Origin Agritech Financials
Origin Agritech (SEED) reported $12.8M in revenue for fiscal year 2025, down 20.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Thin product margins and an externally funded cost base show sales are not yet paying for Origin Agritech's overhead.
The brief accounting profit in FY2023-FY2024 never became cash: those two years produced$10.7M of net income but-$2.9M of operating cash flow. That weak cash conversion matters because FY2025 gross margin fell to7.0% , leaving only$900K of gross profit to support a much larger overhead base.
This is becoming a thinner-margin business, not just a smaller one: revenue slipped in FY2025, but the bigger change was gross margin falling from
The balance sheet is still being repaired, but it remains externally funded: FY2025 ended with liabilities above assets by about
Financial Health Signals
Scored against emerging 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 Origin Agritech'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.
Origin Agritech passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Origin Agritech reported a net loss of $7.5M while operations used $3.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Origin Agritech generated $12.8M in revenue in fiscal year 2025. This represents a decrease of 20.6% from the prior year.
Origin Agritech reported -$7.5M in net income in fiscal year 2025. This represents a decrease of 354.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Origin Agritech recorded an outflow of $4.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 68.0% from the prior year.
Origin Agritech held $2.2M in cash against $1.5M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Origin Agritech's gross margin was 7.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.2 percentage points from the prior year.
Origin Agritech's net profit margin was -58.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 76.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Origin Agritech invested $1.8M in research and development in fiscal year 2025. This represents an increase of 27.0% from the prior year.
Origin Agritech invested $1.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 122.3% from the prior year.
Not reported for fiscal year 2025.
SEED Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8M-20.6% | $16.2M+24.5% | $13.0M+75.5% | $7.4M+3.5% | $7.2M-7.2% | $7.7M-42.6% | $13.4M+614.5% | $1.9M | $0-100.0% | $50.2M-15.1% | $59.1M-12.4% | $67.5M-12.6% | $77.3M-11.2% | $87.1M-2.5% | $89.3M |
| Cost of Revenue | $11.9M-14.0% | $13.9M+31.1% | $10.6M+106.7% | $5.1M-1.1% | $5.2M-28.0% | $7.2M-52.9% | $15.3M+1393.1% | $1.0M | $0-100.0% | $38.8M-6.5% | $41.5M-15.3% | $49.0M-3.1% | $50.6M-17.3% | $61.2M+4.6% | $58.5M |
| Gross Profit | $900K-60.8% | $2.3M-4.5% | $2.4M+5.3% | $2.3M+15.5% | $2.0M+282.8% | $516K+127.7% | -$1.9M-317.9% | $855K | $0-100.0% | $11.4M-35.5% | $17.6M-4.7% | $18.5M-30.8% | $26.7M+3.2% | $25.9M-15.9% | $30.8M |
| R&D Expenses | $1.8M+27.0% | $1.4M+39.3% | $1.0M-1.0% | $1.0M+243.3% | $305K-49.5% | $604K-68.7% | $1.9M-51.1% | $3.9M-32.3% | $5.8M-11.6% | $6.6M-13.9% | $7.7M+16.6% | $6.6M-2.9% | $6.8M+14.0% | $5.9M-15.8% | -$7.0M |
