What is S&W SEED CO's earnings per share (EPS)?

S&W SEED CO (SANW) reported diluted earnings per share of -$13.21 for fiscal year 2024. 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.

S&W SEED CO (SANW) Financials

SANW

Trailing 12 months to March 31, 2025

Revenue $55.0M +6.9% YoY

Net Income -$32.2M -28.3% YoY

EPS (Diluted) -$21.66 YoY not available

Free Cash Flow -$1.9M +79.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2025, ended Mar 31, 2025 Reported May 15, 2025 Currency USD FYE June

Newest figures come from the 10-Q for Q3 FY2025, filed May 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SANW SEC filings page.

S&W SEED CO (SANW) reported $55.0M in revenue over the twelve months to Mar 31, 2025, up 6.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 SANW FY2024 2026-10-03

Improved gross margins have not overcome persistent operating losses, while short-term obligations now exceed current assets.

FY2023 paired a net profit of $14.4M with operating cash flow of -$19.0M, separating accounting earnings from cash generation. In FY2024, a net loss of $30.0M coincided with operating cash flow of -$5.6M, so cash usage improved even as profitability deteriorated.

Gross margin rose from 8.9% in FY2022 to 26.2% in FY2024 despite lower sales, pointing to a product or cost mix shift rather than scale-driven expansion. But FY2024’s operating margin was -29.3%, showing that overhead still consumed more than the gross profit generated.

The balance sheet is lightly debt-funded but increasingly reliant on short-term financing: debt-to-equity was 0.1x, while the current ratio slipped to 0.9x in FY2024. The reported liquidity measure was 0.6 months of latest annual operating outflow, indicating that near-term funding capacity is more constrained than long-term debt leverage.

Financial Health Signals

Financial health score not available

S&W SEED CO 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.

Piotroski F-Score Neutral

4/9

S&W SEED CO passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

N/A

S&W SEED CO reported a net loss of $30.0M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

S&W SEED CO reported an operating loss of $17.7M against $5.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.6M

YoY+2.0%

QoQ+88.2%

5Y CAGR-20.0%

10Y CAGR-11.0%

S&W SEED CO generated $9.6M in revenue in Q3 2025. This represents an increase of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 88.2%.

EBITDA

-$85K

YoY+96.5%

QoQ+97.7%

S&W SEED CO's EBITDA was -$85K in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 96.5% from the same quarter a year earlier. Against the prior quarter it is up 97.7%.

Net Income

-$2.2M

YoY+59.3%

QoQ-34.6%

S&W SEED CO reported -$2.2M in net income in Q3 2025. This represents an increase of 59.3% from the same quarter a year earlier. Against the prior quarter it is down 34.6%.

EPS (Diluted)

-$1.04

QoQ-44.4%

S&W SEED CO earned -$1.04 per diluted share (EPS) in Q3 2025. Against the prior quarter it is down 44.4%.

Cash & Balance Sheet

Free Cash Flow

-$3.1M

YoY+63.6%

QoQ-192.9%

S&W SEED CO recorded an outflow of $3.1M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents an increase of 63.6% from the same quarter a year earlier. Against the prior quarter it is down 192.9%.

Cash & Debt

$354K

YoY+107.3%

QoQ-74.6%

5Y CAGR-47.0%

10Y CAGR-18.2%

S&W SEED CO held $354K in cash against $4.5M in long-term debt as of Q3 2025.

Shares Outstanding

QoQ+0.1%

5Y CAGR-42.2%

10Y CAGR-16.7%

S&W SEED CO had 2M shares outstanding in Q3 2025. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q3 2025.

Margins & Returns

Gross Margin

37.7%

YoY+13.1pp

QoQ+0.7pp

5Y change+15.7pp

10Y change+14.4pp

S&W SEED CO's gross margin was 37.7% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is up 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Operating Margin

-6.9%

YoY+27.6pp

QoQ+78.6pp

5Y change+2.4pp

10Y change-18.9pp

S&W SEED CO's operating margin was -6.9% in Q3 2025, reflecting core business profitability. This is up 27.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 78.6 percentage points.

Net Margin

-23.4%

YoY+35.3pp

QoQ+9.3pp

5Y change-12.1pp

10Y change-21.9pp

S&W SEED CO's net profit margin was -23.4% in Q3 2025, showing the share of revenue converted to profit. This is up 35.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.

