Exhibit 99.2

Where Food Comes From, Inc.

2026 Second Quarter Conference Call

Call date: Thursday August 6, 2026

Call time: 10:00 a.m. Mountain Time

Jay Pfeiffer – Investor Relations

Good morning and welcome to the Where Food Comes From 2026 second quarter earnings call.

Joining me on the call today are CEO John Saunders, President and Chief Strategy Officer Leann Saunders, and CFO Dannette Henning.

During this call we’ll make forward-looking statements based on current expectations, estimates and projections that are subject to risk. Statements about financial performance, growth strategy, customers, business opportunities, market acceptance of our products and services, and potential acquisitions are forward looking statements. Listeners should not place undue reliance on these statements as there are many factors that could cause actual results to differ materially from our forward-looking statements. We encourage you to review our publicly filed documents as well as our news releases and website for more information.

I’ll now turn the call over to John Saunders.

John

Hello and thanks for joining the call today.

This morning, Where Food Comes From reported another quarter of revenue growth and solid profitability in spite of continued pressure on our flagship beef business due to fewer cattle moving through the system and record high beef prices. Once again, the reason we have been able to grow profitably in the face of persistent headwinds lies in the size and diversity of our solutions portfolio, which is constantly expanding as we introduce new standards and certifications across the food spectrum.

Today, Where Food Comes From is far and away the most diverse provider of food claims verification and certification. The growth of our service offerings over the years has been driven by a combination of M&A transactions and internal development in response to consumer preferences and industry trends. Some of these solutions were developed in collaboration with customers across the food supply chain who share our passion for giving consumers maximum transparency into how their food is raised. We now audit to more than 50 standards in categories as diverse as animal proteins, wine grapes and upcycled foods. We are the leading certifier of popular food claims ranging from animal welfare and sustainable practices to non-GMO, gluten free and organic.

Our CARE Certified program is the protein industry’s most advanced tool for certifying animal care and environmental stewardship. Our new RaiseWell® Certified program verifies animal welfare and natural practices and provides traceability from the farm through processing.

In the first quarter of this year, Whole Foods Market became the first major retailer to adopt RaiseWell. This adoption was for their beef supply and has led to strong early results with more than 270,000 head of cattle now enrolled by ranchers who provide beef to Whole Foods. RaiseWell was developed to address all animal proteins and we are now working to expand the program to include chicken, turkey, pork, lamb and eggs. By the way, both CARE and RaiseWell are figuring prominently into our service bundling strategy – particularly in conjunction with our Organic services – and this provides our customers with cost and time savings while enhancing our revenue and gross margins.

We are also sowing seeds on other new initiatives that we believe will grow over time and further strengthen our reputation as a one-stop-shop for verifications and certifications across an ever-larger spectrum.

So again, we are laser focused on expanding our portfolio with solutions that address consumer demands and help our customers differentiate their products. The size and scope of our portfolio is the cornerstone of the moat we have built for our business.

Turning now to second quarter financial results:

Total revenue in second quarter increased slightly to $6.6 million on the strength of verification and certification revenue of $5.4 million versus $5.3 million in Q2 last year.

Gross profit increased 9% year-over-year to $2.7 million from $2.5 million – with gross margins rising to 40.6% compared with 37.5% in the second quarter last year. These improvements were attributable to cost efficiencies achieved in all three business segments

Operating income in Q2 increased 21% year-over-year to $665,000 from $549,000.

Net income was $413,000, or 8 cents per share, compared to net income of $562,000, or 11 cents per share, in the same quarter last year.

I want to emphasize that the lower net income was mostly due to the non-cash impact of fair market value of digital assets that amounted to a $240,000 negative swing in the second quarter year over year. Additionally, the year-ago second quarter included $50,000 in dividend income related to our ownership interest in Progressive Beef that was divested last year. So, we believe our operating income – up 21% year over year – remains the most accurate measure of our profitability in the quarter.

Six-month results:

The Company generated $1.5 million in cash from operations year-to-date and closed the second quarter with $3.4 million in cash and cash equivalents, up from $3.2 million at 2025 year-end.

Due to our consistent ability to generate strong cash flows in combination with our belief that our own stock represents a good investment at current levels, we continued our aggressive buybacks in the second quarter, repurchasing approximately 65,000 shares and raising year-to-date buybacks to nearly 89,500 shares. Since the inception of our stock repurchase program in 2019, Where Food Comes From has returned more than $17.2 million in value to stockholders.

One final topic I want to address is M&A. As you know, over the past 14 years we’ve averaged one acquisition per year – adding products, services, standards, customers, new talent, and accretive revenue streams to our business. We successfully integrated each of these transactions into our business and are pleased to say that each has added value.

The industry we compete in is still in the early innings and changing dynamics due to geopolitical and regulatory events, evolving consumer demands and other factors are giving rise to new opportunities. As a result, after a roughly 3-year pause since our last transaction, we are renewing our focus on M&A as a means of accelerating growth, strengthening our business and building shareholder value. As always, a key criterion in this process is whether a given transaction would be immediately or at least near-term accretive to our overall business.

To be clear, we are just now beginning to re-engage in this process and I am not indicating any transactions are imminent. I just wanted to let you know we are dusting off the playbook and renewing our focus in this area.

With that in mind, Where Food Comes From will file a Shelf Registration Statement in the next day or so to better position the Company for potential M&A activity. Shelf Registrations provide companies with maximum financial flexibility and much quicker time to market to access capital growth. They are particularly effective in executing opportunistic M&A transactions. Shelf registrations are becoming more common for companies of all sizes and are considered to be good corporate governance. As an aside, in the first half of 2026 – once in May and once more in July – we had two occasions where our stock traded over $20 per share. With that in mind, it makes even more sense to have a shelf that could add value to the company and its stockholders during periods of extreme volatility.

So, with that, open the call to questions. Operator…

Question and Answer Session:

Question #1:

Terry Thompson, private investor

Congratulations on another consistent quarter. Did anybody have any idea of what caused those 2 price spikes up to over $20 this last year?

John Saunders

Co-Founder, CEO & Executive Chairman

I’ll let Jay answer that one.

Jay Pfeiffer

Vice President of Investor Relations

Yes, that’s the million-dollar question. And the short answer is no. We’ve worked with NASDAQ and their market surveillance department, and we’ve talked to investors and unfortunately, we just can’t pinpoint it. It’s somebody that felt from the speculative side of things, all we can deduce is somebody that felt that they want to own the stock and they’re willing to bid it up to own it. So that’s the good news. We just don’t know who it is.

Terry Thompson

Okay. I kind of figured that would be the answer, but I had to ask. Again, thanks to all and nice to hear from you all.

Question #2

Chris Brown

I really had 2 quick questions. The first one is with respect to the headlines out in the food world with respect to Cyclospora and earlier the screwworm issue, kind of, what you guys are doing to take advantage of a renewed focus on food safety?

Second would be if you’d ever consider breaking out the non-beef certification business from the beef to allow investors to understand a little bit better the growth in the non-beef area and understand how patient we need to be to wait for beef to rebound?

John Saunders

Co-Founder, CEO & Executive Chairman

Great questions, Chris. I’m going to let Leann answer the first one.

Leann Saunders

Co-Founder, President, Chief Strategy Officer & Director

Chris, so I’ll attempt to answer it. We feel like we’ve positioned ourselves as well as we possibly could in the instance of an animal disease issue like screwworm. I think the challenge with screwworm, in particular, is that it’s caused by flies. So we — as we talk to people in the industry, it’s hard to electronically identify flies, right? So there’s mitigation things that are happening with the USDA. But I think where we’ve been well positioned is — we have an ongoing relationship with CattleTrace, which CattleTrace is a nonprofit organization that’s been really working on voluntary methods of animal identification and traceability. And we work with them very closely. In fact, we administer their activity.

And then also just in the world of biosecurity, we’ve been doing biosecurity audits and building out what are called secure beef supply plans now for a number of years for locations, which is becoming more and more important as you look at state animal health officials deciding when cattle can and cannot move. And all of our programs on the beef side require an electronic identification means. All of that becomes part of the solution in the event of an animal disease. So I think we’ve positioned ourselves well to be at the topic of conversation and have had multiple conversations actually with the USDA on the front — on that front, particularly.

When it comes to food safety, similarly, across our platforms, across all of our divisions, we — our Validus Verifications division has a program called Safe Quality Food. And so we are a leader — that division is a leader in SQF audits on farm. And that is becoming the mechanism for large organizations like a Walmart, for example, that are starting to say they want their supply chains to have those SQF audits in place, which are food safety protocols.

John Saunders

Co-Founder, CEO & Executive Chairman

And specifically, in the case of Cyclospora, I think what we’ve talked about many times in the past is that we do not verify food safety relative to specifically a lot of leafy greens and lower-value vegetables, primarily because there is a lot of risk relative to it. And I think that what we’re seeing right now is obviously something that’s going to impact our business in the sense that there will continue to be a focus on the food safety issue specifically.

Relative to the beef question, that’s a great point to mention, Chris, and we’ve talked about the long-term future of the cattle industry in the U.S. I think one of the things that we believe very strongly, and you’re seeing it with RaiseWell specifically, is our ability to meet the needs of a company like Whole Foods across all of the proteins that they sell. So the one danger in us divesting of any particular species or product is our inability to continue to provide that type of full range complementary service to, again, a company like Whole Foods or Walmart.

Chris Brown

I appreciate that. My question is more just breaking out your results from the businesses, but I understand your answer.

John Saunders

Co-Founder, CEO & Executive Chairman

Okay. I didn’t understand that. I’ll — Dan, do you want to take a shot at that one?

Chris Brown

If you need me to explain, it’s more just if we can see clearly your growth in some of those other businesses versus your — what you’ve historically called the cyclical beef business? It might help investors understand all the investments and growth you’re getting away from beef.

Jay Pfeiffer

Vice President of Investor Relations

Yes. Chris, this is Jay. Sorry, we — everybody misunderstood your question, but I think we’re on it now. But just to clarify, you’re asking, can we break out what percentage of our revenue is beef versus non-beef-related verification certification activity?

Chris Brown

Yes, it’s more just to allow investors to understand these other areas you’ve been investing in away from what’s been a very cyclical beef category. That’s exactly right. And you guys probably know better than us. So that was more of an open-ended question for you to consider.

John Saunders

Co-Founder, CEO & Executive Chairman

Understood. Sorry for the misunderstanding. No, that’s a great comment. I think that is — we will definitely take that under consideration. We can definitely do it. It’s just how we do it. Yes. And just so it’s clear, beef is roughly 50% of our revenue, Chris.

Operator

Ladies and gentlemen, that concludes our question-and-answer session. I’ll turn the floor back to Mr. Saunders for final comments.

John Saunders

Co-Founder, CEO & Executive Chairman

Once again, thank you all for your time and your commitment. Have a great day, and we’ll talk to you in 3 months.

Operator

This concludes today’s conference. You may disconnect your lines at this time, and thank you for your participation.