $150.00M | $-5.14M | 5.92% | -4.45% | -3.43% |
| 2019 | $144.57M | $2.33M | -5.08% | -19.94% | 1.61% |
| 2020 | $170.09M | $11.61M | 6.44% | -8.39% | 6.82% |
| 2021 | $268.02M | $-9.08M | 16.86% | -3.26% | -3.39% |
| 2022 | $293.57M | $-101.15M | 9.37% | -15.25% | -34.45% |
| 2023 | $285.60M | $-34.80M | 17.31% | -5.63% | -12.18% |
| 2024 | $336.18M | $-35.85M | 14.10% | -7.03% | -10.66% |
| 2025 | $215.94M | $32.44M | 40.61% | 12.68% | 15.02% |
Frequently asked questions
What is Village Farms International Inc's revenue?
Village Farms International Inc's trailing twelve-month revenue is $226.50M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is VFF?
In its most recent fiscal year, VFF ran a gross margin of 40.61%, an operating margin of 12.68%, and a net margin of 15.02%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does VFF generate?
VFF produced $31.50M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is VFF's balance sheet healthy?
VFF holds $81.19M in cash and equivalents against $28.77M in long-term debt, on $299.90M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.