Farmmi, Inc.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
FAMI · Price history
Price at last available close
$0.10
−$0.03 (-20.05%) 1M
2026-10-28
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Company & revenue
About Farmmi, Inc.
Primary reporting period: 2025-09-30 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Farmmi, Inc., alongside its subsidiaries, specializes in the processing and global distribution of agricultural products, reaching markets including China, the United States, Japan, Canada, various European nations, Korea, and the Middle East. The company's core product line features shiitake and Mu Er mushrooms, supplemented by an extensive selection of other gourmet fungi such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus. Additionally, Farmmi engages in the processing of dried mushrooms and dried black fungus.
How they make money
Farmmi, Inc. generates revenue primarily through the processing and sale of agricultural products, including various types of mushrooms, edible fungi, and other agricultural goods. The company operates through its PRC subsidiaries in China, selling these products to both domestic and international markets.
Products & services
The company processes and sells agricultural products, specifically focusing on mushrooms, edible fungi, and other related agricultural food items.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
For the fiscal year ended September 30, 2025, the company reported that approximately 96.31% of its products were sold in China, with 3.69% sold outside mainland China.
Suppliers, materials & equipment
- Agricultural product suppliers — The company sources its agricultural products from various local farmers and suppliers in China.Source
Strengths
- Established operations in China for agricultural product processingSource
Sources
Company-specific research
Questions worth answering for FAMI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can FAMI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is FAMI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is FAMI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for FAMI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify FAMI's current valuation?
Essential Investment Snapshot
Market Cap
$3.9M
P/E Ratio
-0.0
EPS
$-40.29
52-Week High
$1.94
52-Week Low
$0.09
Beta
2.06
Shares Outstanding
37.4M
Total Debt
$16.7M
Dividend
No current dividend
Liquidation Value / Share
$2.90
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FAMI
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-66.3x). Earnings may be strained to cover interest expense.
M&A headline · Aug 4, 2026
Farmmi, Inc. Proposes to Acquire Brazilian Agricultural Supply Chain Company — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
PRNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on FAMI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Established operations in China for agricultural product processing.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Packaged Foods industry.
- −Dependence on the Chinese agricultural market and regulatory environment.
- −Operational risks associated with foreign-owned PRC subsidiaries.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$0.10
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -56.4%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.2M | $28.0M | $64.1M | $110.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $19.3M | $27.2M | $60.3M | $106.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$1.1M | $802K | $3.9M | $4.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $31.8M | $2.9M | $2.7M | $2.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $77.0M | $48.0M | $3.1M | $2.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$74.4M | -$44.0M | -$2.3M | $3.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$78.1M | -$47.2M | $796K | $2.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $401K | $713K | $1.8M | $2.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$90.7M | -$53.4M | -$4.6M | $2.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $42.00 | $42.00 | $264.00 | $313K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$90.2M | -$53.1M | -$4.7M | $2.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-32.13 | $-28.92 | $-0.66 | $8.41 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 11.40M | 1.84M | 7.05M | 3.63M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 11.40M | 1.84M | 7.05M | 8.45M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$6.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$3.25
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+28.6%
Cash Change
-72.0%
Margin Change
-580.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included EPS growth. Pressure indicators included revenue growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 60.4%. EPS increased 7865.7%. Cash declined 72.0%. Total debt increased 28.6%. Net income margin declined by 580.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Start 7-Day Free TrialHistorical Trends
7 historical recordsHistorical Score Chart
3 of 7 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · FAMI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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