SEED

MKT CAP:$10M

Origin Agritech Limited

Market Cap

$10M

Basic Materials·Agricultural Inputs·🇨🇳 China·NASDAQ

Materials·Agricultural·🇨🇳·NASDAQ

Stock Price

$1.35+$0.19 (+16.38%)

Apr 22, 2026

Company Details

Origin Agritech Limited, together with its subsidiaries, operates an agricultural biotechnology and an e-commerce platform in the People's Republic of China. The company engages in crop seed breeding and genetic improvement activities. It d...

CEO

Weibin Yan

IPO Date

Mar 29, 2004

Website

www.originseed.com.cn

Key Metrics TTM

Revenue

$15M

-1.5% YoY

Net Income

-$6M

EPS (Diluted)

-$0.82

Free Cash Flow

-$6M

Revenue / Share

$1.91

Gross Margin

5.5%

Operating Margin

-72.6%

Net Margin

-42.6%

FCF Margin

-39.0%

P/S

0.7x

P/E

—

Earnings Reports

Q1 2026

May 1, 2026

PENDING

FY 2025

Jan 30, 2026

$13MEPS -$1.03

Q4 2025

Jan 30, 2026

$3M+75.7%EPS -$0.52

Q2 2025

Mar 31, 2025

$5MEPS -$0.26

Q1 2025

Dec 31, 2024

$5M-21.4%EPS -$0.26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$616.6K	-$702.8K	-$7M
Q1 21	$851.0K	$315.8K	-$569.1K
Q2 21	$851.0K	$315.8K	-$569.1K
Q3 21	$3M	$620.6K	-$10M
Q1 22	$3M	$946.5K	-$95.6K
Q2 22	$3M	$946.5K	-$95.6K
Q3 22	$454.0K	$236.6K	-$846.6K
Q1 23	$5M	$1M	-$13.3K
Q2 23	$5M	$1M	-$13.3K
Q3 23	$2M	$179.6K	-$1M
Q1 24	$7M	$1M	$311.4K
Q3 24	$2M	-$119.7K	-$3M
Q4 24	$2M	-$119.7K	-$3M
Q1 25	$5M	$591.8K	-$2M
Q2 25	$5M	$591.8K	-$2M
Q4 25	$3M	-$247.0K	-$4M

Valuation

Quarter	P/S	P/E
Q4 20	6.3x	—
Q1 21	11.7x	—
Q2 21	32.7x	—
Q3 21	9.9x	—
Q1 22	5.3x	—
Q2 22	4.6x	—
Q3 22	4.6x	—
Q1 23	3.9x	—
Q2 23	2.6x	—
Q3 23	2.0x	7.2x
Q1 24	0.7x	3.0x
Q3 24	2.0x	5.3x
Q4 24	1.6x	2.7x
Q1 25	0.9x	12.5x
Q2 25	0.9x	—
Q4 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$9M	-$9M
Q1 21	$0	$0
Q2 21	$0	$0
Q3 21	$0	$0
Q1 22	$0	$0
Q2 22	$0	$0
Q3 22	$0	$0
Q1 23	-$2M	-$2M
Q2 23	-$2M	-$2M
Q3 23	$0	$0
Q1 24	-$883.6K	-$955.4K
Q3 24	-$214.6K	-$505.9K
Q4 24	-$214.6K	-$505.9K
Q1 25	-$860.1K	-$1M
Q2 25	-$860.1K	-$1M
Q4 25	-$2M	-$3M

