What is Sow Good Inc's earnings per share (EPS)?

Sow Good Inc (SOWG) reported diluted earnings per share of $-3.44 for fiscal year 2025. This represents a -760.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sow Good Inc Financials

SOWG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Sow Good Inc (SOWG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

1/9

Sow Good Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.11x

For every $1 of reported earnings, Sow Good Inc generates $0.11 in operating cash flow (-$4.3M OCF vs -$40.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-41.3x

Sow Good Inc earns $-41.3 in operating income for every $1 of interest expense (-$6.6M vs $160K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$6.6M

YoY-801.2%

Sow Good Inc's EBITDA was -$6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 801.2% from the prior year.

Net Income

-$40.6M

YoY-997.8%

Sow Good Inc reported -$40.6M in net income in fiscal year 2025. This represents a decrease of 997.8% from the prior year.

EPS (Diluted)

$-3.44

YoY-760.0%

Sow Good Inc earned $-3.44 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 760.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.5M

YoY-60.4%

5Y CAGR-5.1%

10Y CAGR+20.5%

Sow Good Inc held $1.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

13M

YoY+17.9%

5Y CAGR+37.2%

Sow Good Inc had 13M shares outstanding in fiscal year 2025. This represents an increase of 17.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SOWG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$32.0M+99.1%	$16.1M+3653.7%	$428K+384.1%	$88K	$0
Cost of Revenue	N/A	$19.0M+48.6%	$12.8M+4050.5%	$308K+279.2%	$81K	$0
Gross Profit	N/A	$13.0M+296.2%	$3.3M+2633.0%	$120K+1581.0%	$7K	$0
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.6M-54.7%	$14.5M+230.2%	$4.4M-59.1%	$10.7M+55.4%	$6.9M+129.8%	$3.0M
Operating Income	-$6.6M-324.5%	-$1.6M-27.5%	-$1.2M+88.8%	-$10.9M-53.1%	-$7.1M-136.2%	-$3.0M
Interest Expense	$160K-89.1%	$1.5M-20.4%	$1.8M+44.0%	$1.3M+21520.1%	$6K-98.5%	$386K
Income Tax	$0-100.0%	$124K	$0	$0	$0	$0
Net Income	-$40.6M-997.8%	-$3.7M-21.0%	-$3.1M+74.8%	-$12.1M-76.4%	-$6.9M-29.2%	-$5.3M
EPS (Diluted)	$-3.44-760.0%	$-0.40+32.2%	$-0.59+76.5%	$-2.51-55.9%	$-1.61+42.9%	$-2.82

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.6M-16.3%	$1.9M-25.1%	$2.5M+79.0%	$1.4M-61.1%	$3.6M-77.3%	$15.6M+37.2%	$11.4M+19.8%	$9.5M
Cost of Revenue	$10.5M+428.7%	$2.0M+44.5%	$1.4M-47.2%	$2.6M-13.2%	$3.0M-54.9%	$6.6M-2.0%	$6.8M+10.8%	$6.1M
Gross Profit	-$8.9M-6798.1%	-$130K-111.8%	$1.1M+190.6%	-$1.2M-319.0%	$556K-93.8%	$9.0M+94.6%	$4.6M+35.9%	$3.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.6M-7.6%	$3.9M+12.1%	$3.5M+21.5%	$2.9M-24.1%	$3.8M-7.6%	$4.1M+11.6%	$3.7M+133.8%	$1.6M
Operating Income	-$12.6M-209.7%	-$4.1M-68.7%	-$2.4M+41.3%	-$4.1M-26.3%	-$3.3M-166.7%	$4.9M+425.7%	$929K-48.9%	$1.8M
Interest Expense	$93K-17.6%	$113K-38.0%	$183K-17.5%	$221K-1.7%	$225K-62.5%	$600K+43.2%	$419K-14.6%	$490K
Income Tax	$0	$0	$0+100.0%	-$72K-15.6%	-$62K-124.2%	$258K	$0	$0
Net Income	-$10.9M-161.2%	-$4.2M-62.8%	-$2.6M+38.3%	-$4.2M-23.3%	-$3.4M-201.3%	$3.3M+553.2%	$511K-61.6%	$1.3M
EPS (Diluted)	$-0.90-150.0%	$-0.36-56.5%	$-0.23	N/A	$-0.33-213.8%	$0.29+383.3%	$0.06	N/A

