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. This represents a -307.1% 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.

S&W Seed Co Financials

SANW

FY2024 annual

Revenue $60.4M -17.8% YoY

Net Income -$30.0M -308.4% YoY

EPS (Diluted) -$13.21 -307.1% YoY

Free Cash Flow -$7.2M +63.8% YoY

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2025 Currency USD FYE June

S&W Seed Co (SANW) reported $60.4M in revenue for fiscal year 2024, down 17.8% from the prior fiscal year. 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 2026-08-15

Inventory release and better gross margin softened cash burn, but fixed operating costs still overwhelmed a smaller revenue base.

From FY2022 to FY2024, gross margin recovery from 8.9% to 26.2% did not translate into profitability because selling, administrative, and R&D spending still sat above gross profit, so the business appears constrained more by cost structure than by product-level economics. The sharp inventory reduction to $22.6M helped operating cash flow improve to -$5.6M, which means the year's cash relief came partly from working-capital release rather than a self-funding core operation.

The balance sheet is short-term tight: cash fell to $287K and the current ratio slipped below 1.0x, while current liabilities made up most of total liabilities. That combination means near-term funding pressure matters more than long-term leverage, even though debt-to-equity was only 0.1x.

Recent accounting profit looks non-recurring because net income briefly turned positive even while operating income stayed negative, and FY2024 free cash flow was -$7.2M. Capital spending was modest at $1.5M, so weak cash generation is not mainly a heavy reinvestment story; the core operation still has not covered its overhead.

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 Weak

3/9

S&W Seed Co passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 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

$60.4M

YoY-17.8%

5Y CAGR-11.2%

10Y CAGR+1.6%

S&W Seed Co generated $60.4M in revenue in fiscal year 2024. This represents a decrease of 17.8% from the prior year.

EBITDA

-$13.4M

YoY-1.7%

S&W Seed Co's EBITDA was -$13.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.7% from the prior year.

Net Income

-$30.0M

YoY-308.4%

S&W Seed Co reported -$30.0M in net income in fiscal year 2024. This represents a decrease of 308.4% from the prior year.

EPS (Diluted)

-$13.21

YoY-307.1%

S&W Seed Co earned -$13.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 307.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$7.2M

YoY+63.8%

S&W Seed Co recorded an outflow of $7.2M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 63.8% from the prior year.

Cash & Debt

$287K

YoY-91.6%

5Y CAGR-39.1%

10Y CAGR-13.1%

S&W Seed Co held $287K in cash against $4.7M in long-term debt as of fiscal year 2024, with $69.2M of liabilities due within a year.

Shares Outstanding

YoY+0.9%

S&W Seed Co had 2M shares outstanding in fiscal year 2024. This represents an increase of 0.9% from the prior year.

Dividends Per Share

Not reported for fiscal year 2024.

Margins & Returns

Gross Margin

26.2%

YoY+6.4pp

5Y CAGR-10.9pp

10Y CAGR+6.8pp

S&W Seed Co's gross margin was 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 6.4 percentage points from the prior year.

Operating Margin

-29.3%

YoY-4.9pp

5Y CAGR-24.7pp

10Y CAGR-31.3pp

S&W Seed Co's operating margin was -29.3% in fiscal year 2024, reflecting core business profitability. This is down 4.9 percentage points from the prior year.

Net Margin

-49.7%

YoY-69.3pp

5Y CAGR-41.2pp

10Y CAGR-50.4pp

S&W Seed Co's net profit margin was -49.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 69.3 percentage points from the prior year.

Return on Equity

-76.5%

YoY-97.4pp

5Y CAGR-67.2pp

10Y CAGR-77.2pp

S&W Seed Co's ROE was -76.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 97.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$4.1M

YoY-22.4%

5Y CAGR-8.3%

10Y CAGR+17.1%

S&W Seed Co invested $4.1M in research and development in fiscal year 2024. This represents a decrease of 22.4% from the prior year.

Capital Expenditures

$1.5M

YoY+80.1%

5Y CAGR+16.0%

10Y CAGR+13.5%

S&W Seed Co invested $1.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 80.1% from the prior year.

Share Buybacks

Not reported for fiscal year 2024.

SANW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SANW annual income statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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	N/A	N/A	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 (Diluted)	—	-$13.21-307.1%	$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

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$9.6M+88.2%	$5.1M-38.9%	$8.3M-74.1%	$32.1M+242.2%	$9.4M+13.4%	$8.3M-23.2%	$10.8M-53.3%	$23.1M
Cost of Revenue	$5.9M+86.2%	$3.2M-54.2%	$7.0M-71.9%	$24.8M+251.3%	$7.1M+49.4%	$4.7M-41.1%	$8.0M-60.2%	$20.2M
Gross Profit	$3.6M+91.5%	$1.9M+40.9%	$1.3M-81.6%	$7.2M+214.3%	$2.3M-34.7%	$3.5M+29.6%	$2.7M-4.5%	$2.9M
R&D Expenses	$735K-11.8%	$833K+12.2%	$742K-58.6%	$1.8M+133.7%	$767K+6.0%	$724K-7.1%	$779K-22.9%	$1.0M
SG&A Expenses	$3.0M-37.0%	$4.7M+17.1%	$4.0M-57.3%	$9.4M+136.5%	$4.0M-6.7%	$4.2M+2.2%	$4.2M-19.2%	$5.1M
Operating Income	-$663K+84.7%	-$4.3M-2.6%	-$4.2M+54.3%	-$9.3M-185.8%	-$3.2M-46.9%	-$2.2M+26.3%	-$3.0M+31.7%	-$4.4M
Interest Expense	$657K-20.9%	$830K+9.0%	$762K-75.6%	$3.1M+321.4%	$740K+3.9%	$712K-24.9%	$949K-16.9%	$1.1M
Income Tax	$4K+147.0%	$2K+35.8%	$1K-99.8%	$505K+29262.2%	$2K-6.2%	$2K+114.9%	-$12K-110.2%	$120K
Net Income	-$2.2M-34.6%	-$1.7M+89.8%	-$16.2M-34.0%	-$12.1M-120.2%	-$5.5M+15.0%	-$6.5M-8.7%	-$5.9M+17.5%	-$7.2M
EPS (Diluted)	-$1.04-44.4%	-$0.72+89.9%	-$7.11	N/A	-$2.41+15.4%	-$2.85-8.4%	-$2.63	N/A

TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

SANW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SANW annual balance sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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
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
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$69.6M-5.1%	$73.3M-24.1%	$96.6M-20.0%	$120.7M-9.4%	$133.2M-7.3%	$143.7M-3.5%	$148.8M-2.1%	$152.0M
Current Assets	$31.5M-8.0%	$34.2M-26.6%	$46.6M-26.5%	$63.4M-7.7%	$68.7M-10.9%	$77.1M-6.2%	$82.1M-2.3%	$84.1M
Cash & Equivalents	$354K-74.6%	$1.4M+190.0%	$480K+67.7%	$287K+67.5%	$171K-84.7%	$1.1M+12.9%	$987K-70.9%	$3.4M
Inventory	$16.9M-19.8%	$21.0M-20.8%	$26.5M+17.3%	$22.6M-48.0%	$43.5M-5.5%	$46.0M+7.1%	$42.9M-4.8%	$45.1M
Accounts Receivable	$11.4M+36.3%	$8.4M-49.5%	$16.6M+13.3%	$14.6M-34.8%	$22.5M+12.4%	$20.0M-28.5%	$27.9M+13.5%	$24.6M
Total Liabilities	$36.6M-4.4%	$38.3M-36.3%	$60.2M-20.5%	$75.7M-0.9%	$76.4M-6.2%	$81.4M+1.0%	$80.6M+3.5%	$77.9M
Current Liabilities	$31.4M-5.3%	$33.2M-39.6%	$54.9M-20.7%	$69.2M-0.6%	$69.7M-6.4%	$74.4M+1.4%	$73.4M+3.0%	$71.3M
Long-Term Debt	$4.5M-1.2%	$4.6M-1.3%	$4.7M-1.5%	$4.7M-2.9%	$4.9M0.0%	$4.9M+1.6%	$4.8M+6.4%	$4.5M
Total Equity	$26.8M-7.4%	$29.0M-5.1%	$30.5M-22.3%	$39.3M-23.3%	$51.2M-9.8%	$56.8M-9.6%	$62.8M-8.7%	$68.8M
Retained Earnings	-$142.6M-1.7%	-$140.2M-1.3%	-$138.4M-13.4%	-$122.1M-11.1%	-$109.9M-5.1%	-$104.6M-6.7%	-$98.0M-6.6%	-$91.9M