Return on Equity

-8.3%

YoY+2.4pp

QoQ-2.6pp

5Y change-4.5pp

10Y change-7.4pp

S&W SEED CO's ROE was -8.3% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.

Capital Allocation

R&D Spending

$735K

YoY-4.3%

QoQ-11.8%

5Y CAGR-18.5%

10Y CAGR+1.8%

S&W SEED CO invested $735K in research and development in Q3 2025. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 11.8%.

Share Buybacks

S&W SEED CO repurchased no shares in Q3 2025.

Capital Expenditures

$13K

YoY-76.4%

QoQ-77.4%

5Y CAGR-47.2%

10Y CAGR-27.9%

S&W SEED CO invested $13K in capex in Q3 2025, funding long-term assets and infrastructure. This represents a decrease of 76.4% from the same quarter a year earlier. Against the prior quarter it is down 77.4%.

SANW 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.

SANW quarterly income statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$55.0M	$60.4M-17.8%	$73.5M+3.0%	$71.4M-15.1%	$84.0M+5.6%	$79.6M-27.5%	$109.7M+71.2%	$64.1M-15.0%	$75.4M-21.5%	$96.0M+18.3%	$81.2M+57.6%	$51.5M+38.0%	$37.3M+163.9%	$14.1M+288.5%	$3.6M
Cost of Revenue	$40.9M	$44.6M-24.3%	$59.0M-9.3%	$65.0M-7.6%	$70.4M+8.9%	$64.6M-6.3%	$69.0M+39.9%	$49.3M-16.7%	$59.2M-23.7%	$77.7M+20.2%	$64.6M+55.4%	$41.6M+23.2%	$33.7M+229.5%	$10.2M+349.0%	$2.3M
Gross Profit	$14.1M	$15.8M+8.7%	$14.5M+128.8%	$6.4M-53.5%	$13.7M-8.4%	$14.9M-63.3%	$40.7M+175.9%	$14.8M-8.6%	$16.1M-12.2%	$18.4M+10.8%	$16.6M+66.5%	$10.0M+177.4%	$3.6M-8.0%	$3.9M+187.2%	$1.4M
R&D Expenses	$4.1M	$4.1M-22.4%	$5.2M-32.1%	$7.7M-9.5%	$8.5M+16.1%	$7.3M+17.0%	$6.3M+61.3%	$3.9M+28.2%	$3.0M+9.7%	$2.8M+46.2%	$1.9M+124.9%	$841K+66.2%	$506K+108.6%	$243K-46.1%	$450K
SG&A Expenses	$21.0M	$21.7M-3.1%	$22.4M-8.3%	$24.5M+11.9%	$21.9M+2.4%	$21.3M+22.1%	$17.5M+66.5%	$10.5M-10.9%	$11.8M+13.4%	$10.4M+8.1%	$9.6M+41.2%	$6.8M+18.3%	$5.8M+107.8%	$2.8M+28.0%	$2.2M
Operating Income	-$18.5M	-$17.7M+1.4%	-$17.9M+45.3%	-$32.8M-61.8%	-$20.3M-8.0%	-$18.8M-275.7%	-$5.0M-66.8%	-$3.0M-24.3%	-$2.4M-217.9%	$2.0M-14.4%	$2.4M+124.7%	$1.1M+131.5%	-$3.4M-643.6%	$620K+141.4%	-$1.5M
EBITDA	N/A	-$13.4M-1.7%	-$13.2M+51.8%	-$27.3M-84.8%	-$14.8M-7.8%	-$13.7M-1486.6%	-$865K-294.1%	$446K-51.4%	$917K-82.5%	$5.2M+14.5%	$4.6M+96.1%	$2.3M+187.1%	-$2.7M-399.6%	$892K+171.1%	-$1.3M
Interest Expense	$5.4M	$5.5M+32.0%	$4.2M+79.3%	$2.3M+2.2%	$2.3M+15.8%	$2.0M-31.7%	$2.9M+54.9%	$1.9M+40.6%	$1.3M-36.5%	$2.1M+13.9%	$1.8M+204.8%	$601K+164.7%	$227K+983.8%	$21K	N/A
Income Tax	$512K	$496K+165.0%	-$764K-284.7%	$413K+1797.3%	-$24K-106.3%	$386K+359.5%	-$149K-204.0%	$143K-98.1%	$7.6M+417.4%	-$2.4M-184.1%	-$846K-1071.1%	$87K+106.5%	-$1.3M-773.9%	$199K+129.1%	-$686K
Net Income	-$32.2M	-$30.0M-308.4%	$14.4M+139.6%	-$36.4M-89.8%	-$19.2M+2.6%	-$19.7M-111.4%	-$9.3M-96.9%	-$4.7M+60.0%	-$11.8M-3336.9%	$365K+111.5%	-$3.2M-947.8%	$373K+114.8%	-$2.5M-771.2%	$375K+146.2%	-$811K
EPS (Basic)	N/A	-$13.21-306.4%	$6.40+788.2%	-$0.93-69.1%	-$0.55+6.8%	-$0.59-90.3%	-$0.31-47.6%	-$0.21+68.7%	-$0.67-3450.0%	$0.02+108.0%	-$0.25-933.3%	$0.03+110.3%	-$0.29-583.3%	$0.06+142.9%	-$0.14
EPS (Diluted)	-$21.66	-$13.21	$6.38	-$0.93-69.1%	-$0.55+6.8%	-$0.59-90.3%	-$0.31-47.6%	-$0.21+68.7%	-$0.67-3450.0%	$0.02+108.0%	-$0.25-933.3%	$0.03+110.3%	-$0.29-583.3%	$0.06+142.9%	-$0.14
Diluted Shares (Avg)	N/A	2M	2M	39M+13.1%	35M+3.7%	33M+10.8%	30M+33.9%	22M+26.9%	18M+18.6%	15M+16.8%	13M+9.0%	12M+33.8%	9M+48.5%	6M+1.8%	6M

