LOWELL FARMS INC (LOWLF) 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 10-Q for Q3 FY2024, filed Nov 14, 2024. Each column of the statement tables below links to the filing it was taken from.
LOWELL FARMS INC (LOWLF) reported $19.2M in revenue over the twelve months to Sep 30, 2024, down 36.3% from the prior twelve months. This page shows its 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).
Shrinking sales are colliding with negative gross margins, while cash preservation comes from reduced investment and financing rather than profitable operations.
Cash conversion remains weak: operating cash flow was-$6.0M in FY2023 even as free cash flow improved to-$6.2M . With capital expenditures only$135K , the smaller cash deficit reflects reduced reinvestment more than stronger operations.
Revenue fell
Assets contracted from
Financial Health Signals
LOWELL FARMS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
LOWELL FARMS INC scores -7.41, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($309K) relative to total liabilities ($26.1M). 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.
LOWELL FARMS INC passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
LOWELL FARMS INC reported a net loss of $37.3M while operations used $6.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
LOWELL FARMS INC generated $3.2M in revenue in Q3 2024. This represents a decrease of 47.8% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.
LOWELL FARMS INC's EBITDA was -$2.6M in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 24.9%.
LOWELL FARMS INC reported -$3.6M in net income in Q3 2024. This represents an increase of 82.0% from the same quarter a year earlier. Against the prior quarter it is down 354.8%.
LOWELL FARMS INC earned -$0.19 per diluted share (EPS) in Q3 2024. Against the prior quarter it is down 375.0%.
Cash & Balance Sheet
LOWELL FARMS INC recorded an outflow of $916K in free cash flow in Q3 2024, representing a cash shortfall after capex. This represents an increase of 63.5% from the same quarter a year earlier. Against the prior quarter it is down 72.2%.
LOWELL FARMS INC held $320K in cash as of Q3 2024; long-term debt is not reported for that period.
Not reported for Q3 2024.
Margins & Returns
LOWELL FARMS INC's gross margin was -29.0% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 21.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.3 percentage points.
LOWELL FARMS INC's operating margin was -85.6% in Q3 2024, reflecting core business profitability. This is down 39.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 23.6 percentage points.
LOWELL FARMS INC's ROE was -86.3% in Q3 2024, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 76.1 percentage points.
Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
LOWELL FARMS INC reported no capital expenditure in Q3 2024. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q3 2024.
Not reported for Q3 2024.
LOWLF 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.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2M-47.8% | $3.5M-49.7% | $4.9M-35.2% | $7.5M-19.3% | $6.2M-28.2% | $7.0M-46.7% | $7.5M-39.4% | $9.3M-38.4% |
| Cost of Revenue | $4.2M-37.1% | $4.1M-44.5% | $5.7M-22.9% | $14.3M+16.1% | $6.7M-36.9% | $7.4M-36.9% | $7.4M-31.8% | $12.3M-27.3% |
| Gross Profit | -$940K-111.7% | -$554K-62.5% | -$827K-726.5% | -$6.8M-125.3% | -$444K+76.6% | -$341K-122.8% | $132K-91.6% | -$3.0M-62.5% |
| SG&A Expenses | $1.4M-22.8% | $1.1M-32.4% | $1.6M-7.2% | $2.2M+1.6% | $1.9M-28.8% | $1.6M-39.2% | $1.7M-22.7% | $2.1M-38.0% |
| Operating Income | -$2.8M+3.2% | -$2.2M+18.8% | -$2.9M-21.2% | -$9.6M-50.1% | -$2.9M+45.1% | -$2.7M+10.8% | -$2.4M+3.1% | -$6.4M+21.6% |
| EBITDA | -$2.6M+5.4% | -$2.1M+19.2% | -$2.1M-75.2% | -$5.9M-663.8% | -$2.8M+46.0% | -$2.6M+10.8% | -$1.2M-25.1% | -$773K+85.3% |
| Interest Expense | $2K-99.9% | $5K-99.6% | $9K-99.5% | N/A | $1.6M-28.1% | $1.2M-13.9% | $1.7M+26.6% | N/A |
| Income Tax | $403K | $0 | $0 | $161K+573.5% | $0-100.0% | $0-100.0% | $0-100.0% | -$34K-61.9% |
