What is VERITAS FARMS INC's earnings per share (EPS)?

VERITAS FARMS INC (VFRM) reported diluted earnings per share of -$0.13 for fiscal year 2022. This represents a 23.5% 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.

VERITAS FARMS INC (VFRM) Financials

VFRM

FY2022 annual

Revenue $1.1M -63.4% YoY

Net Income -$5.1M +27.2% YoY

EPS (Diluted) -$0.13 +23.5% YoY

Free Cash Flow -$3.9M +19.3% YoY

Market Cap $16K as of Oct 13, 2026

Price / Sales 0.0x on $884K revenue, trailing 12 months to September 30, 2023

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to September 30, 2023

Price / Book 0.1x on $207K equity, Q3 FY2023

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 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Sep 30, 2023 Reported Nov 15, 2023 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2023, filed Nov 15, 2023. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VFRM SEC filings page.

VERITAS FARMS INC (VFRM) reported $1.1M in revenue for fiscal year 2022, down 63.4% 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 VFRM FY2022 2026-10-03

Veritas Farms now spends more producing each sale than that sale brings in, while financing inflows support continued operations.

Earnings quality weakened alongside the business model: in FY2022, the company reported a net loss of $5.1M and operating cash flow of -$3.9M, so the accounting loss was reflected in cash usage rather than driven mainly by non-cash charges. At the same time, financing provided $3.4M, making external funding a major part of the cash-flow structure.

The cost structure is more than a profitability problem: revenue fell to $1.1M in FY2022 while gross margin reached -130.1%, after remaining near 47.5% in FY2020. That means product costs exceeded sales before selling and administrative expenses, which added another $4.1M.

The balance sheet has lost its cushion. Total liabilities of $7.4M exceeded total assets of $6.8M, and the current ratio narrowed to 1.1x from 4.9x in FY2019. Inventory of $2.2M was also more than twice FY2022 revenue, tying substantial resources to unsold product relative to the year's sales.

Financial Health Signals

Financial health score not available

VERITAS FARMS INC 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 Distress

-10.57

VERITAS FARMS INC scores -10.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($16K) relative to total liabilities ($7.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

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

Piotroski F-Score Weak

3/9

VERITAS FARMS INC passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

VERITAS FARMS INC reported a net loss of $5.1M while operations used $3.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$236K

YoY+135.5%

QoQ+38.9%

5Y CAGR-12.5%

VERITAS FARMS INC generated $236K in revenue in Q3 2023. This represents an increase of 135.5% from the same quarter a year earlier. Against the prior quarter it is up 38.9%.

EBITDA

-$792K

YoY-11.5%

QoQ+30.2%

VERITAS FARMS INC's EBITDA was -$792K in Q3 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.5% from the same quarter a year earlier. Against the prior quarter it is up 30.2%.

Net Income

-$1.1M

YoY-15.9%

QoQ+20.1%

VERITAS FARMS INC reported -$1.1M in net income in Q3 2023. This represents a decrease of 15.9% from the same quarter a year earlier. Against the prior quarter it is up 20.1%.

EPS (Diluted)

-$0.01

VERITAS FARMS INC earned -$0.01 per diluted share (EPS) in Q3 2023.

Cash & Balance Sheet

Cash & Debt

$59K

YoY-52.9%

QoQ-51.0%

5Y CAGR-36.0%

VERITAS FARMS INC held $59K in cash against $5.9M in long-term debt as of Q3 2023.

Shares Outstanding

164M

5Y CAGR+10.5%

VERITAS FARMS INC had 164M shares outstanding in Q3 2023.

Free Cash Flow

Not reported for Q3 2023.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Gross Margin

22.3%

5Y change+3.4pp

VERITAS FARMS INC's gross margin was 22.3% in Q3 2023, indicating the percentage of revenue retained after direct costs. No change is given against Q3 2022: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

-547.0%

YoY-491.4pp

VERITAS FARMS INC's ROE was -547.0% in Q3 2023, measuring profit generated per dollar of shareholder equity. This is down 491.4 percentage points from the same quarter a year earlier.

Operating Margin

Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for Q3 2023.

VFRM 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.