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Revenue	$9.6M+2.0%	$5.1M-38.5%	$8.3M-22.8%	$32.1M+39.0%	$9.4M-47.0%	$8.3M-36.1%	$10.8M-45.9%	$23.1M+15.3%
Cost of Revenue	$5.9M-15.8%	$3.2M-32.4%	$7.0M-13.2%	$24.8M+22.8%	$7.1M-46.6%	$4.7M-53.6%	$8.0M-47.7%	$20.2M-4.4%
Gross Profit	$3.6M+56.4%	$1.9M-46.7%	$1.3M-51.0%	$7.2M+153.9%	$2.3M-48.0%	$3.5M+28.5%	$2.7M-39.5%	$2.9M+350.9%
R&D Expenses	$735K-4.3%	$833K+15.1%	$742K-4.8%	$1.8M+77.3%	$767K-36.5%	$724K-51.9%	$779K-48.6%	$1.0M-40.6%
SG&A Expenses	$3.0M-25.4%	$4.7M+10.5%	$4.0M-3.6%	$9.4M+82.2%	$4.0M-33.9%	$4.2M-32.0%	$4.2M-17.9%	$5.1M-17.4%
Operating Income	-$663K+79.5%	-$4.3M-97.1%	-$4.2M-41.5%	-$9.3M-111.2%	-$3.2M+17.2%	-$2.2M+64.7%	-$3.0M+12.0%	-$4.4M+63.3%
EBITDA	-$85K+96.5%	-$3.6M-163.3%	-$3.4M-56.5%	-$7.4M-123.8%	-$2.4M+13.7%	-$1.4M+72.3%	-$2.2M-5.9%	-$3.3M+68.6%
Interest Expense	$657K-11.3%	$830K+16.6%	$762K-19.7%	$3.1M+173.3%	$740K-36.4%	$712K-34.8%	$949K+20.6%	$1.1M+80.5%
Income Tax	$4K+122.7%	$2K-15.4%	$1K+109.3%	$505K+319.3%	$2K+100.3%	$2K+100.6%	-$12K+87.9%	$120K+10037.2%
Net Income	-$2.2M+59.3%	-$1.7M+74.3%	-$16.2M-172.8%	-$12.1M-67.9%	-$5.5M-117.1%	-$6.5M-8.1%	-$5.9M-32.0%	-$7.2M+44.1%
EPS (Basic)	-$1.04+56.8%	-$0.72+74.7%	-$7.11-170.3%	-$12.79-7893.7%	-$2.41-421.3%	-$2.85-1935.7%	-$2.63-2290.9%	-$0.16+48.4%
EPS (Diluted)	-$1.04	-$0.72	-$7.11	-$12.79	-$2.41	-$2.85	-$2.63	-$0.16+48.4%
Diluted Shares (Avg)	2M	2M	2M	N/A	2M	2M	2M	N/A

