Agrify (AGFY) AI Stock Analysis

• Market Cap: $41.05M
• Dividend Yield: N/A
• Average Volume (3M): 25.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.58
• Revenue Growth: -44.22%
• EPS Growth: 60.71%
• Country: US
• Employees: 11
• Sector: Industrials
• Sector Strength: 86
• Industry: Engineering & Construction
• EPS (TTM): -2.66
• Shares Outstanding: 1,952,014
• 10 Day Avg. Volume: 25,938
• 30 Day Avg. Volume: 25,130
• 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: 0.55
• 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: 40 Underperform
• Price Target: $20.00 ▼(-4.90%Downside)

Agrify's overall stock score is heavily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and negative cash flows. Technical analysis suggests bearish trends, and valuation metrics highlight ongoing financial struggles. Although recent corporate events could improve its market position, they are insufficient to offset the significant financial challenges.

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 through the sale of its cultivation and extraction equipment, as well as through its software solutions and related services. The company's revenue streams primarily consist of direct sales of its advanced vertical farming units and extraction systems to cannabis and hemp producers. Additionally, Agrify generates recurring revenue from its Agrify Insights software platform, which is offered as a subscription service to help clients optimize their cultivation processes. Agrify also leverages partnerships with industry leaders to expand its market reach and enhance its technological offerings, further contributing to its revenue.

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
EBITDA	-34.05M	-27.75M	-18.26M	-118.93M	-30.99M	-12.13M
Net Income	-47.61M	-41.75M	-18.65M	-188.17M	-32.33M	-30.64M
Balance Sheet
Total Assets	45.62M	54.02M	45.27M	69.69M	182.05M	21.84M
Cash, Cash Equivalents and Short-Term Investments	24.45M	31.17M	434.00K	10.92M	56.56M	8.11M
Total Debt	615.00K	11.04M	23.25M	31.71M	2.62M	13.47M
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: Negative
• Last Price: 21.03
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 21.03 is below the 20-day moving average (MA) of 23.46, below the 50-day MA of 23.34, and above the 200-day MA of 20.14, indicating a neutral trend. The MACD of -0.83 indicates Positive momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 55.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AGFY.

Agrify Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$10.81B	15.65	5.50%	1.89%	3.10%	-27.09%
SHIM	52 Neutral	$69.19M	―	-679.42%	―	-18.08%	-217.13%
BLNK	49 Neutral	$99.03M	―	-101.00%	―	-30.11%	28.84%
VATE	47 Neutral	$72.39M	―	17.11%	―	-24.94%	51.41%
SUNE	44 Neutral	$5.72M	―	-152.39%	―	-20.49%	88.27%
AGFY	40 Underperform	$41.05M	―	-339.26%	―	-44.22%	60.71%
SKK		$12.31M	35.27		―	―	―

Agrify Corporate Events

Agrify’s 2025 Annual Meeting Approves Key Amendments

Agrify held its 2025 Annual Meeting of Stockholders virtually on June 11, 2025, where a quorum of approximately 72% of eligible shares was represented. During the meeting, all director nominees were elected for a one-year term, the appointment of GuzmanGray as the independent registered public accounting firm was ratified, and an amendment to the 2022 Omnibus Equity Incentive Plan was approved, increasing the number of shares available for issuance by 250,000.

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.