Agri-Fintech Financials

TMNA

FY2022 annual

Revenue $989.2M +14.2% YoY

Net Income $451.3M +342.9% YoY

EPS (Diluted) Not reported for FY2022

Free Cash Flow Not reported for FY2022

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2023 Currency USD FYE November

Agri-Fintech (TMNA) reported $989.2M in revenue for fiscal year 2022, up 14.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 TMNA FY2022 2026-04-22

Reported margins surged, but cash conversion stayed weak, showing a business increasingly driven by non-cash economics.

FY2021 showed the first profit-cash split: a -$185.8M net loss arrived with $1.35B of operating cash flow. FY2022 flipped the pattern, with $451.3M of net income but only $80.5M of operating cash flow, indicating earnings are being shaped more by non-cash items and balance-sheet movements than by steady cash conversion.

The jump in gross margin from 67.2% in FY2021 to 97.0% in FY2022 did not produce a matching cash step-up, which points less to simple scale benefits and more to a revenue mix shift or other change that made sales far less direct-cost intensive. Because operating expenses did not compress in the same dramatic way, the margin improvement looks unlike a straightforward efficiency story.

The balance sheet looks solvent but tight on liquidity: FY2022 debt-to-equity was just 0.0x while the current ratio sat at 0.7x, so long-term leverage appears light even as near-term obligations exceeded current resources. That combination suggests the company is relying more on the convertibility of its assets than on a meaningful cash cushion.

Financial Health Signals

Financial health score not available

Agri-Fintech 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.

Altman Z-Score Grey Zone

2.89

Agri-Fintech scores 2.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/7

Agri-Fintech passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.18x

For every $1 of reported earnings, Agri-Fintech generates $0.18 in operating cash flow ($80.5M OCF vs $451.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

1,857.72x

Agri-Fintech earns $1,857.72 in operating income for every $1 of interest expense ($438.4M vs $236K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$989.2M

YoY+14.2%

5Y CAGR+500.7%

Agri-Fintech generated $989.2M in revenue in fiscal year 2022. This represents an increase of 14.2% from the prior year.

EBITDA

$817.1M

YoY+161.4%

Agri-Fintech's EBITDA was $817.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 161.4% from the prior year.

Net Income

$451.3M

YoY+342.9%

Agri-Fintech reported $451.3M in net income in fiscal year 2022. This represents an increase of 342.9% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2022.

Cash & Balance Sheet

Cash & Debt

$985

YoY-100.0%

5Y CAGR-73.3%

Agri-Fintech held $985 in cash as of fiscal year 2022; long-term debt is not reported for that period.

Free Cash Flow

Not reported for fiscal year 2022.

Dividends Per Share

Not reported for fiscal year 2022.

Shares Outstanding

Not reported for fiscal year 2022.

Margins & Returns

Gross Margin

97.0%

YoY+29.8pp

Agri-Fintech's gross margin was 97.0% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 29.8 percentage points from the prior year.

Operating Margin

44.3%

YoY+36.8pp

Agri-Fintech's operating margin was 44.3% in fiscal year 2022, reflecting core business profitability. This is up 36.8 percentage points from the prior year.

Net Margin

45.6%

YoY+67.1pp

Agri-Fintech's net profit margin was 45.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 67.1 percentage points from the prior year.

Return on Equity

37.4%

YoY+68.6pp

Agri-Fintech's ROE was 37.4% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 68.6 percentage points from the prior year.

Capital Allocation

None of these metrics is reported for fiscal year 2022.

TMNA Income Statement

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

TMNA annual income statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY16
Revenue	N/A	$989.2M+14.2%	$865.8M+47.9%	$585.3M	$0-100.0%	$30K-76.1%	$126K	$0	N/A
Cost of Revenue	N/A	$30.0M-89.4%	$284.2M-22.0%	$364.4M	$0-100.0%	$5K-72.8%	$19K	$0	N/A
Gross Profit	N/A	$959.2M+64.9%	$581.7M+163.3%	$220.9M	$0-100.0%	$25K-76.7%	$107K	$0	N/A
SG&A Expenses	$37.9M	$55.5M-23.9%	$73.0M+7754.0%	$929K-18.5%	$1.1M+39.4%	$819K+38.2%	$592K+427.0%	$112K	N/A
Operating Income	$215.0M	$438.4M+570.8%	$65.4M-67.6%	$201.9M+17792.7%	-$1.1M-43.8%	-$794K-63.6%	-$485K-331.5%	-$112K	N/A
Interest Expense	N/A	$236K	$0-100.0%	$870K	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	$104.8M+92.1%	$54.5M	N/A	$0	$0	$0	-$895
Net Income	$315.8M	$451.3M+342.9%	-$185.8M-230.9%	$142.0M+14528.5%	-$984K-27.2%	-$773K-71.1%	-$452K-302.1%	-$112K	N/A
EPS (Diluted)	—	N/A	-$0.09	$0.12	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	N/A	N/A	$171.8M-41.1%	$291.7M+8.6%	$268.7M+4.5%	$257.1M	N/A	$177.0M
Cost of Revenue	N/A	N/A	$1.5M-93.3%	$22.9M+634.6%	$3.1M+24.6%	$2.5M	N/A	$2.2M
Gross Profit	N/A	N/A	$170.2M-36.7%	$268.8M+1.2%	$265.6M+4.3%	$254.6M	N/A	$174.7M
SG&A Expenses	$10.9M-0.9%	$11.0M+342.2%	$2.5M-81.5%	$13.5M-33.8%	$20.3M+5.7%	$19.2M	N/A	$782K
Operating Income	-$11.2M+41.1%	-$19.1M-119.9%	$95.7M-36.0%	$149.5M+22.5%	$122.0M+71.5%	$71.2M	N/A	-$29.3M
Interest Expense	$299K+1.7%	$294K	N/A	$42K+76.4%	$24K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	$38.7M	N/A	$15.1M
Net Income	-$11.2M+40.9%	-$19.0M-107.4%	$255.3M+181.5%	$90.7M+25.0%	$72.6M+122.2%	$32.6M	N/A	-$44.7M
EPS (Diluted)	-$0.01+50.0%	-$0.02	N/A	$0.05+350.0%	-$0.02-166.7%	$0.03	N/A	-$0.04

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q4 FY2022 through Q3 FY2023, 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.

TMNA Balance Sheet

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

TMNA annual balance sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY16
Total Assets	$1.2B-27.1%	$1.7B+226.7%	$518.3M+29489.1%	$1.8M+14.8%	$1.5M+41.0%	$1.1M+976.3%	$101K	$1K
Current Assets	$19.6M-96.0%	$492.8M+82.4%	$270.2M+19180.5%	$1.4M-7.6%	$1.5M+41.7%	$1.1M+963.6%	$101K	N/A
Cash & Equivalents	$985-100.0%	$128.4M+355.2%	$28.2M+14230.4%	$197K-73.1%	$731K0.0%	$731K+124684.8%	$586	$1K
Inventory	$0-100.0%	$130K+325.8%	$30K	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$6K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$28.5M-97.4%	$1.1B+1112.2%	$90.5M+130.2%	-$300.1M-265495.7%	$113K-91.9%	$1.4M+1905.8%	$69K	$895
Current Liabilities	$28.5M-97.4%	$1.1B+1142.2%	$88.1M+7537.6%	$1.2M+920.4%	$113K-91.9%	$1.4M+1905.8%	$69K	N/A
Total Equity	$1.2B+102.3%	$596.3M+39.4%	$427.8M+41.7%	$301.9M+21192.1%	$1.4M+561.3%	-$307K-1082.5%	$31K	$124
Retained Earnings	$818.8M+96.8%	$416.1M-9.2%	$458.4M+19846.8%	-$2.3M-73.6%	-$1.3M-137.0%	-$564K-402.1%	-$112K	-$16K

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$1.2B0.0%	$1.2B0.0%	$1.2B-18.2%	$1.5B+7.1%	$1.4B+16.2%	$1.2B-28.4%	$1.7B-38.7%	$2.8B
Current Assets	$20.1M+0.8%	$19.9M+1.4%	$19.6M-96.9%	$632.6M+49.6%	$422.9M+251.7%	$120.2M-75.6%	$492.8M-73.4%	$1.8B
Cash & Equivalents	$14K-57.9%	$32K+3173.0%	$985-100.0%	$246.6M+136.8%	$104.1M+310.9%	$25.3M-80.3%	$128.4M+406.1%	$25.4M
Inventory	N/A	N/A	$0	N/A	$34K-67.1%	$103K-20.5%	$130K-42.3%	$225K
Accounts Receivable	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$38.4M+2.8%	$37.4M+30.9%	$28.5M-95.3%	$604.6M-0.5%	$607.5M+18.7%	$511.9M-53.3%	$1.1B-51.3%	$2.3B
Current Liabilities	$38.4M+2.8%	$37.4M+30.9%	$28.5M-95.2%	$600.4M-0.5%	$603.2M+18.8%	$507.6M-53.6%	$1.1B-19.8%	$1.4B
Total Equity	$1.2B-0.1%	$1.2B-0.7%	$1.2B+33.3%	$904.9M+12.9%	$801.4M+14.4%	$700.7M+17.5%	$596.3M+17.0%	$509.7M
Retained Earnings	$788.7M-1.4%	$799.9M-2.3%	$818.8M+33.8%	$612.0M+17.4%	$521.3M+16.2%	$448.7M+7.8%	$416.1M-9.5%	$459.9M

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

TMNA Cash Flow Statement

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

TMNA annual cash flow statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY16
Operating Cash Flow	$218.6M	$80.5M-94.1%	$1.4B+2091.7%	$61.7M+7379.6%	-$848K+44.1%	-$1.5M-384.4%	-$313K-47.4%	-$212K	N/A
Capital Expenditures	N/A	N/A	$405K+694.3%	$51K+132.3%	$22K	$0-100.0%	$14K	$0	N/A
Free Cash Flow	N/A	N/A	$1.4B+2092.8%	$61.7M+7190.1%	-$870K+42.7%	-$1.5M-364.0%	-$327K-53.9%	-$212K	N/A
Investing Cash Flow	N/A	-$203.3M+83.3%	-$1.2B-511.9%	-$199.5M-60124.6%	-$331K	$0+100.0%	-$14K	$0	N/A
Financing Cash Flow	-$989K	$91.3M-69.4%	$298.2M+3445.2%	-$8.9M-784.1%	$1.3M-40.4%	$2.2M+465.4%	$387K+83.7%	$211K	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$41K-157.8%	$71K-99.9%	$62.4M-60.0%	$156.2M+560.1%	-$33.9M+67.4%	-$104.2M-107.9%	$1.3B+40092.2%	-$3.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$1K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$1.3B	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$1.2B-103284.6%	-$1.2M
Financing Cash Flow	$23K+156.3%	-$40K-101.9%	$2.1M+168.0%	-$3.0M	N/A	N/A	$298.0M+187698.4%	$159K

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

TMNA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TMNA annual financial ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY16
Gross Margin	97.0%+29.8pp	67.2%+29.4pp	37.7%	N/A	82.8%-2.1pp	84.9%	N/A	N/A
Operating Margin	44.3%+36.8pp	7.5%-26.9pp	34.5%	N/A	-2628.5%	-383.6%	N/A	N/A
Net Margin	45.6%+67.1pp	-21.5%-45.7pp	24.3%	N/A	-2561.3%	-357.4%	N/A	N/A
Return on Equity	37.4%+68.6pp	-31.1%-64.3pp	33.2%+33.5pp	-0.3%+54.2pp	-54.5%	N/A	-359.3%	N/A
Return on Assets	36.5%+47.5pp	-11.0%-38.4pp	27.4%+83.6pp	-56.2%-5.5pp	-50.7%-8.9pp	-41.7%+70.0pp	-111.8%	N/A
Current Ratio	0.69+0.2x	0.45-2.6x	3.07+1.9x	1.21-12.2x	13.41+12.6x	0.77-0.7x	1.45	N/A
Debt-to-Equity	0.02-1.8x	1.84+1.6x	0.21	N/A	0.08	N/A	2.21	7.22
FCF Margin	N/A	156.2%	10.5%	N/A	-5024.7%	-258.5%	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	N/A	N/A	99.1%+7.0pp	92.2%-6.7pp	98.8%-0.2pp	99.0%	N/A	98.7%
Operating Margin	N/A	N/A	55.7%+4.5pp	51.3%+5.8pp	45.4%+17.7pp	27.7%	N/A	-16.6%
Net Margin	N/A	N/A	148.7%	31.1%+4.1pp	27.0%+14.3pp	12.7%	N/A	-25.3%
Return on Equity	-0.9%+0.7pp	-1.6%-22.8pp	21.2%+11.2pp	10.0%+1.0pp	9.0%+4.4pp	4.7%	N/A	-8.8%
Return on Assets	-0.9%+0.6pp	-1.5%-22.2pp	20.7%+14.7pp	6.0%+0.9pp	5.1%+2.5pp	2.7%	N/A	-1.6%
Current Ratio	0.520.0x	0.53-0.2x	0.69-0.4x	1.05+0.4x	0.70+0.5x	0.24-0.2x	0.45-0.9x	1.35
Debt-to-Equity	0.030.0x	0.030.0x	0.02-0.6x	0.67-0.1x	0.760.0x	0.73-1.1x	1.84-2.6x	4.42

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, FCF Margin.

Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Data443 Risk Mitigation Inc ATDS

$197K

Dynamite Blockchain Corp CRYBF

$5.0M

Vocodia Hldg VHAI

$1.1M

Nextplay Technologies Inc NXTP

$60K

Smartmetric SMME

$287K

Where Agri-Fintech Ranks

Frequently Asked Questions

What is Agri-Fintech's annual revenue?

Agri-Fintech (TMNA) reported $989.2M in total revenue for fiscal year 2022. This represents a 14.2% 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 Agri-Fintech's revenue growing?

Agri-Fintech (TMNA) revenue grew by 14.2% year-over-year, from $865.8M to $989.2M in fiscal year 2022.

Is Agri-Fintech profitable?

Yes, Agri-Fintech (TMNA) reported a net income of $451.3M in fiscal year 2022, with a net profit margin of 45.6%.

What is Agri-Fintech's EBITDA?

Agri-Fintech (TMNA) had EBITDA of $817.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is Agri-Fintech's gross margin?

Agri-Fintech (TMNA) had a gross margin of 97.0% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Agri-Fintech's operating margin?

Agri-Fintech (TMNA) had an operating margin of 44.3% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Agri-Fintech's net profit margin?

Agri-Fintech (TMNA) had a net profit margin of 45.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Agri-Fintech's return on equity (ROE)?

Agri-Fintech (TMNA) has a return on equity of 37.4% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is Agri-Fintech's operating cash flow?

Agri-Fintech (TMNA) generated $80.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Agri-Fintech's total assets?

Agri-Fintech (TMNA) had $1.2B in total assets as of fiscal year 2022, including both current and long-term assets.

What is Agri-Fintech's current ratio?

Agri-Fintech (TMNA) had a current ratio of 0.69 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Agri-Fintech's debt-to-equity ratio?

Agri-Fintech (TMNA) had a debt-to-equity ratio of 0.02 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Agri-Fintech's return on assets (ROA)?

Agri-Fintech (TMNA) had a return on assets of 36.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Agri-Fintech's Altman Z-Score?

Agri-Fintech (TMNA) has an Altman Z-Score of 2.89, placing it in the Grey Zone (moderate 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 Agri-Fintech's Piotroski F-Score?

Agri-Fintech (TMNA) has a Piotroski F-Score of 6 out of 7 computable signals; 2 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 Agri-Fintech's earnings high quality?

Agri-Fintech (TMNA) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). 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 Agri-Fintech cover its interest payments?

Agri-Fintech (TMNA) has an interest coverage ratio of 1,857.72x, meaning it can comfortably cover its interest obligations. 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.