SOWG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.8M-93.1%	$54.7M+154.5%	$21.5M+141.5%	$8.9M-36.9%	$14.1M+14.3%	$12.3M
Current Assets	$3.4M-86.5%	$25.1M+141.6%	$10.4M+302.6%	$2.6M-47.3%	$4.9M+104.6%	$2.4M
Cash & Equivalents	$1.5M-60.4%	$3.7M+54.5%	$2.4M+771.7%	$276K-91.7%	$3.3M+74.9%	$1.9M
Inventory	$23K-99.9%	$20.3M+392.7%	$4.1M+119.9%	$1.9M+29.1%	$1.5M+927.0%	$141K
Accounts Receivable	$1.7M+258.9%	$460K-82.2%	$2.6M+1249.7%	$191K+1442.7%	$12K	$0
Goodwill	N/A	N/A	N/A	$0-100.0%	$4.9M-23.8%	$6.4M
Total Liabilities	$6.3M-72.1%	$22.7M+59.8%	$14.2M+133.4%	$6.1M+85.4%	$3.3M+43.6%	$2.3M
Current Liabilities	$6.2M-16.0%	$7.4M+27.6%	$5.8M+548.3%	$890K+120.9%	$403K-35.3%	$623K
Long-Term Debt	N/A	N/A	N/A	N/A	$699K	N/A
Total Equity	-$2.6M-108.0%	$32.0M+339.4%	$7.3M+159.0%	$2.8M-74.0%	$10.8M+7.6%	$10.1M
Retained Earnings	-$103.1M-65.1%	-$62.4M-6.3%	-$58.7M-5.5%	-$55.7M-27.8%	-$43.6M-18.7%	-$36.7M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$25.6M-48.8%	$50.0M-5.2%	$52.7M-3.6%	$54.7M-5.2%	$57.7M-4.2%	$60.2M+115.7%	$27.9M+29.9%	$21.5M
Current Assets	$13.0M-42.8%	$22.8M-7.4%	$24.6M-1.8%	$25.1M-11.7%	$28.4M-11.9%	$32.2M+98.8%	$16.2M+56.1%	$10.4M
Cash & Equivalents	$387K-59.6%	$959K-40.6%	$1.6M-56.6%	$3.7M-46.4%	$6.9M-51.7%	$14.4M+110.9%	$6.8M+182.8%	$2.4M
Inventory	$11.5M-44.6%	$20.8M-1.6%	$21.1M+4.1%	$20.3M+4.5%	$19.4M+88.3%	$10.3M+100.8%	$5.1M+24.6%	$4.1M
Accounts Receivable	$175K-75.1%	$701K-47.4%	$1.3M+189.6%	$460K-62.7%	$1.2M-80.1%	$6.2M+111.1%	$2.9M+13.8%	$2.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.5M-69.7%	$21.4M-2.4%	$21.9M-3.4%	$22.7M-8.6%	$24.8M-1.3%	$25.2M+67.8%	$15.0M+5.6%	$14.2M
Current Liabilities	$3.2M-40.3%	$5.4M-20.2%	$6.8M-8.3%	$7.4M-15.3%	$8.7M+38.3%	$6.3M-4.0%	$6.5M+13.4%	$5.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$19.1M-33.2%	$28.6M-7.2%	$30.8M-3.7%	$32.0M-2.5%	$32.8M-6.3%	$35.0M+171.4%	$12.9M+77.2%	$7.3M
Retained Earnings	-$80.1M-15.8%	-$69.2M-6.4%	-$65.0M-4.1%	-$62.4M-7.2%	-$58.3M-6.2%	-$54.9M+5.7%	-$58.2M+0.9%	-$58.7M