Capital Expenditures

Quarter	CapEx
Q4 20	$0
Q1 21	$0
Q2 21	$0
Q3 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q1 23	$25.7K
Q2 23	$25.7K
Q3 23	$0
Q1 24	$71.9K
Q3 24	$291.4K
Q4 24	$291.4K
Q1 25	$302.6K
Q2 25	$302.6K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	-17.7%	+41.2%
Q1 21	-73.6%	-49.1%
Q2 21	-73.6%	-49.1%
Q3 21	+312.1%	+60.6%
Q1 22	+449.4%	-53.6%
Q2 22	+298.1%	+145.3%
Q3 22	-46.7%	-8.4%
Q1 23	+90.0%	-59.8%
Q2 23	+42.5%	+39.0%
Q3 23	-41.3%	-11.9%
Q1 24	+1381.2%	+393.1%
Q3 24	-67.7%	-6.1%
Q4 24	-67.7%	-6.1%
Q1 25	+165.8%	+130.9%
Q2 25	-21.4%	+10.5%
Q4 25	+75.7%	+53.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$1M	164.6%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$800.1K	31.5%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$75.8K	16.7%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$85.0K	4.3%
Q1 24	$0	0.0%
Q3 24	$381.6K	24.5%
Q4 24	$381.6K	24.5%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	$705.7K	$4M	$226.6K	—
Q1 21	$367.5K	$347.6K	$169.8K	—
Q2 21	$367.5K	$347.6K	$169.8K	—
Q3 21	$726.9K	$5M	$236.7K	—
Q1 22	$300.9K	$484.4K	$257.0K	—
Q2 22	$300.9K	$484.4K	$257.0K	—
Q3 22	$242.4K	$562.0K	$278.9K	—
Q1 23	$207.6K	$603.5K	$282.9K	—
Q2 23	$207.6K	$603.5K	$282.9K	—
Q3 23	$336.5K	$436.0K	$327.9K	—
Q1 24	$235.2K	$489.8K	$257.2K	—
Q3 24	$504.5K	$2M	$202.2K	—
Q4 24	$504.5K	$2M	$202.2K	—
Q1 25	$376.5K	$2M	$192.9K	—
Q2 25	$376.5K	$2M	$192.9K	—
Q4 25	$1M	—	—	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$2M	$0	$2M
Q1 22	$950.6K	$0	$950.6K
Q2 22	$950.6K	$0	$950.6K
Q3 22	$3M	$0	$3M
Q4 22	$3M	$0	$3M
Q1 23	$2M	$0	$2M
Q2 23	$2M	$0	$2M
Q3 23	$3M	$0	$3M
Q4 23	$3M	$0	$3M
Q1 24	$2M	$0	$2M
Q2 24	$2M	$0	$2M
Q3 24	$1M	$0	$1M
Q4 24	$1M	$0	$1M
Q1 25	$350.7K	$0	$350.7K
Q2 25	$350.7K	$0	$350.7K
Q4 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	5M	0.0%	+9.3%
Q1 21	6M	+5.9%	+16.0%
Q2 21	6M	0.0%	+16.0%
Q3 21	6M	+1.8%	+7.8%
Q1 22	6M	+1.9%	+9.8%
Q2 22	6M	0.0%	+3.7%
Q3 22	6M	0.0%	+3.7%
Q1 23	6M	+7.7%	+9.7%
Q2 23	6M	0.0%	+7.7%
Q3 23	7M	+11.2%	+19.7%
Q1 24	6M	-8.5%	+9.5%
Q3 24	7M	+4.6%	+6.4%
Q4 24	7M	0.0%	+6.4%
Q1 25	7M	+8.9%	+4.2%
Q2 25	7M	0.0%	+13.9%
Q4 25	8M	+8.1%	+17.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$11.9K	52
Q1 21	$16.4K	52
Q2 21	$16.4K	52
Q3 21	$48.9K	52
Q1 22	$62.7K	54
Q2 22	$62.7K	54
Q3 22	$8.4K	54
Q1 23	$76.6K	63
Q2 23	$76.6K	63
Q3 23	$31.6K	63
Q1 24	$106.7K	63
Q3 24	$24.7K	63
Q4 24	$22.9K	68
Q1 25	$77.7K	68
Q2 25	$77.7K	68
Q4 25	$28.2K	97

Revenue / Employee