| SG&A Expenses | $5.7M+10.1% | $5.1M+159.0% | $2.0M-1.7% | $2.0M-82.2% | $11.3M+32.6% | $8.5M+115.6% | $4.0M-15.4% | $4.7M-11.1% | $5.3M-43.5% | $9.3M+45.5% | $6.4M-15.4% | $7.6M-28.8% | $10.6M-13.2% | $12.2M+189.6% | -$13.7M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$9.2M-4451.2% | $211K+105.3% | -$4.0M-236.7% | $2.9M+632.9% | -$547K-127.6% | $2.0M |
| Interest Expense | N/A | N/A | -$137K-111.8% | $1.2M-12.2% | $1.3M+55.1% | $851K+25.1% | $680K-79.5% | $3.3M+144.1% | $1.4M-36.4% | $2.1M-27.1% | $2.9M-8.8% | $3.2M+76.7% | $1.8M+186.3% | $635K+174.9% | $231K |
| Income Tax | -$41K-555.6% | $9K-60.9% | $23K+1250.0% | -$2K-107.4% | $27K-56.5% | $62K | N/A | $0 | $0-100.0% | $215K+5.4% | $204K+103.3% | -$6.2M-972.5% | $716K+143.5% | $294K-86.4% | $2.2M |
| Net Income | -$7.5M-354.0% | $3.0M-61.7% | $7.7M+973.7% | -$882K+93.8% | -$14.1M-12.7% | -$12.5M-38.7% | -$9.0M+59.6% | -$22.3M-95.9% | -$11.4M-16.1% | -$9.8M-352.5% | -$2.2M-40.0% | -$1.6M-229.0% | $1.2M+631.9% | -$226K+93.8% | -$3.6M |
| EPS (Diluted) | -$1.00 | $0.46-60.7% | $1.17+880.0% | -$0.15+94.0% | -$2.51 | N/A | N/A | N/A | -$0.49-14.0% | -$0.43-330.0% | -$0.10-42.9% | -$0.07-240.0% | $0.05+600.0% | -$0.01+93.8% | -$0.16 |
SEED Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.2M-24.6% | $18.8M-43.5% | $33.2M+73.5% | $19.1M+4.3% | $18.4M-51.0% | $37.4M+1.4% | $36.9M-41.0% | $62.5M+28.0% | $48.8M-63.0% | $131.9M-14.9% | $155.0M-10.5% | $173.1M-8.1% | $188.4M+22.5% | $153.8M+19.5% | $128.8M |
| Current Assets | $9.3M-34.7% | $14.2M-27.9% | $19.7M+71.9% | $11.5M+28.1% | $9.0M-5.2% | $9.5M-3.4% | $9.8M-68.7% | $31.2M+132.8% | $13.4M-81.3% | $71.6M-16.2% | $85.5M-15.8% | $101.6M-8.8% | $111.3M+26.3% | $88.2M+9.7% | $80.4M |
| Cash & Equivalents | $2.2M+86.9% | $1.2M-63.8% | $3.3M+32.7% | $2.5M+5.2% | $2.4M-28.3% | $3.3M+631.9% | $451K+56.1% | $289K-38.8% | $472K-94.3% | $8.2M-16.9% | $9.9M+36.0% | $7.3M-66.1% | $21.5M-13.7% | $24.9M+21.3% | $20.5M |
| Inventory | $2.0M+10.6% | $1.8M+1.2% | $1.8M+511.4% | $297K-53.9% | $644K-67.7% | $2.0M-50.6% | $4.0M-66.1% | $11.9M+6373.9% | $184K-99.7% | $55.1M-20.2% | $69.1M-17.7% | $83.9M+9.6% | $76.6M+71.9% | $44.6M+34.3% | $33.2M |
| Accounts Receivable | $486K-15.5% | $575K+391.5% | $117K+34.5% | $87K+117.5% | $40K-91.2% | $457K+118.7% | $209K | $0 | N/A | $74K-77.0% | $322K+94.0% | $166K-47.6% | $317K-71.5% | $1.1M+7.0% | $1.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.8M-4.7% | $1.9M-3.3% | $1.9M-0.1% | $1.9M+3.1% | $1.9M+0.2% | $1.9M |
| Total Liabilities | $17.4M-35.7% | $27.1M-39.1% | $44.5M+17.2% | $38.0M-5.1% | $40.0M-19.9% | $50.0M+27.8% | $39.1M-40.7% | $65.9M+107.0% | $31.8M-67.9% | $99.1M-9.3% | $109.3M-11.0% | $122.8M-9.9% | $136.3M+30.5% | $104.4M+24.6% | $83.8M |
| Current Liabilities | N/A | $26.3M-39.8% | $43.7M | N/A | N/A | $26.0M-25.8% | $35.0M-44.2% | $62.8M+210.9% | $20.2M-78.0% | $92.0M-7.7% | $99.7M-13.0% | $114.5M-6.4% | $122.3M+28.2% | $95.4M+13.9% | $83.8M |