| Net Income | -$3.6M+82.0% | -$798K-993.2% | -$2.9M+28.5% | -$13.1M-17.5% | -$20.2M-322.1% | -$73K+98.4% | -$4.0M+0.4% | -$11.1M-11.3% |
| EPS (Basic) | -$0.19+88.6% | -$0.04-300.0% | -$0.15+54.5% | -$0.72+25.8% | -$1.66-286.0% | -$0.01+75.0% | -$0.33-725.0% | -$0.97-708.3% |
| EPS (Diluted) | -$0.19 | -$0.04 | -$0.15 | -$0.72 | -$1.66 | -$0.01 | -$0.33 | -$0.97 |
| Diluted Shares (Avg) | 19M | 19M | 19M | N/A | 12M | 12M | 12M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
LOWLF 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 | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.4M-75.1% | $31.0M-76.7% | $34.3M-69.9% | $37.6M-68.3% | $114.4M-11.8% | $132.9M+2.7% | $114.1M-15.4% | $118.8M-13.5% |
| Current Assets | $5.6M-68.8% | $7.0M-67.0% | $9.7M-37.0% | $12.1M-31.2% | $18.1M-29.1% | $21.4M-18.1% | $15.4M-48.7% | $17.6M-44.1% |
| Cash & Equivalents | $320K-94.2% | $642K-92.4% | $1.2M-9.2% | $2.3M+110.5% | $5.5M+67.0% | $8.4M+282.0% | $1.3M-78.0% | $1.1M-86.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.9M-78.1% | $2.9M-69.2% | $4.2M-58.1% | $4.8M-55.8% | $8.8M-38.0% | $9.5M-36.3% | $10.1M-36.2% | $10.8M-19.2% |
| Accounts Receivable | $2.3M-14.4% | $1.8M-31.3% | $2.1M-27.2% | $2.6M-37.1% | $2.6M-54.8% | $2.7M-55.6% | $2.8M-49.7% | $4.2M-49.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $24.3M-73.1% | $23.1M-74.0% | $25.7M-63.2% | $26.1M-63.0% | $90.3M+24.9% | $88.8M+31.5% | $70.0M+2.2% | $70.7M+5.4% |
| Current Liabilities | $7.6M-76.7% | $6.2M-79.8% | $8.6M-73.0% | $8.6M-71.9% | $32.5M+214.0% | $30.6M+163.8% | $31.8M+163.9% | $30.6M+202.8% |
| Non-Current Liabilities | $16.7M-71.1% | $17.0M-70.9% | $17.2M-55.0% | $17.5M-56.3% | $57.9M-6.6% | $58.2M+4.1% | $38.2M-32.4% | $40.1M-29.7% |
| Long-Term Debt | N/A | $1K-100.0% | $2K-100.0% | $0-100.0% | $22.2M-30.9% | $22.2M-32.3% | $31.4M+136129.8% | $8.7M+37966.1% |
| Total Equity | $4.2M-82.5% | $7.8M-82.3% | $8.6M-80.5% | $11.5M-76.1% | $24.0M-58.1% | $44.1M-28.8% | $44.1M-33.5% | $48.1M-31.6% |
| Retained Earnings | -$188.3M-12.1% | -$184.7M-25.0% | -$183.9M-24.5% | -$181.0M-26.0% | -$167.9M-26.7% | -$147.7M-15.7% | -$147.7M-19.9% | -$143.6M-20.6% |
Not reported in any period shown, so not listed: Goodwill.
LOWLF 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.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$916K+62.9% | -$532K+60.1% | -$1.0M-212.4% | -$3.1M-2320.0% | -$2.5M+15.6% | -$1.3M+46.9% | $912K+204.3% | -$130K+98.3% |
| Depreciation & Amortization | $160K+56.9% | $98K-9.3% | $808K-32.4% | $966K-56.4% | $102K-6.4% | $108K-12.2% | $1.2M-20.8% | $2.2M+65.1% |
| Stock-Based Compensation | N/A | N/A | $26K-56.7% | N/A | N/A | N/A | $60K-62.7% | N/A |
| Capital Expenditures | $0-100.0% | $0-100.0% | $0-100.0% | $77K-94.2% | $39K-97.9% | -$10K-98.2% | $29K-94.0% | $1.3M-13.4% |
| Free Cash Flow | -$916K+63.5% | -$532K+60.4% | -$1.0M-216.1% | -$3.2M-120.8% | -$2.5M+47.9% | -$1.3M+56.0% | $883K+165.1% | -$1.5M+84.0% |
| Investing Cash Flow | $595K+1625.6% | $0-100.0% | $0+100.0% | -$77K+94.0% | -$39K+97.9% | $10K+101.8% | -$29K+94.0% | -$1.3M-22.8% |
| Financing Cash Flow | -$1K+99.8% | -$1K-100.0% | -$111K+83.8% | $36K+104.6% | -$413K-107.0% | $8.5M+1448.2% | -$687K-6.7% | -$775K-63.8% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LOWLF 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.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.0%-21.8pp | -15.7%-10.8pp | -17.0%-18.7pp | -90.6%-58.1pp | -7.1%+14.8pp | -4.9%-16.2pp | 1.8%-10.9pp | -32.4%-20.1pp |
| Operating Margin | -85.6%-39.4pp | -62.0%-23.6pp | -59.2%-27.6pp | -128.3% | -46.2%+14.2pp | -38.4%-15.4pp | -31.6%-11.8pp | -69.0%-14.7pp |
| Net Margin | -111.9% | -22.6%-21.5pp | -59.3%-5.6pp | -174.2% | -324.7% | -1.0%+34.0pp | -53.7%-21.0pp | -119.7% |
| Return on Equity | -86.3%-2.3pp | -10.2%-10.0pp | -33.5%-24.4pp | -113.8%-90.7pp | -84.0%-75.6pp | -0.2%+7.3pp | -9.2%-3.0pp | -23.1%-8.9pp |
| Return on Assets | -12.8%+4.9pp | -2.6%-2.5pp | -8.4%-4.9pp | -34.7%-25.4pp | -17.6%-14.0pp | -0.1%+3.5pp | -3.5%-0.5pp | -9.3%-2.1pp |