VFRM quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Revenue	$884K	$1.1M-63.4%	$2.9M-53.3%	$6.2M-14.6%	$7.3M+250.6%	$2.1M+86.6%	$1.1M+1362.2%	$76K	N/A
Cost of Revenue	$1.5M	$1.6M-22.3%	$2.1M-35.3%	$3.3M-12.9%	$3.8M+211.9%	$1.2M+67.1%	$720K+1583.3%	$43K	N/A
Gross Profit	-$1.5M	-$1.4M-275.0%	$790K-73.3%	$3.0M-14.5%	$3.5M+294.9%	$876K+357.8%	$191K+472.4%	$33K	N/A
SG&A Expenses	$3.4M	$4.1M-33.4%	$6.1M-41.2%	$10.4M-28.6%	$14.6M+176.2%	$5.3M+246.6%	$1.5M+54.9%	$984K	N/A
Operating Income	-$4.9M	-$5.5M+25.4%	-$7.3M+1.8%	-$7.5M+32.9%	-$11.1M-152.6%	-$4.4M-230.6%	-$1.3M+6.8%	-$1.4M	N/A
EBITDA	N/A	-$5.0M+26.7%	-$6.8M+1.8%	-$7.0M+31.5%	-$10.2M-145.7%	-$4.1M-275.6%	-$1.1M+19.0%	-$1.4M	N/A
Interest Expense	$17K	$0-100.0%	$24K-81.7%	$130K+613.2%	$18K	N/A	N/A	N/A	N/A
Net Income	-$5.8M	-$5.1M+27.2%	-$7.1M+6.9%	-$7.6M+31.9%	-$11.1M-190.6%	-$3.8M-56.3%	-$2.5M-68.3%	-$1.5M	N/A
EPS (Basic)	N/A	-$0.13+23.5%	-$0.17+5.6%	-$0.18	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	—	-$0.13+23.5%	-$0.17+5.6%	-$0.18	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	42M-4.0%	43M+1.9%	43M	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Revenue	$236K+135.5%	$170K-38.0%	$210K-50.2%	$268K-70.3%	$100K-82.0%	$274K-51.1%	$421K-52.6%	$902K-35.3%
Cost of Revenue	$183K-49.7%	$557K+71.3%	$160K-49.7%	$636K-23.2%	$364K+29.0%	$325K-19.6%	$319K-47.0%	$829K-18.5%
Gross Profit	$53K+120.0%	-$387K-659.9%	$49K-51.5%	-$1.2M-1688.0%	-$264K-196.4%	-$51K-132.6%	$102K-64.4%	$74K-80.6%
SG&A Expenses	$892K+59.4%	$802K-37.1%	$799K-38.3%	$951K-46.1%	$560K-64.1%	$1.3M-22.0%	$1.3M+11.0%	$1.8M-37.1%
Operating Income	-$840K-1.9%	-$1.2M+10.4%	-$750K+37.1%	-$2.1M+42.4%	-$824K+35.9%	-$1.3M+10.3%	-$1.2M-35.5%	-$3.7M-51.7%
EBITDA	-$792K-11.5%	-$1.1M+6.1%	-$700K+34.8%	-$2.0M+43.4%	-$710K+39.5%	-$1.2M+10.3%	-$1.1M-42.8%	-$3.6M-56.2%
Interest Expense	$36K+241.5%	$12K+11.1%	$12K-44.0%	-$43K	$11K	$11K	$21K-92.2%	N/A
Net Income	-$1.1M-15.9%	-$1.4M-134.3%	-$921K+28.2%	-$2.3M+39.8%	-$979K+31.8%	-$606K+12.9%	-$1.3M-11.1%	-$3.8M-53.7%
EPS (Basic)	-$0.01+50.0%	-$0.04-100.0%	-$0.02+33.3%	-$0.05+44.4%	-$0.02+50.0%	-$0.020.0%	-$0.030.0%	-$0.09-50.0%
EPS (Diluted)	-$0.01	-$0.04-100.0%	-$0.02+33.3%	-$0.05+44.4%	-$0.02+50.0%	-$0.020.0%	-$0.030.0%	-$0.09-50.0%
Diluted Shares (Avg)	89M	42M0.0%	42M0.0%	N/A	42M-0.8%	42M-5.5%	42M-9.2%	N/A

