Farmmi, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $28.0M | $64.1M | $110.4M | $99.2M | $39.3M | $28.4M | $28.4M | $29.8M |
| Cost of Revenue | $27.2M | $60.3M | $106.1M | $93.8M | $34.2M | $23.7M | $23.7M | $24.8M |
| Gross Profit | $801.5K | $3.9M | $4.3M | $5.4M | $5.1M | $4.7M | $4.7M | $5.1M |
| Gross Margin | 2.9% | 6.0% | 3.9% | 5.5% | 13.0% | 16.4% | 16.4% | 17.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.6M | $2.5M | $2.1M | $4.1M | $2.8M | $1.3M | $1.3M | $1.4M |
| Operating Income | $-56.1M | $795.7K | $2.0M | $942.4K | $2.9M | $2.3M | $2.3M | $3.1M |
| Operating Margin | -200.6% | 1.2% | 1.8% | 0.9% | 7.3% | 8.0% | 8.0% | 10.3% |
| Interest Expense | — | $700.0K | $650.8K | $134.1K | $73.9K | $168.7K | $168.7K | $154.4K |
| Pretax Income | $-53.4M | $-4.6M | $2.9M | $2.1M | $2.4M | $1.1M | $1.1M | $3.2M |
| Income Tax Expense | $42 | $264 | $313.5K | $-118.4K | $-25.6K | $16.8K | $29.8K | $9.1K |
| Net Income | $-53.1M | $-4.7M | $2.5M | $2.2M | $2.4M | $813.5K | $813.5K | $3.2M |
| Net Margin | -189.8% | -7.3% | 2.3% | 2.2% | 6.0% | 2.9% | 2.9% | 10.8% |
| EPS (Basic) | $-28.92 | $-7.88 | $8.41 | $0.26 | $0.25 | $0.07 | $0.00 | $0.02 |
| EPS (Diluted) | $-28.92 | $-7.88 | $3.61 | $0.26 | $0.25 | $0.07 | $0.00 | $0.02 |
| Shares Outstanding (Basic) | 1.8M | 590.7K | 302.4K | 8.7M | 9.3M | 11.7M | 11.7M | 201.1M |
| Shares Outstanding (Diluted) | 1.8M | 590.7K | 704.4K | 8.7M | 9.4M | 11.7M | 11.7M | 217.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |