Farmmi, Inc. (FAMI) Cash Flow Statement
Where FAMI’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $52.5M
- Capital expenditures
- $16,667 0.1% of revenue
- Free cash flow
- $52.4M 187.5% margin
- Returned to shareholders
- —
- Change in cash
- $317,576 cash at year-end $804,098
Cash from operations
$52.5M
Investments (net)
−$59.6M
Net borrowing (repayment)
−$3.0M
Shares issued
+$9.8M
Other financing
+$666,780
Change in cash
$317,576
Drawn to scale: where the cash came from and how it was used. Hover for values.
FAMI operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
FAMI cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$640,899FY2016 | $52.5MFY2025 | — | |
| Capital expenditures | $6,120FY2016 | $16,667FY2025 | +11.8%/yr | |
| Free cash flow | −$647,019FY2016 | $52.4MFY2025 | — | |
| Free cash flow margin | −3.1%FY2016 | 187.5%FY2025 | +190.6 pts | |
| Operating cash flow / net income | −0.28FY2016 | −29.78FY2023 | −29.50 | |
| Stock-based compensation | −$163,056FY2016 | $0FY2024 | — | |
| Dividends paid | $0FY2016 | $0FY2018 | — | |
| Share buybacks (net) | $0FY2016 | $0FY2018 | — | |
| Capex / revenue | 0.0%FY2016 | 0.1%FY2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FAMI cash flow by activity
OperatingInvestingFinancingChange in cash
FAMI net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FAMI cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$53.4M | −$4.7M | $2.5M | $2.2M | $2.4M | $813,455 | −$311,004 | $3.2M | $3.3M | $2.3M |
| Depreciation & amortization | $3.3M | $588,662 | $289,550 | $367,884 | $68,418 | $65,232 | $46,779 | $24,886 | $21,939 | $18,891 |
| Stock-based compensation | — | $0 | −$906,413 | $2.0M | $1.3M | $0 | — | — | — | −$163,056 |
| Change in working capital | $50.1M | −$18.6M | −$79.5M | $16.8M | −$165,081 | −$4.7M | −$13.7M | −$6.0M | −$1.3M | −$3.0M |
| Other non-cash items | $52.5M | $5.9M | $1.9M | −$775,556 | −$56.4M | $2.2M | $3.2M | $873 | $0 | $162,134 |
| Cash from operating activities | $52.5M | −$16.8M | −$75.8M | $20.6M | −$52.9M | −$1.6M | −$10.8M | −$2.7M | $2.0M | −$640,899 |
| Investing activities | ||||||||||
| Capital expenditures | −$16,667 | −$29,450 | −$314 | −$2,946 | −$4,686 | −$247,240 | −$94,905 | −$64,715 | −$66,503 | −$6,120 |
| Investments (net) | −$59.6M | $2.1M | $35.9M | −$42.0M | −$2.8M | −$247,240 | −$94,905 | −$64,715 | $2.1M | −$1.5M |
| Acquisitions & other investing | −$60,538 | $29,450 | $314 | $2,946 | −$9.5M | $247,240 | $94,905 | $64,715 | $66,503 | $6,120 |
| Cash from investing activities | −$59.7M | $2.1M | $35.9M | −$42.0M | −$12.3M | −$247,240 | −$94,905 | −$64,715 | $2.1M | −$1.5M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | $7.7M | $0 | $3.2M |
| Net borrowing (repayment) | −$3.0M | $832,248 | $3.1M | −$365,132 | −$3.4M | $2.8M | $6.8M | −$453,171 | −$1.4M | −$1.1M |
| Shares issued | $9.8M | $762,703 | $7.9M | $6.0M | $126.0M | $0 | $0 | $7.7M | $0 | $0 |
| Other financing | $666,780 | $232,419 | $9,150 | $6.0M | −$252,488 | $428,100 | −$716,318 | −$8.9M | −$278,820 | −$1 |
| Cash from financing activities | $7.6M | $1.8M | $11.0M | $11.6M | $122.4M | $3.2M | $6.1M | $6.1M | −$1.7M | $2.1M |
| Summary | ||||||||||
| Net change in cash | $317,576 | −$12.3M | −$28.4M | −$18.1M | $57.1M | $1.4M | −$4.8M | $2.3M | $2.5M | −$109,249 |
| Cash at end of period | $804,098 | $486,522 | $12.8M | $41.2M | $522,915 | $2.2M | $753,815 | $4.9M | $2.6M | $47,241 |
| Free cash flow | $52.4M | −$16.8M | −$75.8M | $20.6M | −$946,271 | −$1.9M | −$10.9M | −$2.8M | $1.9M | −$647,019 |
| Free cash flow margin | 187.5% | −26.2% | −68.6% | 20.8% | −2.4% | −6.2% | −35.2% | −9.4% | 7.3% | −3.1% |
