IVFH · Innovative Food Holdings Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $60.68M | $72.13M | $72.22M | $80.10M | $62.21M | $51.68M |
| Cost of Revenue | $45.05M | $55.28M | $54.69M | $61.41M | $45.26M | $37.86M |
| Gross Profit | $15.63M | $16.85M | $17.53M | $18.69M | $16.95M | $13.82M |
| R&D | - | - | - | - | - | - |
| SG&A | $12.99M | $16.31M | $17.39M | $19.73M | $20.54M | $19.53M |
| Total Operating Expenses | $12.99M | $16.31M | $20.78M | $19.73M | $20.54M | $21.23M |
| D&A | $377.6K | $273.1K | $557.3K | $562.1K | $526.9K | $703.9K |
| Operating Income | $2.64M | $538.7K | ($3.25M) | ($1.04M) | ($3.59M) | ($7.41M) |
| Interest Expense | $30.3K | $849.6K | $876.5K | $586.2K | $352.9K | $302.6K |
| Income Tax | $80.8K | $0 | $15.8K | $0 | $0 | $0 |
| Net Income | ($2.07M) | $2.61M | ($4.36M) | ($1.35M) | ($716.3K) | ($7.67M) |
| EPS - Basic | $0.05 | $0.05 | ($0.08) | ($0.03) | ($0.02) | ($0.22) |
| EPS - Diluted | $0.05 | $0.05 | ($0.08) | ($0.03) | ($0.02) | ($0.22) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $927.5K | $2.33M | $5.33M | $4.90M | $6.12M | $5.06M |
| Accounts Receivable | $5.30M | $9.04M | $4.31M | $4.97M | $3.26M | $2.38M |
| Inventory | $3.47M | $6.29M | $2.97M | $3.05M | $3.11M | $3.72M |
| Accounts Payable | $2.96M | $5.83M | $6.05M | $6.60M | $5.41M | $4.91M |
| Current Assets | $16.78M | $23.89M | $13.64M | $13.21M | $12.80M | $11.45M |
| Total Assets | $19.58M | $27.35M | $21.32M | $23.42M | $23.78M | $23.15M |
| Current Liabilities | $12.44M | $9.41M | $8.64M | $16.41M | $10.20M | $12.21M |
| Long-term Debt | $216.9K | $8.69M | $8.86M | $0 | $5.41M | $6.15M |
| Total Liabilities | $13.34M | $19.17M | $18.52M | $16.83M | $16.37M | $19.27M |
| Stockholders' Equity | $6.24M | $8.17M | $2.81M | $6.59M | $7.41M | $3.88M |
| Retained Earnings | ($38.28M) | ($36.21M) | ($38.82M) | ($34.47M) | ($33.12M) | ($32.40M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($27.4K) | ($6.27M) | ($435.6K) | ($599.1K) | ($3.66M) | ($1.76M) |
| Investing Cash Flow | ($187.8K) | $1.21M | ($36.3K) | ($115.0K) | ($24.5K) | ($450.4K) |
| Financing Cash Flow | ($645.0K) | $2.02M | $994.8K | ($509.2K) | $4.75M | $3.30M |
| CapEx | $242.3K | $356.2K | $122.4K | $115.0K | $24.5K | $431.1K |
| Free Cash Flow | ($269.7K) | ($6.63M) | ($558.0K) | ($714.1K) | ($3.69M) | ($2.19M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.8% | 23.4% | 24.3% | 23.3% | 27.2% | 26.7% |
| Operating margin | 4.3% | 0.7% | -4.5% | -1.3% | -5.8% | -14.3% |
| EBITDA margin | 5.0% | 1.1% | -3.7% | -0.6% | -4.9% | -13.0% |
| Net margin | -3.4% | 3.6% | -6.0% | -1.7% | -1.2% | -14.8% |
| Free cash flow margin | -0.4% | -9.2% | -0.8% | -0.9% | -5.9% | -4.2% |
| FCF / Net income | 0.13 | -2.54 | 0.13 | 0.53 | 5.15 | 0.29 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.4% | 22.6% | 24.1% | 24.6% | 33.0% | 37.8% |
