VFF on Nasdaq
Village Farms International, Inc.
Canadian agricultural production-crops company based in Delta.
Price unavailable
Last updated Oct 18, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
40.6%Gross margin3
15.0%Net margin3
10.2%Revenue growth, 20253
10.8%Return on equity3
0.10×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Cannabis Canada brought in 76% of the revenue Village Farms International, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cannabis Canada | $114.0M | $148.9M | $163.7M |
| Produce Business | $28.7M | $28.9M | $26.3M |
| Cannabis United States | $20.3M | $17.4M | $14.4M |
| Cannabis Netherlands | $9.9M | ||
| Energy Business | $752.0K | $1.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue55¢$128.3M
- Selling, general and admin26¢$60.3M
- Interest1¢$2.7M
- Income tax4¢$10.4M
- Profit14¢$32.4M
Out of $215.9M in revenue.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Sales | $215.9M | $195.9M | $163.1M |
| Cost of sales | -$128.3M | -$150.1M | -$115.2M |
| Gross profit | $87.7M | $45.8M | $48.0M |
| Selling, general and administrative expenses | -$60.3M | -$61.7M | -$56.7M |
| Interest expense | -$2.7M | -$3.4M | -$4.5M |
| Interest income | $1.2M | $914.0K | $1.0M |
| Foreign exchange gain (loss) | $1.6M | -$2.8M | $602.0K |
| Other income | $4.2M | $4.0M | $32.0K |
| Goodwill and intangible asset impairments | $0 | -$11.9M | -$14.0M |
| Other impairments | -$217.0K | -$439.0K | $0 |
| Income (Loss) before taxes and loss from equity method investments | $31.4M | -$29.6M | -$25.6M |
| (Provision for) recovery of income taxes | -$10.4M | $1.7M | -$7.5M |
| Income on equity method investments | $0 | $0 | $0 |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total | $21.0M | -$27.9M | -$33.1M |
| Income (loss) from discontinued operations, net of tax | $11.1M | -$7.7M | -$1.7M |
| Income (loss) including non-controlling interests | $32.1M | -$35.6M | -$34.8M |
| Less: net loss (income) attributable to non-controlling interests, net of tax | $336.0K | -$207.0K | $21.0K |
| Income (loss) from discontinued operations, net of tax | $32.4M | -$35.9M | -$34.8M |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders Continuing operations | $0 | -$0 | -$0 |
| Basic income (loss) per share attributable to Village Farms International, Inc. shareholders, Discontinued operations | $0 | -$0 | -$0 |
| Earnings Per Share, Basic, Total | $0.29 | -$0.32 | -$0.32 |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders from, Continuing operations | $0 | -$0 | -$0 |
| Diluted income (loss) per share attributable to Village Farms International, Inc. shareholders , Discontinued operations | $0 | -$0 | -$0 |
| Earnings Per Share, Diluted, Total | $0.27 | -$0.32 | -$0.32 |
| Basic | 113.3M shares | 111.4M shares | 108.7M shares |
| Diluted | 118.5M shares | 111.4M shares | 108.7M shares |
| Foreign currency translation adjustment | $10.2M | -$16.3M | $4.2M |
| Comprehensive income (loss) including non-controlling interests | $42.3M | -$51.9M | -$30.6M |
| Less: comprehensive (income) loss attributable to non-controlling interests | -$206.0K | $665.0K | -$436.0K |
| Comprehensive income (loss) attributable to Village Farms International, Inc. shareholders | $42.1M | -$51.2M | -$31.0M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $81.2M | $24.6M | ||
| Restricted cash | $5.1M | $0 | ||
| Trade receivables, net | $23.2M | $22.2M | ||
| Inventories, net | $41.5M | $41.3M | ||
| Other receivables | $324.0K | $247.0K | ||
| Prepaid expenses and deposits | $3.2M | $2.8M | ||
| Current assets of discontinued operations (Note 10) | $0 | $24.9M | ||
| Total current assets | $154.4M | $116.0M | ||
| Property, plant and equipment, net | $185.7M | $175.2M | ||
| Investments | $6.3M | $2.7M | ||
| Goodwill | $44.4M | $42.3M | $55.9M | |
| Intangibles, net | $23.6M | $25.1M | ||
| Deferred tax asset | $694.0K | $1.0M | ||
| Right-of-use assets | $4.1M | $4.4M | ||
| Other assets | $3.9M | $2.2M | ||
| Non-current assets of discontinued operations (Note 10) | $0 | $20.4M | ||
| Total assets | $423.1M | $389.3M | ||
| Line of credit | $0 | $4.0M | ||
| Trade payables | $15.7M | $11.3M | ||
| Current maturities of long-term debt | $4.9M | $8.1M | ||
| Accrued sales taxes | $8.7M | $8.7M | ||
| Accrued loyalty program | $541.0K | $1.0M | ||
| Accrued liabilities | $13.4M | $9.0M | ||
| Lease liabilities - current | $1.2M | $1.1M | ||
| Income tax payable | $12.2M | $51.0K | ||
| Other current liabilities | $1.9M | $1.1M | ||
| Current liabilities of discontinued operations (Note 10) | $0 | $17.9M | ||
| Total current liabilities | $58.6M | $62.2M | ||
| Long-term debt | $28.8M | $32.4M | ||
| Deferred tax liability | $18.5M | $19.9M | ||
| Lease liabilities - non-current | $3.9M | $4.2M | ||
| Other liabilities | $3.3M | $2.2M | ||
| Non-current liabilities of discontinued operations (Note 10) | $0 | $4.4M | ||
| Total liabilities | $113.0M | $125.3M | ||
| Redeemable non-controlling interests | $10.2M | $10.0M | ||
| Common stock, no par value per share - unlimited shares authorized ;115,722,312 shares issued and outstanding at December 31, 2025 and 112,337,049 shares issued and outstanding at December 31, 2024. | $392.4M | $387.3M | ||
| Additional paid in capital | $29.4M | $30.6M | ||
| Accumulated other comprehensive loss | -$9.3M | -$18.9M | ||
| Retained earnings | -$112.6M | -$145.0M | ||
| Total shareholders' equity | $299.9M | $254.0M | $300.3M | $303.8M |
| Total liabilities, mezzanine equity and shareholders equity | $423.1M | $389.3M | ||
| Common stock, no par value | $0 | $0 | ||
| Common Stock, Shares, Issued | 115.7M shares | 112.3M shares | ||
| Common Stock, Shares, Outstanding | 115.7M shares | 112.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $81.2M | $24.6M | ||
| Restricted cash | $5.1M | $0 | ||
| Trade receivables, net | $23.2M | $22.2M | ||
| Inventories, net | $41.5M | $41.3M | ||
| Other receivables | $324.0K | $247.0K | ||
| Prepaid expenses and deposits | $3.2M | $2.8M | ||
| Current assets of discontinued operations (Note 10) | $0 | $24.9M | ||
| Total current assets | $154.4M | $116.0M | ||
| Property, plant and equipment, net | $185.7M | $175.2M | ||
| Investments | $6.3M | $2.7M | ||
| Goodwill | $44.4M | $42.3M | $55.9M | |
| Intangibles, net | $23.6M | $25.1M | ||
| Deferred tax asset | $694.0K | $1.0M | ||
| Right-of-use assets | $4.1M | $4.4M | ||
| Other assets | $3.9M | $2.2M | ||
| Non-current assets of discontinued operations (Note 10) | $0 | $20.4M | ||
| Total assets | $423.1M | $389.3M | ||
| Line of credit | $0 | $4.0M | ||
| Trade payables | $15.7M | $11.3M | ||
| Current maturities of long-term debt | $4.9M | $8.1M | ||
| Accrued sales taxes | $8.7M | $8.7M | ||
| Accrued loyalty program | $541.0K | $1.0M | ||
| Accrued liabilities | $13.4M | $9.0M | ||
| Lease liabilities - current | $1.2M | $1.1M | ||
| Income tax payable | $12.2M | $51.0K | ||
| Other current liabilities | $1.9M | $1.1M | ||
| Current liabilities of discontinued operations (Note 10) | $0 | $17.9M | ||
| Total current liabilities | $58.6M | $62.2M | ||
| Long-term debt | $28.8M | $32.4M | ||
| Deferred tax liability | $18.5M | $19.9M | ||
| Lease liabilities - non-current | $3.9M | $4.2M | ||
| Other liabilities | $3.3M | $2.2M | ||
| Non-current liabilities of discontinued operations (Note 10) | $0 | $4.4M | ||
| Total liabilities | $113.0M | $125.3M | ||
| Redeemable non-controlling interests | $10.2M | $10.0M | ||
| Common stock, no par value per share - unlimited shares authorized ;115,722,312 shares issued and outstanding at December 31, 2025 and 112,337,049 shares issued and outstanding at December 31, 2024. | $392.4M | $387.3M | ||
| Additional paid in capital | $29.4M | $30.6M | ||
| Accumulated other comprehensive loss | -$9.3M | -$18.9M | ||
| Retained earnings | -$112.6M | -$145.0M | ||
| Total shareholders' equity | $299.9M | $254.0M | $300.3M | $303.8M |
| Total liabilities, mezzanine equity and shareholders equity | $423.1M | $389.3M | ||
| Common stock, no par value | $0 | $0 | ||
| Common Stock, Shares, Issued | 115.7M shares | 112.3M shares | ||
| Common Stock, Shares, Outstanding | 115.7M shares | 112.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income (loss) from continuing operations including non-controlling interests | $21.0M | -$27.9M | -$33.1M |
| Depreciation and amortization | $16.4M | $16.7M | $14.1M |
| Amortization of deferred charges | $116.0K | $10.0K | $136.0K |
| Interest expense | $2.7M | $3.4M | $4.5M |
| Interest paid on long-term debt | -$2.8M | -$4.2M | -$4.7M |
| Unrealized foreign exchange loss | $13.0K | $233.0K | $64.0K |
| Goodwill and intangible asset impairments | $0 | $11.9M | $14.0M |
| Inventory and other impairments | $217.0K | $11.0M | |
| Non-cash lease expense | $951.0K | $731.0K | $1.2M |
| Share-based compensation | $1.7M | $3.7M | $3.1M |
| Deferred income taxes | -$2.1M | -$1.7M | $7.0M |
| Changes in non-cash working capital items | $19.9M | -$97.0K | $1.3M |
| Net cash provided by operating activities from continuing operations | $58.1M | $13.7M | $7.6M |
| Purchases of property, plant and equipment | -$18.2M | -$7.2M | -$3.6M |
| Purchases of intangibles | -$395.0K | -$158.0K | |
| Equity investment | -$548.0K | ||
| Repayment of note receivable | $835.0K | ||
| Net cash used in investing activities from continuing operations | -$18.6M | -$7.3M | -$3.3M |
| Proceeds from borrowings | $19.3M | ||
| Repayments on borrowings | -$27.2M | -$5.7M | -$9.3M |
| Purchase of non-controlling interest | -$3.8M | ||
| Proceeds from issuance of common stock and warrants | $24.8M | ||
| Issuance costs | -$1.4M | ||
| Share repurchases | -$3.0M | ||
| Proceeds from exercise of warrants and stock options | $5.0M | $83.0K | |
| Other financing activities | -$546.0K | ||
| Net cash used in (provided by) financing activities from continuing operations | -$6.4M | -$9.5M | $14.1M |
| Net cash (used in) provided by operating activities from discontinued operations | -$8.4M | -$3.4M | -$2.3M |
| Net cash provided by (used in) investing activities from discontinued operations | $38.7M | -$2.9M | -$2.9M |
| Net cash used in financing activities from discontinued operations | -$4.0M | $0 | $0 |
| Net cash flows provided by discontinued operations | $26.3M | -$6.3M | -$5.2M |
| Effect of exchange rate changes on cash and cash equivalents | $2.2M | -$1.2M | $394.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $61.6M | -$10.7M | $13.6M |
| Operating lease right-of-use assets | $691.0K | $117.0K | $5.6M |
| Operating lease liabilities | $691.0K | $117.0K | $5.6M |
| Income Taxes Paid | $93.0K |
No quarter-by-quarter statement was filed.