SANW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SANW annual cash flow statement

Metric	TTM	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$3.0M-191.0%	$3.3M+614.1%	-$650K-1078.0%	-$55K+99.3%	-$8.3M-526.2%	$2.0M+146.0%	$795K+125.2%	-$3.1M
Capital Expenditures	$13K-77.4%	$57K-58.7%	$138K-89.0%	$1.3M+2197.1%	$55K-53.8%	$118K+1.5%	$116K+68.5%	-$69K
Free Cash Flow	-$3.1M-192.9%	$3.3M+516.8%	-$788K+39.8%	-$1.3M+84.4%	-$8.4M-556.5%	$1.8M+170.8%	$678K+121.1%	-$3.2M
Investing Cash Flow	-$13K+70.3%	-$43K+50.3%	-$87K-208.1%	$81K-98.8%	$6.8M+892.9%	-$858K-484.5%	-$147K-1418.0%	$11K
Financing Cash Flow	$4.5M+192.2%	-$4.9M-621.4%	$931K+864.1%	$97K+104.8%	-$2.0M-220.6%	$1.7M+153.7%	-$3.1M-157.6%	$5.4M
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.

SANW annual financial ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
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
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	37.7%+0.7pp	37.1%+21.0pp	16.1%-6.5pp	22.6%-2.0pp	24.6%-18.1pp	42.8%+17.4pp	25.3%+13.0pp	12.4%
Operating Margin	-6.9%+78.6pp	-85.6%-34.6pp	-50.9%-22.1pp	-28.9%+5.7pp	-34.6%-7.9pp	-26.7%+1.1pp	-27.8%-8.8pp	-19.0%
Net Margin	-23.4%+9.3pp	-32.7%	-195.3%	-37.8%+20.9pp	-58.7%+19.6pp	-78.3%-23.0pp	-55.3%-24.0pp	-31.3%
Return on Equity	-8.3%-2.6pp	-5.7%+47.5pp	-53.2%-22.3pp	-30.8%-20.1pp	-10.7%+0.7pp	-11.4%-1.9pp	-9.5%+1.0pp	-10.5%
Return on Assets	-3.2%-0.9pp	-2.3%+14.5pp	-16.8%-6.8pp	-10.0%-5.9pp	-4.1%+0.4pp	-4.5%-0.5pp	-4.0%+0.8pp	-4.8%
Current Ratio	1.000.0x	1.03+0.2x	0.85-0.1x	0.92-0.1x	0.990.0x	1.04-0.1x	1.12-0.1x	1.18
Debt-to-Equity	0.170.0x	0.160.0x	0.150.0x	0.120.0x	0.100.0x	0.090.0x	0.080.0x	0.07
FCF Margin	-32.0%-96.7pp	64.7%+74.2pp	-9.5%-5.4pp	-4.1%+85.4pp	-89.5%-111.8pp	22.2%+15.9pp	6.3%+20.3pp	-14.0%

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

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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.

What is S&W Seed Co's cash runway?

Based on fiscal year 2024 data, S&W Seed Co (SANW) had $287K in cash against an annual operating cash burn of $5.6M. This gives an estimated cash runway of approximately 1 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 S&W Seed Co's Piotroski F-Score?

S&W Seed Co (SANW) 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 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.