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Private company

AppHarvest, Inc.

AppHarvest, Inc. is an American agricultural production-crops company based in Morehead.1

Last updated Oct 21, 2026.

Overview

  • IndustryAgricultural Production-Crops1
  • HeadquartersLexington, Kentucky1
  • Incorporated inDE2
  • Business address1890 Star Shoot Pkwy, Ste 170 Pmb 168, Lexington, Ky 405092
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-290.6%Gross margin3
-1190.9%Operating margin3
-1210.6%Net margin3
61.2%Revenue growth, 20223
-67.9%Return on equity3
0.69×Debt to equity3
-$257.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue40¢$57.0M
  • Selling, general and admin58¢$81.3M
  • Income tax2¢$2.5M

Out of $14.6M in revenue.3 The company lost money this year.

Financial statements

Revenue43$14.6M in 2022
0$5.0M$10.0M$15.0M2020: $0$020202021: $9.1M$9.1M20212022: $14.6M$14.6M2022+61%
Gross profit43-$42.4M in 2022
-$60.0M-$40.0M-$20.0M02020: $0$020202021: -$32.9M-$32.9M20212022: -$42.4M-$42.4M2022+29%
Operating income43-$173.8M in 2022+955% since 2020
-$300.0M-$200.0M-$100.0M02020: -$16.5M-$16.5M20202021: -$200.0M-$200.0M2021+1114%2022: -$173.8M-$173.8M2022−13%
Net income43-$176.6M in 2022+912% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M02020: -$17.4M-$17.4M20202021: -$166.2M-$166.2M2021+852%2022: -$176.6M-$176.6M2022+6%
Fiscal year2019202020212022
Revenue$04$9.1M3$14.6M3
Cost of revenue$04$41.9M3$57.0M3
Gross profit$04-$32.9M3-$42.4M3
Selling, general and admin$16.5M4$107.2M3$81.3M3
Operating expenses$167.1M3$131.4M3
Operating income-$16.5M4-$200.0M3-$173.8M3
Income before tax-$165.2M3-$174.1M3
Income tax$9.0K4$989.0K3$2.5M3
Net income-$17.4M4-$166.2M3-$176.6M3
Earnings per share-$0.464-$1.743-$1.693
Earnings per share (diluted)-$0.464-$1.743-$1.693
Shares (weighted, basic)95.6M shares3104.8M shares3
Shares (weighted, diluted)95.6M shares3104.8M shares3

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Corporate structure

AppHarvest, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AppHarvest, Inc.

  • AppHarvest, Inc. Lexington, Kentucky

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AppHarvest, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$2.6M3 Dec 31, 2022$5.0M3 Dec 31, 2021−47.6%

Real estate and locations

ItemLatestA year beforeChange
Area of land165 acres3 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$54.3M3 Dec 31, 2022$150.8M3 Dec 31, 2021−64.0%
Stakes in other companies (equity method)$5.0M3 Dec 31, 2022$5.0M3 Dec 31, 20210%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$03 Dec 31, 2021$03 Dec 31, 2020
Finite-lived intangibles, net$03 Dec 31, 2021$03 Dec 31, 2020

Inventory

ItemLatestA year beforeChange
Inventory, total$18.1M3 Dec 31, 2022$5.0M3 Dec 31, 2021+261.7%
Raw materials$6.2M3 Dec 31, 2022$1.3M3 Dec 31, 2021+371.2%
Finished goods$341.0K3 Dec 31, 2022$03 Dec 31, 2021

Leadership

Who has led AppHarvest, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Larry Paulson2020–2021
  2. Jonathan Webb2021–2022

Chair

  1. Jonathan Webb2021–2022

President

  1. David J. Lee2021–2022

Chief financial officer

  1. Vincent Donargo2020–2021
  2. Loren Eggleton2021–2023

Chief operating officer

  1. Marcella Butler2021
  2. Julie Nelson2022
  3. Anthony Ronald Martin2023
2025
Board members and other officers (17)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorR. Geof Rochester named Dec 21, 202131

