Farmmi, Inc. (FAMI) AI Stock Analysis

Farmmi, Inc., along with its subsidiaries, specializes in processing and distributing agricultural products across international markets including China, the United States, Japan, Canada, Europe, Korea, and the Middle East. Its primary offerings comprise a wide variety of edible mushrooms such as shiitake, Mu Er, bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus. The company markets fresh mushrooms as well as dried mushrooms and dried black fungus under its Forasen and Farmmi Liangpin brands via its Farmmi Jicai online platform. Farmmi distributes products to restaurants, cafeterias, local specialty stores, and distributor networks.

Farmmi's financial top line has contracted significantly following revenue of $110.4M in FY2023. In FY2024, revenue dropped 41.9% to $64.1M with a net loss of -$4.7M. Performance worsened in FY2025 as revenue fell 56.4% to $28.0M, gross margin fell to 2.9%, and operating margin plunged to -168.9%, leading to a net loss of -$53.1M. Over the trailing twelve months, revenue reached $18.2M with an operating margin of -492.3% and diluted EPS of -$32.13. For the latest quarter ended June 30, 2026, quarterly revenue dropped 60.4% year-over-year while quarterly earnings fell 84.8%.

As of June 30, 2026, Farmmi held $249,252 in cash and short-term investments against total debt of $16.7M, yielding net debt of $16.4M. Shareholders' equity stood at $109.5M against total assets of $132.9M, with a debt-to-equity ratio of 0.15 and a current ratio of 5.64. In FY2025, operating cash flow was $52.5M and free cash flow was $52.4M, while capital expenditures totaled $16,667. Over a five-year period, the company's share count decreased by 48.9%.

Trading at $0.11 as of October 16, 2026, Farmmi has a market capitalization of $4.1M and an enterprise value of $21.6M. The stock trades at a price-to-sales multiple of 0.2x and an EV-to-revenue multiple of 1.2x, compared to a median price-to-sales of 0.7x for its US-listed Consumer Defensive peers. Its EV-to-EBITDA ratio is 2.2x, below the 11.7x peer group median, while its price-to-book ratio is 0.1x. Over the past year, the stock fell 93.7%, trailing the S&P 500 benchmark gain of 16.8%.

Farmmi lacks formal analyst target prices and consensus rating recommendations. Over the last four reported quarters, the company recorded 1 EPS beat. Market ownership data indicates that corporate insiders hold 12.3% of shares, institutional investors own 9.0%, and short interest accounts for 2.6% of the float. The stock exhibits a high beta of 2.06.

This page is an AI-written research summary of Farmmi, Inc. (FAMI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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