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Origin Agritech Limited (SEED) Financials

SEED
FY2025 annual
Revenue $12.8M -20.6% YoY
Net Income -$7.5M -354.0% YoY
EPS (Diluted) -$1.00 YoY not available
Free Cash Flow -$4.8M -68.0% YoY
Market Cap $9.4M as of Oct 7, 2026
Price / Sales 0.7x on $12.8M revenue, FY2025
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book n/m negative shareholder equity, so no book multiple, Q4 FY2025

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 Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Sep 30, 2025 Reported Currency USD FYE September

Newest figures come from the 20-F for FY2025, filed Jan 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SEED SEC filings page.

Origin Agritech Limited (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).

Rhea AI SEED FY2025

Origin Agritech’s reported business remains cash-consuming, with financing carrying operations as gross margins compress.

FY2025’s margin deterioration was not merely an accounting-profit issue: gross margin fell from 14.2% in FY2024 to 7.0%, while free cash flow worsened to -$4.8M. The combination indicates that weaker unit economics and continued reinvestment were consuming cash at the same time.

External financing is central to the funding model. FY2025 operating cash flow was -$3.2M, while financing provided $6.2M; shares outstanding also rose from 6.6M to 11.9M, linking the cash inflow with substantial equity dilution rather than internally generated funding.

The balance sheet remains structurally constrained. Liabilities exceeded assets in FY2025, leaving negative equity of -$3.3M; the prior-year current ratio of 0.5x also showed that short-term obligations exceeded current assets. Reported cash and investments equaled 8.3 months of the latest annual operating outflow, a snapshot of liquidity rather than operating self-sufficiency.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Origin Agritech Limited 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 Partial
2/8

Origin Agritech Limited 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.

Earnings Quality No Cash Backing
N/A

Origin Agritech Limited 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

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$2.2M
YoY+86.9%
QoQ+86.9%

Origin Agritech Limited held $2.2M in cash against $1.5M in long-term debt as of Q4 2025.

Shares Outstanding
12M

Origin Agritech Limited had 12M shares outstanding in Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEED quarterly income statement
MetricQ4'2520-FQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

SEED 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.

SEED quarterly balance sheet
MetricQ4'2520-FQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
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%
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%
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%
Short-Term Investments$0$0$0$0$0$0$0$0
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%
Accounts Receivable$486K-15.5%$575K+391.5%$117K+34.5%$87K+117.5%$40K-91.2%$457K+118.7%$209K$0
Long-Term Investments$0$0-100.0%$9.3M+3800.4%$238K-66.4%$709K-53.4%$1.5M-34.2%$2.3M-2.7%$2.4M-15.8%
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%
Current LiabilitiesN/A$26.3M-39.8%$43.7MN/AN/A$26.0M-25.8%$35.0M-44.2%$62.8M+210.9%
Non-Current Liabilities$1.8M+115.1%$839K-4.4%$878K+127.1%-$3.2M+21.1%-$4.1M-117.1%$24.0M+489.5%$4.1M+31.6%$3.1M+0.3%
Long-Term Debt$1.5M+77.8%$830K-3.5%$860K-57.1%$2.0MN/A$20.2MN/A$0-100.0%
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%
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%

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

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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SEED quarterly cash flow statement
MetricQ4'2520-FQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

SEED 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.

SEED quarterly financial ratios
MetricQ4'2520-FQ4'2410-KQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-K
Current RatioN/A0.54+0.1x0.45N/AN/A0.36+0.1x0.28-0.2x0.50-0.2x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Debt-to-Equity, Asset Turnover, 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.

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
Origin Agritech Limited SEED FY2025 $12.8M -$7.5M -58.4% $9.4M —
N2OFF, Inc. NITO FY2025 N/A -$4.0M N/A $3.3M —
ENLIGHTIFY INC ENFY FY2025 $75.3M -$15.6M -20.7% $5.8M —
S&W SEED CO SANW FY2024 $60.4M -$30.0M -49.7% $2.0M —
Bioceres Crop Solutions Corp. BIOX FY2025 $335.1M -$58.8M -17.6% $21.8M 28/100
American Vanguard Corporation AVD FY2025 $515.1M -$49.9M -9.7% $50.7M 24/100

Frequently Asked Questions

What is Origin Agritech Limited's annual revenue?

Origin Agritech Limited (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 Limited's revenue growing?

Origin Agritech Limited (SEED) revenue declined by 20.6% year-over-year, from $16.2M to $12.8M in fiscal year 2025.

Is Origin Agritech Limited profitable?

No, Origin Agritech Limited (SEED) reported a net income of -$7.5M in fiscal year 2025, with a net profit margin of -58.4%.

Origin Agritech Limited (SEED) reported diluted earnings per share of -$1.00 for fiscal year 2025. 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.

As of fiscal year 2025, Origin Agritech Limited (SEED) had $2.2M in cash and equivalents against $1.5M in long-term debt.

Origin Agritech Limited (SEED) had a gross margin of 7.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Origin Agritech Limited (SEED) had a net profit margin of -58.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Origin Agritech Limited (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.

Origin Agritech Limited (SEED) recorded an outflow of $3.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Origin Agritech Limited (SEED) had $14.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Origin Agritech Limited (SEED) invested $1.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Origin Agritech Limited (SEED) invested $1.8M in research and development during fiscal year 2025.

Origin Agritech Limited (SEED) had 12M shares outstanding as of fiscal year 2025.

Origin Agritech Limited (SEED) had a return on assets of -53.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Origin Agritech Limited (SEED) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $9.4M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Origin Agritech Limited (SEED) trades at 0.7x sales, its market capitalization divided by revenue of $12.8M revenue, FY2025. The market capitalization is $9.4M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, Origin Agritech Limited (SEED) held $2.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.2M over that year. Dividing the one by the other, the reported balance equals about 8 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.

Origin Agritech Limited (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.

Origin Agritech Limited (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.

Origin Agritech Limited (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.

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