Agrify Corp Financials
This page shows Agrify Corp (AGFY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Agrify Corp has an operating margin of -28183.3%, meaning the company retains $-28183 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -67.1% the prior year.
Agrify Corp's revenue declined 99.9% year-over-year, from $15.1M to $18K. This contraction results in a growth score of 0/100.
Agrify Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Agrify Corp's current ratio of 1.41 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
While Agrify Corp generated -$11.6M in operating cash flow, capex of $4K consumed most of it, leaving -$11.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Agrify Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Agrify Corp generates $0.28 in operating cash flow (-$11.6M OCF vs -$41.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Agrify Corp earns $-5.1 in operating income for every $1 of interest expense (-$5.1M vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Agrify Corp generated $18K in revenue in fiscal year 2024. This represents a decrease of 99.9% from the prior year.
Agrify Corp's EBITDA was -$3.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.8% from the prior year.
Agrify Corp generated -$11.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 62.7% from the prior year.
Agrify Corp reported -$41.7M in net income in fiscal year 2024. This represents a decrease of 123.8% from the prior year.
Agrify Corp earned $-40.92 per diluted share (EPS) in fiscal year 2024. This represents an increase of 78.2% from the prior year.
Agrify Corp held $31.2M in cash against $1K in long-term debt as of fiscal year 2024.
Agrify Corp had 2M shares outstanding in fiscal year 2024. This represents an increase of 14.7% from the prior year.
Agrify Corp's gross margin was -394.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 421.0 percentage points from the prior year.
Agrify Corp's operating margin was -28183.3% in fiscal year 2024, reflecting core business profitability. This is down 28116.2 percentage points from the prior year.
Agrify Corp's net profit margin was -231922.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 231799.1 percentage points from the prior year.
Agrify Corp invested $743K in research and development in fiscal year 2024. This represents a decrease of 67.6% from the prior year.
Agrify Corp invested $4K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 93.2% from the prior year.
AGFY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0M+98.0% | $2.0M+279.6% | $538K | N/A | $1.9M-35.4% | $3.0M+15.2% | $2.6M+129.3% | $1.1M |
| Cost of Revenue | $2.7M+96.2% | $1.4M+203.6% | $448K | N/A | $1.7M-8.5% | $1.9M-23.3% | $2.4M+853.3% | -$323K |
| Gross Profit | $1.4M+101.6% | $682K+657.8% | $90K | N/A | $225K-80.0% | $1.1M+583.0% | $165K-88.7% | $1.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | $168K-9.2% | $185K-32.7% | $275K-36.2% | $431K |
| SG&A Expenses | $10.3M+37.2% | $7.5M+97.3% | $3.8M | N/A | $1.2M+80.2% | $677K-56.4% | $1.6M+133.8% | -$4.6M |
| Operating Income | -$8.9M-30.7% | -$6.8M-83.7% | -$3.7M | N/A | -$1.2M-43.0% | -$853K-341.6% | $353K-95.2% | $7.3M |
| Interest Expense | $1.4M+155.5% | $548K+119.2% | $250K | N/A | $0 | $0 | $0+100.0% | -$2.3M |
| Income Tax | N/A | N/A | N/A | N/A | -$150K-2900.0% | -$5K | N/A | N/A |
| Net Income | -$10.7M-44.9% | -$7.4M-352.6% | -$1.6M | N/A | -$18.7M-527.6% | -$3.0M-170.2% | $4.2M+638.0% | $574K |
| EPS (Diluted) | $-5.33-42.5% | $-3.74-350.6% | $-0.83 | N/A | $-17.28 | $-3.16-183.6% | $3.78 | $-154.60 |
AGFY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $115.2M+65.8% | $69.5M+52.3% | $45.6M-15.5% | $54.0M+38.7% | $39.0M-1.1% | $39.4M-3.1% | $40.6M-10.2% | $45.3M |
| Current Assets | $43.9M-5.3% | $46.4M+70.6% | $27.2M-21.7% | $34.7M+67.0% | $20.8M+0.3% | $20.7M+0.2% | $20.7M-13.9% | $24.0M |
| Cash & Equivalents | $35.6M-13.1% | $41.0M+67.5% | $24.4M-21.6% | $31.2M+11751.7% | $263K+396.2% | $53K-44.2% | $95K-78.1% | $434K |
| Inventory | $4.6M+109.1% | $2.2M+199.3% | $738K+47.6% | $500K-97.2% | $18.1M-1.9% | $18.4M-1.2% | $18.6M+274.8% | $5.0M |
| Accounts Receivable | $2.6M+64.2% | $1.6M+312.6% | $381K+1170.0% | $30K-90.9% | $328K+20.6% | $272K+28.9% | $211K-75.3% | $855K |
| Goodwill | $9.7M0.0% | $9.7M0.0% | $9.7M0.0% | $9.7M | N/A | N/A | N/A | N/A |
| Total Liabilities | $103.4M+113.2% | $48.5M+158.0% | $18.8M-27.5% | $25.9M-22.6% | $33.5M+8.4% | $30.9M-33.0% | $46.1M-23.1% | $60.0M |
| Current Liabilities | $22.1M+25.8% | $17.5M-3.7% | $18.2M-26.2% | $24.7M-11.1% | $27.8M+10.4% | $25.1M-5.9% | $26.7M-35.2% | $41.2M |
| Long-Term Debt | $8.0M-80.3% | $40.6M+282.7% | $10.6M+1061400.0% | $1K-100.0% | $6.2M+35.9% | $4.6M | N/A | $16.0M |
| Total Equity | $11.7M-44.1% | $21.0M-21.8% | $26.8M-4.5% | $28.1M+414.7% | $5.5M-35.8% | $8.5M+255.8% | -$5.5M+62.9% | -$14.7M |