| Effective tax rate | - | 0.0% | - | - | - | - |
| Return on assets | -10.5% | 9.5% | -20.4% | -5.8% | -3.0% | -33.1% |
| Return on equity | -33.1% | 31.9% | -155.2% | -20.5% | -9.7% | -197.7% |
| Return on invested capital | 32.3% | 3.2% | -22.0% | -12.4% | -22.1% | -58.4% |
| Liquidity | ||||||
| Current ratio | 1.35 | 2.54 | 1.58 | 0.80 | 1.26 | 0.94 |
| Quick ratio | 1.07 | 1.87 | 1.23 | 0.62 | 0.95 | 0.63 |
| Cash ratio | 0.07 | 0.25 | 0.62 | 0.30 | 0.60 | 0.41 |
| Leverage | ||||||
| Debt / Equity | 0.03 | 1.06 | 3.16 | 0.00 | 0.73 | 1.59 |
| Debt / Assets | 0.01 | 0.32 | 0.42 | 0.00 | 0.23 | 0.27 |
| Debt / EBITDA | 0.07 | 10.71 | - | - | - | - |
| Interest coverage | 87.0x | 0.6x | -3.7x | -1.8x | -10.2x | -24.5x |
| Equity multiplier | 3.14 | 3.35 | 7.60 | 3.56 | 3.21 | 5.97 |
| Liabilities / Assets | 0.68 | 0.70 | 0.87 | 0.72 | 0.69 | 0.83 |
| Efficiency | ||||||
| Asset turnover | 3.10 | 2.64 | 3.39 | 3.42 | 2.62 | 2.23 |
| Inventory turnover | 12.97 | 8.79 | 18.40 | 20.11 | 14.55 | 10.18 |
| Days sales outstanding | 32d | 46d | 22d | 23d | 19d | 17d |
| Days inventory outstanding | 28d | 42d | 20d | 18d | 25d | 36d |
| Days payable outstanding | 24d | 38d | 40d | 39d | 44d | 47d |
| Cash conversion cycle | 36d | 49d | 1d | 2d | 1d | 5d |
| Valuation | ||||||
| P / E | 9.3x | 35.6x | - | - | - | - |
| P / B | 3.8x | 11.2x | 12.9x | 1.5x | 1.7x | 2.6x |
| P / S | 0.4x | 1.3x | 0.5x | 0.1x | 0.2x | 0.2x |
| EV / EBITDA | 7.5x | 120.4x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -15.9% | -0.1% | -9.8% | 28.8% | 20.4% | -10.8% |
| Revenue CAGR (3y) | -8.8% | 5.1% | 11.8% | 11.4% | 5.5% | 7.8% |
| Revenue CAGR (5y) | 3.3% | 4.5% | 6.4% | 14.2% | 12.1% | 11.0% |
| Gross profit growth (YoY) | -7.3% | -3.8% | -6.2% | 10.3% | 22.7% | -17.0% |
| Operating income growth (YoY) | 389.2% | - | -213.6% | 71.1% | 51.6% | - |
| Net income growth (YoY) | - | - | -222.6% | -88.5% | 90.7% | - |
| EPS growth (YoY) | -8.0% | - | -166.7% | -50.0% | 90.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | 38.0% | - | - | - | - |
| FCF growth (YoY) | 95.9% | -1087.9% | 21.9% | 80.6% | -68.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -23.7% | 191.4% | -57.4% | -11.1% | 91.1% | -64.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$60.68M totalDigital Channels$32.50M · 53.6%
Local Distribution$15.25M · 25.1%
National Distribution$12.93M · 21.3%
Product / service
$60.68M totalDigital Channels$32.50M · 53.6%
Local Distribution$15.25M · 25.1%
National Distribution$12.93M · 21.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.21
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Groceries, General Line
Comparing INNOVATIVE FOOD HOLDINGS INC against the 5 most active filers in the same SIC group.