Farmmi, Inc., alongside its subsidiaries, specializes in the processing and global distribution of agricultural products, reaching markets including China, the United States, ...
Farmmi, Inc. (NASDAQ: FAMI) is an agricultural products processor and distributor centered on edible fungi. The company’s core product line includes shiitake and Mu Er (wood ear) mushrooms, alongside a broader catalog of gourmet mushrooms such as bamboo fungi, Agrocybe aegerila, Pleurotus eryngii, Coprinus comatus, Grifola frondosa, and Hericium erinaceus. ...Farmmi, Inc. (NASDAQ: FAMI) is an agricultural products processor and distributor centered on edible fungi. The company’s core product line includes shiitake and Mu Er (wood ear) mushrooms, alongside a broader catalog of gourmet mushrooms such as bamboo fungi, Agrocybe aegerila, Pleurotus eryngii, Coprinus comatus, Grifola frondosa, and Hericium erinaceus. It also processes and sells dried formats—e.g., dried mushrooms and dried black fungus—allowing the business to serve both retail and foodservice customers that value shelf-stable ingredients.
From a business and go-to-market perspective, Farmmi distributes products across multiple international and domestic markets, including China and North America, as well as Japan, Canada, parts of Europe, Korea, and the Middle East. Its customer base spans culinary establishments (restaurants and chefs), institutional food services, specialized local retailers, and distributors that help scale regional availability. The company also operates Farmmi Jicai, an e-commerce platform for direct online sales of its edible fungi under brands including Forasen and Farmmi Liangpin. This blend of wholesale/distributor-led distribution plus e-commerce supports reach across different purchasing channels and helps manage seasonality and demand variability.
Operationally, producing mushrooms and related dried products involves a material-centric bill of materials (BOM) and cost structure typically driven by agricultural inputs (cultivation substrates), processing consumables, drying/packaging materials, logistics, and quality/sanitation costs. The company’s positioning as a processor and global distributor implies that value is added not only through cultivation and procurement, but also through post-harvest handling, processing, and packaging designed for freshness preservation and shipping resilience—particularly important for export markets.
Financially, Farmmi has reported mixed performance in market-based valuation and profitability indicators in the provided snapshot. The enterprise and profitability ratios show weak or negative margins (e.g., negative EBIT/operating and net profit margins in the provided trailing snapshot), while liquidity and current-asset coverage metrics appear relatively high (e.g., strong current ratio/quick ratio figures in the snapshot). The market capitalization shown in the data is low (small-cap profile), and valuation multiples based on earnings can be distorted when earnings are negative.
Key leadership includes Yefang Zhang (Chairwoman and CEO). Farmmi was founded as a business in 1998, with later corporate structuring and incorporation disclosed in public filings (including an incorporation under Cayman Islands laws on July 28, 2015). With a relatively small workforce (the dataset indicates about 20 full-time employees), the company’s operations are likely supported by specialized processing facilities and external partners/distributors to scale cultivation, processing, and logistics.
Overall, Farmmi aims to maintain and expand its branded presence and product assortment in edible fungi, leveraging both distribution relationships and direct-to-consumer e-commerce. A practical strategic “wish” for the business would be continued improvement in margins and profitability through product mix optimization (fresh vs. dried, high-turn items), better logistics efficiency, and tighter cost control across processing and packaging, while strengthening demand visibility in key export markets.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$28.0M
-56.4%
-45.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-53.1M
-1040.8%
+30.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+2.9%
-52.6%
-15337.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-168.9%
-13714.3%
-25.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-189.8%
-2515.5%
-29.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$52.4M
+412.1%
-104.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+187.5%
+815.5%
-108.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
16.7%
+89.0%
-8.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
9.35x
-41.9%
-39.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
