APPH · Appharvest, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $14.59M | $0 | - |
| Cost of Revenue | $56.99M | $0 | - |
| Gross Profit | ($42.40M) | $0 | - |
| R&D | - | - | - |
| SG&A | $81.27M | $16.47M | - |
| Total Operating Expenses | $131.37M | $16.47M | $3.51M |
| D&A | $16.35M | $176.0K | - |
| Operating Income | ($173.77M) | ($16.47M) | ($3.51M) |
| Interest Expense | - | - | - |
| Income Tax | $2.51M | $9.0K | - |
| Net Income | ($176.65M) | ($17.45M) | ($3.46M) |
| EPS - Basic | ($1.69) | ($0.46) | - |
| EPS - Diluted | ($1.69) | ($0.46) | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $54.33M | $150.75M | $312.0K |
| Accounts Receivable | $2.79M | $1.57M | - |
| Inventory | $18.08M | $5.00M | - |
| Accounts Payable | $16.57M | $8.55M | - |
| Current Assets | $114.11M | $188.50M | $389.7K |
| Total Assets | $595.33M | $554.06M | $100.44M |
| Current Liabilities | $42.97M | $53.24M | - |
| Long-term Debt | $180.54M | $102.64M | - |
| Total Liabilities | $335.04M | $166.42M | $3.08M |
| Stockholders' Equity | $260.29M | $387.64M | $5.00M |
| Retained Earnings | ($363.96M) | ($187.31M) | ($3.46M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($86.13M) | ($13.15M) | ($506.3K) |
| Investing Cash Flow | ($179.68M) | ($35.68M) | ($100.00M) |
| Financing Cash Flow | $168.03M | $64.71M | $100.82M |
| CapEx | $170.91M | $35.68M | - |
| Free Cash Flow | ($257.04M) | ($48.83M) | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | -290.6% | - | - |
| Operating margin | -1190.9% | - | - |
| EBITDA margin | -1078.8% | - | - |
| Net margin | -1210.6% | - | - |
| Free cash flow margin | -1761.5% | - | - |
| FCF / Net income | 1.46 | 2.80 | - |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 556.9% | - | - |
| Effective tax rate | - | - | - |
| Return on assets | -29.7% | -3.1% | -3.4% |
| Return on equity | -67.9% | -4.5% | -69.2% |
| Return on invested capital | -31.1% | -2.7% | - |
| Liquidity | |||
| Current ratio | 2.66 | 3.54 | - |
| Quick ratio | 2.24 | 3.45 | - |
| Cash ratio | 1.26 | 2.83 | - |
| Leverage | |||
| Debt / Equity | 0.69 | 0.26 | - |
| Debt / Assets | 0.30 | 0.19 | - |
| Debt / EBITDA | - | - | - |
| Interest coverage | - | - | - |
| Equity multiplier | 2.29 | 1.43 | 20.09 |
| Liabilities / Assets | 0.56 | 0.30 | 0.03 |
| Efficiency | |||
| Asset turnover | 0.02 | 0.00 | - |
| Inventory turnover | 3.15 | 0.00 | - |
| Days sales outstanding | 70d | - | - |
| Days inventory outstanding | 116d | - | - |
| Days payable outstanding | 106d | - | - |
| Cash conversion cycle | 79d | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | - | - | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | - | - | - |
| Operating income growth (YoY) | -955.0% | -369.7% | - |
| Net income growth (YoY) | -912.4% | -404.5% | - |
| EPS growth (YoY) | -267.4% | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | -426.4% | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -32.9% | 7652.8% | - |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-0.99
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Agricultural Production-Crops
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| FDP | $4.32B | 2.1% | 4.5% |
| CTVA | $17.40B | 6.3% | 4.5% |
| VRNO | $821.50M | -31.4% | -36.6% |
| CBSTF | - | - | - |
| GTII/GTBIF | $1.18B | 9.7% | 6.0% |
Comparing AppHarvest against the 5 most active filers in the same SIC group.