Where Food Comes From reported second-quarter 2026 net income fell 26.5% to $413,000, or 8 cents per share, from $562,000, or 11 cents per share, a year earlier, as a $240,000 unfavorable swing in digital asset fair value offset margin gains. Revenue rose 1% to $6.611 million from $6.562 million, while operating income increased 21% to $665,000 from $549,000, and gross margin expanded 310 basis points to 40.6%. CEO John Saunders said record beef prices and smaller herd sizes pressured the flagship beef business, which represents roughly 50% of revenues, but demand for premium verified beef and expansion outside beef helped offset those conditions. The company repurchased 65,012 shares for $809,000 during the quarter and said it is renewing its acquisition search after a three-year pause.
Where Food Comes From IncNet income fell 26.5% due to a $240,000 digital asset loss, despite revenue and operating income gains.
