Village Farms International, Inc. (VFF) Stock Price & Analysis
Village Farms International, Inc. (VFF) closed at USD 2.71 on Thursday, October 22, 2026, down 1.45% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2.75; the Oct 22, 2026 session ranged USD 2.68–2.75 on volume of 475,114 shares. Market capitalization is $331.40M, with a 52-week range of USD 1.81–4.99 (NCM). Source: Nexqual, retrieved October 23, 2026 at 11:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VFF.md
Key facts (VFF)
- Last four reported quarters (through Jun 30, 2026): revenue $231M, net income $22.7M (9.8% margin), free cash flow -$429K (SEC filings).
- Valuation: P/E 14.6x (avg 13.3x at the last 1 fiscal year-ends), net cash $33.0M.
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $207K; 2 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 5.83 (range 4.5–8).
- Total return with dividends: 1Y -14.2% vs S&P 500 +14.9%; 5Y -65.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 0.05, revenue estimate $64.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VFF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $268M | $294M | $163M | $196M | $216M | $231M |
| Gross profit | $45.2M | $27.5M | $48.0M | $45.8M | $87.7M | — |
| Net income | -$9.1M | -$101M | -$34.8M | -$35.9M | $32.4M | $22.7M |
| EPS (diluted) | -$0.11 | -$1.13 | -$0.32 | -$0.32 | $0.27 | — |
| Free cash flow | -$61.2M | -$34.2M | $1.7M | $3.2M | $39.9M | -$429K |
| Gross margin | 16.9% | 9.4% | 29.4% | 23.4% | 40.6% | — |
| Net margin | -3.4% | -34.5% | -21.3% | -18.3% | 15.0% | 9.8% |
| Revenue growth | +57.6% | +9.5% | -44.4% | +20.1% | +10.2% | — |
| Cash + short-term investments | $53.4M | $16.7M | $30.3M | $24.6M | $81.2M | — |
| Total debt | $67.3M | $60.1M | $48.1M | $40.6M | $33.7M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VFF)
P/E 14.6x · P/S 1.4x · EV/Sales 1.3x · P/B 1.1x · FCF yield -0.13% · Earnings yield 6.85% · Net cash $33.0M · EV $298M
P/E at fiscal year-ends: Dec 2025 13.3x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (VFF)
3 purchases, $207K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-22 | Woodward Christopher C. | Director | 10,000 | $31K | 3.06 | Too little history (no open-market trades in 2023 or 2025) |
| 2026-09-22 | Degiglio Michael A | Chief Executive Officer | 35,000 | $101K | 2.89 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-26…2026-06-29 | Degiglio Michael A | Chief Executive Officer | 40,000 | $75K | 1.88 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (VFF)
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 5.83 (low 4.5, high 8).
Total return (dividends reinvested) (VFF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.2% | -65.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.3% | -19.0% |
| Volatility (annualized) | 61.0% | 74.9% |
| Max drawdown | -56.0% (Dec 2025→Jun 2026) | -94.3% (Nov 2021→Apr 2025) |
VFF revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Cannabis Business | $53.5M | 83.7% | +5.3% |
| Cannabis | $53.5M | 83.7% | +5.3% |
| All Other Segments | $10.5M | 16.3% | +15.4% |
| Produce Business | $10.2M | 15.9% | +18.8% |
| Energy Business | $269,000 | 0.4% | -44.3% |
| Total revenue | $64.0M | 100% | — |
VFF revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| International Sales | $20.9M | 32.7% | +74.4% |
| Total revenue | $64.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VFF suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Rose LifeScience | “Rose is a leading vertically integrated, branded cannabis producer, supplier and commercialization expert in the Province of Quebec and is the Quebec operational unit of our Canadian cannabis segment.” |
| Customer | Pure Sunfarms | “While the over production of cannabis has been curtailed more recently by Pure Sunfarms and Rose, due to the shelf life of cannabis there is no assurance that Pure Sunfarms or Rose LifeScience would be able to generate sufficient revenue from the sale of adult-use cannabis and exported medicinal cannabis to be profitable and accordingly, it remains possible that the Company may record additional inventory write-do…” |
| Partner | VF Clean Energy | “We have completed the transition of our VFCE operation to a renewable natural gas facility in partnership with Atlanta-based Terreva Renewables.” |
| Partner | Leli Holland | “In addition, in 2024 we commenced the Delta RNG Project through our partnership with Terreva Renewables, and we completed construction of one of our operations of the Dutch cannabis facilities owned by Leli.” |
| Partner | Amended and Restated | “However, given the capital structure of the Vanguard arrangement, we apply the Hypothetical Liquidation Book Value ("HLBV") method to determine the allocation of profits and losses since our liquidation rights and priorities, as defined by the Amended and Restated Limited Partnership Agreement of Vanguard Food LP (the "Vanguard LPA"), differ from our underlying ownership interest.” |
| Partner | Vanguard Food | “However, given the capital structure of the Vanguard arrangement, we apply the Hypothetical Liquidation Book Value ("HLBV") method to determine the allocation of profits and losses since our liquidation rights and priorities, as defined by the Amended and Restated Limited Partnership Agreement of Vanguard Food LP (the "Vanguard LPA"), differ from our underlying ownership interest.” |
Quoted from the company's 10-K filed Mar 12, 2026.
