AGRI - AgriFORCE Growing S... Stock Analysis | Stock Taper
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AgriFORCE Growing Systems Ltd.

AGRI

AgriFORCE Growing Systems Ltd. NASDAQ
$0.75 0.00% (+0.00)

Market Cap $1.87 M
52w High $38.88
52w Low $0.56
P/E 0
Volume 1.03M
Outstanding Shares 2.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $525.91K $8.66M $-8.35M -1.59K% $-5.55 $-8.04M
Q2-2025 $451.95K $1.7M $-8.06M -1.78K% $-248.4 $-5.71M
Q1-2025 $344.42K $2.15M $-145.46K -42.23% $-0.09 $1.1M
Q4-2024 $26.57K $2.29M $-2.87M -10.79K% $-1.85 $-2.39M
Q3-2024 $0 $1.3M $-5.85M 0% $-6.35 $-5.21M

What's going well?

Revenue is growing, up 16% from last quarter, and gross margins are slightly better. Interest expense has been eliminated, which helps reduce financial pressure.

What's concerning?

Operating expenses surged to over $8.7 million, far outpacing revenue and leading to much larger losses. The company is burning cash quickly and remains deeply unprofitable, with no sign of cost control.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $894.7K $16.51M $4.36M $12.15M
Q2-2025 $185.31K $15.24M $11.18M $4.06M
Q1-2025 $1.35M $16.82M $10.42M $6.41M
Q4-2024 $489.87K $10.76M $4.65M $6.11M
Q3-2024 $1.37M $10.79M $4.12M $6.67M

What's financially strong about this company?

The company slashed its debt and boosted cash reserves, making it much less risky. Shareholder equity is now solidly positive, and most supplier bills have been paid off.

What are the financial risks or weaknesses?

Over half the assets are intangibles, which could be written down if business weakens. The company has a long history of losses, and current assets still fall short of covering all near-term bills.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-8.35M $-2.38M $166.49K $2.92M $709.39K $-2.43M
Q2-2025 $-8.06M $-884.14K $-918.31K $609K $-1.17M $-1.91M
Q1-2025 $-145.46K $-2.17M $-4.76M $7.93M $862.12K $-2.17M
Q4-2024 $-2.87M $-1.84M $-1.51M $2.25M $-883.43K $-2.68M
Q3-2024 $-5.85M $-1.15M $-356.08K $-50K $-1.56M $-1.15M

What's strong about this company's cash flow?

Capital spending was cut sharply this quarter, which helped conserve some cash. The company was able to raise new funds to keep operations going.

What are the cash flow concerns?

Cash burn from operations is rising, and the company can't cover expenses without new financing. The cash balance is extremely low, giving very little runway before more money must be raised.

Revenue by Geography

Region Q2-2025Q3-2025
CANADA
CANADA
$0 $0
UNITED STATES
UNITED STATES
$0 $0

5-Year Trend Analysis

A comprehensive look at AgriFORCE Growing Systems Ltd.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

AgriFORCE shows clear strengths in creativity and willingness to pursue unconventional strategies, such as linking Bitcoin mining with controlled environment agriculture and launching a proprietary, nutrient‑dense flour brand. Revenue has finally started to grow, indicating the first signs of commercial traction after years of development. The company has historically been able to raise capital, build an asset base that includes specialized intangibles, and reposition its strategy in response to opportunities, as reflected in the AVAX One pivot. These factors suggest adaptability and a potentially differentiated story if the underlying economics can be made to work.

! Risks

The financial profile is high risk: persistent and growing losses, negative operating and free cash flow, shrinking cash balances, and deteriorating liquidity ratios all raise questions about sustainability. The balance sheet shows deep accumulated losses and greater reliance on debt and equity issuance, leaving limited cushion if funding conditions tighten. Strategically, the company is in the midst of a major transformation toward digital assets and blockchain, exposing it to crypto market volatility, regulatory uncertainty, and fierce competition from larger players. Legal disputes and the loss of previously touted technologies further add to execution and reputational risk.

Outlook

The outlook is highly uncertain and will depend on AgriFORCE’s ability to stabilize its finances and successfully execute its strategic pivot. If the integrated mining‑and‑agriculture model and the AVAX One blockchain strategy gain traction, the company could move from a concept‑driven story toward a more sustainable, multi‑stream business. However, current financial statements show a company still burning cash and under liquidity pressure, with no clear path yet to profitability. Future performance will hinge on access to new capital, disciplined cost management, and proof that its innovative concepts can scale into durable, cash‑generating operations in both the real‑asset and digital‑asset worlds.