SOWG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$4.3M+54.3%	-$9.4M-94.5%	-$4.8M+5.8%	-$5.1M+7.3%	-$5.6M-218.4%	-$1.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5.9M0.0%	-$5.9M-161.5%	-$2.3M+13.6%	-$2.6M-301.6%	-$653K-119.9%	$3.3M
Financing Cash Flow	$2.1M-87.7%	$16.7M+80.3%	$9.2M+96.7%	$4.7M-38.5%	$7.6M+2804.8%	$263K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$820K-59.5%	-$514K+74.3%	-$2.0M+39.4%	-$3.3M+36.3%	-$5.2M-131.8%	-$2.2M-272.4%	$1.3M+185.5%	-$1.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$248K+275.5%	-$141K-31.1%	-$108K+92.6%	-$1.5M+34.9%	-$2.2M-40.3%	-$1.6M-153.5%	-$630K+33.0%	-$940K
Financing Cash Flow	$0	$0	$0-100.0%	$1.5M	$0-100.0%	$11.4M+204.8%	$3.7M+34.9%	$2.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SOWG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	40.6%+20.2pp	20.4%-7.6pp	28.0%+19.9pp	8.1%	N/A
Operating Margin	N/A	-4.9%+2.7pp	-7.6%+2535.0pp	-2542.6%+5494.4pp	-8037.0%	N/A
Net Margin	N/A	-11.6%+7.5pp	-19.0%+2813.5pp	-2832.6%+4940.1pp	-7772.7%	N/A
Return on Equity	N/A	-11.6%+30.5pp	-42.0%+389.4pp	-431.4%-367.9pp	-63.5%-10.6pp	-52.9%
Return on Assets	-1076.5%-1069.7pp	-6.8%+7.5pp	-14.2%+122.0pp	-136.3%-87.5pp	-48.7%-5.6pp	-43.1%
Current Ratio	0.55-2.9	3.40+1.6	1.80-1.1	2.90-9.2	12.14+8.3	3.84
Debt-to-Equity	-2.47-3.2	0.71-1.2	1.95-0.2	2.17+2.1	0.06-0.2	0.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	-576.1%-569.1pp	-7.0%-51.5pp	44.5%+132.5pp	-88.0%-103.6pp	15.6%-41.9pp	57.6%+17.0pp	40.6%+4.8pp	35.8%
Operating Margin	-812.4%-592.9pp	-219.5%-122.0pp	-97.5%+199.8pp	-297.3%-205.6pp	-91.6%-122.8pp	31.2%+23.1pp	8.2%-10.9pp	19.1%
Net Margin	-704.1%-478.6pp	-225.5%-121.7pp	-103.8%+197.4pp	-301.2%-206.1pp	-95.1%-116.4pp	21.3%+16.8pp	4.5%-9.5pp	14.0%
Return on Equity	-57.3%-42.6pp	-14.6%-6.3pp	-8.3%+4.7pp	-13.0%-2.7pp	-10.3%-19.8pp	9.5%+5.6pp	4.0%-14.3pp	18.2%
Return on Assets	-42.8%-34.4pp	-8.4%-3.5pp	-4.9%+2.7pp	-7.6%-1.8pp	-5.9%-11.4pp	5.5%+3.7pp	1.8%-4.3pp	6.2%
Current Ratio	4.06-0.2	4.23+0.6	3.65+0.2	3.40+0.1	3.27-1.9	5.13+2.6	2.48+0.7	1.80
Debt-to-Equity	0.34-0.4	0.75+0.0	0.710.0	0.71-0.0	0.76+0.0	0.72-0.4	1.16-0.8	1.95
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$2.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Sow Good Inc profitable?

No, Sow Good Inc (SOWG) reported a net income of -$40.6M in fiscal year 2025.

What is Sow Good Inc's EBITDA?

Sow Good Inc (SOWG) had EBITDA of -$6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Sow Good Inc's operating cash flow?

Sow Good Inc (SOWG) generated -$4.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sow Good Inc's total assets?

Sow Good Inc (SOWG) had $3.8M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Sow Good Inc have outstanding?

Sow Good Inc (SOWG) had 13M shares outstanding as of fiscal year 2025.

What is Sow Good Inc's current ratio?

Sow Good Inc (SOWG) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Sow Good Inc's debt-to-equity ratio?

Sow Good Inc (SOWG) had a debt-to-equity ratio of -2.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sow Good Inc's return on assets (ROA)?

Sow Good Inc (SOWG) had a return on assets of -1076.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Sow Good Inc's cash runway?

Based on fiscal year 2025 data, Sow Good Inc (SOWG) had $1.5M in cash against an annual operating cash burn of $4.3M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Sow Good Inc's debt-to-equity ratio negative or unusual?

Sow Good Inc (SOWG) has negative shareholder equity of -$2.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Sow Good Inc's Piotroski F-Score?

Sow Good Inc (SOWG) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Sow Good Inc's earnings high quality?

Sow Good Inc (SOWG) has an earnings quality ratio of 0.11x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Sow Good Inc cover its interest payments?

Sow Good Inc (SOWG) has an interest coverage ratio of -41.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.