Village Farms International (VFF) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Village Farms published the results on November 9, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Village Farms reports in U.S. dollars and files Forms 10-Q and 10-K with the SEC. Canadian Branded revenue is shown net of excise tax, which was $16.5 million in Q3 2026.
• In Q1 2026 Village Farms realigned toward a unified cannabis operating model and revised its operating segments. It now reports Cannabis and Other, where Other holds tomato sales (Other Produce) and Clean Energy.

Source: Village Farms Q3 2026 results, November 9, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Village Farms splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Village Farms's Cannabis revenue was $55.0 million in Q3 2026, up 3% from $53.5 million in Q3 2025, 82% of total revenue.
• Village Farms's Other revenue was $11.9 million in Q3 2026, down 10% from $13.2 million in Q3 2025, 18% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP sales and GAAP diluted EPS attributable to Village Farms shareholders (continuing and discontinued operations combined), each as first reported in that quarter's release.

We do not hold a confirmed date for Village Farms's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 9, 2026

Village Farms reported consolidated revenue of $66.9 million in Q3 2026, up $162 thousand from $66.7 million a year earlier. Cannabis sales were a record $55.0 million, up 3% from $53.5 million, and the rest came from tomato sales (Other Produce, $11.3 million) and Clean Energy ($633 thousand). (Village Farms Q3 2026 release, Nov 9, 2026; Village Farms Form 10-Q, Q3 2026, Nov 9, 2026)

Village Farms' international export sales rose 75% to $20.8 million, or 31% of revenue against 18% a year earlier, on higher volumes to Germany, partly offset by a 9% lower net average selling price as the mix shifted toward bulk flower. Canadian Branded sales fell 6% to $25.3 million on lower volume of value brands, although their average net selling price rose 6%. (Village Farms Q3 2026 release, Nov 9, 2026; Village Farms Form 10-Q, Q3 2026, Nov 9, 2026)

Canadian Non-Branded sales fell 55% to $3.3 million, which Village Farms describes as a planned shift of volume toward exports. U.S. Cannabis sales fell 16% to $2.8 million on lower direct-to-consumer sales, which it attributes to unregulated hemp-derived products and state rules restricting sales. Village Farms paid $16.5 million of excise duties in the quarter, 39% of gross Canadian Branded sales. (Village Farms Form 10-Q, Q3 2026, Nov 9, 2026; Village Farms Q3 2026 release, Nov 9, 2026)

Village Farms runs what it calls the world's largest single-site EU-GMP certified cannabis facility, in Delta, British Columbia. Its Delta 2 expansion is on track for completion in Q1 2027 and is expected to ramp to 40 metric tonnes by mid-2027, bringing the Delta campus to approximately 160 metric tonnes of dried, trimmed flower a year. In the Netherlands, production was temporarily reduced by propagation activities, and the Groningen facility is now fully planted. (Village Farms Q3 2026 release, Nov 9, 2026)

Village Farms' net income attributable to shareholders was $10.0 million, or $0.08 per diluted share, in Q3 2026, against $10.2 million, or $0.08, a year earlier. Cannabis net income fell to $7.8 million from $12.0 million because of lower gross margins and higher operating expenses. Village Farms reports no adjusted EPS. (Village Farms Q3 2026 release, Nov 9, 2026)

Cannabis gross margin was 48%, against 55%, which Village Farms attributed mainly to a softer spot trim market in the Canadian wholesale channel. Adjusted EBITDA from continuing operations was $18.2 million consolidated, and $14.7 million, or 27% of sales, for cannabis, against $20.2 million or 38% a year earlier. (Village Farms Q3 2026 release, Nov 9, 2026)

Diluted weighted average shares were 130,618 thousand, against 120,565 thousand a year earlier. Over the first nine months Village Farms raised $15.0 million from issuing common shares and spent $6.8 million on share repurchases. It closed the quarter with $80 million in cash and a net cash position of $41 million. (Village Farms Q3 2026 release, Nov 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Village Farms does not publish a numeric revenue or earnings outlook in its release. Its CEO said he believes wholesale trim volumes and pricing in the Canadian wholesale channel reached trough levels during Q3 and expects them to begin normalizing in Q4, based on the October order book and new supply agreements with stronger contracted pricing. (Village Farms Q3 2026 release, Nov 9, 2026)

Village Farms has begun mobilizing to use its 30-acre greenhouse in Monahans, Texas for cannabis production, and in Q4 2026 it exercised its right to convert about 25% of its 60-acre Delta 1 greenhouse in British Columbia to cannabis, giving it the option to convert 16 acres during 2027. (Village Farms Q3 2026 release, Nov 9, 2026)

A consensus figure is the average of the models published by the analysts who cover Village Farms, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Village Farms's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VFF is on is VFF a buy or a sell?, what analysts expect next is on the VFF forecast, and what the company does is on the Village Farms International (VFF) stock page.

Every number on this page can be traced to a document Village Farms published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.