Farmhouse, Inc. reported its financial results for the second quarter and first half of 2025, revealing a significant decline in revenue and ongoing operational challenges. For the six months ended June 30, 2025, the company generated no revenue, a decrease from $4,154 during the same period in 2024. The net loss for the first half of 2025 was $63,886, a notable improvement compared to a net loss of $255,190 in the prior year, primarily due to a gain on extinguishment of debt amounting to $174,930.
Total operating expenses for the first half of 2025 were $208,352, down from $230,912 in the same period of 2024. The decrease was attributed to lower wages and benefits, which fell from $111,072 to $92,072, as well as reduced public company-related and filing fees. The company noted that accounting and professional fees remained consistent across both periods, while other general and administrative expenses showed stability.
In terms of strategic developments, Farmhouse, Inc. is pursuing acquisitions to enhance its market position. The company entered into a Share Exchange Agreement with Thrown, LLC, a beverage company, and is in discussions to acquire Ledgewood Holdings, LLC, a franchise operator with approximately $31 million in trailing twelve-month revenue. Both transactions are still pending and subject to definitive agreements. Additionally, management is exploring a potential crypto treasury strategy, although no binding agreements have been established.
Operationally, Farmhouse, Inc. reported a total of 17,925,950 shares outstanding as of June 30, 2025, unchanged from the previous period. The company’s total assets increased to $48,319,000 from $30,788,000 at the end of 2024, primarily due to a deposit on investment related to the Thrown acquisition. However, total liabilities also rose, leading to a stockholders' deficit of $2,400,166, up from $2,342,570 at the end of 2024. The company continues to face challenges with its convertible notes and other debts, which remain in default.
Looking ahead, Farmhouse, Inc. aims to address its financial uncertainties through continued financing from officer loans, third-party borrowings, and equity sales. Management remains optimistic about leveraging its public company platform to enhance shareholder value, although the ability to continue as a going concern remains in question given the current financial landscape.
About FARMHOUSE, INC. /NV
Farmhouse, Inc. is a Nevada-based company transitioning from technology and wellness branding to a lifestyle brand holding company. It focuses on strategic acquisitions in the food and beverage sector, including beverage brands like Good Game by T-Pain. The company leverages its public platform for growth, generating revenue through licensing and licensing-related activities, while managing a portfolio of intellectual property and pursuing scalable, consumer-focused businesses.
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