Wednesday 11 November 2026
Export FAMI’s income statement to Excel — free account
Farmmi, Inc.
FAMIConsumer Defensive Packaged Foods
Farmmi, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $28.0 million, down 56.4% from fiscal 2024.
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Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Mar ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 21 | 27 | 30 | 31 | 28 | 39 | 99 | 110 | 64 | 28 | 139 | +3.4% | — | — | — | — | |
| Gross margin, % | 16.14 | 16.97 | 16.99 | 17.58 | 16.40 | 13.00 | 5.48 | 3.88 | 6.04 | 2.87 | 7.62 | (13.3) pt | ||||||
| EBT | 3 | 3 | 3 | 0 | 1 | 2 | 2 | 3 | (5) | (53) | 5 | n/m | ||||||
| EBT margin, % | 12.45 | 12.29 | 10.86 | (0.90) | 3.86 | 6.19 | 2.12 | 2.59 | (7.22) | (190.86) | 3.28 | (203.3) pt | ||||||
| Net income | 2 | 3 | 3 | 0 | 1 | 2 | 2 | 3 | (5) | (53) | (96) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.13 | 6,348.95 | 6,344.49 | 6,074.83 | 4,171.18 | 917.99 | 409.80 | 365.08 | 108.57 | 15.24 | 0.00 | +69.6% | |||||
| Earnings | 0.20 | 785.20 | 696.28 | (60.56) | 120.05 | 54.96 | 9.60 | 8.40 | (7.92) | (28.92) | 1.14 | n/m | ||||||
| Cash flow | 0.00 | 477.36 | (579.79) | (2,121.98) | (237.71) | (1,236.14) | 85.24 | (250.59) | (28.40) | 28.57 | 0.00 | n/m | ||||||
| Capex | 0.00 | (15.83) | (13.77) | (18.69) | (36.35) | (0.14) | (0.01) | 0.00 | (0.05) | (0.01) | 0.00 | n/m | ||||||
| Free cash flow | 0.00 | 461.52 | (593.55) | (2,140.67) | (274.06) | (1,236.29) | 85.22 | (250.59) | (28.45) | 28.56 | 0.00 | n/m | ||||||
| Book value | 0.04 | 2,536.40 | 4,088.00 | 4,399.76 | 4,287.53 | 3,756.83 | 638.93 | 535.81 | 287.82 | 67.46 | 0.00 | +128.1% | ||||||
| Shares, m | 158 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | — | (39.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 12.88 | 12.88 | 30.88 | 10.40 | 1,559.53 | 365.14 | 46.89 | 16.95 | 2.82 | 1.70 | 0.07 | 206.0 | |||||
| P/S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | (0.86) | (0.54) | (0.06) | 0.01 | 0.01 | 0.01 | (0.1) | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | (0.11) | (0.05) | 1.51 | 4.60 | 0.13 | (0.02) | 0.03 | 0.04 | 0.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (1) | 2 | (3) | (11) | (2) | (53) | 21 | (76) | (17) | 52 | 49 | n/m | |||||
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +11.8% | ||||||
| Free cash flow | (1) | 2 | (3) | (11) | (2) | (53) | 21 | (76) | (17) | 52 | 48 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 7 | 11 | 19 | 22 | 29 | 151 | 145 | 147 | 152 | 83 | 63 | +31.2% | |||||
| Net debt | 4 | 0 | (3) | 1 | (1) | (60) | (75) | (8) | 2 | 1 | 0 | (14.0%) | ||||||
| Shareholders’ equity | 6 | 11 | 19 | 22 | 29 | 161 | 155 | 162 | 170 | 124 | 91 | +39.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 17.16 | 24.25 | 17.94 | (1.17) | 2.40 | 2.31 | 1.35 | 1.50 | (2.57) | (31.82) | 0.00 | (49.0) pt | |||||
| ROIC | 0.00 | 20.90 | 11.74 | 8.04 | 5.10 | 1.76 | 0.73 | 0.83 | 0.29 | (28.09) | 0.00 | (28.1) pt | ||||||
| ROE | 28.66 | 38.38 | 21.58 | (1.48) | 3.20 | 2.48 | 1.41 | 1.61 | (2.80) | (36.14) | 0.00 | (64.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 122 | 101 | 69 | 67 | 56 | 70 | 42 | 15 | — | (25.9%) | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.24 | 0.31 | 0.41 | 0.59 | 1.77 | 1.58 | 1.53 | 1.86 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025 · latest quarter Jan 0001 · fundamentals updated 26 Oct 2026
Farmmi, Inc. vs peers in Packaged Foods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CIMG CIMG Inc. | $7.4M | — (loss-making) | — (loss-making) | +3,424.84% (above 0%: growing) | n/m | +76.43% (above 0%: growing) | 0.03% | (39.33%) | Compare |
| NAII Natural Alternatives International, Inc. | $6.3M | — (loss-making) | 6.0× | +1.90% (above 0%: growing) | n/m | −190.11% (below 0%: shrinking) | 5.00% | (38.18%) | Compare |
| ABVEF Above Food Ingredients Inc. | $5.8M | — (loss-making) | — | — | n/m | +325.10% (above 0%: growing) | — | 0.00% | Compare |
| NCRA Nocera, Inc. | $3.8M | — (loss-making) | — | −28.52% (below 0%: shrinking) | n/m | −194.28% (below 0%: shrinking) | 0.84% | (54.90%) | Compare |
| FAMI Farmmi, Inc. | $3.2M | 0.1× | 5.8× | +244.11% (above 0%: growing) | −91.24% (below 0%: shrinking) | +88.60% (above 0%: growing) | 4.29% | 0.00% | |
| PAVS Paranovus Entertainment Technology Ltd. | $2.6M | — (loss-making) | — (loss-making) | −8.96% (below 0%: shrinking) | −582.47% (below 0%: shrinking) | +88.21% (above 0%: growing) | 5.59% | 0.00% | Compare |
| ORISF Oriental Rise Holdings Limited | $2.3M | — | — | — | — | −105.36% (below 0%: shrinking) | — | — | Compare |
| MEHA Functional Brands Inc. | $1.9M | — (loss-making) | — | +2.07% (above 0%: growing) | n/m | −209.98% (below 0%: shrinking) | 59.89% | (70.59%) | Compare |
| CYAN Cyanotech Corporation | $1.7M | — (loss-making) | 2.4× | +11.12% (above 0%: growing) | n/m | +204.00% (above 0%: growing) | 42.38% | 7.00% | Compare |
| Median of peers | $3.2M | — | — | +1.99% | — | −14.47% | 5.30% | (38.18%) |