FAMINasdaqCanned, Fruits, Veg, Preserves, Jams & JelliesFiscal year ends September 30
Farmmi, Inc.
Financials through fiscal 2025, year ended Sep 30, 2025Last filing: 20-F on Feb 10, 2026
$0.11−0.00 (-0.74%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
2.9%−13.5 pts over 5 years
Operating margin
-200.6%−208.6 pts over 5 years
Net margin
-189.8%−192.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -56.4% | -34.4% | -0.3% | – | |
| Gross profit | -79.3% | -47.2% | -29.6% | – | |
| Free cash flow | – | +36.5% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 3.2% | -36.1% | |
| Return on assets | – | 2.4% | -31.8% | |
| Current ratio | – | 4.42 | 9.35 | |
| Debt to equity | – | – | 0.01 | |
| Net debt to EBITDA | – | – | -0.02× | |
| Interest coverage | 11.4× | 13.4× | – | |
| Inventory turnover | – | 30.0× | 7.7× | |
| Capex to revenue | 0.0% | 0.6% | 0.1% | |
| Diluted shares | 0M | 0M | 2M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Farmmi generated $218.53M from operations and spent $54.06K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$218.53M
Used
$54.06K
Capital expenditure$54.06K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-189.8%
×Asset turnover0.17×
×Equity multiplier1.13×
=Return on equity, FY2025-36.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -189.8% | 0.17× | 1.13× | -36.1% |
| FY2024 | -7.3% | 0.35× | 1.09× | -2.8% |
| FY2023 | 2.3% | 0.65× | 1.07× | 1.6% |
| FY2022 | 2.2% | 0.60× | 1.04× | 1.4% |
| FY2021 | 6.0% | 0.39× | 1.07× | 2.5% |
| FY2020 | 2.9% | 0.83× | 1.36× | 3.2% |
| FY2019 | 2.9% | 1.08× | 1.32× | 4.1% |
| FY2018 | 10.8% | 1.66× | 1.28× | 22.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$53.10M
- Cash generatingOperating cash flow above zero$52.46M
- Return on assets improvedROA up on the prior year-2.7% → -28.4%
- Earnings backed by cashOperating cash flow above net income$52.46M vs -$53.10M
- Less leverageLong-term debt to assets fell1.2% → 1.2%
- Better liquidityCurrent ratio rose16.10 → 9.35
- No dilutionShare count did not rise1M → 2M
- Gross margin improvedGross margin up on the prior year6.04% → 2.87%
- More efficientAsset turnover rose0.37 → 0.15