Agrify (AGFY) AI Stock Analysis

• Market Cap: $53.29M
• Dividend Yield: N/A
• Average Volume (3M): 52.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.60
• Revenue Growth: -44.22%
• EPS Growth: 60.71%
• Country: US
• Employees: 11
• Sector: Industrials
• Sector Strength: 88
• Industry: Engineering & Construction
• EPS (TTM): -2.66
• Shares Outstanding: 1,952,014
• 10 Day Avg. Volume: 21,035
• 30 Day Avg. Volume: 52,722
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.02
• Enterprise Value/Market Cap: 0.42
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 38.38
• Enterprise Value/Ebitda: -0.29
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $26.00 ▼(-4.76%Downside)

Agrify's overall stock score is primarily impacted by its poor financial performance, marked by declining revenues, persistent losses, and negative cash flow. While technical analysis offers some neutral to slightly positive signals, the company's troubling valuation with a negative P/E ratio further weighs down the score. Corporate events provide a slight boost with positive strategic moves, but they are not sufficient to offset the broader financial concerns.

Agrify Business Overview & Revenue Model

Company Description

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction. The company was formerly known as Agrinamics, Inc. and changed its name to Agrify Corporation in September 2019. Agrify Corporation was incorporated in 2016 and is headquartered in Billerica, Massachusetts.

How the Company Makes Money

Agrify makes money primarily through the sale of its vertical farming systems and integrated grow solutions. The company offers a range of products, including proprietary cultivation equipment and software that optimizes the growing environment for various crops. Revenue is generated through direct sales of these products, as well as through ongoing service agreements and software licensing fees. Agrify may also engage in strategic partnerships and collaborations to enhance its offerings and expand its market reach, contributing to its overall revenue streams.

Agrify Financial Statement Overview

Summary

Agrify is facing significant financial challenges. The income statement shows declining revenues and persistent losses, while the balance sheet indicates issues with equity and leverage. The cash flow statement underscores the company's struggle to generate positive cash flows, raising concerns about its financial health and sustainability.

Income Statement

Agrify has experienced a significant decline in revenue over the past few years, with a severe drop in total revenue from 2022 to 2023. The company also shows negative net and gross profit margins, indicating a lack of profitability. The consistently negative EBIT and EBITDA margins further highlight operational challenges.

Balance Sheet

The balance sheet reveals a moderately concerning financial situation with fluctuating equity. While the company has reduced its total debt significantly, the debt-to-equity ratio remains unfavorable due to negative equity in previous years. The equity ratio is improving, yet it is still below optimal levels for financial stability.

Cash Flow

Agrify's cash flow statement indicates negative free cash flow across multiple years, showing an inability to generate positive cash flow from operations. The operating cash flow to net income ratio is unfavorable, pointing to challenges in converting earnings into cash. The lack of sustainable free cash flow growth is a concern.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
7.62M	9.68M	16.87M	58.26M	59.86M	12.09M
	Gross Profit
590.00K	665.00K	5.28M	-31.80M	5.23M	570.00K
	EBIT
-17.36M	-10.21M	-18.98M	-193.33M	-33.66M	-12.62M
	EBITDA
-34.05M	-27.75M	-18.26M	-118.93M	-30.99M	-12.13M
	Net Income Common Stockholders
-47.61M	-41.75M	-18.65M	-188.17M	-32.33M	-30.64M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
24.45M	31.17M	434.00K	10.92M	56.56M	8.11M
	Total Assets
45.62M	54.02M	45.27M	69.69M	182.05M	21.84M
	Total Debt
615.00K	11.04M	23.25M	31.71M	2.62M	13.47M
	Net Debt
-23.83M	-20.13M	22.82M	21.26M	-9.39M	5.36M
	Total Liabilities
18.80M	25.93M	59.98M	78.73M	44.62M	28.29M
	Stockholders Equity
26.82M	27.86M	-14.94M	-9.27M	137.06M	-6.68M
Cash Flow		Free Cash Flow
-15.32M	-11.59M	-31.03M	-80.16M	-32.47M	-14.92M
	Operating Cash Flow
-15.32M	-11.58M	-30.97M	-72.02M	-30.15M	-14.78M
	Investing Cash Flow
-382.00K	-54.00K	25.17M	-2.32M	-104.74M	-1.23M
	Financing Cash Flow
40.05M	42.37M	-4.23M	72.78M	138.79M	23.91M

Agrify Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AGFY, the sentiment is Positive. The current price of 27.3 is above the 20-day moving average (MA) of 26.43, above the 50-day MA of 21.93, and above the 200-day MA of 18.74, indicating a bullish trend. The MACD of 1.27 indicates Positive momentum. The RSI at 57.18 is Neutral, neither overbought nor oversold. The STOCH value of 66.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AGFY.

Agrify Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
VATE	51 Neutral	$73.06M	―	17.11%	―	-24.94%	51.41%
BLNK	48 Neutral	$99.18M	―	-101.00%	―	-30.11%	28.84%
SHIM	48 Neutral	$53.35M	―	-679.42%	―	-18.08%	-217.13%
AGFY	47 Neutral	$53.29M	―	-339.26%	―	-44.22%	60.71%
SUNE	30 Underperform	$6.06M	―	-152.39%	―	-20.49%	88.27%
SKK		$12.32M	35.32		―	―	―

Agrify Corporate Events

Agrify Issues $30 Million Secured Convertible Notes

On May 20, 2025, Agrify Corporation entered into a Purchase Agreement with VCP IP Holdings, LLC, acquiring MC Brands LLC and its subsidiary Core Growth LLC, which primarily hold intellectual property rights to the incredibles brand. This acquisition, valued at $5,075,000, strengthens Agrify’s position in the cannabis industry, with Green Thumb Industries indirectly owning a significant portion of Agrify’s shares. Additionally, Agrify’s subsidiaries entered into various licensing agreements with Green Thumb’s subsidiaries, granting exclusive rights to use intellectual property related to the incredibles, Beboe, and Rythm brands. These agreements are expected to enhance Agrify’s market presence in the cannabis sector. On May 22, 2025, Agrify issued $30 million in Secured Convertible Notes to RSLGH, LLC and other investors, further solidifying its financial standing and growth potential.

Agrify Announces Shared Services Agreement with Vision Management

On March 21, 2025, Agrify Corporation announced a Shared Services Agreement with Vision Management Services, a subsidiary of Green Thumb Industries, to provide CFO services. The company reported a revenue of $9.7 million for 2024, down from $15.1 million in 2023, and an operating loss of $10.2 million. Recent developments include securing $20 million in convertible note financing, raising $25.9 million through a private placement, and acquiring assets from Double or Nothing LLC. Agrify also sold its legacy Cultivation business and announced a partnership with The Salt Shed for its Señorita brand. The company appointed Brad Asher as the new CFO, effective March 24, 2025.