Farmmi (FAMI) AI Stock Analysis

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Farmmi

(NASDAQ:FAMI)

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Rating:45Neutral

Price Target:$0.14▲(21.93% Upside)

Action:reiterated

Date:09/23/26

The score is driven primarily by severely weakened financial performance (sharp revenue decline and large 2025 net loss), with only partial offsets from low leverage and a one-year cash-flow rebound. Technicals remain weak on a longer-term basis (price far below 100/200-day averages and negative MACD), and valuation signals are not helpful due to a negative P/E and no dividend yield data.

Positive Factors

Low financial leverageModest debt relative to equity limits borrowing-related balance-sheet strain and preserves some financial flexibility. This is a durable support compared with highly leveraged peers, although the declining equity base means the cushion could weaken if operating losses continue.

Negative Factors

Severe revenue contractionThe sustained multi-year revenue decline indicates a major weakening in sales scale rather than a single quarterly fluctuation. Lower volume or market reach can reduce operating leverage, constrain reinvestment, and make recovery in profitability more difficult over the coming periods.

Farmmi (FAMI) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $4.29M
Dividend Yield: ―
Average Volume (3M): 25.53M
Price to Earnings (P/E): -0.0
Beta (1Y): 0.60
Revenue Growth: -58.43%
EPS Growth: -252.50%
Country: US
Employees: 15
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

Farmmi Business Overview & Revenue Model

Company Description

Farmmi, Inc., alongside its subsidiaries, specializes in the processing and global distribution of agricultural products, reaching markets including China, the United States, Japan, Canada, various European nations, Korea, and the Middle East. The co...

How the Company Makes Money

Farmmi primarily makes money by selling edible fungi and related agricultural products to customers through wholesale and, where applicable, retail/distribution channels. Its revenue model is product-sales driven: (1) sales of fresh mushrooms (e.g.,...

Farmmi Financial Statement Overview

Summary

Financial performance is weak overall. The income statement deteriorated sharply with revenue falling from 110.4M (2023) to 64.1M (2024) to 28.0M (2025) and profitability collapsing (2025 gross margin ~2.9% and a large net loss ~-53.1M). Offsetting factors include low leverage (debt-to-equity ~0.07–0.17) and a 2025 rebound to positive operating/free cash flow (+52.5M), though cash flow volatility reduces confidence in sustainability.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

54Neutral

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	18.22M	27.97M	64.13M	110.36M	99.21M	39.29M
Gross Profit	-1.10M	801.52K	3.87M	4.29M	5.44M	5.11M
EBITDA	-74.36M	-43.96M	-2.35M	3.80M	2.66M	2.58M
Net Income	-90.16M	-53.10M	-4.65M	2.54M	2.22M	2.36M
Balance Sheet
Total Assets	132.89M	147.03M	186.73M	174.80M	163.78M	165.69M
Cash, Cash Equivalents and Short-Term Investments	249.25K	804.10K	486.52K	12.79M	76.32M	62.05M
Total Debt	16.69M	20.77M	15.05M	11.06M	4.55M	3.08M
Total Liabilities	24.14M	23.18M	16.72M	12.82M	9.10M	4.89M
Stockholders Equity	109.48M	124.12M	169.99M	161.98M	154.68M	159.88M
Cash Flow
Free Cash Flow	36.19M	52.45M	-16.80M	-75.75M	20.63M	-946.27K
Operating Cash Flow	36.61M	52.46M	-16.78M	-75.75M	20.64M	-941.59K
Investing Cash Flow	-47.68M	-59.70M	2.07M	35.90M	-41.99M	-12.26M
Financing Cash Flow	10.43M	7.56M	1.83M	11.02M	11.63M	122.41M

Farmmi Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.11

Price Trends

50DMA0.12Negative

100DMA0.18Negative

200DMA0.73Negative

Market Momentum

MACD-0.01Negative

RSI53.88Neutral

STOCH44.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FAMI, the sentiment is Neutral. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.12, and below the 200-day MA of 0.73, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 44.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FAMI.

Farmmi Risk Analysis

Farmmi disclosed 70 risk factors in its most recent earnings report. Farmmi reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Farmmi Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

FAMI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
FAMI	45Neutral	$3.25M	-0.00	-77.20%	―	-58.43%	-252.50%
SOWG	40Underperform	$40.60M	-0.04	-1651.95%	―	―	―
STKH	37Underperform	$554.59K	-0.43	-156.40%	―	-100.00%	90.28%

* Consumer Defensive Sector Average

Performance Comparison

FAMI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FAMI	Farmmi	0.11	-1.44	-92.65%
PLAG	Planet Green Holdings Corp	0.37	-1.35	-78.26%
SOWG	Sow Good Inc.	1.97	-6.43	-76.55%
STKH	Steakholder Foods Ltd.	2.35	-40.09	-94.45%

Farmmi Corporate Events

Farmmi Files First-Half 2026 Results, Highlighting Liquidity Strain

Aug 27, 2026

On August 27, 2026, Farmmi reported unaudited financial results for the six months ended March 31, 2026, filing a Form 6-K that incorporates its latest statements into existing U.S. shelf and employee stock plan registrations. The filing details a sh...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 23, 2026

Farmmi AI Stock Analysis