Farmmi Inc (FAMI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Feb 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FAMI SEC filings page.
Farmmi Inc (FAMI) reported $28.0M in revenue for fiscal year 2025, down 56.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Farmmi's dominant mechanic is shrinking sales paired with thin margins and unusually large swings between reported earnings and cash.
FY2025's accounting loss did not translate into cash consumption: operating cash flow was$52.5M despite a net loss of$53.1M . The reversal from operating cash flow of-$16.8M in FY2024 coincided with accounts receivable falling to$13.1M from$32.5M , indicating that working-capital release and noncash items, rather than ongoing operating profitability, drove the cash result.
Revenue fell from
The balance sheet remains lightly debt-funded but less liquid in structure: liabilities rose to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Farmmi Inc'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.
Farmmi Inc's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 8/100.
Farmmi Inc's revenue declined 56.4% year-over-year, from $64.1M to $28.0M. This contraction results in a growth score of 1/100.
Farmmi Inc carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.35, Farmmi Inc holds $9.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Farmmi Inc's reported free cash flow margin for fiscal year 2025 is above the highest share of revenue this page publishes, so the figure is not shown here. This dimension scores 100/100.
Farmmi Inc posts a -42.8% return on equity (ROE), meaning it loses $43 for every $100 of shareholders' equity. This results in a returns score of 13/100. This is down from -2.7% the prior year.
Farmmi Inc scores -0.65, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.6M) relative to total liabilities ($23.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Farmmi Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Farmmi Inc reported a net loss of $53.1M while generating $52.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Farmmi Inc held $804K in cash against $1.8M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
FAMI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FAMI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $147.0M-21.3% | $230.4M+34.0% | $186.7M+6.8% | $171.9M-1.5% | $174.8M+6.7% | $174.6M-0.1% | $163.8M-1.1% | $174.8M+266.4% |
| Current Assets | $93.1M-42.5% | $109.9M-29.2% | $161.9M+2.4% | $155.3M-0.8% | $158.2M+3.2% | $156.6M-3.7% | $153.3M-1.3% | $162.6M+248.5% |
| Cash & Equivalents | $804K+65.3% | $890K-20.8% | $487K-96.2% | $1.1M-98.4% | $12.8M-68.9% | $69.4M+354.1% | $41.2M-30.5% | $15.3M+6.8% |
| Short-Term Investments | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $648-99.6% | $6K | $184K-93.3% |
| Inventory | $1.5M-71.9% | $1.6M-94.9% | $5.5M+40.7% | $30.3M+6750.9% | $3.9M+444.7% | $442K-91.7% | $716K-47.8% | $5.3M+529.0% |
| Accounts Receivable | $13.1M-59.7% | $4.6M-79.9% | $32.5M+31.5% | $23.0M-15.8% | $24.7M+50.9% | $27.3M+42.8% | $16.4M-33.2% | $19.2M+38.8% |
| Long-Term Investments | $200K-97.2% | $7.0M+6928.0% | $7.3M+7167.4% | $100K-98.6% | $100K-28.9% | $7.3M+4547.8% | $141K | $158K |
| Total Liabilities | $23.2M+38.6% | $64.2M+749.6% | $16.7M+30.4% | $7.6M-39.8% | $12.8M+40.9% | $12.6M+202.7% | $9.1M+85.9% | $4.1M-51.1% |
| Current Liabilities | $10.0M-1.0% | $58.6M+722.7% | $10.1M-6.1% | $7.1M-40.0% | $10.7M+29.2% | $11.9M+262.0% | $8.3M+99.9% | $3.3M-58.6% |
| Non-Current Liabilities | $13.2M+98.6% | $5.6M+1189.0% | $6.7M+215.3% | $437K-37.7% | $2.1M+160.8% | $701K-19.8% | $809K+8.2% | $874K+51.5% |
| Long-Term Debt | $1.8M-16.9% | $3.4M | $2.2M+31.8% | $0-100.0% | $1.7M+465.4% | $177K+81.0% | $292K+105.5% | $98K |
| Total Equity | $124.1M-27.0% | $166.4M+1.3% | $170.0M+4.9% | $164.4M+1.5% | $162.0M+4.7% | $162.0M-5.1% | $154.7M-3.8% | $170.6M+345.4% |
| Retained Earnings | -$39.8M-400.7% | $13.2M-28.6% | $13.2M-21.6% | $18.5M+8.2% | $16.9M+13.4% | $17.1M+39.6% | $14.9M+63.3% | $12.3M+50.7% |
Not reported in any period shown, so not listed: Goodwill.