| Capex / revenue | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.3% | 0.2% | 0.2% | 0.0% |
| Operating cash flow / net income | — | — | −29.78 | 9.28 | −22.43 | −1.99 | — | −0.84 | 0.61 | −0.28 |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$37.1M | −$53.1M | −$44,016 | −$5.3M | $630,492 | $963,954 | $1.6M | $789,930 | $2.8M | $1.4M | −$586,939 |
| Depreciation & amortization | $2.3M | $1.4M | $1.9M | $451,456 | $137,206 | $150,653 | $138,897 | $14,664 | $331,545 | $40,622 | $36,339 |
| Stock-based compensation | — | — | — | — | — | — | — | — | $7,328 | — | $2.0M |
| Change in working capital | −$2.2M | $37.4M | $11.7M | −$3.0M | −$18.6M | −$65.7M | −$13.9M | — | $12.1M | — | $4.7M |
| Other non-cash items | $35.7M | $52.1M | $1.0M | $5.9M | $2.9M | $162,205 | $880,535 | −$6.5M | −$964,050 | $5.7M | $188,494 |
| Cash from operating activities | −$1.3M | $37.9M | $14.6M | −$1.9M | −$14.9M | −$64.5M | −$11.3M | −$5.7M | $14.3M | $7.1M | $6.4M |
| Investing activities | |||||||||||
| Capital expenditures | −$418,765 | −$3 | −$16,666 | −$29,450 | −$14.9M | −$314 | −$3 | $0 | −$1,852 | −$926 | −$1,094 |
| Investments (net) | — | — | — | — | — | — | — | $14.3M | $14.3M | $600,512 | $600,512 |
| Acquisitions & other investing | −$2.6M | −$44.7M | −$15.0M | −$848,967 | $17.8M | −$429,770 | $36.3M | $3.8M | −$3.4M | $4.9M | −$53.5M |
| Cash from investing activities | −$3.0M | −$44.7M | −$15.0M | −$878,417 | $2.9M | −$430,084 | $36.3M | $18.2M | $10.9M | $5.5M | −$52.9M |
| Financing activities | |||||||||||
| Net borrowing (repayment) | — | — | — | — | — | — | — | $665,627 | $665,627 | −$130,325 | −$130,325 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $3.7M | $6.7M | $875,208 | $1.8M | −$16,653 | $9.7M | $1.3M | $0 | $5.1M | $3.0M | $6.0M |
| Cash from financing activities | $3.7M | $6.7M | $875,208 | $1.8M | −$16,653 | $9.7M | $1.3M | $665,627 | $5.7M | $2.9M | $5.9M |
| Summary | |||||||||||
| Net change in cash | −$554,846 | −$86,238 | $403,814 | −$637,927 | −$11.7M | −$56.6M | $28.2M | $14.1M | $25.9M | $13.0M | −$44.0M |
| Cash at end of period | $249,252 | $804,098 | $890,336 | $486,522 | $1.1M | $12.8M | $69.4M | $41.2M | $41.2M | $52.0M | $15.3M |
| Free cash flow | −$1.7M | $37.9M | $14.6M | −$1.9M | −$14.9M | −$64.5M | −$11.3M | −$5.7M | $14.3M | $7.1M | $6.4M |
| Free cash flow margin | −26.6% | 320.4% | 90.1% | −6.9% | −40.9% | −129.4% | −18.7% | — | 25.0% | — | 15.1% |
| Capex / revenue | 6.5% | 0.0% | 0.1% | 0.1% | 40.9% | 0.0% | 0.0% | — | 0.0% | — | 0.0% |
| Operating cash flow / net income | — | — | — | — | −23.63 | −66.86 | −7.16 | −7.16 | 5.07 | 5.07 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
FAMI cash generation
In fiscal 2025 (ended September 30, 2025), Farmmi generated $52.5 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of $52.4 million, 187.5% of revenue. Cash and equivalents rose by $0.3 million over the year.
Related: FAMI income statement, FAMI balance sheet. See the FAMI stock overview for the latest quote and news.
FAMI cash flow FAQ
What is Farmmi's free cash flow?
Farmmi's free cash flow was $52.4 million in fiscal 2025: $52.5 million of operating cash flow minus $0.0 million of capital expenditures It was -$16.8 million a year earlier..
How much cash does Farmmi generate from operations?
Farmmi generated $52.5 million of cash from operating activities in fiscal 2025.
How much does Farmmi spend on capital expenditures?
Farmmi spent $0.0 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with $0.0 million the year before.