Farmmi, Inc.FAMI
What Farmmi, Inc. does.
We are a supplier of agricultural products. Our business has historically been focused on the processing and/or sales of a variety of mushrooms, edible fungi and other agricultural products. In the recent years, in response to the market demand, our product sales have been more evenly divided among Shiitake mushrooms, Mu Er mushrooms, and bulk agricultural commodity trading such as cotton and corn bulk trading.
Our founders Ms. Yefang Zhang and Mr. Zhengyu Wang started their edible fungi business in November 1994 by establishing Lishui Jingning Huali Co., Ltd. They established our first Farmmi/Forasen entity, Forest Food, in May 2003. We established Farmmi Food, a new subsidiary under Farmmi Agricultural, in December 2017 and it started the operation in May 2018. Forest Food and Farmmi Food focus on export sales and domestic sales of small packages of our edible fungi, while FLS Mushroom, which was founded in March 2011, focused on the Chinese domestic market for big packages. Our business office is located in Binjiang district of Hangzhou city in Zhejiang. We have two processing factories in Lishui. Our raw materials are directly or indirectly provided by family farms from various counties of Lishui in Zhejiang along with other provinces in China.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | $39.3M | $99.2M | $110.4M | $64.1M | $28.0M | — |
| Net income | $2.4M | $2.2M | $2.5M | -$4.7M | -$53.1M | — |
| Free cash flow | -$52.9M | $20.6M | -$75.8M | -$16.8M | $52.4M | — |
More on FAMI.
- Farmmi, Inc. summary
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- Farmmi, Inc. key metrics
- Farmmi, Inc. health scores and style box
- Farmmi, Inc. earnings
- Farmmi, Inc. dividends
- Farmmi, Inc. valuation
- Farmmi, Inc. ownership and insiders
- Farmmi, Inc. peers
Figures from Farmmi, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.