Farmmi, Inc. (FAMI) Balance Sheet
FAMI balance sheet, FY2025
September 30, 2025 · U.S. dollars$147.0M assets = $23.2M liabilities + $123.9M equity
Both columns are drawn to the same scale: what FAMI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FAMI financial health
Descriptive bands, not a rating. Fiscal FY2025.
FAMI balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.1MFY2016 | $147.0MFY2025 | +30.8%/yr | |
| Total liabilities | $5.8MFY2016 | $23.2MFY2025 | +16.5%/yr | |
| Shareholders’ equity | $6.4MFY2016 | $124.1MFY2025 | +39.0%/yr | |
| Cash & short-term investments | $47,241FY2016 | $804,098FY2025 | +37.0%/yr | |
| Total debt | $4.0MFY2016 | $20.8MFY2025 | +20.2%/yr | |
| Net cash (debt) | −$3.9MFY2016 | −$20.0MFY2025 | −$16.1M | |
| Working capital | $7.2MFY2016 | $83.2MFY2025 | +$76.0M | |
| Book value per share | $6.65FY2022 | $19.16FY2023 | +188.0%/yr | |
| Current ratio | 2.23FY2016 | 9.35FY2025 | +7.12 | |
| Debt / equity | 0.62FY2016 | 0.17FY2025 | −0.45 | |
| Shares outstanding | 23.2MFY2022 | 8.5MFY2023 | −63.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FAMI assets
FAMI liabilities and equity
FAMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FAMI balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $804,098 | $486,522 | $12.8M | $76.3M | $62.0M | $481,906 | $135,125 | $4.9M | $2.6M | $47,241 |
| Cash & equivalents | $804,098 | $486,522 | $12.8M | $41.2M | $59.3M | $481,906 | $135,125 | $4.9M | $2.6M | $47,241 |
| Short-term investments | — | — | $0 | $35.2M | $2.8M | $0 | — | $0 | $0 | $0 |
| Receivables | $44.1M | $32.8M | $24.8M | $27.4M | $24.5M | $10.5M | $13.8M | $8.6M | $5.1M | $7.5M |
| Inventory | $1.5M | $5.5M | $3.9M | $716,278 | $1.4M | $123,892 | $1.5M | $1.8M | $1.6M | $1.5M |
| Other current assets | $46.7M | $123.2M | $116.7M | $48.8M | $67.4M | $25.9M | $14.3M | $6.0M | $4.4M | $4.0M |
| Total current assets | $93.1M | $161.9M | $158.2M | $153.3M | $155.3M | $37.0M | $29.7M | $21.3M | $13.7M | $13.1M |
| Property, plant & equipment (net) | $16.5M | $7.4M | $540,991 | $579,219 | $856,147 | $1.1M | $139,468 | $136,363 | $102,516 | $56,759 |
| Goodwill & intangible assets | $0 | $0 | $0 | $6,747 | $40,075 | $80,642 | $38,135 | $0 | $0 | $0 |
| Long-term investments | $6.9M | $7.0M | $6.9M | $140,578 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $30.5M | $10.3M | $9.2M | $9.8M | $9.5M | $0 | $600,000 | $600,000 | $0 | $24,712 |
| Total assets | $147.0M | $186.7M | $174.8M | $163.8M | $165.7M | $38.2M | $30.5M | $22.1M | $13.8M | $13.1M |
| Liabilities | ||||||||||
| Accounts payable | $15,695 | $69,999 | $1.1M | $197,137 | $56,457 | $16,740 | $293,264 | $343,141 | $415,819 | $467,000 |
| Short-term debt | $7.6M | $8.8M | $8.9M | $3.7M | $2.3M | $3.9M | $4.3M | $1.5M | $1.7M | $4.0M |
| Deferred revenue | — | — | $33,814 | — | $57,632 | $1.7M | $5,926 | $122,800 | $415,381 | $1.1M |
| Total current liabilities | $10.0M | $10.1M | $10.7M | $8.3M | $4.1M | $8.4M | $8.1M | $2.2M | $2.5M | $5.8M |
| Long-term debt | $1.8M | $2.2M | $1.7M | $292,285 | $142,264 | $0 | $0 | $640,460 | $661,170 | $0 |
| Lease obligations | $16.4M | $7.4M | $527,679 | $563,699 | $761,325 | $808,052 | — | $0 | $0 | $0 |
| Other long-term liabilities | $11.4M | $4.5M | $458,617 | $517,156 | $605,793 | $669,202 | $4.6M | $0 | $0 | $0 |
| Total liabilities | $23.2M | $16.7M | $12.8M | $9.1M | $4.9M | $9.0M | $8.1M | $2.9M | $3.2M | $5.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $13.2M | $2.1M | $1.2M | $597,675 | $557,781 | $20,518 | $12,590 | $11,932 | $10,000 | $10,000 |