| Current Ratio | 0.75+0.2x | 1.14+0.4x | 1.13+0.6x | 1.40+0.8x | 0.56-1.9x | 0.70-1.5x | 0.49-2.0x | 0.57-2.5x |
| Debt-to-Equity | 5.78+4.9x | 0.00-0.5x | 0.00-0.7x | 0.00-0.2x | 0.92+0.4x | 0.500.0x | 0.71+0.7x | 0.18+0.2x |
| Asset Turnover | 0.11+0.1x | 0.11+0.1x | 0.14+0.1x | 0.20+0.1x | 0.050.0x | 0.050.0x | 0.070.0x | 0.080.0x |
| FCF Margin | -28.2%+12.2pp | -15.0%+4.1pp | -21.0%-32.8pp | -43.0%-27.3pp | -40.4%+15.2pp | -19.1%+4.1pp | 11.7%+22.7pp | -15.7%+44.8pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Where LOWELL FARMS INC Ranks
Frequently Asked Questions
What is LOWELL FARMS INC's annual revenue?
LOWELL FARMS INC (LOWLF) reported $28.3M in total revenue for fiscal year 2023. This represents a -35.1% 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 LOWELL FARMS INC's revenue growing?
LOWELL FARMS INC (LOWLF) revenue declined by 35.1% year-over-year, from $43.5M to $28.3M in fiscal year 2023.
Is LOWELL FARMS INC profitable?
No, LOWELL FARMS INC (LOWLF) reported a net income of -$37.3M in fiscal year 2023.
What is LOWELL FARMS INC's EBITDA?
LOWELL FARMS INC (LOWLF) had EBITDA of -$12.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LOWELL FARMS INC have?
As of fiscal year 2023, LOWELL FARMS INC (LOWLF) had $2.3M in cash and equivalents against $0 in long-term debt.
What is LOWELL FARMS INC's gross margin?
LOWELL FARMS INC (LOWLF) had a gross margin of -26.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is LOWELL FARMS INC's operating margin?
LOWELL FARMS INC (LOWLF) had an operating margin of -62.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is LOWELL FARMS INC's return on equity (ROE)?
LOWELL FARMS INC (LOWLF) has a return on equity of -325.3% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is LOWELL FARMS INC's free cash flow?
LOWELL FARMS INC (LOWLF) recorded an outflow of $6.2M in free cash flow during fiscal year 2023. This represents a 42.2% 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 LOWELL FARMS INC's operating cash flow?
LOWELL FARMS INC (LOWLF) recorded an outflow of $6.0M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are LOWELL FARMS INC's total assets?
LOWELL FARMS INC (LOWLF) had $37.6M in total assets as of fiscal year 2023, including both current and long-term assets.
What are LOWELL FARMS INC's capital expenditures?
LOWELL FARMS INC (LOWLF) invested $135K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is LOWELL FARMS INC's current ratio?
LOWELL FARMS INC (LOWLF) had a current ratio of 1.40 as of fiscal year 2023, which is considered adequate.
What is LOWELL FARMS INC's debt-to-equity ratio?
LOWELL FARMS INC (LOWLF) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LOWELL FARMS INC's return on assets (ROA)?
LOWELL FARMS INC (LOWLF) had a return on assets of -99.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is LOWELL FARMS INC's P/E ratio?
LOWELL FARMS INC (LOWLF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2024). The market capitalization is $309K 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 LOWELL FARMS INC's price-to-sales ratio?
LOWELL FARMS INC (LOWLF) trades at 0.0x sales, its market capitalization divided by revenue of $19.2M revenue, trailing 12 months to September 30, 2024. The market capitalization is $309K as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does LOWELL FARMS INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, LOWELL FARMS INC (LOWLF) held $2.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.0M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is LOWELL FARMS INC's Altman Z-Score?
LOWELL FARMS INC (LOWLF) has an Altman Z-Score of -7.41, 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 LOWELL FARMS INC's Piotroski F-Score?
LOWELL FARMS INC (LOWLF) has a Piotroski F-Score of 5 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 LOWELL FARMS INC's earnings high quality?
LOWELL FARMS INC (LOWLF) reported a net loss of $37.3M while operations used $6.0M of cash. With neither figure positive, 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.