Key Highlights

  • Farmmi, Inc. (NASDAQ:FAMI) traded at USD 0.1120, up 8.42%, in pre-market trading on Tuesday, October 27, 2026; no company-specific announcement dated on or just before that day accompanied the move.
  • For the year ended September 30, 2025, the annual report showed revenue of USD 27,971,360, against USD 64,131,332 in fiscal 2024, and a net loss of USD 53,385,988.
  • The company received a Nasdaq minimum bid price notice on Tuesday, August 11, 2026, with a compliance period to Monday, February 8, 2027, and priced a USD 3.0 million offering at USD 0.25 per share on Monday, June 29, 2026.
  • The price sits well below the offering price, pre-market liquidity is thin, and a reverse share split or further dilution remains possible; prices can change before the open at 9:30 a.m. ET.

The Pre-Market Move and Its Catalyst

Farmmi, Inc. (NASDAQ:FAMI), a Cayman Islands holding company whose operating subsidiaries are based in mainland China and which has historically focused on edible fungi products, traded at USD 0.1120, up 8.42%, in pre-market trading on Tuesday, October 27, 2026, according to the pre-market snapshot. No company-specific announcement dated on or just before Tuesday, October 27, 2026 accompanied the move. The most recent releases are the Nasdaq notice of Wednesday, August 12, 2026 and the acquisition framework agreement of Tuesday, August 4, 2026. A sub-USD 1.00 share price with market capitalisation of about USD 4.2 million, according to market data, can move sharply on small orders, so the gain appears consistent with thin liquidity. That reading is an inference.

How the Latest Results and Filings Frame the Move

The annual report on Form 20-F, accepted by the SEC on Tuesday, February 10, 2026, covers the year ended September 30, 2025. Revenue was USD 27,971,360, against USD 64,131,332 in fiscal 2024, gross profit was USD 801,523 and the net loss was USD 53,385,988. Total assets were USD 147,033,182, total liabilities USD 23,175,730 and shareholders' equity USD 123,857,452. Farmmi, Inc. (NASDAQ:FAMI) priced an underwritten offering of 12,000,000 Class A shares and pre-funded warrants at USD 0.25 on Monday, June 29, 2026, raising about USD 3.0 million gross. On Tuesday, August 4, 2026 it signed a framework agreement to acquire 100% of FOUR SEASONS HOLDING GROUP BRAZIL LTDA, payable in Class A shares.

Risks and What to Watch

The bull reading is that the equity base of USD 123,857,452 at September 30, 2025, if realisable, far exceeds the market capitalisation, and that the Brazilian agri-trading acquisition could add revenue. The bear reading is that revenue more than halved while the net loss reached USD 53,385,988, and that the price of USD 0.1120 is about 55% below the offering price, by simple arithmetic. Named risks are the Nasdaq minimum bid price requirement under Listing Rule 5550(a)(2), which needs a close at or above USD 1.00 for 10 consecutive business days, share-based acquisition consideration that dilutes holders, and thin liquidity. Investors should watch any reverse split announcement, definitive Brazilian agreements, fiscal 2026 results for the year ended September 30, 2026, the compliance deadline of Monday, February 8, 2027 and the Federal Reserve decision on Wednesday, October 28, 2026.

Where Things Stand

The answer is that Farmmi, Inc. (NASDAQ:FAMI) rose 8.42% pre-market without a dated company announcement, and the move appears consistent with thin liquidity in a sub-USD 1.00 stock rather than new information. The key number is the fiscal 2025 net loss of USD 53,385,988 on revenue of USD 27,971,360. The next catalysts are the Federal Reserve decision on Wednesday, October 28, 2026, any action on the minimum bid requirement before Monday, February 8, 2027 and the definitive Brazilian agreements. Pre-market prices are snapshots and can change, and this is not investment advice.