| Retained earnings (deficit) | −$39.8M | $13.2M | $16.9M | $14.9M | $9.1M | $6.8M | $6.3M | $7.0M | $4.0M | $733,007 |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$10.6M | −$7.0M | −$16.7M | −$13.0M | $3.1M | $1.2M | −$598,338 | $6,682 | $718,941 | $625,795 |
| Minority interest | −$260,432 | $26,907 | $0 | $0 | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $124.1M | $170.0M | $162.0M | $154.7M | $159.9M | $28.3M | $21.5M | $19.2M | $10.7M | $6.4M |
| Key figures | ||||||||||
| Total debt | $20.8M | $15.1M | $11.1M | $4.6M | $3.1M | $4.1M | $4.3M | $2.1M | $2.3M | $4.0M |
| Net cash (debt) | −$20.0M | −$14.6M | $1.7M | $71.8M | $59.0M | −$3.6M | −$4.2M | $2.8M | $276,452 | −$3.9M |
| Working capital | $83.2M | $151.9M | $147.5M | $145.0M | $151.2M | $28.7M | $21.6M | $19.1M | $11.2M | $7.2M |
| Tangible book value | $124.1M | $170.0M | $162.0M | $154.7M | $159.8M | $28.2M | $21.5M | $19.2M | $10.7M | $6.4M |
| Book value per share | — | — | $19.16 | $6.65 | — | — | — | — | — | — |
| Shares outstanding | — | — | 8.5M | 23.2M | — | — | — | — | — | — |
| Current ratio | 9.35 | 16.10 | 14.76 | 18.49 | 37.46 | 4.42 | 3.65 | 9.60 | 5.43 | 2.23 |
| Quick ratio | 4.51 | 3.31 | 3.51 | 12.51 | 20.87 | 1.31 | 1.71 | 6.09 | 3.06 | 1.29 |
| Debt / equity | 0.17 | 0.09 | 0.07 | 0.03 | 0.02 | 0.14 | 0.20 | 0.11 | 0.22 | 0.62 |
| Equity / assets | 84.4% | 91.0% | 92.7% | 94.4% | 96.5% | 74.1% | 70.5% | 87.0% | 77.0% | 48.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $249,252 | $249,252 | $804,098 | $804,098 | $890,336 | $890,336 | $486,522 | $486,522 | $1.1M | $1.1M | $12.8M | $12.8M |
| Cash & equivalents | $249,252 | $249,252 | $804,098 | $804,098 | $890,336 | $890,336 | $486,522 | $486,522 | $1.1M | $1.1M | $12.8M | $12.8M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | — | $0 |
| Receivables | $36.4M | $20.2M | $44.1M | $13.1M | $4.7M | $4.6M | $32.8M | $32.5M | $23.0M | $23.0M | $24.8M | $24.7M |
| Inventory | $0 | $0 | $1.5M | $1.5M | $1.6M | $1.6M | $5.5M | $5.5M | $30.3M | $30.3M | $3.9M | $3.9M |
| Other current assets | $40.5M | $56.7M | $46.7M | $77.7M | $102.7M | $102.8M | $123.2M | $123.5M | $100.8M | $100.8M | $116.7M | $116.8M |
| Total current assets | $77.1M | $77.1M | $93.1M | $93.1M | $109.9M | $109.9M | $161.9M | $161.9M | $155.3M | $155.3M | $158.2M | $158.2M |
| Property, plant & equipment (net) | $14.6M | $14.6M | $16.5M | $16.5M | $5.5M | $5.5M | $7.4M | $7.4M | $492,364 | $492,364 | $540,991 | $540,991 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $6.9M | $0 | $106.0M | $0 | $7.0M | $0 | $7.0M | $0 | $6.9M |
| Other non-current assets | $41.2M | $23.2M | $37.4M | $30.5M | $115.0M | $8.9M | $17.4M | $10.3M | $16.2M | $9.2M | $16.1M | $9.2M |
| Total assets | $132.9M | $114.9M | $147.0M | $147.0M | $230.4M | $230.4M | $186.7M | $186.7M | $171.9M | $171.9M | $174.8M | $174.8M |
| Liabilities | ||||||||||||
| Accounts payable | $469,489 | $469,489 | $15,695 | $15,695 | $139,342 | $139,342 | $69,999 | $69,999 | $39,577 | $39,577 | $1.1M | $1.1M |
| Short-term debt | $6.2M | — | $7.6M | — | $7.4M | — | $8.8M | — | $5.9M | — | $8.9M | — |
| Deferred revenue | $484,862 | — | — | — | — | — | — | — | $53,132 | — | $33,814 | — |
| Total current liabilities | $13.7M | $13.7M | $10.0M | $10.0M | $58.6M | $58.6M | $10.1M | $10.1M | $7.1M | $7.1M | $10.7M | $10.7M |
| Long-term debt | $0 | $0 | $0 | $1.8M | $0 | $3.4M | $0 | $2.2M | $0 | $0 | $0 | $1.7M |