Compare Village Farms International, Inc. with another company
Leadership
Who has led Village Farms International, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerMichael A. Degiglio Jan 2, 2020 to now11
- PresidentOrville Bovenschen Jun 13, 2025 to now12
- Chief financial officerHamid Shekarchi Sep 18, 2026 to now13
- Chief financial officerMichael A. Degiglio Jun 2, 2025 to Sep 18, 202614
- Chief financial officerStephen C. Ruffini Jan 2, 2020 to Jun 2, 202515
- Chief operating officerAnn Lefever Gillin May 14, 2024 to now16
Board members and other officers (9)
- Executive VP, Global CHROYvonne Trupiano Jun 23, 2026 to now17
- Executive Vice PresidentAnn Lefever Gillin May 8, 2023 to May 8, 202318
- Board memberCarolyn Hauger May 17, 2024 to now19
- Board memberKathleen M. Mahoney Mar 10, 2023 to now20
- Board memberChristopher C. Woodward Jan 2, 2020 to now21
- Board memberDavid Holewinski Jan 2, 2020 to now22
- Board memberJohn R. McLernon Jan 2, 2020 to now23
- Board memberMichael A. Degiglio Jan 2, 2020 to now11
- Board memberStephen C. Ruffini Jan 2, 2020 to now15
Timeline
- Jan 2, 2020New chief executive Michael A. Degiglio becomes CEO11
Filings
275 filings to the SEC since October 2021: 9 annual reports, 15 quarterly reports, 97 major events, 117 insider forms, 7 large holders, 30 other. The latest 20:
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 18, 20263 EDGAR
- Sep 10, 20268-K EDGAR
- Aug 25, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Jul 22, 20268-K EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 10, 20264 EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
- Jul 7, 20264 EDGAR
The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 7 such filings since October 2021:
- Aug 14, 2026SCHEDULE 13G
- Jul 8, 2026SCHEDULE 13G/A
- Oct 3, 2025SCHEDULE 13G
- Nov 14, 2024SC 13G/A
- Feb 9, 2023SC 13G/A
- Feb 3, 2022SC 13G/A
- Nov 16, 2021SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Citadel Advisors LLC | 6,583,786 | $13.2M | 0.0% | +5,450,347 |
| AdvisorShares Investments LLC | 3,430,321 | $6.9M | 0.8% | −2,498,034 |
| Two Sigma Investments, LP | 2,423,572 | $4.8M | 0.0% | +448,519 |
| Tidal Investments LLC | 2,180,312 | $4.4M | 0.0% | −122,829 |
| Weiss Asset Management LP | 1,757,131 | $3.5M | 0.1% | New |
| Renaissance Technologies LLC | 1,604,766 | $3.2M | 0.0% | +286,700 |
| Key Client Fiduciary Advisors, LLC | 1,334,631 | $2.7M | 0.8% | +718,382 |
| American Century Companies Inc | 1,153,992 | $2.3M | 0.0% | +1,071,553 |
| Qube Research & Technologies Ltd | 955,092 | $1.9M | 0.0% | +107,470 |
| Timelo Investment Management Inc. | 832,165 | $1.7M | 2.1% | New |
| Morgan Stanley | 698,573 | $1.4M | 0.0% | −337,515 |
| Millennium Management LLC | 678,931 | $1.4M | 0.0% | +245,871 |
| Fishman Jay A Ltd/mi | 575,400 | $1.2M | 0.1% | No change |
| Jane Street Group, LLC | 570,700 | $1.1M | 0.0% | −1,230,190 |
| Bridgeway Capital Management, LLC | 546,614 | $1.1M | 0.0% | +446,501 |
| Susquehanna International Group, Llp | 530,522 | $1.1M | 0.0% | +161,982 |
| Northern Trust Corp | 439,153 | $878.3K | 0.0% | −12,741 |
| Empowered Funds, LLC | 354,114 | $708.2K | 0.0% | +254,001 |
| BlackRock, Inc. | 312,259 | $624.5K | 0.0% | −86,404 |
| Baader Bank Aktiengesellschaft | 200,000 | $400.0K | 0.0% | −1,026 |
| Jb Capital Partners LP | 180,000 | $360.0K | 0.1% | No change |
| LPL Financial LLC | 163,305 | $326.6K | 0.0% | +13,049 |
| Ewing Morris & Co. Investment Partners Ltd. | 139,736 | $279.5K | 0.1% | No change |
| State of Wyoming | 137,445 | $274.9K | 0.0% | −34,362 |
| Bank of New York Mellon Corp | 124,649 | $249.3K | 0.0% | −785 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12SEC EDGAROrville Bovenschen, President
- 13
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARCarolyn Hauger, Board member
- 20SEC EDGARKathleen M. Mahoney, Board member
- 21
- 22SEC EDGARDavid Holewinski, Board member
- 23SEC EDGARJohn R. McLernon, Board member