Stocks · Consumer staples · Agricultural Production-Crops

Village Farms International, Inc.

VFF Clue Score47
United States Fiscal year ends December CIK 0001584549
$2.68 -0.74% Close, 9 Oct 2026
Price $2.68 −65.69% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue158.4Operating income−1.2Net income−4.8EPS, diluted−0.12Fiscal year 2018Revenue150.0 −5.3%Operating income−6.7Net income−7.5EPS, diluted−0.17Fiscal year 2019Revenue144.6 −3.6%Net income2.3EPS, diluted0.05Fiscal year 2020Revenue170.1 +17.7%Net income11.6 +399.3%EPS, diluted0.19 +280.0%Fiscal year 2021Revenue268.0 +57.6%Net income−9.1 −178.2%EPS, diluted−0.11 −157.9%Fiscal year 2022Revenue293.6 +9.5%Net income−101.1EPS, diluted−1.13Fiscal year 2023Revenue163.1 −44.4%Net income−34.8EPS, diluted−0.32Fiscal year 2024Revenue195.9 +20.1%Net income−35.9EPS, diluted−0.32Fiscal year 2025Revenue215.9 +10.2%Net income32.4EPS, diluted0.27
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 158.4 150.0 144.6 170.1 268.0 293.6 163.1 195.9 215.9
Growth −5.3% −3.6% +17.7% +57.6% +9.5% −44.4% +20.1% +10.2%
Operating income −1.2 −6.7 n/a n/a n/a n/a n/a n/a n/a
Net income −4.8 −7.5 2.3 11.6 −9.1 −101.1 −34.8 −35.9 32.4
Growth +399.3% −178.2%
EPS, diluted −0.12 −0.17 0.05 0.19 −0.11 −1.13 −0.32 −0.32 0.27
Growth +280.0% −157.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin8.8%Operating margin−0.7%Net margin−3.0%Free cash flow margin−0.6%Fiscal year 2018Gross margin6.2%Operating margin−4.5%Net margin−5.0%Free cash flow margin−5.2%Fiscal year 2019Gross margin−5.1%Net margin1.6%Free cash flow margin−11.5%Fiscal year 2020Gross margin6.4%Net margin6.8%Free cash flow margin1.3%Fiscal year 2021Gross margin16.9%Net margin−3.4%Free cash flow margin−22.8%Fiscal year 2022Gross margin9.4%Net margin−34.5%Free cash flow margin−11.6%Fiscal year 2023Gross margin29.4%Net margin−21.3%Free cash flow margin1.0%Fiscal year 2024Gross margin23.4%Net margin−18.3%Free cash flow margin1.6%Fiscal year 2025Gross margin40.6%Net margin15.0%Free cash flow margin18.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 8.8% 6.2% −5.1% 6.4% 16.9% 9.4% 29.4% 23.4% 40.6%
Operating margin −0.7% −4.5% n/a n/a n/a n/a n/a n/a n/a
Net margin −3.0% −5.0% 1.6% 6.8% −3.4% −34.5% −21.3% −18.3% 15.0%
Free cash flow margin −0.6% −5.2% −11.5% 1.3% −22.8% −11.6% 1.0% 1.6% 18.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow0.7Capital expenditure−1.7Free cash flow−1.0Fiscal year 2018Operating cash flow−4.7Capital expenditure−3.1Free cash flow−7.8Fiscal year 2019Operating cash flow−14.4Capital expenditure−2.3Free cash flow−16.7Fiscal year 2020Operating cash flow5.7Capital expenditure−3.4Free cash flow2.3Fiscal year 2021Operating cash flow−39.6Capital expenditure−21.7Free cash flow−61.2 −2,810.2%Buybacks−5.0Fiscal year 2022Operating cash flow−19.9Capital expenditure−14.3Free cash flow−34.2Fiscal year 2023Operating cash flow5.3Capital expenditure−3.6Free cash flow1.7Fiscal year 2024Operating cash flow10.3Capital expenditure−7.2Free cash flow3.2 +85.9%Fiscal year 2025Operating cash flow58.1Capital expenditure−18.2Free cash flow39.9 +1,154.5%Buybacks−3.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.7 −4.7 −14.4 5.7 −39.6 −19.9 5.3 10.3 58.1
Capital expenditure −1.7 −3.1 −2.3 −3.4 −21.7 −14.3 −3.6 −7.2 −18.2
Free cash flow −1.0 −7.8 −16.7 2.3 −61.2 −34.2 1.7 3.2 39.9
Growth −2,810.2% +85.9% +1,154.5%
Buybacks n/a n/a n/a n/a −5.0 n/a n/a n/a −3.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash7.1Total debt38.4Net cash (debt)−31.3Shareholders’ equity66.9Debt to equity0.57Fiscal year 2018Cash11.9Total debt35.7Net cash (debt)−23.8Shareholders’ equity84.4Debt to equity0.42Fiscal year 2019Cash12.0Total debt32.4Net cash (debt)−20.4Shareholders’ equity126.5Debt to equity0.26Fiscal year 2020Cash21.6Total debt64.1Net cash (debt)−42.4Shareholders’ equity205.3Debt to equity0.31Fiscal year 2021Cash53.4Total debt61.8Net cash (debt)−8.4Shareholders’ equity408.4Debt to equity0.15Fiscal year 2022Cash16.7Total debt53.5Net cash (debt)−36.8Shareholders’ equity303.1Debt to equity0.18Fiscal year 2023Cash30.3Total debt48.1Net cash (debt)−17.8Shareholders’ equity299.6Debt to equity0.16Fiscal year 2024Cash24.6Total debt40.6Net cash (debt)−15.9Shareholders’ equity254.0Debt to equity0.16Fiscal year 2025Cash81.2Total debt33.7Net cash (debt)47.5Shareholders’ equity299.9Debt to equity0.11
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.1 11.9 12.0 21.6 53.4 16.7 30.3 24.6 81.2
Total debt 38.4 35.7 32.4 64.1 61.8 53.5 48.1 40.6 33.7
Net cash (debt) −31.3 −23.8 −20.4 −42.4 −8.4 −36.8 −17.8 −15.9 47.5
Shareholders’ equity 66.9 84.4 126.5 205.3 408.4 303.1 299.6 254.0 299.9
Debt to equity 0.57 0.42 0.26 0.31 0.15 0.18 0.16 0.16 0.11

