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FAMI on Nasdaq

Farmmi, Inc.

Canned company that raised $10 million in 2025 (SEC Form D)1

In its 2026 annual report (Form 20-F) the company says: “Farmmi, Inc., is a Cayman Islands holding company incorporated on July 28, 2015.”4 It is headquartered in Zhejiang Province, China.1 Its shares trade on Nasdaq under the symbol FAMI.1

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Last updated Oct 21, 2026.

Overview

$28.0MRevenue, fiscal 20252
-$53.1MNet income, fiscal 20252

Compare with Seneca Foods, The J.M. Smucker Company or BARFRESH FOOD GROUP INC., or pick any stock.

  • TickerFAMI on Nasdaq1
  • IndustryCanned, Fruits, Veg, Preserves, Jams & Jellies1
  • HeadquartersZhejiang Province, China1
  • Incorporated inCayman Islands3
  • Business addressFl 1, Building No. 1, 888 Tianning Street, Liandu District, Lishui, Zhejiang Province, F4 3230003
  • Filer categoryNon-accelerated filer3
  • Legal formCorporation

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Farmmi, Inc. (“FAMI”), is a Cayman Islands holding company incorporated on July 28, 2015. We conduct our operations in China principally through our foreign-owned PRC subsidiaries. FAMI’s registered office is at the office of Sertus Incorporations (Cayman) Limited, Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Islands. Its registered office’s telephone number is +1.345.745.5100. Farmmi, Inc.’s agent in the U.S. is Shangzhi Zhang, with the address of 33202 Havers Drive, Cary, NC 27518.4 From its latest annual report

Financials

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

Key numbers, fiscal 2025

2.9%Gross margin2
-200.6%Operating margin2
-189.8%Net margin2
-56.4%Revenue growth, 20252
-42.8%Return on equity2
0.01×Debt to equity2
$52.4MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue97¢$27.2M
  • Other costs3¢$801.5K
  • Income tax0¢$42

Out of $28.0M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$16.7K
  • Kept or used elsewhere100¢$52.4M

Out of $52.5M of cash from operations.2

Financial statements

Revenue56782$28.0M in 2025−6% since 2018
0$50.0M$100.0M$150.0M2018: $29.8M$29.8M20182019: $28.4M$28.4M2019−5%2020: $28.4M$28.4M2020+0%2021: $39.3M$39.3M2021+39%2022: $99.2M$99.2M2022+153%2023: $110.4M$110.4M2023+11%2024: $64.1M$64.1M2024−42%2025: $28.0M$28.0M2025−56%
Gross profit56782$801.5K in 2025−84% since 2018
0$2.0M$4.0M$6.0M2018: $5.1M$5.1M20182019: $4.7M$4.7M2019−8%2020: $4.7M$4.7M2020+0%2021: $5.1M$5.1M2021+10%2022: $5.4M$5.4M2022+6%2023: $4.3M$4.3M2023−21%2024: $3.9M$3.9M2024−10%2025: $801.5K$801.5K2025−79%
Operating income569782-$56.1M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2018: $3.1M$3.1M20182019: $2.3M$2.3M2019−26%2020: $2.3M$2.3M2020+0%2021: $2.9M$2.9M2021+26%2022: $942.4K$942.4K2022−67%2023: $2.0M$2.0M2023+117%2024: $795.7K$795.7K2024−61%2025: -$56.1M-$56.1M2025
Net income56782-$53.1M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2018: $3.2M$3.2M20182019: $813.5K$813.5K2019−75%2020: $813.5K$813.5K2020+0%2021: $2.4M$2.4M2021+190%2022: $2.2M$2.2M2022−6%2023: $2.5M$2.5M2023+14%2024: -$4.7M-$4.7M20242025: -$53.1M-$53.1M2025+1041%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Sales to third parties$28.0M$64.1M$110.4M
Sales to related parties$138$2.8K$0
Revenues$28.0M$64.1M$110.4M
Cost of revenues-$27.2M-$60.3M-$106.1M
Gross profit$801.5K$3.9M$4.3M
Impairment loss for biological assets-$8.9M$0$0
(Allowance) reversal of allowance for credit losses-$45.1M-$418.7K$32.0K
Selling and distribution expenses-$309.1K-$135.8K-$145.3K
General and administrative expenses-$2.6M-$2.5M-$2.1M
Total operating expenses-$56.9M-$3.1M-$2.2M
(Loss) income from operations-$56.1M$795.7K$2.0M
Change in fair value of derivative liability$0$0$873.8K
Interest income$10.5K$3.9K$743.9K
Interest expense-$418.3K-$1.7M-$650.8K
Amortization of debt issuance costs-$294.7K-$60.3K-$1.7M
Government grant$9.3K$0$1.4M
Other income, net$1.5M$265.4K$101.5K
Gain (loss) on disposal of subsidiaries$1.9M-$3.9M$0
Total other income (expenses), net$2.7M-$5.4M$815.9K
(Loss) income before income taxes-$53.4M-$4.6M$2.9M
Income tax expense-$42-$264-$313.5K
Net (loss) income-$53.4M-$4.6M$2.5M
Less: Net (loss) income attributable to non-controlling interest-$287.3K$26.9K$0
Net (loss) income attributable to Farmmi, Inc.-$53.1M-$4.7M$2.5M
Net (loss) income-$53.1M-$4.7M$2.5M
Foreign currency translation-$3.6M$10.8M-$4.3M
Comprehensive (loss) income attributable to Farmmi, Inc-$56.7M$6.1M-$1.7M
Basic1.8M shares590.7K shares302.4K shares
Diluted1.8M shares590.7K shares704.4K shares
Basic.-$28.92-$7.88$8.41
Diluted.-$28.92-$7.88$3.61

Compare Farmmi, Inc. with another company

Corporate structure

Farmmi, 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 Farmmi, Inc.