FAMI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FAMI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Farmmi Inc FAMI | FY2025 | $28.0M | -$53.1M | N/A | $4.6M | 51/100 |
| Arcadia Bioscien RKDA | FY2025 | $4.9M | -$2.3M | -48.1% | $1.2M | 45/100 |
| Healthy Choice Wellness Corp HCWC | FY2025 | $78.2M | -$3.9M | -5.0% | $6.7M | 43/100 |
| Naturl Alt Intl NAII | FY2025 | $129.9M | -$13.6M | -10.4% | $13.3M | 29/100 |
| Nocera NCRA | FY2025 | $11.0M | -$2.9M | -26.1% | $4.6M | 30/100 |
| CIMG Inc IMG | FY2025 | $10.3M | -$4.9M | -47.4% | $3.4M | 17/100 |
Where Farmmi Inc Ranks
Frequently Asked Questions
What is Farmmi Inc's annual revenue?
Farmmi Inc (FAMI) reported $28.0M in total revenue for fiscal year 2025. This represents a -56.4% 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 Farmmi Inc's revenue growing?
Farmmi Inc (FAMI) revenue declined by 56.4% year-over-year, from $64.1M to $28.0M in fiscal year 2025.
Is Farmmi Inc profitable?
No, Farmmi Inc (FAMI) reported a net income of -$53.1M in fiscal year 2025.
What is Farmmi Inc's EBITDA?
Farmmi Inc (FAMI) had EBITDA of -$55.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Farmmi Inc have?
As of fiscal year 2025, Farmmi Inc (FAMI) had $804K in cash and equivalents against $1.8M in long-term debt.
What is Farmmi Inc's gross margin?
Farmmi Inc (FAMI) had a gross margin of 2.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Farmmi Inc's return on equity (ROE)?
Farmmi Inc (FAMI) has a return on equity of -42.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Farmmi Inc's free cash flow?
Farmmi Inc (FAMI) generated $52.4M in free cash flow during fiscal year 2025. This represents a 412.1% 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 Farmmi Inc's operating cash flow?
Farmmi Inc (FAMI) generated $52.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Farmmi Inc's total assets?
Farmmi Inc (FAMI) had $147.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Farmmi Inc's capital expenditures?
Farmmi Inc (FAMI) invested $17K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Farmmi Inc's current ratio?
Farmmi Inc (FAMI) had a current ratio of 9.35 as of fiscal year 2025, which is generally considered healthy.
What is Farmmi Inc's debt-to-equity ratio?
Farmmi Inc (FAMI) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Farmmi Inc's return on assets (ROA)?
Farmmi Inc (FAMI) had a return on assets of -36.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Farmmi Inc's P/E ratio?
Farmmi Inc (FAMI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $4.6M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Farmmi Inc's price-to-sales ratio?
Farmmi Inc (FAMI) trades at 0.2x sales, its market capitalization divided by revenue of $28.0M revenue, FY2025. The market capitalization is $4.6M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Farmmi Inc's Altman Z-Score?
Farmmi Inc (FAMI) has an Altman Z-Score of -0.65, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Farmmi Inc's Piotroski F-Score?
Farmmi Inc (FAMI) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Farmmi Inc's earnings high quality?
Farmmi Inc (FAMI) reported a net loss of $53.1M while generating $52.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
How financially healthy is Farmmi Inc?
Farmmi Inc (FAMI) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.