| Long-Term Debt | $1.5M+77.8% | $830K-3.5% | $860K-57.1% | $2.0M | N/A | $20.2M | N/A | $0-100.0% | $8.6M+185.6% | $3.0M-53.5% | $6.4M+27.7% | $5.0M-52.2% | $10.5M+91.0% | $5.5M | N/A |
| Total Equity | -$3.3M+26.4% | -$4.5M+44.1% | -$8.0M+57.6% | -$18.9M+13.1% | -$21.7M-91.4% | -$11.3M-253.2% | -$3.2M+10.7% | -$3.6M-121.2% | $16.9M-37.3% | $27.0M-28.8% | $37.9M-8.9% | $41.6M-3.8% | $43.3M+5.1% | $41.2M+1.0% | $40.8M |
| Retained Earnings | -$89.3M-7.7% | -$82.9M+1.1% | -$83.8M+9.4% | -$92.5M+7.8% | -$100.3M-22.2% | -$82.1M-22.5% | -$67.0M-12.0% | -$59.9M-53.9% | -$38.9M-42.4% | -$27.3M-48.7% | -$18.4M-9.7% | -$16.7M-10.1% | -$15.2M+4.5% | -$15.9M-1.7% | -$15.7M |
SEED Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.2M-50.1% | -$2.1M-182.3% | -$759K-263.2% | $465K+112.0% | -$3.9M-369.4% | -$824K+90.6% | -$8.8M-501.0% | -$1.5M+92.0% | -$18.1M-352.4% | $7.2M-12.6% | $8.2M+158.9% | -$13.9M+41.4% | -$23.8M-282.2% | $13.0M+121.3% | $5.9M |
| Capital Expenditures | $1.6M+122.3% | $710K-42.8% | $1.2M+1310.2% | $88K-20.0% | $110K | $0 | $0-100.0% | $433K+9.6% | $395K-83.2% | $2.4M+1.5% | $2.3M+35.8% | $1.7M-83.4% | $10.3M-37.4% | $16.4M+85.4% | $8.9M |
| Free Cash Flow | -$4.8M-68.0% | -$2.9M-42.6% | -$2.0M-630.5% | $377K+109.5% | -$4.0M-382.8% | -$824K+90.6% | -$8.8M-363.3% | -$1.9M+89.8% | -$18.5M-483.8% | $4.8M-18.1% | $5.9M+137.7% | -$15.6M+54.1% | -$34.1M-904.2% | -$3.4M-14.2% | -$3.0M |
| Investing Cash Flow | -$1.9M-172.1% | -$710K+54.6% | -$1.6M-901.9% | -$156K+16.1% | -$186K+97.0% | -$6.2M-567.8% | $1.3M-80.8% | $6.9M+55.4% | $4.5M | N/A | N/A | N/A | -$11.1M+50.9% | -$22.6M+6.9% | -$24.3M |
| Financing Cash Flow | $6.2M+874.4% | $640K-80.0% | $3.2M+6893.6% | -$47K-101.5% | $3.1M-68.4% | $9.7M+27.7% | $7.6M+247.4% | -$5.1M-172.6% | $7.1M | N/A | N/A | N/A | $31.2M+137.1% | $13.2M+250.0% | -$8.8M |
| Dividends Paid | $153K+118.6% | $70K+150.0% | $28K-91.8% | $343K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
SEED Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.0%-7.2pp | 14.2%-4.3pp | 18.5%-12.3pp | 30.8%+3.2pp | 27.6%+20.9pp | 6.7%+20.6pp | -13.9%-59.4pp | 45.5% | N/A | 22.7%-7.2pp | 29.8%+2.4pp | 27.4%-7.2pp | 34.6%+4.8pp | 29.8%-4.8pp | 34.5% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -18.3%-18.6pp | 0.4%+6.3pp | -5.9%-9.7pp | 3.8%+4.4pp | -0.6%-2.9pp | 2.2% |
| Net Margin | -58.4%-76.7pp | 18.3%-41.0pp | 59.3%+71.2pp | -11.9% | -197.2% | -162.3% | -67.2% | -1188.7% | N/A | -19.6%-15.9pp | -3.7%-1.4pp | -2.3%-3.9pp | 1.6%+1.8pp | -0.3%+3.8pp | -4.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -67.4%-31.0pp | -36.4%-30.6pp | -5.7%-2.0pp | -3.7%-6.5pp | 2.8%+3.3pp | -0.5%+8.4pp | -8.9% |
| Return on Assets | -53.0%-68.7pp | 15.7%-7.5pp | 23.2%+27.8pp | -4.6%+72.3pp | -76.9%-43.4pp | -33.5%-9.0pp | -24.4%+11.3pp | -35.7%-12.4pp | -23.4%-15.9pp | -7.4%-6.0pp | -1.4%-0.5pp | -0.9%-1.5pp | 0.6%+0.8pp | -0.1%+2.7pp | -2.8% |
| Current Ratio | N/A | 0.54+0.1x | 0.45 | N/A | N/A | 0.36+0.1x | 0.28-0.2x | 0.50-0.2x | 0.66-0.1x | 0.78-0.1x | 0.860.0x | 0.890.0x | 0.910.0x | 0.920.0x | 0.96 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.51+0.4x | 0.11-0.1x | 0.170.0x | 0.12-0.1x | 0.24+0.1x | 0.13-1.9x | 2.06 |
| FCF Margin | -37.3%-19.7pp | -17.6%-2.2pp | -15.4%-20.5pp | 5.1%+60.7pp | -55.6%-44.9pp | -10.7%+54.5pp | -65.2% | -100.6% | N/A | 9.6%-0.4pp | 10.0%+33.1pp | -23.2%+20.9pp | -44.0%-40.2pp | -3.9%-0.6pp | -3.3% |
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, FCF Margin.
Note: Shareholder equity is negative (-$3.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Origin Agritech Ranks
Frequently Asked Questions
What is Origin Agritech's annual revenue?
Origin Agritech (SEED) reported $12.8M in total revenue for fiscal year 2025. This represents a -20.6% 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 Origin Agritech's revenue growing?
Origin Agritech (SEED) revenue declined by 20.6% year-over-year, from $16.2M to $12.8M in fiscal year 2025.
Is Origin Agritech profitable?
No, Origin Agritech (SEED) reported a net income of -$7.5M in fiscal year 2025, with a net profit margin of -58.4%.
How much debt does Origin Agritech have?
As of fiscal year 2025, Origin Agritech (SEED) had $2.2M in cash and equivalents against $1.5M in long-term debt.
What is Origin Agritech's gross margin?
Origin Agritech (SEED) had a gross margin of 7.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Origin Agritech's net profit margin?
Origin Agritech (SEED) had a net profit margin of -58.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Origin Agritech's free cash flow?
Origin Agritech (SEED) recorded an outflow of $4.8M in free cash flow during fiscal year 2025. This represents a -68.0% 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 Origin Agritech's operating cash flow?
Origin Agritech (SEED) recorded an outflow of $3.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Origin Agritech's total assets?
Origin Agritech (SEED) had $14.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Origin Agritech's capital expenditures?
Origin Agritech (SEED) invested $1.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Origin Agritech spend on research and development?
Origin Agritech (SEED) invested $1.8M in research and development during fiscal year 2025.
What is Origin Agritech's return on assets (ROA)?
Origin Agritech (SEED) had a return on assets of -53.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Origin Agritech's cash runway?
Based on fiscal year 2025 data, Origin Agritech (SEED) had $2.2M in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 8 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.
Why is Origin Agritech's debt-to-equity ratio negative or not reported?
Origin Agritech (SEED) has negative shareholder equity of -$3.3M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Origin Agritech's Piotroski F-Score?
Origin Agritech (SEED) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Origin Agritech's earnings high quality?
Origin Agritech (SEED) reported a net loss of $7.5M while operations used $3.2M 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.
How financially healthy is Origin Agritech?
Origin Agritech (SEED) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.