Village Farms International (VFF) Gross Margin
Village Farms International (VFF) currently has a gross margin of 44.3%. Margins are stable over recent quarters. The company is a licensed cannabis producer (LP) trading on the NASDAQ.
Current Gross Margin
44.3%
Margin Trend
Stable
Latest Quarter Margin
46.8%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $64.0M | $34.0M | $30.0M | 46.8% |
| FY2026 Q1 | $50.2M | $29.3M | $21.0M | 41.8% |
| FY2025 Q4 | $49.6M | $30.4M | $19.2M | 38.7% |
| FY2025 Q3 | $66.7M | $34.8M | $31.9M | 47.9% |
| FY2025 Q2 | $59.9M | $37.6M | $22.3M | 37.3% |
| FY2025 Q1 | $39.7M | $25.5M | $14.2M | 35.7% |
| FY2024 Q4 | $45.4M | $38.1M | $7.3M | 16.1% |
| FY2024 Q3 | $54.9M | $41.3M | $13.6M | 24.8% |
| FY2024 Q2 | $53.6M | $40.0M | $13.6M | 25.4% |
| FY2024 Q1 | $78.1M | $62.6M | $15.5M | 19.9% |
| FY2023 Q3 | $69.5M | $54.9M | $14.6M | 21.0% |
Frequently Asked Questions
What is VFF's current gross margin?+
Gross margin for Village Farms International is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Village Farms International's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do VFF's margins change quarter to quarter?+
Gross margin fluctuations for Village Farms International can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.