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AGRI

AgriFORCE Growing Systems Ltd.

AGRI

AgriFORCE Growing Systems Ltd. • NASDAQ
$1.91 ▼ -1.04% (-0.02)
Market Cap $4.78 M
52w High $38.88
52w Low $1.43
Dividend Yield 0%
P/E 0
Volume 294.51K
Outstanding Shares 2.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $525.915K ▲ $8.655M ▲ $-8.351M ▼ -1.588K% ▲ $-5.55 ▲ $-8.04M ▼
Q2-2025 $451.955K ▲ $1.697M ▼ $-8.06M ▼ -1.783K% ▼ $-248.4 ▼ $-5.714M ▼
Q1-2025 $344.416K ▲ $2.146M ▼ $-145.455K ▲ -42.232% ▲ $-0.087 ▲ $1.101M ▲
Q4-2024 $26.572K ▲ $2.292M ▲ $-2.868M ▲ -10.792K% ▼ $-1.85 ▲ $-2.394M ▲
Q3-2024 $0 $1.299M $-5.847M 0% $-6.35 $-5.208M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $894.701K ▲ $16.51M ▲ $4.359M ▼ $12.151M ▲
Q2-2025 $185.313K ▼ $15.243M ▼ $11.184M ▲ $4.059M ▼
Q1-2025 $1.352M ▲ $16.824M ▲ $10.417M ▲ $6.407M ▲
Q4-2024 $489.868K ▼ $10.764M ▼ $4.653M ▲ $6.111M ▼
Q3-2024 $1.373M $10.792M $4.122M $6.669M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.351M ▼ $-2.378M ▼ $166.485K ▲ $2.923M ▲ $709.388K ▲ $-2.434M ▼
Q2-2025 $-8.06M ▼ $-884.143K ▲ $-918.307K ▲ $609K ▼ $-1.167M ▼ $-1.908M ▲
Q1-2025 $-145.455K ▲ $-2.172M ▼ $-4.765M ▼ $7.933M ▲ $862.115K ▲ $-2.172M ▲
Q4-2024 $-2.868M ▲ $-1.842M ▼ $-1.514M ▼ $2.246M ▲ $-883.426K ▲ $-2.682M ▼
Q3-2024 $-5.847M $-1.151M $-356.079K $-50K $-1.564M $-1.151M

Five-Year Company Overview

Income Statement

Income Statement The company is still essentially pre-revenue. Over several years it has reported almost no sales but has continued to record operating losses, even if the absolute dollar amounts are small. This paints a picture of a business that is still in the development and repositioning phase rather than one with a proven, scalable commercial model. Losses also appear persistent rather than one‑off, which suggests the business has yet to demonstrate a clear path to recurring, self‑funded profitability.

Balance Sheet

Balance Sheet The balance sheet looks very thin, with only modest total assets and very limited cash on hand recently. Debt does not appear to be a major burden, but the flip side is that the company has very little financial cushion. Equity exists but is small, reflecting a fragile capital base. Multiple reverse stock splits in recent years also signal that the company has faced sustained market‑value pressure and has likely relied heavily on issuing shares to keep funding operations.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, indicating the core business consumes cash rather than generates it. Free cash flow is also negative, though there is little in the way of capital spending, implying that most outflows are for overhead, development, and repositioning costs rather than large physical assets. Overall, the company appears dependent on external financing to stay afloat until its new strategy, if successful, can begin to produce meaningful cash inflows.

Competitive Edge

Competitive Edge The company’s competitive position is unusual and still unproven. On the legacy side, it has patents around controlled‑environment agriculture and sanitation technologies, which provide some technical differentiation. On the new side, it is trying to carve out a niche by combining crypto mining with agricultural production, using low‑cost or stranded energy and recycling mining heat into food production. This hybrid strategy is novel and could offer a first‑mover edge if executed well, but there are many stronger, better‑funded competitors both in pure AgTech and pure crypto mining. At this stage, its moat is more conceptual than demonstrated in the marketplace.

Innovation and R&D

Innovation and R&D Innovation is clearly a central part of the story. The company has developed proprietary GrowHouse designs and a patented hydroxyl‑based sanitation system, and is now layering on an integrated energy and computing platform for crypto mining and agriculture. It is also exploring a blockchain‑focused identity under the AVAX One brand, with potential applications in digital assets and supply chains. The opportunity lies in combining these elements into real, revenue‑producing projects. The risk is that the company is stretching across several complex, capital‑intensive domains at once—AgTech, energy, crypto mining, and blockchain—where execution challenges are high and timelines can be long.

Summary

Overall, this looks like a very early‑stage, high‑concept company with minimal current revenue, ongoing losses, and a very light balance sheet. The story is driven less by what the business is today and more by what management hopes to build: integrated crypto mining and sustainable agriculture, supported by proprietary growing and sanitation technologies and a blockchain‑oriented platform. If these projects come together, the model could be distinctive, but for now it remains largely unproven and financially fragile. The key things to watch are evidence of actual operating facilities, clear and growing revenue streams, better cash generation, and a strengthening balance sheet to support what is an ambitious and complex strategy.

NEWS

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November 5, 2025 · 4:30 PM UTC

AgriFORCE Growing Systems (AGRI) Announces Completion of PIPE Financing, Becomes the First Publicly-Traded Avalanche-Focused Company on Nasdaq

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October 27, 2025 · 4:30 PM UTC

AgriFORCE Growing Systems (AGRI) Announces Shareholder Approval in Support of First Publicly-Traded Avalanche-Focused Company on Nasdaq

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September 22, 2025 · 7:00 AM UTC

AgriFORCE Growing Systems (AGRI) to Launch as First Publicly-Traded Avalanche-Focused Company on NASDAQ with a $550 Million Capital Raise Strategy

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