| Lease obligations | — | $14.2M | — | $16.4M | — | $5.5M | — | $7.4M | — | $489,674 | — | $527,679 |
| Other long-term liabilities | $10.5M | $10.5M | $13.2M | $11.4M | $5.6M | $2.2M | $6.7M | $4.5M | $436,542 | $436,542 | $2.1M | $458,617 |
| Total liabilities | $24.1M | $24.1M | $23.2M | $23.2M | $64.2M | $64.2M | $16.7M | $16.7M | $7.6M | $7.6M | $12.8M | $12.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $13.2M | — | $3.2M | — | $2.1M | — | $1.4M | — | $1.2M | — |
| Retained earnings (deficit) | −$76.9M | −$76.9M | −$39.8M | −$39.8M | $13.9M | $13.2M | $13.2M | $13.2M | $19.2M | $18.5M | $16.9M | $16.9M |
| Accumulated other comprehensive income | −$8.1M | — | −$10.6M | — | −$12.3M | — | −$7.0M | — | −$16.9M | — | −$16.7M | — |
| Minority interest | — | −$740,572 | — | −$260,432 | — | −$180,735 | — | — | — | — | — | — |
| Total shareholders' equity | $109.5M | $91.5M | $124.1M | $124.1M | $166.4M | $166.4M | $170.0M | $170.0M | $164.4M | $164.4M | $162.0M | $162.0M |
| Key figures | ||||||||||||
| Total debt | $16.7M | — | $20.8M | $1.8M | $13.0M | $3.4M | $15.1M | $2.2M | $6.4M | — | $11.1M | $1.7M |
| Net cash (debt) | −$16.4M | — | −$20.0M | −$1.0M | −$12.1M | −$2.5M | −$14.6M | −$1.7M | −$5.2M | — | $1.7M | $11.1M |
| Working capital | $63.5M | $63.5M | $83.2M | $83.2M | $51.4M | $51.4M | $151.9M | $151.9M | $148.1M | $148.1M | $147.5M | $147.5M |
| Tangible book value | $109.5M | $91.5M | $124.1M | $124.1M | $166.4M | $166.4M | $170.0M | $170.0M | $164.4M | $164.4M | $162.0M | $162.0M |
| Book value per share | $9.60 | $6.62 | — | — | — | — | — | — | $13.09 | — | — | — |
| Shares outstanding | 11.4M | 13.8M | — | — | — | — | — | — | 12.6M | — | — | — |
| Current ratio | 5.64 | 5.64 | 9.35 | 9.35 | 1.88 | 1.88 | 16.10 | 16.10 | 21.81 | 21.81 | 14.76 | 14.76 |
| Quick ratio | 2.68 | 1.50 | 4.51 | 1.40 | 0.10 | 0.09 | 3.31 | 3.27 | 3.39 | 3.39 | 3.51 | 3.50 |
| Debt / equity | 0.15 | — | 0.17 | 0.01 | 0.08 | 0.02 | 0.09 | 0.01 | 0.04 | — | 0.07 | 0.01 |
| Equity / assets | 82.4% | 79.6% | 84.4% | 84.4% | 72.2% | 72.2% | 91.0% | 91.0% | 95.6% | 95.6% | 92.7% | 92.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 10, 2026); data from EODHD.
FAMI financial position
At the end of fiscal 2025 (September 30, 2025), Farmmi had total assets of $147.0 million (down 21.3% from a year earlier), total liabilities of $23.2 million and shareholders' equity of $124.1 million. It held $0.8 million in cash and short-term investments against $20.8 million of debt, net debt of $20.0 million. Its current ratio was 9.35. In the latest quarter (ended June 30, 2026) total assets were $132.9 million and equity $109.5 million.
Related: FAMI income statement, FAMI cash flow statement, FAMI key metrics. See the FAMI stock overview for the latest quote and news.
FAMI balance sheet FAQ
What are Farmmi's total assets?
Farmmi reported total assets of $147.0 million at the end of fiscal 2025 (September 30, 2025), compared with $186.7 million a year earlier.
How much debt does Farmmi have?
Farmmi had $20.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.17.
How much cash does Farmmi have?
Farmmi held $0.8 million in cash and short-term investments at the end of fiscal 2025; with $20.8 million of debt that is net debt of $20.0 million.
What is Farmmi's book value?
Farmmi's shareholders' equity (book value) was $124.1 million at the end of fiscal 2025.
What is Farmmi's current ratio?
Farmmi had current assets of $93.1 million and current liabilities of $10.0 million, a current ratio of 9.35 (it can cover its short-term obligations).