What is Forafric Global Ord's earnings per share (EPS)?

Forafric Global Ord (AFRI) reported diluted earnings per share of $-0.45 for fiscal year 2025. This represents a 48.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Forafric Global Ord Financials

AFRI

Source SEC Filings (10-K/10-Q) Updated May 15, 2026 Currency USD FYE May

This page shows Forafric Global Ord (AFRI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AFRI FY2024 2026-05-15

Cash is being freed from working capital even as thin margins and short-term liabilities define the operating model.

FY2024 produced $21.7M of free cash flow despite a -$24.3M net loss, a cash-conversion gap that points to working capital rather than earnings. That is the case here: versus FY2023, inventory and receivables fell by about $28.3M combined while gross margin stayed near 10.0%, so cash improved because the operating asset base shrank, not because the business became more profitable.

The balance-sheet cushion has nearly vanished, with equity at $5.3M versus $240.8M of liabilities in FY2024. Current assets of $77.4M against current liabilities of $207.3M show a business that relies on fast inventory turns and supplier financing rather than abundant liquidity.

The core spread has structurally narrowed: gross margin moved from 20.6% in FY2020 to 10.0% in FY2024, so each sales dollar now leaves far less room to absorb overhead. Interest expense outpacing operating income across the last four years means the financing burden has been heavier than the operating engine's earning power.

Financial Health Signals

Financial Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Forafric Global Ord's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Forafric Global Ord has an operating margin of -2.0%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -2.8% the prior year.

Growth

Forafric Global Ord's revenue declined 35.6% year-over-year, from $274.2M to $176.5M. This contraction results in a growth score of 0/100.

Leverage

Forafric Global Ord has a moderate D/E ratio of 2.65. This balance of debt and equity financing earns a leverage score of 48/100.

Liquidity

Forafric Global Ord's current ratio of 0.33 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Forafric Global Ord generated $356K in operating cash flow, capex of $517K consumed most of it, leaving -$161K in free cash flow. This results in a low score of 35/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Forafric Global Ord generates a -223.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -457.6% the prior year.

Piotroski F-Score Neutral

4/9

Forafric Global Ord passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.02x

For every $1 of reported earnings, Forafric Global Ord generates $-0.02 in operating cash flow ($356K OCF vs -$14.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.2x

Forafric Global Ord earns $-0.2 in operating income for every $1 of interest expense (-$3.6M vs $14.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$176.5M

YoY-35.6%

5Y CAGR-2.1%

Forafric Global Ord generated $176.5M in revenue in fiscal year 2025. This represents a decrease of 35.6% from the prior year.

EBITDA

$2.2M

YoY+187.9%

5Y CAGR-31.0%

Forafric Global Ord's EBITDA was $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 187.9% from the prior year.

Net Income

-$14.9M

YoY+38.8%

Forafric Global Ord reported -$14.9M in net income in fiscal year 2025. This represents an increase of 38.8% from the prior year.

EPS (Diluted)

$-0.45

YoY+48.3%

Forafric Global Ord earned $-0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 48.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$161K

YoY-100.7%

Forafric Global Ord generated -$161K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.7% from the prior year.

Cash & Debt

$14.3M

YoY+17.0%

5Y CAGR+2.4%

Forafric Global Ord held $14.3M in cash against $17.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

27M

YoY+0.1%

Forafric Global Ord had 27M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

10.4%

YoY+0.5pp

5Y CAGR-10.1pp

Forafric Global Ord's gross margin was 10.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin

-2.0%

YoY+0.8pp

5Y CAGR-7.0pp

Forafric Global Ord's operating margin was -2.0% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin

-8.4%

YoY+0.4pp

5Y CAGR-8.4pp

Forafric Global Ord's net profit margin was -8.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.

Return on Equity

-223.7%

YoY+233.9pp

5Y CAGR-223.5pp

Forafric Global Ord's ROE was -223.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 233.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$517K

YoY-70.9%

5Y CAGR-4.7%

Forafric Global Ord invested $517K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 70.9% from the prior year.

AFRI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$176.5M-35.6%	$274.2M-9.2%	$302.0M+6.3%	$283.9M+8.5%	$261.7M+33.1%	$196.6M
Cost of Revenue	$158.1M-36.0%	$246.9M-9.7%	$273.4M+7.3%	$254.7M+16.1%	$219.3M+40.4%	$156.2M
Gross Profit	$18.4M-32.7%	$27.3M-4.2%	$28.5M-2.3%	$29.2M-31.1%	$42.4M+4.9%	$40.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$22.0M-37.4%	$35.1M+28.6%	$27.3M+1.3%	$26.9M-30.9%	$39.0M+27.7%	$30.5M
Operating Income	-$3.6M+54.2%	-$7.8M-724.9%	$1.2M-45.4%	$2.3M-32.8%	$3.4M-65.8%	$9.9M
Interest Expense	$14.3M+11.7%	$12.8M-8.6%	$14.0M+12.0%	$12.5M+20.8%	$10.4M+51.3%	$6.8M
Income Tax	$1.4M-16.2%	$1.7M+180.3%	$589K+131.9%	-$1.8M-1971.9%	-$89K-162.2%	$143K
Net Income	-$14.9M+38.8%	-$24.3M-91.9%	-$12.7M+33.7%	-$19.1M-139.6%	-$8.0M-7156.4%	-$110K
EPS (Diluted)	$-0.45+48.3%	$-0.87-85.1%	$-0.47+34.7%	$-0.72-89.5%	$-0.38	N/A

Metric	Q3'25	Q1'25	Q3'24	Q3'23	Q3'22
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

AFRI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$246.9M+0.3%	$246.1M-20.5%	$309.4M+0.7%	$307.2M+2.4%	$299.9M	N/A
Current Assets	$68.2M-11.9%	$77.4M-36.2%	$121.2M-15.6%	$143.6M+22.1%	$117.5M	N/A
Cash & Equivalents	$14.3M+17.0%	$12.2M-49.0%	$24.0M-3.3%	$24.8M+72.5%	$14.4M+13.5%	$12.7M
Inventory	$14.1M-7.5%	$15.2M-46.4%	$28.4M+4.3%	$27.2M-27.5%	$37.6M	N/A
Accounts Receivable	$14.0M-22.3%	$18.0M-48.2%	$34.7M+12.5%	$30.9M-4.5%	$32.3M	N/A
Goodwill	$46.6M+8.6%	$42.9M-2.6%	$44.0M+5.6%	$41.7M-19.2%	$51.6M+7.3%	$48.1M
Total Liabilities	$240.3M-0.2%	$240.8M-14.1%	$280.2M+6.9%	$262.2M+3.9%	$252.3M	N/A
Current Liabilities	$207.6M+0.2%	$207.3M-18.3%	$253.7M+6.5%	$238.2M+17.4%	$202.9M	N/A
Long-Term Debt	$17.6M+34.4%	$13.1M+11.6%	$11.8M+19.6%	$9.8M-30.4%	$14.1M	N/A
Total Equity	$6.7M+25.2%	$5.3M-81.8%	$29.2M-35.0%	$45.0M-5.7%	$47.7M-8.4%	$52.0M
Retained Earnings	-$154.6M-10.7%	-$139.7M-21.1%	-$115.4M-12.3%	-$102.7M-22.9%	-$83.5M	N/A

Metric	Q3'25	Q1'25	Q3'24	Q3'23	Q3'22
Total Assets	$246.1M-14.3%	$287.1M-7.2%	$309.4M+0.7%	$307.2M+2.4%	$299.9M
Current Assets	$77.4M-25.6%	$104.1M-14.2%	$121.2M-15.6%	$143.6M+22.1%	$117.5M
Cash & Equivalents	$12.2M-25.3%	$16.4M-31.8%	$24.0M-3.3%	$24.8M+72.5%	$14.4M
Inventory	$15.2M-46.9%	$28.7M+1.0%	$28.4M+4.3%	$27.2M-27.5%	$37.6M
Accounts Receivable	$18.0M-50.4%	$36.3M+4.5%	$34.7M+12.5%	$30.9M-4.5%	$32.3M
Goodwill	$42.9M-10.7%	$48.0M+9.1%	$44.0M+5.6%	$41.7M-19.2%	$51.6M
Total Liabilities	$240.8M-11.1%	$270.8M-3.4%	$280.2M+6.9%	$262.2M+3.9%	$252.3M
Current Liabilities	$207.3M-15.5%	$245.3M-3.3%	$253.7M+6.5%	$238.2M+17.4%	$202.9M
Long-Term Debt	$13.1M+23.9%	$10.6M-9.9%	$11.8M+19.6%	$9.8M-30.4%	$14.1M
Total Equity	$5.3M-67.4%	$16.3M-44.2%	$29.2M-35.0%	$45.0M-5.7%	$47.7M
Retained Earnings	-$139.7M-9.0%	-$128.1M-11.1%	-$115.4M-12.3%	-$102.7M-22.9%	-$83.5M

AFRI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$356K-98.5%	$23.5M-29.6%	$33.3M+157.9%	-$57.6M-121.0%	-$26.0M-126.9%	-$11.5M
Capital Expenditures	$517K-70.9%	$1.8M-81.3%	$9.5M+112.2%	$4.5M-7.5%	$4.8M+635.6%	$657K
Free Cash Flow	-$161K-100.7%	$21.7M-9.0%	$23.8M+138.4%	-$62.0M-100.9%	-$30.9M-154.4%	-$12.1M
Investing Cash Flow	$7.3M+453.0%	-$2.1M+79.0%	-$9.8M-144.1%	-$4.0M+72.2%	-$14.5M-1976.4%	-$699K
Financing Cash Flow	-$6.1M+81.6%	-$33.2M-56.7%	-$21.2M-128.2%	$75.0M+75.4%	$42.8M+127.8%	$18.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q1'25	Q3'24	Q3'23	Q3'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

AFRI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	10.4%+0.5pp	10.0%+0.5pp	9.4%-0.8pp	10.3%-5.9pp	16.2%-4.4pp	20.5%
Operating Margin	-2.0%+0.8pp	-2.8%-3.2pp	0.4%-0.4pp	0.8%-0.5pp	1.3%-3.7pp	5.0%
Net Margin	-8.4%+0.4pp	-8.9%-4.7pp	-4.2%+2.5pp	-6.7%-3.7pp	-3.0%-3.0pp	-0.1%
Return on Equity	-223.7%+233.9pp	-457.6%-414.2pp	-43.4%-0.9pp	-42.5%-25.8pp	-16.8%-16.5pp	-0.2%
Return on Assets	-6.0%+3.9pp	-9.9%-5.8pp	-4.1%+2.1pp	-6.2%-3.6pp	-2.7%	N/A
Current Ratio	0.33-0.0	0.37-0.1	0.48-0.1	0.60+0.0	0.58	N/A
Debt-to-Equity	2.65+0.2	2.47+2.1	0.40+0.2	0.22-0.1	0.30	N/A
FCF Margin	-0.1%-8.0pp	7.9%+0.0pp	7.9%+29.8pp	-21.9%-10.1pp	-11.8%-5.6pp	-6.2%

Metric	Q3'25	Q1'25	Q3'24	Q3'23	Q3'22
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.37-0.1	0.42-0.1	0.48-0.1	0.60+0.0	0.58
Debt-to-Equity	2.47+1.8	0.65+0.2	0.40+0.2	0.22-0.1	0.30
FCF Margin	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Forafric Global Ord's annual revenue?

Forafric Global Ord (AFRI) reported $176.5M in total revenue for fiscal year 2025. This represents a -35.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forafric Global Ord's revenue growing?

Forafric Global Ord (AFRI) revenue declined by 35.6% year-over-year, from $274.2M to $176.5M in fiscal year 2025.

Is Forafric Global Ord profitable?

No, Forafric Global Ord (AFRI) reported a net income of -$14.9M in fiscal year 2025, with a net profit margin of -8.4%.

What is Forafric Global Ord's EBITDA?

Forafric Global Ord (AFRI) had EBITDA of $2.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Forafric Global Ord have?

As of fiscal year 2025, Forafric Global Ord (AFRI) had $14.3M in cash and equivalents against $17.6M in long-term debt.

What is Forafric Global Ord's gross margin?

Forafric Global Ord (AFRI) had a gross margin of 10.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Forafric Global Ord's operating margin?

Forafric Global Ord (AFRI) had an operating margin of -2.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Forafric Global Ord's net profit margin?

Forafric Global Ord (AFRI) had a net profit margin of -8.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Forafric Global Ord's return on equity (ROE)?

Forafric Global Ord (AFRI) has a return on equity of -223.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Forafric Global Ord's free cash flow?

Forafric Global Ord (AFRI) generated -$161K in free cash flow during fiscal year 2025. This represents a -100.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Forafric Global Ord's operating cash flow?

Forafric Global Ord (AFRI) generated $356K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Forafric Global Ord's total assets?

Forafric Global Ord (AFRI) had $246.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Forafric Global Ord's capital expenditures?

Forafric Global Ord (AFRI) invested $517K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Forafric Global Ord have outstanding?

Forafric Global Ord (AFRI) had 27M shares outstanding as of fiscal year 2025.

What is Forafric Global Ord's current ratio?

Forafric Global Ord (AFRI) had a current ratio of 0.33 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Forafric Global Ord's debt-to-equity ratio?

Forafric Global Ord (AFRI) had a debt-to-equity ratio of 2.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Forafric Global Ord's return on assets (ROA)?

Forafric Global Ord (AFRI) had a return on assets of -6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Forafric Global Ord's Piotroski F-Score?

Forafric Global Ord (AFRI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Forafric Global Ord's earnings high quality?

Forafric Global Ord (AFRI) has an earnings quality ratio of -0.02x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Forafric Global Ord cover its interest payments?

Forafric Global Ord (AFRI) has an interest coverage ratio of -0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Forafric Global Ord?

Forafric Global Ord (AFRI) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.