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

VFRM Balance Sheet

VFRM quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Total Assets	$6.8M-21.0%	$8.6M-30.7%	$12.4M-12.7%	$14.2M+102.7%	$7.0M+34.6%	$5.2M+5.8%	$4.9M	$15
Current Assets	$3.5M-12.6%	$4.0M-39.3%	$6.7M-24.6%	$8.8M+190.8%	$3.0M+92.2%	$1.6M+145.8%	$642K	N/A
Cash & Equivalents	$55K-88.5%	$482K+347.3%	$108K-90.0%	$1.1M+556.1%	$164K+490.2%	$28K-70.9%	$96K	N/A
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	N/A
Inventory	$2.2M-30.2%	$3.2M-45.5%	$5.9M-10.7%	$6.6M+163.1%	$2.5M+75.6%	$1.4M+161.4%	$547K	N/A
Accounts Receivable	$34K-67.1%	$105K-72.9%	$386K-26.1%	$523K+114.2%	$244K+205.6%	$80K	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	N/A
Total Liabilities	$7.4M+96.2%	$3.8M-20.8%	$4.8M+135.3%	$2.0M+116.5%	$935K-55.5%	$2.1M+172.2%	$772K	-$1.0M
Current Liabilities	$3.2M+43.4%	$2.2M-41.1%	$3.8M+110.1%	$1.8M+141.8%	$738K-63.1%	$2.0M+346.0%	$449K	N/A
Non-Current Liabilities	$4.2M+170.8%	$1.6M+55.0%	$1.0M+324.5%	$238K+21.1%	$196K+96.3%	$100K-69.1%	$323K	N/A
Long-Term Debt	$150K-19.6%	$187K-33.0%	$279K+50.7%	$185K-5.8%	$196K+96.3%	$100K-69.1%	$323K	N/A
Total Equity	-$606K-112.6%	$4.8M-36.9%	$7.6M-37.3%	$12.2M+100.6%	$6.1M+95.6%	$3.1M-25.1%	$4.2M	$1.0M
Retained Earnings	-$39.5M-16.3%	-$33.9M-27.2%	-$26.7M-39.8%	-$19.1M-140.6%	-$7.9M-93.8%	-$4.1M-149.9%	-$1.6M	-$63K

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Total Assets	$8.3M-0.4%	$5.5M-33.2%	$6.3M-24.2%	$6.8M-21.0%	$8.3M-28.1%	$8.2M-29.9%	$8.4M-26.3%	$8.6M-30.7%
Current Assets	$2.9M-35.6%	$2.4M-42.0%	$3.2M-20.9%	$3.5M-12.6%	$4.5M-37.4%	$4.2M-41.4%	$4.0M-39.6%	$4.0M-39.3%
Cash & Equivalents	$59K-52.9%	$120K-27.1%	$364K-2.5%	$55K-88.5%	$125K-48.5%	$164K-64.9%	$373K+305.9%	$482K+347.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.3M-34.7%	$1.7M-51.2%	$2.1M-35.5%	$2.2M-30.2%	$3.5M-39.5%	$3.4M-41.2%	$3.3M-42.4%	$3.2M-45.5%
Accounts Receivable	$28K-82.4%	$23K-93.1%	$37K-68.4%	$34K-67.1%	$159K-69.8%	$337K-13.5%	$117K-77.9%	$105K-72.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.1M+23.2%	$6.8M+27.7%	$8.0M+62.4%	$7.4M+96.2%	$6.6M+91.5%	$5.3M+35.1%	$4.9M+3.6%	$3.8M-20.8%
Current Liabilities	$4.5M+56.1%	$3.8M+44.1%	$3.5M+48.2%	$3.2M+43.4%	$2.9M+33.2%	$2.6M-6.6%	$2.3M-46.4%	$2.2M-41.1%
Non-Current Liabilities	$3.6M-2.2%	$3.0M+11.9%	$4.5M+75.5%	$4.2M+170.8%	$3.7M+188.9%	$2.7M+137.4%	$2.6M+615.7%	$1.6M+55.0%
Long-Term Debt	$5.9M+3864.8%	$150K0.0%	$150K-16.7%	$150K-19.6%	$150K-25.9%	$150K-39.2%	$180K-30.6%	$187K-33.0%
Total Equity	$207K-88.2%	-$1.4M-148.3%	-$1.6M-146.7%	-$606K-112.6%	$1.8M-78.4%	$2.8M-63.3%	$3.5M-47.7%	$4.8M-36.9%
Retained Earnings	-$43.3M-16.6%	-$42.0M-16.6%	-$40.5M-14.7%	-$39.5M-16.3%	-$37.1M-23.5%	-$36.0M-26.2%	-$35.3M-26.9%	-$33.9M-27.2%