| Retained Earnings | -$327.2M-3.4% | -$316.5M-2.4% | -$309.2M-0.6% | -$307.3M-8.5% | -$283.2M-7.1% | -$264.5M-1.1% | -$261.6M+1.5% | -$265.6M |
AGFY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.4M+36.1% | -$8.4M-25.3% | -$6.7M-26.0% | -$5.3M-271.9% | -$1.4M+21.6% | -$1.8M+38.8% | -$3.0M+40.7% | -$5.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $2K0.0% | $2K | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1.8M+38.7% | -$3.0M+40.6% | -$5.0M |
| Investing Cash Flow | -$50.0M | N/A | N/A | -$394K-9950.0% | $4K-50.0% | $8K-97.6% | $328K+685.7% | -$56K |
| Financing Cash Flow | $50.0M+66.7% | $30.0M+3000100.0% | -$1K-100.0% | $36.6M+2133.5% | $1.6M-7.8% | $1.8M-23.5% | $2.3M-56.7% | $5.4M |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
AGFY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.0%+0.6pp | 33.4%+16.7pp | 16.7% | N/A | 11.6%-26.0pp | 37.6%+31.3pp | 6.3% | N/A |
| Operating Margin | -219.8%+113.1pp | -332.9%+355.0pp | -687.9% | N/A | -63.1%-34.6pp | -28.5%-42.1pp | 13.6%-634.5pp | 648.1% |
| Net Margin | -263.8%+96.6pp | -360.4%-58.2pp | -302.2% | N/A | -964.4%-865.1pp | -99.3%-262.3pp | 163.1%+112.4pp | 50.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -9.3%+1.3pp | -10.6%-7.0pp | -3.6% | N/A | -47.9%-40.3pp | -7.5%-18.0pp | 10.4%+9.2pp | 1.3% |
| Current Ratio | 1.99-0.7 | 2.64+1.2 | 1.49+0.1 | 1.41+0.7 | 0.75-0.1 | 0.82+0.0 | 0.77+0.2 | 0.58 |
| Debt-to-Equity | 0.68-1.3 | 1.94+1.5 | 0.40+0.4 | 0.00-1.1 | 1.13+0.6 | 0.54+9.0 | -8.46-7.4 | -1.09 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -61.2%+53.9pp | -115.1%+329.3pp | -444.4% |
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Frequently Asked Questions
What is Agrify Corp's annual revenue?
Agrify Corp (AGFY) reported $18K in total revenue for fiscal year 2024. This represents a -99.9% 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 Agrify Corp's revenue growing?
Agrify Corp (AGFY) revenue declined by 99.9% year-over-year, from $15.1M to $18K in fiscal year 2024.
Is Agrify Corp profitable?
No, Agrify Corp (AGFY) reported a net income of -$41.7M in fiscal year 2024, with a net profit margin of -231922.2%.
What is Agrify Corp's earnings per share (EPS)?
Agrify Corp (AGFY) reported diluted earnings per share of $-40.92 for fiscal year 2024. This represents a 78.2% 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.
What is Agrify Corp's EBITDA?
Agrify Corp (AGFY) had EBITDA of -$3.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Agrify Corp have?
As of fiscal year 2024, Agrify Corp (AGFY) had $31.2M in cash and equivalents against $1K in long-term debt.
What is Agrify Corp's gross margin?
Agrify Corp (AGFY) had a gross margin of -394.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Agrify Corp's operating margin?
Agrify Corp (AGFY) had an operating margin of -28183.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Agrify Corp's net profit margin?
Agrify Corp (AGFY) had a net profit margin of -231922.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Agrify Corp's free cash flow?
Agrify Corp (AGFY) generated -$11.6M in free cash flow during fiscal year 2024. This represents a 62.7% 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 Agrify Corp's operating cash flow?
Agrify Corp (AGFY) generated -$11.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Agrify Corp's total assets?
Agrify Corp (AGFY) had $54.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Agrify Corp's capital expenditures?
Agrify Corp (AGFY) invested $4K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Agrify Corp spend on research and development?
Agrify Corp (AGFY) invested $743K in research and development during fiscal year 2024.
How many shares does Agrify Corp have outstanding?
Agrify Corp (AGFY) had 2M shares outstanding as of fiscal year 2024.
What is Agrify Corp's current ratio?
Agrify Corp (AGFY) had a current ratio of 1.41 as of fiscal year 2024, which is considered adequate.
What is Agrify Corp's debt-to-equity ratio?
Agrify Corp (AGFY) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Agrify Corp's return on assets (ROA)?
Agrify Corp (AGFY) had a return on assets of -77.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Agrify Corp's cash runway?
Based on fiscal year 2024 data, Agrify Corp (AGFY) had $31.2M in cash against an annual operating cash burn of $11.6M. This gives an estimated cash runway of approximately 32 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Agrify Corp's Piotroski F-Score?
Agrify Corp (AGFY) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Agrify Corp's earnings high quality?
Agrify Corp (AGFY) has an earnings quality ratio of 0.28x, considered low quality (accrual-driven). 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 Agrify Corp cover its interest payments?
Agrify Corp (AGFY) has an interest coverage ratio of -5.1x, 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 Agrify Corp?
Agrify Corp (AGFY) scores 27 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.