SANW Balance Sheet

SANW quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$120.7M-20.6%	$152.0M+13.6%	$133.8M-11.7%	$151.5M-2.9%	$156.0M+6.6%	$146.4M+6.2%	$137.8M+17.6%	$117.1M-7.8%	$127.0M+3.8%	$122.3M+37.0%	$89.3M+4.3%	$85.6M+288.4%	$22.0M+45.4%	$15.2M
Current Assets	$63.4M-24.6%	$84.1M+8.9%	$77.2M-12.1%	$87.9M-0.6%	$88.4M-3.5%	$91.6M+14.7%	$79.9M+40.8%	$56.7M-1.5%	$57.6M+1.3%	$56.9M+2.6%	$55.4M+7.1%	$51.8M+197.1%	$17.4M+50.0%	$11.6M
Cash & Equivalents	$287K-91.6%	$3.4M+65.3%	$2.1M-41.7%	$3.5M-14.4%	$4.1M+20.1%	$3.4M-20.6%	$4.3M+480.0%	$745K-89.2%	$6.9M+95.3%	$3.5M+202.8%	$1.2M-90.1%	$11.8M+43.1%	$8.2M+120.3%	$3.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$22.6M-49.8%	$45.1M-17.3%	$54.5M-14.0%	$63.4M-0.8%	$63.9M-10.4%	$71.3M+18.0%	$60.4M+91.9%	$31.5M+44.1%	$21.8M-14.4%	$25.5M-10.4%	$28.5M+10.3%	$25.8M+322.2%	$6.1M+8.0%	$5.7M
Accounts Receivable	$14.6M-40.6%	$24.6M+29.2%	$19.1M-1.7%	$19.4M+1.9%	$19.0M+42.2%	$13.4M-3.5%	$13.9M-40.4%	$23.2M-15.9%	$27.6M+3.3%	$26.7M+10.2%	$24.3M+91.0%	$12.7M+367.4%	$2.7M+50.6%	$1.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$0-100.0%	$1.7M+9.5%	$1.5M	$0-100.0%	$10.3M0.0%	$10.3M0.0%	$10.3M+6.9%	$9.6M+95.0%	$4.9M+2.2%	$4.8M	$0	N/A
Total Liabilities	$75.7M-2.8%	$77.9M+0.4%	$77.6M+0.6%	$77.1M+3.3%	$74.6M+60.9%	$46.4M-17.2%	$56.0M+0.3%	$55.9M-5.7%	$59.2M-15.9%	$70.5M+86.5%	$37.8M+6.4%	$35.5M+1766.6%	$1.9M+219.9%	$595K
Current Liabilities	$69.2M-2.9%	$71.3M+47.6%	$48.3M-21.0%	$61.1M+16.2%	$52.6M+55.0%	$33.9M-20.0%	$42.4M-17.4%	$51.3M+23.9%	$41.4M-2.6%	$42.5M+28.5%	$33.1M+9.3%	$30.2M+1488.6%	$1.9M+219.9%	$595K
Non-Current Liabilities	$6.5M-2.3%	$6.6M-77.5%	$29.3M+83.2%	$16.0M-27.4%	$22.0M+77.0%	$12.4M-8.7%	$13.6M+198.5%	$4.6M-74.4%	$17.8M-36.2%	$28.0M+491.6%	$4.7M-10.6%	$5.3M	$0	$0
Long-Term Debt	$4.7M+4.9%	$4.5M+12.7%	$4.0M-65.6%	$11.6M-19.1%	$14.3M+17.9%	$12.2M-6.3%	$13.0M+1083.9%	$1.1M-90.1%	$11.1M+4.0%	$10.7M+139.9%	$4.5M-4.6%	$4.7M	$0	N/A
Total Equity	$39.3M-43.0%	$68.8M+33.9%	$51.4M-30.9%	$74.4M-8.5%	$81.3M-18.7%	$100.0M+22.3%	$81.7M+33.5%	$61.2M-9.7%	$67.8M+30.6%	$51.9M+0.7%	$51.5M+2.9%	$50.1M+148.7%	$20.1M+38.2%	$14.6M
Retained Earnings	-$122.1M-32.8%	-$91.9M+13.2%	-$105.9M-52.7%	-$69.3M-38.2%	-$50.1M-64.6%	-$30.5M-44.0%	-$21.2M-28.7%	-$16.4M-256.2%	-$4.6M+7.3%	-$5.0M-174.1%	-$1.8M+17.0%	-$2.2M-770.4%	$327K+776.8%	-$48K