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
7.1 11.9 12.0 21.6 53.4 16.7 30.3 24.6 81.2
0.1 11.3 9.0 23.2 34.4 27.6 30.6 22.2 23.2
17.3 25.0 15.9 46.6 68.7 70.6 78.5 41.3 41.5
81.8 72.2 63.2 187.0 215.7 207.7 205.6 175.2 185.7
n/a n/a n/a 24.0 117.5 66.2 55.9 42.3 44.4
142.3 159.8 n/a n/a n/a n/a n/a n/a n/a
Growth +12.3%
Liabilities
2.6 3.4 3.4 10.2 11.4 9.6 9.1 8.1 4.9
35.8 32.3 29.0 53.9 50.4 43.8 38.9 32.4 28.8
calc 38.4 35.7 32.4 64.1 61.8 53.5 48.1 40.6 33.7
61.3 59.1 n/a n/a n/a n/a n/a n/a n/a
Equity
39.3 21.9 24.3 35.9 26.8 −74.4 −109.2 −145.0 −112.6
66.9 84.4 126.5 205.3 408.4 303.1 299.6 254.0 299.9
Growth +26.2% +49.8% +62.3% +98.9% −25.8% −1.1% −15.2% +18.1%
Per share and net cash
calc −31.3 −23.8 −20.4 −42.4 −8.4 −36.8 −17.8 −15.9 47.5
n/a 47.6 52.7 66.9 88.2 91.8 110.2 112.3 115.7
calc n/a 1.77 2.40 3.07 4.63 3.30 2.72 2.26 2.59

Lines marked calc are worked out here from filed figures; point at one for how.