VFRM Cash Flow Statement

VFRM quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Operating Cash Flow	-$1.6M	-$3.9M+18.2%	-$4.8M-60.2%	-$3.0M+75.8%	-$12.3M-194.5%	-$4.2M-122.4%	-$1.9M+0.2%	-$1.9M	N/A
Depreciation & Amortization	N/A	$459K-8.0%	$499K-1.7%	$508K-48.0%	$976K+256.0%	$274K+17.8%	$233K+223.3%	$72K	N/A
Stock-Based Compensation	N/A	$112K-47.5%	$214K-89.4%	$2.0M-14.9%	$2.4M+87.1%	$1.3M+556.1%	$194K	N/A	N/A
Capital Expenditures	N/A	$10K-87.1%	$80K-8.8%	$88K-93.7%	$1.4M+132.4%	$597K+33.6%	$447K-80.9%	$2.3M	N/A
Free Cash Flow	N/A	-$3.9M+19.3%	-$4.8M-58.2%	-$3.1M+77.6%	-$13.7M-186.7%	-$4.8M-105.3%	-$2.3M+45.0%	-$4.2M	N/A
Investing Cash Flow	N/A	$18K+123.0%	-$80K+8.8%	-$88K+93.9%	-$1.4M-141.6%	-$597K-33.6%	-$447K+80.9%	-$2.3M	N/A
Financing Cash Flow	$1.5M	$3.4M-33.8%	$5.2M+149.5%	$2.1M-85.7%	$14.6M+198.5%	$4.9M+117.6%	$2.3M-47.6%	$4.3M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$41K-53.4%	$89K	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Cash Flow	-$599K+41.8%	-$506K+57.1%	$61K+105.6%	-$595K-26.7%	-$1.0M+48.4%	-$1.2M+15.8%	-$1.1M-22.3%	-$470K+5.8%
Depreciation & Amortization	$48K-57.7%	$54K-54.3%	$50K-58.0%	$107K-14.5%	$114K+1.6%	$118K-11.0%	$120K-6.9%	$126K+3.6%
Stock-Based Compensation	$37K+163.9%	N/A	$5K-82.6%	N/A	$14K	N/A	$28K-48.2%	N/A
Capital Expenditures	N/A	N/A	N/A	$5K-80.1%	$0-100.0%	$0	$5K	$26K+148.6%
Free Cash Flow	N/A	N/A	N/A	-$600K-21.0%	-$1.0M+48.9%	-$1.2M	-$1.1M	-$496K+2.5%
Investing Cash Flow	$65K	N/A	N/A	-$5K+80.4%	$0+100.0%	$29K	-$5K	-$26K-148.6%
Financing Cash Flow	$473K-52.1%	$249K-73.6%	$248K-74.8%	$530K-27.9%	$989K-44.6%	$943K-48.1%	$985K+12.7%	$735K+33.0%

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

VFRM 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.

VFRM quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1610-K
Gross Margin	-130.1%	27.2%-20.3pp	47.5%+0.1pp	47.5%+5.3pp	42.1%+25.0pp	17.2%-26.7pp	43.9%	N/A
Operating Margin	-514.0%	-252.1%	-119.9%	-152.6%	-211.8%	-119.6%	-1875.1%	N/A
Net Margin	-483.9%	-243.2%	-122.0%	-152.9%	-184.4%	-220.1%	-1912.8%	N/A
Return on Equity	N/A	-146.5%-47.2pp	-99.3%-7.9pp	-91.4%-28.3pp	-63.1%+15.8pp	-79.0%-43.8pp	-35.1%	N/A
Return on Assets	-75.7%+6.5pp	-82.2%-21.0pp	-61.2%+17.2pp	-78.4%-23.7pp	-54.7%-7.6pp	-47.1%-17.5pp	-29.6%	N/A
Current Ratio	1.12-0.7x	1.83+0.1x	1.77-3.2x	4.94+0.8x	4.11+3.3x	0.79-0.6x	1.43	N/A
Debt-to-Equity	N/A	0.040.0x	0.040.0x	0.020.0x	0.030.0x	0.030.0x	0.08	N/A
Asset Turnover	0.16-0.2x	0.34-0.2x	0.500.0x	0.51+0.2x	0.30+0.1x	0.21+0.2x	0.02	N/A
FCF Margin	-367.1%	-166.4%	-49.1%	-187.3%	-229.0%	-208.1%	-5533.4%	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Gross Margin	22.3%	-227.6%	23.6%-0.7pp	-436.7%	-263.2%	-18.6%-46.4pp	24.3%-8.0pp	8.2%-19.0pp
Operating Margin	-355.9%	-699.5%	-357.4%	-791.6%	-822.1%	-484.0%	-283.4%	-408.2%
Net Margin	-481.0%	-836.3%	-439.1%	-848.9%	-977.2%	-221.3%	-304.8%	-419.0%
Return on Equity	-547.0%-491.4pp	N/A	N/A	N/A	-55.6%-38.0pp	-21.4%-12.4pp	-37.0%-19.5pp	-78.4%-46.2pp
Return on Assets	-13.6%-1.9pp	-26.0%-18.6pp	-14.5%+0.8pp	-33.5%+10.5pp	-11.7%+0.6pp	-7.4%-1.4pp	-15.3%-5.2pp	-44.0%-24.1pp
Current Ratio	0.65-0.9x	0.64-0.9x	0.91-0.8x	1.12-0.7x	1.58-1.8x	1.58-0.9x	1.71+0.2x	1.83+0.1x
Debt-to-Equity	28.67+28.6x	N/A	N/A	N/A	0.09+0.1x	0.050.0x	0.050.0x	0.040.0x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.04-0.1x	0.010.0x	0.030.0x	0.050.0x	0.100.0x
FCF Margin	N/A	N/A	N/A	-223.9%	-1026.3%	-430.9%	-259.8%	-55.0%-18.5pp