  • Farmmi, Inc. Zhejiang Province, China

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

What it owns

What Farmmi, 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
Property and equipment, before depreciation$46.1K2 Sep 30, 2025$97.5K2 Sep 30, 2024−52.7%
Accumulated depreciation$9.3K2 Sep 30, 2025$55.2K2 Sep 30, 2024−83.1%
Property and equipment, net$36.8K2 Sep 30, 2025$42.3K2 Sep 30, 2024−13.0%
Operating-lease assets (leased space)$16.4M2 Sep 30, 2025$7.4M2 Sep 30, 2024+122.2%

Investments

ItemLatestA year beforeChange
Long-term investments$6.9M2 Sep 30, 2025$7.0M2 Sep 30, 2024−1.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$9.0M2 Sep 30, 2025$9.3M2 Sep 30, 2024−3.7%
Finite-lived intangibles, gross$9.8M2 Sep 30, 2025$10.0M2 Sep 30, 2024−1.4%
Accumulated amortization-$847.8K2 Sep 30, 2025-$641.7K2 Sep 30, 2024−32.1%
Finite-lived intangibles, net$9.3M8 Sep 30, 2024$9.2M8 Sep 30, 2023+1.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.5M2 Sep 30, 2025$5.5M2 Sep 30, 2024−71.9%
Raw materials$02 Sep 30, 2025$331.3K2 Sep 30, 2024−100.0%
Finished goods$1.5M2 Sep 30, 2025$5.1M2 Sep 30, 2024−69.7%

Leadership

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

Chief executive

  1. Yefang Zhang2026–now

Chief financial officer

  1. Zhimin Lu2026–now
Board members and other officers (5)

Timeline

  1. Mar 17, 2026New chief executive Yefang Zhang becomes CEO11

Filings

111 filings to the SEC since October 2021: 5 annual reports, 6 insider forms, 4 large holders, 1 private raises, 95 other. The latest 20:

  1. Aug 27, 20266-K EDGAR
  2. Aug 14, 2026SCHEDULE 13G/A EDGAR
  3. Aug 12, 20266-K EDGAR
  4. Jul 6, 20266-K EDGAR
  5. Jul 6, 2026SCHEDULE 13G EDGAR
  6. Jun 30, 2026424B5 EDGAR
  7. Jun 29, 2026424B5 EDGAR
  8. Jun 22, 20266-K EDGAR
  9. Jun 17, 2026424B5 EDGAR
  10. May 29, 20266-K EDGAR
  11. May 6, 20266-K EDGAR
  12. Apr 10, 20266-K EDGAR
  13. Mar 31, 20263 EDGAR
  14. Mar 31, 20263 EDGAR
  15. Mar 31, 20263 EDGAR
  16. Mar 31, 20263 EDGAR
  17. Mar 17, 20263 EDGAR
  18. Mar 17, 20263 EDGAR
  19. Feb 25, 20266-K EDGAR
  20. Feb 10, 202620-F EDGAR

The 111 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.

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.

Money received by year$10.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $10.0M in all. Private raises (Form D) $10.0M.$0$2.5M$5M$7.5M$10M2025 · Private raises (Form D): $10.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$10.0M$10.0M

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. Aug 4, 2025Raised $10 million in a private offering of securities20 Form D: 12 investors so far Form D

SEC filer profile

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

  • Name on EDGARFarmmi, Inc.1
  • CIK0001701261
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)2033 Canned, Fruits, Veg, Preserves, Jams & Jellies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressFl 1, Building No. 1, 888 Tianning Street, Liandu District, Lishui, Zhejiang Province, F4 3230001
  • Phone86-0578-826128761
  • Shares outstanding5,481,874 shares as of Sep 30, 20254
  • AuditorYCM CPA INC., Irvine, California PCAOB ID 6781; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 5, 20171
  • Filings214 in all: 6-K (106), CORRESP (17), EFFECT (9), UPLOAD (9), 20-F (8), 424B5 (8), 3 (6), F-3 (6)1
    All 29 form types

    6-K/A (5), F-1/A (5), 424B3 (4), SC 13G (4), F-1 (3), 424B4 (2), D (2), DRS (2), F-1MEF (2), NT 20-F (2), RW (2), S-8 (2), SC 13G/A (2), 8-A12B (1), CERT (1), DRS/A (1), DRSLTR (1), FWP (1), POS AM (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Feb 10, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, $2.40 par value per shareFAMINASDAQ

From the cover page of the 20-F filed Feb 10, 2026 (Section 12(b) of the Exchange Act).4

Sources

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