Farmer Brother Financials
This page shows Farmer Brother (FARM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Farmer Brother has an operating margin of -0.4%, meaning the company retains $-0 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 up from -0.7% the prior year.
Farmer Brother's revenue grew a modest 0.3% year-over-year to $342.3M. This slow but positive growth earns a score of 30/100.
Farmer Brother has elevated debt relative to equity (D/E of 2.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.
Farmer Brother's current ratio of 1.20 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.
Farmer Brother passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Farmer Brother generates $-1.11 in operating cash flow ($16.1M OCF vs -$14.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Farmer Brother earns $-0.2 in operating income for every $1 of interest expense (-$1.5M vs $7.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Farmer Brother generated $342.3M in revenue in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Farmer Brother's EBITDA was $10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.0% from the prior year.
Farmer Brother reported -$14.5M in net income in fiscal year 2025. This represents a decrease of 274.6% from the prior year.
Farmer Brother earned $-0.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 257.9% from the prior year.
Farmer Brother held $6.8M in cash against $0 in long-term debt as of fiscal year 2025.
Farmer Brother had 22M shares outstanding in fiscal year 2025. This represents an increase of 1.4% from the prior year.
Farmer Brother's gross margin was 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.3 percentage points from the prior year.
Farmer Brother's operating margin was -0.4% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.
Farmer Brother's net profit margin was -4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.
FARM Income Statement
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'24 | Q2'25 | Q1'25 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.9M+9.0% | $81.6M-0.6% | $82.1M-7.7% | $88.9M-0.6% | $89.5M+9.2% | $81.9M-30.9% | $118.4M+38.2% | $85.7M |
| Cost of Revenue | $56.7M+15.2% | $49.2M+3.4% | $47.5M-17.9% | $57.9M+8.5% | $53.3M+4.4% | $51.1M-38.8% | $83.5M+46.5% | $57.0M |
| Gross Profit | $32.3M-0.5% | $32.4M-6.0% | $34.5M+11.2% | $31.0M-14.1% | $36.1M+17.3% | $30.8M-12.0% | $35.0M+21.7% | $28.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.8M+0.1% | $8.8M+2.9% | $8.6M-0.4% | $8.6M-11.1% | $9.7M-24.8% | $12.8M+12.6% | $11.4M+20.9% | $9.4M |
| Operating Income | -$4.1M-30.0% | -$3.2M+10.7% | -$3.6M-9.6% | -$3.3M-173.0% | $4.5M+313.2% | -$2.1M+54.3% | -$4.6M+32.8% | -$6.8M |
| Interest Expense | $1.2M-9.4% | $1.3M-31.4% | $1.9M+3.9% | $1.9M-2.6% | $1.9M-14.2% | $2.2M-10.7% | $2.5M+11.8% | $2.2M |
| Income Tax | $0 | $0-100.0% | $187K+367.5% | $40K-75.6% | $164K+224.2% | -$132K-204.8% | $126K+320.0% | $30K |
| Net Income | -$4.9M-20.9% | -$4.0M+19.1% | -$5.0M+63.4% | -$13.6M-603.3% | $2.7M+306.9% | -$1.3M+75.9% | -$5.4M+52.6% | -$11.4M |
| EPS (Diluted) | $-0.22 | $-0.19 | $-0.23+68.5% | $-0.73-661.5% | $0.13+316.7% | $-0.06+80.6% | $-0.31+45.6% | $-0.57 |
FARM Balance Sheet
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'24 | Q2'25 | Q1'25 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $151.4M-4.6% | $158.8M-2.7% | $163.2M-11.9% | $185.2M+1.9% | $181.8M+2.1% | $178.1M-5.2% | $187.8M-42.2% | $325.0M |
| Current Assets | $83.6M-4.2% | $87.3M+3.2% | $84.6M-17.9% | $103.0M-1.4% | $104.4M-0.6% | $105.0M-7.1% | $113.0M-24.8% | $150.3M |
| Cash & Equivalents | $4.2M+9.6% | $3.8M-5.7% | $4.1M-30.5% | $5.8M-15.9% | $6.9M+71.7% | $4.0M-23.0% | $5.2M-27.7% | $7.3M |
| Inventory | $49.4M-10.5% | $55.2M+7.7% | $51.3M-10.4% | $57.2M+3.2% | $55.5M+2.2% | $54.3M+10.2% | $49.3M-40.1% | $82.3M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $115.8M-2.5% | $118.8M-5.7% | $125.9M-9.9% | $139.7M+0.8% | $138.6M-1.2% | $140.3M-6.3% | $149.7M-40.4% | $251.2M |
| Current Liabilities | $66.0M-6.0% | $70.2M+8.0% | $64.9M-15.7% | $77.0M+4.7% | $73.5M-4.1% | $76.7M-10.2% | $85.4M-5.9% | $90.7M |
| Long-Term Debt | N/A | N/A | N/A | $112.3M | N/A | N/A | $23.0M-79.4% | $111.5M |
| Total Equity | $35.7M-10.9% | $40.0M+7.4% | $37.3M-18.2% | $45.5M+5.3% | $43.3M+14.5% | $37.8M-0.8% | $38.1M-48.4% | $73.8M |
| Retained Earnings | -$53.8M-10.0% | -$48.9M-21.9% | -$40.1M-32.2% | -$30.4M-21.0% | -$25.1M+9.7% | -$27.8M-4.9% | -$26.5M-230.5% | $20.3M |
FARM Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'24 | Q2'25 | Q1'25 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$786K+84.3% | -$5.0M-483.4% | $1.3M+231.3% | -$995K+73.3% | -$3.7M+47.7% | -$7.1M-1095.5% | -$597K+93.9% | -$9.8M |
| Capital Expenditures | $1.8M-5.3% | $1.9M-2.9% | $2.0M-57.9% | $4.7M+41.4% | $3.3M-4.8% | $3.5M+5.0% | $3.3M-1.6% | $3.4M |
| Free Cash Flow | -$2.6M+62.3% | -$6.9M-914.5% | -$684K-105.6% | $12.3M+273.3% | -$7.1M+33.6% | -$10.6M-104.6% | -$5.2M+60.7% | -$13.2M |
| Investing Cash Flow | -$1.8M+6.6% | -$1.9M+30.4% | -$2.8M-303.3% | $1.4M-79.7% | $6.7M+16.3% | $5.7M-93.5% | $88.1M+4924.7% | -$1.8M |
| Financing Cash Flow | $2.9M-25.5% | $4.0M+8163.3% | -$49K+12.5% | -$56K+5.1% | -$59K-132.1% | $184K+100.2% | -$89.5M-10576.1% | -$838K |
| 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 |
FARM Financial Ratios
| Metric | Q2'26 | Q1'26 | Q3'25 | Q2'24 | Q2'25 | Q1'25 | Q2'23 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.3%-3.5pp | 39.8%-2.3pp | 42.0%+7.2pp | 34.9%-5.5pp | 40.4%+2.8pp | 37.6%+8.1pp | 29.5%-4.0pp | 33.5% |
| Operating Margin | -4.7%-0.8pp | -3.9%+0.4pp | -4.3%-0.7pp | -3.7%-8.6pp | 5.0%+7.5pp | -2.5%+1.3pp | -3.9%+4.1pp | -7.9% |
| Net Margin | -5.5%-0.5pp | -4.9%+1.1pp | -6.1%+9.2pp | -15.3%-18.3pp | 3.0%+4.6pp | -1.6%+3.0pp | -4.6%+8.8pp | -13.3% |
| Return on Equity | 0.5% | N/A | N/A | N/A | 6.3% | N/A | N/A | N/A |
| Return on Assets | -3.2%-0.7pp | -2.5%+0.5pp | -3.0%+1.0pp | -4.0%-5.5pp | 1.5%+2.2pp | -0.7%+0.8pp | -1.6%+1.9pp | -3.5% |
| Current Ratio | 1.27+0.0 | 1.24-0.1 | 1.30-0.0 | 1.34-0.1 | 1.42+0.1 | 1.37+0.0 | 1.32-0.3 | 1.66 |
| Debt-to-Equity | 3.25+0.3 | 2.97-0.4 | 3.38+0.3 | 3.07-0.1 | 3.20-0.5 | 3.71+3.1 | 0.60-0.9 | 1.51 |
| FCF Margin | -2.9%+5.6pp | -8.5%-7.7pp | -0.8%-14.6pp | 13.8%+21.7pp | -7.9%+5.1pp | -13.0%-8.6pp | -4.4%+11.1pp | -15.4% |
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Frequently Asked Questions
What is Farmer Brother's annual revenue?
Farmer Brother (FARM) reported $342.3M in total revenue for fiscal year 2025. This represents a 0.3% 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 Farmer Brother's revenue growing?
Farmer Brother (FARM) revenue grew by 0.3% year-over-year, from $341.1M to $342.3M in fiscal year 2025.
Is Farmer Brother profitable?
No, Farmer Brother (FARM) reported a net income of -$14.5M in fiscal year 2025, with a net profit margin of -4.2%.
What is Farmer Brother's earnings per share (EPS)?
Farmer Brother (FARM) reported diluted earnings per share of $-0.68 for fiscal year 2025. This represents a -257.9% 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 Farmer Brother's EBITDA?
Farmer Brother (FARM) had EBITDA of $10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Farmer Brother's gross margin?
Farmer Brother (FARM) had a gross margin of 43.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Farmer Brother's operating margin?
Farmer Brother (FARM) had an operating margin of -0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Farmer Brother's net profit margin?
Farmer Brother (FARM) had a net profit margin of -4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Farmer Brother's operating cash flow?
Farmer Brother (FARM) generated $16.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Farmer Brother's total assets?
Farmer Brother (FARM) had $161.2M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Farmer Brother have outstanding?
Farmer Brother (FARM) had 22M shares outstanding as of fiscal year 2025.
What is Farmer Brother's current ratio?
Farmer Brother (FARM) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.
What is Farmer Brother's debt-to-equity ratio?
Farmer Brother (FARM) had a debt-to-equity ratio of 2.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Farmer Brother's return on assets (ROA)?
Farmer Brother (FARM) had a return on assets of -9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Farmer Brother's Piotroski F-Score?
Farmer Brother (FARM) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Farmer Brother's earnings high quality?
Farmer Brother (FARM) has an earnings quality ratio of -1.11x, 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 Farmer Brother cover its interest payments?
Farmer Brother (FARM) 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 Farmer Brother?
Farmer Brother (FARM) 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.