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: Gross Margin, Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$606K), 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
VERITAS FARMS INC VFRM	FY2022	$1.1M	-$5.1M	N/A	$16K	—
ITEM 9 LABS CORP INLB	FY2022	$21.8M	-$31.2M	N/A	$10K	—

Where VERITAS FARMS INC Ranks

Frequently Asked Questions

What is VERITAS FARMS INC's annual revenue?

VERITAS FARMS INC (VFRM) reported $1.1M in total revenue for fiscal year 2022. This represents a -63.4% 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 VERITAS FARMS INC's revenue growing?

VERITAS FARMS INC (VFRM) revenue declined by 63.4% year-over-year, from $2.9M to $1.1M in fiscal year 2022.

Is VERITAS FARMS INC profitable?

No, VERITAS FARMS INC (VFRM) reported a net income of -$5.1M in fiscal year 2022.

What is VERITAS FARMS INC's EBITDA?

VERITAS FARMS INC (VFRM) had EBITDA of -$5.0M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does VERITAS FARMS INC have?

As of fiscal year 2022, VERITAS FARMS INC (VFRM) had $55K in cash and equivalents against $150K in long-term debt.

What is VERITAS FARMS INC's free cash flow?

VERITAS FARMS INC (VFRM) recorded an outflow of $3.9M in free cash flow during fiscal year 2022. This represents a 19.3% 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 VERITAS FARMS INC's operating cash flow?

VERITAS FARMS INC (VFRM) recorded an outflow of $3.9M in operating cash flow during fiscal year 2022, representing cash used by core business activities.

What are VERITAS FARMS INC's total assets?

VERITAS FARMS INC (VFRM) had $6.8M in total assets as of fiscal year 2022, including both current and long-term assets.

What are VERITAS FARMS INC's capital expenditures?

VERITAS FARMS INC (VFRM) invested $10K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How many shares does VERITAS FARMS INC have outstanding?

VERITAS FARMS INC (VFRM) had 42M shares outstanding as of fiscal year 2022.

What is VERITAS FARMS INC's current ratio?

VERITAS FARMS INC (VFRM) had a current ratio of 1.12 as of fiscal year 2022, which is considered adequate.

What is VERITAS FARMS INC's return on assets (ROA)?

VERITAS FARMS INC (VFRM) had a return on assets of -75.7% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is VERITAS FARMS INC's P/E ratio?

VERITAS FARMS INC (VFRM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2023). The market capitalization is $16K as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is VERITAS FARMS INC's price-to-sales ratio?

VERITAS FARMS INC (VFRM) trades at 0.0x sales, its market capitalization divided by revenue of $884K revenue, trailing 12 months to September 30, 2023. The market capitalization is $16K as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does VERITAS FARMS INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2022, VERITAS FARMS INC (VFRM) held $55K in cash, cash equivalents and investments, and reported an operating cash outflow of $3.9M over that year. Dividing the one by the other, the reported balance equals about 0 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.

Why is VERITAS FARMS INC's debt-to-equity ratio negative or not reported?

VERITAS FARMS INC (VFRM) has negative shareholder equity of -$606K as of fiscal year 2022, 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 VERITAS FARMS INC's Altman Z-Score?

VERITAS FARMS INC (VFRM) has an Altman Z-Score of -10.57, placing it in the Distress Zone (elevated bankruptcy 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 VERITAS FARMS INC's Piotroski F-Score?

VERITAS FARMS INC (VFRM) 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 VERITAS FARMS INC's earnings high quality?

VERITAS FARMS INC (VFRM) reported a net loss of $5.1M while operations used $3.9M 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.