Village Farms International, Inc. (VFF) Form 8-K — Nov 9, 2026
Village Farms reported Q3 2026 revenue of $66.9 million with record cannabis net sales of $55 million, and its sixth consecutive quarter of positive net income at $10 million or $0.08 per share, with $80 million in cash and a $41 million net cash position. International export sales surged 75% year-over-year to $20.8 million, matching the prior quarter's record, driven by the company's world-leading EU-GMP certified Delta campus and leading share in Germany. However, margins compressed as cannabis gross margin fell to 48% from 55% and segment net income dropped 35% to $7.8 million on a softer Canadian wholesale trim market that management expects to trough and normalize in Q4.
Key figures
- Eps
- 0.08
- Revenue
- 66903000
- Net Income
- 9968000
- Total Assets
- 441356000
- Cash Position
- 79289000
- Shares Outstanding
- 122319352
- Net cash position
- 41000000
- Cannabis net sales q3
- 55000000
- Operating cash flow q3
- 9500000
- Delta1 conversion acres
- 16
- Cannabis gross margin q3
- 48% vs 55% prior year
- International exports q3
- 20800000
- Adjusted ebitda margin q3
- 27%
- Delta2 capacity metric tonnes
- 40
- Cannabis segment net income q3
- 7839000
- Cannabis net sales prior year q3
- 53507000
- International exports growth yoy
- 75%
- Adjusted ebitda continuing ops q3
- 18241000
- Cannabis adj ebitda prior year q3
- 20243000
- Cannabis segment net income prior year q3
- 12029000
- Delta campus total capacity metric tonnes
- 160
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.