VFF company outlook (results filed Aug 10, 2026)
- “The Delta 2 expansion is expected to yield approximately 15 metric tonnes of dried, trimmed flower during the second half of 2026.”
- “The Delta 2 expansion is expected to ramp to its full production capacity of 40 metric tonnes by mid-2027, bringing total production capacity from the Delta campus to approximately 160 metric tonnes of dried, trimmed flower annually.”
Quoted word-for-word from the SEC 8-K results press release.
VFF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.05 | $0.05 | +0.0% | $64.4M | 3 |
| Next quarter (ends Dec 2026) | $0.05 | $0.06 | -11.1% | $64.5M | 3 |
| Current fiscal year (ends Dec 2026) | $0.16 | $0.20 | -20.0% | $242.6M | 1 |
| Next fiscal year (ends Dec 2027) | $0.23 | $0.25 | -8.0% | $291.6M | 1 |
VFF options: expected move
Options price a move of about ±23.1% (±$0.63) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±19.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 91.0% | ±23.1% |
| Dec 18, 2026 | 56 | 70.5% | ±21.3% |
| Jan 15, 2027 | 84 | 58.7% | ±25.0% |
| Mar 19, 2027 | 147 | 63.1% | ±34.3% |
| Jun 17, 2027 | 237 | 63.3% | ±43.5% |
30-day implied volatility 61.4% vs 39.1% realized over the last 30 trading days. Put/call ratio (volume) 0.09. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:03 UTC)
| Price | USD 2.71 |
|---|---|
| Change | ▼ 1.45% (down) |
| Previous Close | USD 2.75 |
| Open | USD 2.7 |
| Day Range | USD 2.68 – 2.75 |
| 52-Week Range | USD 1.81 – 4.99 |
| Volume | 475,114 shares |
| Market Cap | $331.40M |
| Exchange | NCM |
Technical Analysis (VFF)
Nexqual's technical model rates VFF "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 11:03 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 47.07 (neutral) |
| vs SMA50 | Below (USD 2.8) |
| MACD | -0.05 (negative) |
Analyst Ratings (VFF)
Wall Street analysts rate VFF "Buy" based on 4 analysts, with a mean price target of USD 5.83 (range USD 4.5–8), per Nexqual as of October 23, 2026 at 11:03 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 5.83 |
| High Target | USD 8 |
| Low Target | USD 4.5 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (VFF)
| Next Earnings Date | 2026-11-09 |
|---|---|
| Revenue Estimate | $64.37M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.06 vs est 0.02 ▲ beat |
| 2026-03-31 | USD 0.02 vs est 0.02 ▼ miss |
| 2025-12-31 | USD 0.01 vs est 0.04 ▼ miss |
| 2025-09-30 | USD 0.08 vs est 0.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financials & Fundamentals (VFF)
| Total Revenue | $230.57M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.80% |
| Gross Margin | +44.29% |
| Operating Margin | +17.45% |
| Profit Margin | +9.85% |
| ROE | +7.53% |
| Debt / Equity | 0.14 |
| Current Ratio | 3.17 |
| Total Cash | $72.93M |
| Total Debt | $46.19M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$429,000 (-0.2% of revenue) |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financial Health Score (VFF)
Nexqual rates Village Farms International, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:03 UTC.
| Growth | Critical — Revenue -36% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 44%, operating 17% (last 12 months) |
| Balance Sheet | Strong — $73M cash and investments vs $40M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$429K (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 8%, ROA 5.6% |
Ownership (VFF)
| Insider Ownership | +10.50% |
|---|---|
| Institutional Ownership | +25.18% |
| Shares Outstanding | 122.29M |
| Float | 102.83M |
| Short % of Float | +4.47% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Leadership (VFF)
Village Farms International, Inc. is led by Michael A. DeGiglio, Founder, CEO, President & Director, per Nexqual as of October 23, 2026 at 11:03 UTC.
| Founder, CEO, President & Director | Michael A. DeGiglio |
|---|---|
| Head of Mergers and Acquisitions, Company Secretary & Director | Stephen C. Ruffini |
| Interim Chief Financial Officer | Hamid Shekarchi |
| President of Global Operations | Orville Bovenschen |
| President of Global Commercial | Paul Furfaro |
Major Backers & Investors (VFF)
Notable institutional backers of Village Farms International, Inc. include Citadel, AdvisorShares Investments, LLC, AdvisorShares Trust-AdvisorShares Pure US Cannabis ETF, according to Nexqual as of October 23, 2026 at 11:03 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Citadel | 5.38% |
| AdvisorShares Investments, LLC | 2.81% |
| AdvisorShares Trust-AdvisorShares Pure US Cannabis ETF | 2.12% |
| Two Sigma Investments, LP | 1.98% |
| Tidal Investments LLC | 1.78% |
| Amplify ETF Trust-Amplify Alternative Harvest ETF | 1.78% |
| Weiss Asset Management Lp | 1.44% |
| Renaissance Technologies | 1.31% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
From Village Farms International, Inc.'s Latest SEC 10-K Filing (filed 2026-03-12)
Key Strengths & Strategy (as disclosed to the SEC)
- In August 2023, the FDA and Health and Human Services ("HHS") recommended that the Drug Enforcement Administration ("DEA") reschedule marijuana from schedule I under the federal Controlled Substances Act ("CSA") to schedule III.
- Rose is a leading vertically integrated, branded cannabis producer, supplier and commercialization expert in the Province of Quebec.
- VFF pioneered CEA in North America, and over the years transformed the organization, adapting to meet industry changes and customer preferences, in order to persevere and remain one of the largest and longest-operating vertically integrated greenhouse growers in North America.
- Pure Sunfarms leverages our 30-plus years of experience as a vertically integrated greenhouse grower for the legal cannabis industry in Canada with commercial distribution in every Canadian province and territory.
Partnerships
- All of our produce is currently subject to a sales and marketing agreement with Vanguard Produce Canada ULC as our sole customer, who in turn sells our produce to retail supermarkets and dedicated fresh food distribution companies throughout the United States and Canada.
- Nova Scotia: The Nova Scotia Liquor Corporation is responsible for the regulation of cannabis in the province, and recreational cannabis is primarily sold publicly through government-operated storefronts and online sales, but regulations introduced in 2025 allow certain Mi'kmaw communities (bands or band‑owned corporations) to become authorized cannabis sellers on reserve through an agreement with NSL.
Legal & Regulatory Risks (Item 1A, quoted)
- The ability of our Canadian cannabis companies to sell cannabis may be restricted by the Canadian Free Trade Agreement.
- We may be subject to product liability claims.
- Government regulation of the Internet and e-commerce is evolving, and unfavorable changes or failure by us to comply with these regulations could substantially harm our business, financial condition, and results of operations.
- We are subject to environmental, health and safety, and other governmental regulations and we may incur material expenses in order to comply with these regulations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AFRI | Forafric Global PLC | USD 12.07 | ▲ 0.84% |
| VITL | Vital Farms, Inc. | USD 9.41 | ▲ 15.18% |
| DOLE | Dole plc | USD 13.52 | ▲ 3.13% |
| DMC | Del Monte Corporation | USD 29.93 | ▲ 7.28% |
| AGRO | Adecoagro S.A. | USD 9.83 | ▲ 3.69% |
| CALM | Cal-Maine Foods, Inc. | USD 63.83 | ▲ 5.31% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:03 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt