Agri-Fintech Financials

TMNA

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

This page shows Agri-Fintech (TMNA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 Profile 72/100

Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Agri-Fintech'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.

Profitability

Agri-Fintech has an operating margin of 44.3%, meaning the company retains $44 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 7.5% the prior year.

Growth

Agri-Fintech's revenue grew 14.2% year-over-year to $989.2M, a solid pace of expansion. This earns a growth score of 83/100.

Leverage

100

Agri-Fintech carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Agri-Fintech's current ratio of 0.69 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Agri-Fintech's ROE of 37.4% shows moderate profitability relative to equity, earning a score of 47/100. This is up from -31.1% the prior year.

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.

Piotroski F-Score Neutral

6/9

Agri-Fintech passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 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

1857.7x

Agri-Fintech earns $1857.7 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

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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)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$985

YoY-100.0%

5Y CAGR-73.3%

Agri-Fintech held $985 in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

97.0%

YoY+29.8pp

5Y CAGR+12.1pp

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

5Y CAGR+427.9pp

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

5Y CAGR+403.0pp

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

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

TMNA Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$989.2M+14.2%	$865.8M+47.9%	$585.3M	$0-100.0%	$30K-76.1%	$126K
Cost of Revenue	$30.0M-89.4%	$284.2M-22.0%	$364.4M	$0-100.0%	$5K-72.8%	$19K
Gross Profit	$959.2M+64.9%	$581.7M+163.3%	$220.9M	$0-100.0%	$25K-76.7%	$107K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$55.5M-23.9%	$73.0M+7754.0%	$929K-18.5%	$1.1M+39.4%	$819K+38.2%	$592K
Operating Income	$438.4M+570.8%	$65.4M-67.6%	$201.9M+17792.7%	-$1.1M-43.8%	-$794K-63.6%	-$485K
Interest Expense	$236K	$0-100.0%	$870K	N/A	N/A	N/A
Income Tax	N/A	$104.8M+92.1%	$54.5M	N/A	$0	$0
Net Income	$451.3M+342.9%	-$185.8M-230.9%	$142.0M+14528.5%	-$984K-27.2%	-$773K-71.1%	-$452K
EPS (Diluted)	N/A	$-0.09-175.0%	$0.12	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

TMNA Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$1.2B-27.1%	$1.7B+226.7%	$518.3M+29489.1%	$1.8M+14.8%	$1.5M+41.0%	$1.1M
Current Assets	$19.6M-96.0%	$492.8M+82.4%	$270.2M+19180.5%	$1.4M-7.6%	$1.5M+41.7%	$1.1M
Cash & Equivalents	$985-100.0%	$128.4M+355.2%	$28.2M+14230.4%	$197K-73.1%	$731K0.0%	$731K
Inventory	$0-100.0%	$130K+325.8%	$30K	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$6K	N/A	N/A	N/A
Goodwill	N/A	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
Current Liabilities	$28.5M-97.4%	$1.1B+1142.2%	$88.1M+7537.6%	$1.2M+920.4%	$113K-91.9%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	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
Retained Earnings	$818.8M+96.8%	$416.1M-9.2%	$458.4M+19846.8%	-$2.3M-73.6%	-$1.3M-137.0%	-$564K

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
Goodwill	N/A	N/A	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
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

TMNA Cash Flow Statement

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

TMNA Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	97.0%+29.8pp	67.2%+29.4pp	37.7%	N/A	82.8%-2.1pp	84.9%
Operating Margin	44.3%+36.8pp	7.5%-26.9pp	34.5%	N/A	-2628.5%-2244.9pp	-383.6%
Net Margin	45.6%+67.1pp	-21.5%-45.7pp	24.3%	N/A	-2561.3%-2203.9pp	-357.4%
Return on Equity	37.4%+68.6pp	-31.1%-64.3pp	33.2%+33.5pp	-0.3%+54.2pp	-54.5%	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%
Current Ratio	0.69+0.2	0.45-2.6	3.07+1.9	1.21-12.2	13.41+12.6	0.77
Debt-to-Equity	0.02-1.8	1.84+1.6	0.21+1.2	-0.99-1.1	0.08+4.6	-4.52
FCF Margin	N/A	156.2%+145.7pp	10.5%	N/A	-5024.7%-4766.2pp	-258.5%

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%+117.5pp	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	0.52-0.0	0.53-0.2	0.69-0.4	1.05+0.4	0.70+0.5	0.24-0.2	0.45-0.9	1.35
Debt-to-Equity	0.030.0	0.030.0	0.02-0.6	0.67-0.1	0.76+0.0	0.73-1.1	1.84-2.6	4.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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

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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 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 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 1857.7x, 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.

How financially healthy is Agri-Fintech?

Agri-Fintech (TMNA) scores 72 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.