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Total Assets	$69.6M-47.7%	$73.3M-49.0%	$96.6M-35.1%	$120.7M-20.6%	$133.2M-15.9%	$143.7M+7.0%	$148.8M+10.0%	$152.0M+13.6%
Current Assets	$31.5M-54.2%	$34.2M-55.6%	$46.6M-43.3%	$63.4M-24.6%	$68.7M-22.3%	$77.1M-5.6%	$82.1M+1.8%	$84.1M+8.9%
Cash & Equivalents	$354K+107.3%	$1.4M+25.0%	$480K-51.4%	$287K-91.6%	$171K-89.1%	$1.1M-16.1%	$987K-19.4%	$3.4M+65.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$16.9M-61.2%	$21.0M-54.3%	$26.5M-38.2%	$22.6M-49.8%	$43.5M-21.9%	$46.0M-13.1%	$42.9M-13.8%	$45.1M-17.3%
Accounts Receivable	$11.4M-49.2%	$8.4M-58.1%	$16.6M-40.6%	$14.6M-40.6%	$22.5M+10.0%	$20.0M-17.1%	$27.9M+0.9%	$24.6M+29.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$36.6M-52.0%	$38.3M-52.9%	$60.2M-25.3%	$75.7M-2.8%	$76.4M-1.6%	$81.4M-6.6%	$80.6M-3.7%	$77.9M+0.4%
Current Liabilities	$31.4M-54.9%	$33.2M-55.5%	$54.9M-25.3%	$69.2M-2.9%	$69.7M-2.4%	$74.4M-7.0%	$73.4M-4.0%	$71.3M+47.6%
Non-Current Liabilities	$5.2M-21.7%	$5.2M-25.3%	$5.3M-25.9%	$6.5M-2.3%	$6.7M+7.2%	$6.9M-2.0%	$7.2M-0.8%	$6.6M-77.5%
Long-Term Debt	$4.5M-6.7%	$4.6M-5.6%	$4.7M-2.8%	$4.7M+4.9%	$4.9M+33.3%	$4.9M+30.3%	$4.8M+27.0%	$4.5M+12.7%
Total Equity	$26.8M-47.6%	$29.0M-49.0%	$30.5M-51.4%	$39.3M-43.0%	$51.2M-32.4%	$56.8M+35.0%	$62.8M+34.7%	$68.8M+33.9%
Retained Earnings	-$142.6M-29.8%	-$140.2M-34.1%	-$138.4M-41.3%	-$122.1M-32.8%	-$109.9M-29.9%	-$104.6M+10.3%	-$98.0M+11.3%	-$91.9M+13.2%

Not reported in any period shown, so not listed: Goodwill.