Former names

  • Novus Capital CorpMar 26, 2020 to Jan 29, 20212

Timeline

  1. Dec 5, 20238-K Bankruptcy or receivership; Completed an acquisition or sale; Change to shareholders' rights32
  2. Nov 28, 20238-K Regulation FD disclosure33
  3. Oct 27, 20238-K Regulation FD disclosure34
  4. Oct 5, 20238-K Completed an acquisition or sale; Executive or director change35
  5. Sep 20, 20238-K Entered a material agreement; Bankruptcy or receivership36
  6. Sep 13, 20238-K Other events37
  7. Aug 4, 20238-K Entered a material agreement; Other events38
  8. Jul 28, 20238-K Entered a material agreement; New debt or obligation39
  9. Jul 24, 20238-K Entered a material agreement; Bankruptcy or receivership; New debt or obligation40
  10. Jul 17, 20238-K Debt or obligation accelerated; Executive or director change; Regulation FD disclosure41
  11. Jul 11, 20238-K Ended a material agreement; Other events42
  12. Jun 13, 20238-K Shareholder vote43
  13. Feb 1, 2021New chief executive Jonathan Webb becomes CEO8
  14. May 15, 2020New chief executive Larry Paulson becomes CEO9

Calendar

When it reported results

  1. May 10, 2023Reported quarterly or annual results44
  2. Mar 9, 2023Reported quarterly or annual results45
  3. Feb 8, 2023Reported quarterly or annual results46
  4. Nov 7, 2022Reported quarterly or annual results47
  5. Aug 3, 2022Reported quarterly or annual results48
  6. May 3, 2022Reported quarterly or annual results49
  7. Feb 24, 2022Reported quarterly or annual results50
  8. Jan 31, 2022Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

143 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 45 major events, 36 insider forms, 9 large holders, 1 private raises, 45 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Dec 8, 2023EFFECT EDGAR
  3. Dec 8, 2023EFFECT EDGAR
  4. Dec 8, 2023EFFECT EDGAR
  5. Dec 5, 202315-12G EDGAR
  6. Dec 5, 2023S-8 POS EDGAR
  7. Dec 5, 2023POS AM EDGAR
  8. Dec 5, 2023POS AM EDGAR
  9. Dec 5, 2023POS AM EDGAR
  10. Dec 5, 20238-K EDGAR
  11. Nov 28, 20238-K EDGAR
  12. Oct 27, 20238-K EDGAR
  13. Oct 5, 20238-K EDGAR
  14. Sep 20, 20238-K EDGAR
  15. Sep 13, 20238-K EDGAR
  16. Aug 4, 20238-K EDGAR
  17. Jul 28, 20238-K EDGAR
  18. Jul 24, 20238-K EDGAR
  19. Jul 20, 20233 EDGAR
  20. Jul 17, 20238-K EDGAR

The 143 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 1 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 21, 2022Lee David J.DirectorSale177,400$1.22$216.4KForm 4
Oct 26, 2022Lee David J.DirectorSale42,392$1.75$74.2KForm 4
Aug 16, 2022Nelson JulieChief Operating OfficerSale7,632$3.22$24.6KForm 4
Jul 26, 2022Lee David J.DirectorSale43,533$3.78$164.6KForm 4
May 6, 2022WILLIS J KEVINDirectorBuy30,000$3.05$91.5KForm 4
Apr 25, 2022Lee David J.DirectorSale43,326$4.25$184.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Dec 15, 2021Filed a private offering of equity31 Form D: $101 million offered in all Form D

SEC filer profile

How AppHarvest, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAppHarvest, Inc.1
  • CIK0001807707
  • Employer ID (EIN)84-50429651
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)0100 Agricultural Production-Crops1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address1890 Star Shoot Pkwy, Ste 170 Pmb 168, Lexington, KY 405091
  • Phone(606) 653-61001
  • Shares outstanding155,108,773 as of May 5, 20237
  • Public float$259.7M as of Jun 30, 20223
  • On EDGAR sinceMar 26, 20201
  • Filings296 in all: 8-K (62), 4 (61), 3 (24), 424B3 (23), 425 (18), EFFECT (12), 10-Q (10), SC 13G/A (10)1
    All 38 form types

    SC 13G (9), POS AM (7), CORRESP (6), S-4/A (5), DEFA14A (4), S-1/A (4), SC 13D/A (4), 10-K (3), 424B5 (3), S-1 (3), UPLOAD (3), 25-NSE (2), 8-K/A (2), D (2), DEF 14A (2), SC 13D (2), SEC STAFF LETTER (2), 10-K/A (1), 15-12G (1), 5 (1), 8-A12B (1), 8-A12B/A (1), ARS (1), CERT (1), DRS (1), PRE 14A (1), S-3 (1), S-4 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 15, 2023
    Quarterly report (10-Q) May 10, 2023
    Proxy statement (DEF 14A) Apr 28, 2023
    Latest 8-K (8-K) Dec 5, 2023

Sources

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