Agrify Corp (AGFY) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2220 HICKS ROAD, SUITE 210 ROLLING MEADOWS, IL 60008 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 07 - Agricultural Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments, including: | 31,170 | 400 | 10,917 | 56,564 | |||
| Cash and cash equivalent | 31,170 | 430 | 10,457 | 12,014 | |||
| Short-term investments | 4 | 460 | 44,550 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | (34) | ||||||
| Receivables | 585 | 1,149 | 1,070 | 7,222 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,579 | 19,094 | 21,396 | 20,498 | |||
| Inventory | 1,579 | 19,094 | 21,396 | 20,498 | |||
| Prepaid expense | 304 | 1,033 | |||||
| Deferred costs | 353 | ||||||
| Advances on inventory purchases | 201 | ||||||
| Disposal group, including discontinued operation | |||||||
| Other undisclosed current assets | 1,056 | 3,366 | 11,510 | 865 | |||
| Total current assets: | 34,694 | 24,009 | 44,893 | 86,736 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 504 | 1,803 | 2,210 | 1,479 | |||
| Property, plant and equipment | 186 | 7,734 | 10,044 | 6,232 | |||
| Long-term investments and receivables | 11,583 | 12,214 | 22,255 | ||||
| Long-term investments | 22,255 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 11,583 | 12,214 | |||||
| Intangible assets, net (including goodwill) | 18,613 | 64,162 | |||||
| Goodwill | 9,713 | 50,090 | |||||
| Intangible assets, net (excluding goodwill) | 8,900 | 14,072 | |||||
| Disposal group, including discontinued operation, noncurrent assets | |||||||
| Other noncurrent assets | 25 | 141 | 326 | 1,184 | |||
| Total noncurrent assets: | 19,328 | 21,261 | 24,794 | 95,312 | |||
| TOTAL ASSETS: | 54,022 | 45,270 | 69,687 | 182,048 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 9,271 | 20,766 | 20,783 | 37,915 | |||
| Accounts payable | 2,074 | 20,766 | 20,543 | 9,151 | |||
| Accrued liabilities | 7,197 | 240 | 28,764 | ||||
| Deferred revenue | 2,525 | 4,019 | 4,112 | 3,772 | |||
| Debt | 522 | 32,654 | 1,089 | ||||
| Estimated litigation liability | 1,669 | ||||||
| Disposal group, including discontinued operation | |||||||
| Other liabilities | 147 | ||||||
| Other undisclosed current liabilities | 10,692 | 16,464 | 12,906 | 814 | |||
| Total current liabilities: | 24,679 | 41,249 | 70,602 | 43,590 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1 | 16,047 | 407 | 716 | |||
| Long-term debt, excluding current maturities | 1 | 16,047 | 407 | 12 | |||
| Liabilities, other than long-term debt | 257 | 1,394 | 1,786 | 318 | |||
| Deferred revenue | 52 | ||||||
| Other liabilities | 147 | 318 | |||||
| Operating lease, liability | 257 | 1,394 | 1,587 | 704 | |||
| Other undisclosed noncurrent liabilities | 996 | 1,290 | 5,933 | ||||
| Total noncurrent liabilities: | 1,254 | 18,731 | 8,126 | 1,034 | |||
| Total liabilities: | 25,933 | 59,980 | 78,728 | 44,624 | |||
| Equity | |||||||
| Equity, attributable to parent | 27,859 | (14,940) | (9,272) | 137,059 | |||
| Common stock | 2 | 2 | 1 | 21 | |||
| Additional paid in capital | 335,400 | 250,855 | 237,875 | 196,013 | |||
| Accumulated deficit | (307,543) | (265,797) | (247,148) | (58,975) | |||
| Equity, attributable to noncontrolling interest | 230 | 230 | 231 | 365 | |||
| Total equity: | 28,089 | (14,710) | (9,041) | 137,424 | |||
| TOTAL LIABILITIES AND EQUITY: | 54,022 | 45,270 | 69,687 | 182,048 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 9,680 | 16,868 | 58,259 | 59,859 | ||
| Cost of revenue (Cost of Product and Service Sold) | (9,015) | (11,590) | (90,054) | (54,625) | ||
| Gross profit: | 665 | 5,278 | (31,795) | 5,234 | ||
| Operating expenses | (10,880) | (24,256) | (161,531) | (40,307) | ||
| Operating loss: | (10,215) | (18,978) | (193,326) | (35,073) | ||
| Nonoperating income (expense) | (18,139) | 330 | 5,042 | 2,773 | ||
| Other nonoperating income | 19 | 1,799 | 5,042 | 2,773 | ||
| Interest and debt expense | (100) | (253) | (32) | (42) | ||
| Loss from continuing operations before equity method investments, income taxes: | (28,454) | (18,901) | (188,316) | (32,342) | ||
| Other undisclosed income from continuing operations before income taxes | 100 | 253 | 32 | 42 | ||
| Loss from continuing operations before income taxes: | (28,354) | (18,648) | (188,284) | (32,300) | ||
| Income tax expense (benefit) | 2 | (2) | (23) | (25) | ||
| Loss from continuing operations: | (28,352) | (18,650) | (188,307) | (32,325) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (32,350) | |
| Income (loss) from discontinued operations | (13,394) | (25) | ||||
| Other undisclosed net income (loss) | 64,815 | |||||
| Net income (loss): | (41,746) | (18,650) | (188,307) | 32,465 | ||
| Net income (loss) attributable to noncontrolling interest | 1 | 134 | (140) | |||
| Other undisclosed net loss attributable to parent | (64,790) | |||||
| Net loss attributable to parent: | (41,746) | (18,649) | (188,173) | (32,465) | ||
| Other undisclosed net loss available to common stockholders, basic | (61) | |||||
| Net loss available to common stockholders, diluted: | (41,746) | (18,649) | (188,173) | (32,526) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (41,746) | (18,650) | (188,307) | 32,465 | ||
| Comprehensive income (loss): | (41,746) | (18,650) | (188,307) | 32,465 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | 134 | (140) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (41,746) | (18,649) | (188,173) | 32,325 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.