SANW Cash Flow Statement

SANW quarterly cash flow statement

Metric	TTM	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$403K	-$5.6M+70.3%	-$19.0M-3.3%	-$18.4M-29.2%	-$14.2M-146.7%	-$5.8M-127.1%	$21.3M+195.9%	-$22.2M-115.5%	-$10.3M-253.4%	$6.7M-39.6%	$11.1M+162.2%	-$17.9M-258.9%	-$5.0M-14689.7%	$34K+100.9%	-$3.7M
Depreciation & Amortization	N/A	$4.3M-10.1%	$4.8M-12.7%	$5.5M-0.2%	$5.5M+8.6%	$5.0M+22.0%	$4.1M+20.0%	$3.4M+3.4%	$3.3M+4.4%	$3.2M+46.1%	$2.2M+72.2%	$1.3M+82.2%	$695K+154.6%	$273K+12.5%	$242K
Stock-Based Compensation	N/A	N/A	$1.9M-14.8%	$2.3M+28.4%	$1.8M+51.2%	$1.2M+68.1%	$695K-7.2%	$749K-46.9%	$1.4M+18.4%	$1.2M+32.7%	$897K+2.8%	$873K-17.2%	$1.1M+463.5%	$187K+53.1%	$122K
Capital Expenditures	$1.5M	$1.5M+80.1%	$857K-59.2%	$2.1M+94.3%	$1.1M-45.2%	$2.0M+168.2%	$735K-38.1%	$1.2M-59.9%	$3.0M+31.4%	$2.3M+41.2%	$1.6M+267.3%	$434K-94.4%	$7.7M	N/A	N/A
Free Cash Flow	-$1.9M	-$7.2M+63.8%	-$19.8M+3.1%	-$20.5M-33.8%	-$15.3M-97.8%	-$7.7M-137.6%	$20.6M+187.9%	-$23.4M-76.4%	-$13.3M-397.2%	$4.5M-53.1%	$9.5M+152.0%	-$18.3M-43.9%	-$12.7M	N/A	N/A
Investing Cash Flow	-$63K	$5.9M-29.8%	$8.4M+1020.6%	-$909K-136.9%	$2.5M+124.0%	-$10.3M+61.3%	-$26.6M-1749.3%	-$1.4M	N/A	N/A	N/A	N/A	-$15.8M-2806.5%	-$543K-38.3%	-$393K
Financing Cash Flow	$650K	-$3.3M-128.0%	$11.9M-30.3%	$17.1M+57.3%	$10.9M-36.1%	$17.0M+268.2%	$4.6M-83.1%	$27.3M	N/A	N/A	N/A	N/A	$24.5M+388.8%	$5.0M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$134K	$0	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Operating Cash Flow	-$3.0M+63.5%	$3.3M+71.0%	-$650K-181.8%	-$55K+98.2%	-$8.3M-11.3%	$2.0M+291.6%	$795K+110.9%	-$3.1M-758.9%
Depreciation & Amortization	$578K-29.1%	$696K-14.9%	$814K+0.9%	$1.8M+72.4%	$816K-26.3%	$819K-34.7%	$807K-39.6%	$1.1M-22.1%
Stock-Based Compensation	$200K-33.3%	$300K0.0%	$244K-40.8%	N/A	$300K-50.0%	$300K-1.9%	$412K-9.7%	N/A
Capital Expenditures	$13K-76.4%	$57K-51.7%	$138K+18.6%	$1.3M+1716.7%	$55K-92.9%	$118K+3160.4%	$116K-23.1%	-$69K-85.0%
Free Cash Flow	-$3.1M+63.6%	$3.3M+78.9%	-$788K-216.2%	-$1.3M+59.3%	-$8.4M-1.5%	$1.8M+279.4%	$678K+109.1%	-$3.2M-288.9%
Investing Cash Flow	-$13K-100.2%	-$43K+94.9%	-$87K+40.5%	$81K+624.9%	$6.8M+10.2%	-$858K-136.7%	-$147K+0.6%	$11K+103.3%
Financing Cash Flow	$4.5M+323.2%	-$4.9M-391.9%	$931K+130.0%	$97K-98.2%	-$2.0M-279.4%	$1.7M+270.6%	-$3.1M-148.3%	$5.4M+807.7%
Share Buybacks	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

SANW 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.

SANW quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	26.2%+6.4pp	19.8%+10.9pp	8.9%-7.4pp	16.3%-2.5pp	18.8%-18.3pp	37.1%+14.1pp	23.0%+1.6pp	21.4%+2.3pp	19.1%-1.3pp	20.4%+1.1pp	19.4%+9.7pp	9.6%-18.0pp	27.6%-9.7pp	37.4%
Operating Margin	-29.3%-4.9pp	-24.4%+21.6pp	-46.0%-21.9pp	-24.1%-0.5pp	-23.6%-19.0pp	-4.5%+0.1pp	-4.7%-1.5pp	-3.2%-5.3pp	2.1%-0.8pp	2.9%+0.9pp	2.1%+11.1pp	-9.0%-13.4pp	4.4%+45.5pp	-41.1%
Net Margin	-49.7%-69.3pp	19.6%+70.6pp	-51.0%-28.2pp	-22.8%+1.9pp	-24.7%-16.2pp	-8.5%-1.1pp	-7.4%+8.3pp	-15.7%-16.1pp	0.4%+4.3pp	-3.9%-4.6pp	0.7%+7.5pp	-6.7%-9.4pp	2.6%+24.9pp	-22.3%
Return on Equity	-76.5%-97.4pp	20.9%+91.7pp	-70.8%-45.0pp	-25.8%-1.6pp	-24.2%-14.9pp	-9.3%-3.5pp	-5.8%+13.5pp	-19.3%-19.8pp	0.5%+6.6pp	-6.1%-6.8pp	0.7%+5.8pp	-5.0%-6.9pp	1.9%+7.4pp	-5.6%
Return on Assets	-24.9%-34.4pp	9.5%+36.7pp	-27.2%-14.5pp	-12.7%0.0pp	-12.6%-6.3pp	-6.4%-2.9pp	-3.4%+6.7pp	-10.1%-10.4pp	0.3%+2.9pp	-2.6%-3.0pp	0.4%+3.4pp	-2.9%-4.6pp	1.7%+7.1pp	-5.3%
Current Ratio	0.92-0.3x	1.18-0.4x	1.60+0.2x	1.44-0.2x	1.68-1.0x	2.70+0.8x	1.88+0.8x	1.11-0.3x	1.39+0.1x	1.34-0.3x	1.680.0x	1.71-7.4x	9.15-10.4x	19.53
Debt-to-Equity	0.12+0.1x	0.070.0x	0.08-0.1x	0.160.0x	0.18+0.1x	0.120.0x	0.16+0.1x	0.02-0.1x	0.160.0x	0.21+0.1x	0.090.0x	0.09+0.1x	0.000.0x	0.04
Asset Turnover	0.500.0x	0.480.0x	0.530.0x	0.550.0x	0.51-0.2x	0.75+0.3x	0.47-0.2x	0.64-0.1x	0.76+0.1x	0.66+0.1x	0.58+0.1x	0.44-0.2x	0.64+0.4x	0.24
FCF Margin	-11.9%+15.1pp	-27.0%+1.7pp	-28.7%-10.5pp	-18.2%-8.5pp	-9.7%-28.5pp	18.7%+55.2pp	-36.5%-18.9pp	-17.6%-22.2pp	4.7%-7.1pp	11.7%+47.2pp	-35.5%-1.5pp	-34.1%	N/A	N/A

Metric	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K
Gross Margin	37.7%+13.1pp	37.1%-5.7pp	16.1%-9.3pp	22.6%+10.2pp	24.6%-0.5pp	42.8%+21.5pp	25.3%+2.7pp	12.4%+18.1pp
Operating Margin	-6.9%+27.6pp	-85.6%-58.9pp	-50.9%-23.1pp	-28.9%-9.9pp	-34.6%-12.4pp	-26.7%+21.6pp	-27.8%-10.7pp	-19.0%+40.6pp
Net Margin	-23.4%+35.3pp	-32.7%+45.6pp	-195.3%	-37.8%-6.5pp	-58.7%	-78.3%-32.0pp	-55.3%-32.6pp	-31.3%+33.2pp
Return on Equity	-8.3%+2.4pp	-5.7%+5.7pp	-53.2%-43.7pp	-30.8%-20.4pp	-10.7%-53.2pp	-11.4%+2.8pp	-9.5%+0.2pp	-10.5%+14.6pp
Return on Assets	-3.2%+0.9pp	-2.3%+2.2pp	-16.8%-12.8pp	-10.0%-5.3pp	-4.1%-24.4pp	-4.5%0.0pp	-4.0%-0.7pp	-4.8%+4.9pp
Current Ratio	1.000.0x	1.030.0x	0.85-0.3x	0.92-0.3x	0.99-0.3x	1.040.0x	1.12+0.1x	1.18-0.4x
Debt-to-Equity	0.17+0.1x	0.16+0.1x	0.15+0.1x	0.12+0.1x	0.100.0x	0.090.0x	0.080.0x	0.070.0x
Asset Turnover	0.14+0.1x	0.070.0x	0.090.0x	0.27+0.1x	0.070.0x	0.060.0x	0.07-0.1x	0.150.0x
FCF Margin	-32.0%+57.6pp	64.7%+42.5pp	-9.5%-15.8pp	-4.1%+9.9pp	-89.5%-42.8pp	22.2%+30.2pp	6.3%+43.9pp	-14.0%-9.8pp

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: Net Margin.

Note: The current ratio is below 1.0 (0.92), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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
S&W SEED CO SANW	FY2024	$60.4M	-$30.0M	-49.7%	N/A	—
Origin Agritech Limited SEED	FY2025	$12.8M	-$7.5M	-58.4%	$9.7M	7/100
N2OFF, Inc. NITO	FY2025	N/A	-$4.0M	N/A	$3.3M	—
ENLIGHTIFY INC ENFY	FY2025	$75.3M	-$15.6M	-20.7%	$5.8M	—
Bioceres Crop Solutions Corp. BIOX	FY2025	$335.1M	-$58.8M	-17.6%	$21.7M	28/100

Where S&W SEED CO Ranks

Frequently Asked Questions

What is S&W SEED CO's annual revenue?

S&W SEED CO (SANW) reported $60.4M in total revenue for fiscal year 2024. This represents a -17.8% 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 S&W SEED CO's revenue growing?

S&W SEED CO (SANW) revenue declined by 17.8% year-over-year, from $73.5M to $60.4M in fiscal year 2024.

Is S&W SEED CO profitable?

No, S&W SEED CO (SANW) reported a net income of -$30.0M in fiscal year 2024, with a net profit margin of -49.7%.

What is S&W SEED CO's EBITDA?

S&W SEED CO (SANW) had EBITDA of -$13.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does S&W SEED CO have?

As of fiscal year 2024, S&W SEED CO (SANW) had $287K in cash and equivalents against $4.7M in long-term debt.

What is S&W SEED CO's gross margin?

S&W SEED CO (SANW) had a gross margin of 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is S&W SEED CO's operating margin?

S&W SEED CO (SANW) had an operating margin of -29.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is S&W SEED CO's net profit margin?

S&W SEED CO (SANW) had a net profit margin of -49.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is S&W SEED CO's return on equity (ROE)?

S&W SEED CO (SANW) has a return on equity of -76.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is S&W SEED CO's free cash flow?

S&W SEED CO (SANW) recorded an outflow of $7.2M in free cash flow during fiscal year 2024. This represents a 63.8% 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 S&W SEED CO's operating cash flow?

S&W SEED CO (SANW) recorded an outflow of $5.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are S&W SEED CO's total assets?

S&W SEED CO (SANW) had $120.7M in total assets as of fiscal year 2024, including both current and long-term assets.

What are S&W SEED CO's capital expenditures?

S&W SEED CO (SANW) invested $1.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does S&W SEED CO spend on research and development?

S&W SEED CO (SANW) invested $4.1M in research and development during fiscal year 2024.

How many shares does S&W SEED CO have outstanding?

S&W SEED CO (SANW) had 2M shares outstanding as of fiscal year 2024.

What is S&W SEED CO's current ratio?

S&W SEED CO (SANW) had a current ratio of 0.92 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is S&W SEED CO's debt-to-equity ratio?

S&W SEED CO (SANW) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is S&W SEED CO's return on assets (ROA)?

S&W SEED CO (SANW) had a return on assets of -24.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

How does S&W SEED CO's liquidity compare with its operating cash outflow?

At the end of fiscal year 2024, S&W SEED CO (SANW) held $287K in cash, cash equivalents and investments, and reported an operating cash outflow of $5.6M over that year. Dividing the one by the other, the reported balance equals about 1 month 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 S&W SEED CO's Piotroski F-Score?

S&W SEED CO (SANW) 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 S&W SEED CO's earnings high quality?

S&W SEED CO (SANW) reported a net loss of $30.0M while operations used $5.6M 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.

Can S&W SEED CO cover its interest payments?

S&W SEED CO (SANW) reported an operating loss of $17.7M against $5.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.