Blum Holdings Financials
This page shows Blum Holdings (BLMH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Blum Holdings has an operating margin of 41.4%, meaning the company retains $41 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -242.4% the prior year.
Blum Holdings's revenue surged 67.5% year-over-year to $13.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Blum Holdings's current ratio of 0.30 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Blum Holdings generated -$1.5M in operating cash flow, capex of $10K consumed most of it, leaving -$1.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Blum Holdings scores -22.66, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($8.7M) relative to total liabilities ($29.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Blum Holdings passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Blum Holdings generates $-0.05 in operating cash flow (-$1.5M OCF vs $33.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Blum Holdings generated $13.0M in revenue in fiscal year 2024. This represents an increase of 67.5% from the prior year.
Blum Holdings's EBITDA was $6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 133.1% from the prior year.
Blum Holdings generated -$1.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 20.2% from the prior year.
Blum Holdings reported $33.1M in net income in fiscal year 2024. This represents an increase of 334.2% from the prior year.
Blum Holdings earned $1.21 per diluted share (EPS) in fiscal year 2024. This represents an increase of 172.5% from the prior year.
Blum Holdings held $1.0M in cash against $2.3M in long-term debt as of fiscal year 2024.
Blum Holdings had 14M shares outstanding in fiscal year 2024. This represents an increase of 59.3% from the prior year.
Blum Holdings's gross margin was 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Blum Holdings's operating margin was 41.4% in fiscal year 2024, reflecting core business profitability. This is up 283.8 percentage points from the prior year.
Blum Holdings's net profit margin was 254.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 437.0 percentage points from the prior year.
Blum Holdings invested $10K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 96.8% from the prior year.
BLMH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8M+39.4% | $3.5M+55.3% | $2.2M-26.7% | $3.1M-29.9% | $4.4M+15.0% | $3.8M+113.9% | $1.8M | N/A |
| Cost of Revenue | $2.5M+41.1% | $1.8M+70.5% | $1.0M-37.8% | $1.7M-12.0% | $1.9M-13.0% | $2.2M+125.7% | $976K | N/A |
| Gross Profit | $2.3M+37.5% | $1.7M+41.8% | $1.2M-13.1% | $1.4M-44.0% | $2.4M+53.8% | $1.6M+99.5% | $798K | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.8M+52.8% | $2.5M+0.3% | $2.5M-33.0% | $3.7M-13.3% | $4.3M-30.4% | $6.2M+40.6% | $4.4M | N/A |
| Operating Income | -$1.5M-84.7% | -$810K+37.7% | -$1.3M-107.4% | $17.6M+899.3% | -$2.2M+65.7% | -$6.4M-78.9% | -$3.6M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $463K+39.9% | $331K+34.0% | $247K-63.2% | $672K+55.9% | $431K+50.2% | $287K+963.0% | $27K | N/A |
| Net Income | -$2.6M-35.6% | -$1.9M-234.6% | -$564K-103.6% | $15.7M+568.0% | -$3.3M-114.0% | $23.8M+881.5% | -$3.1M | N/A |
| EPS (Diluted) | N/A | $-0.19-137.5% | $-0.08-106.2% | $1.30+425.0% | $-0.40-160.6% | $0.66+288.6% | $-0.35 | N/A |
BLMH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $45.1M+14.4% | $39.4M+65.8% | $23.8M-4.3% | $24.8M-35.8% | $38.7M+1.1% | $38.3M+19.7% | $32.0M-0.3% | $32.1M |
| Current Assets | $1.7M+1.6% | $1.7M-12.3% | $2.0M-32.0% | $2.9M-19.1% | $3.5M-20.2% | $4.5M-8.3% | $4.9M+3.4% | $4.7M |
| Cash & Equivalents | $388K+4.9% | $370K-14.0% | $430K-58.7% | $1.0M+1.5% | $1.0M-35.7% | $1.6M+35.7% | $1.2M+182.5% | $416K |
| Inventory | $706K-2.5% | $724K+51.5% | $478K-29.1% | $674K-49.9% | $1.3M-1.9% | $1.4M-17.6% | $1.7M+50.0% | $1.1M |
| Accounts Receivable | $226K+13.6% | $199K+47.4% | $135K-5.6% | $143K-53.7% | $309K-12.0% | $351K-53.9% | $761K+67.6% | $454K |
| Goodwill | $30.4M+3.5% | $29.3M+71.5% | $17.1M0.0% | $17.1M-4.8% | $18.0M+10.6% | $16.3M+353.8% | $3.6M | $0 |
| Total Liabilities | $52.3M+13.9% | $46.0M+58.3% | $29.0M-1.8% | $29.6M-55.3% | $66.2M+6.6% | $62.1M-23.0% | $80.6M+3.6% | $77.8M |
| Current Liabilities | $25.4M+12.9% | $22.5M+136.1% | $9.5M-1.2% | $9.7M-81.4% | $51.9M+4.4% | $49.7M-24.4% | $65.7M+5.1% | $62.5M |
| Long-Term Debt | $4.0M+8.6% | $3.7M+62.1% | $2.3M-2.3% | $2.3M-57.1% | $5.4M-4.3% | $5.6M-12.9% | $6.5M-0.2% | $6.5M |
| Total Equity | -$11.9M-26.5% | -$9.4M-22.8% | -$7.7M-13.4% | -$6.7M+76.0% | -$28.2M-17.3% | -$24.0M+50.6% | -$48.6M-6.4% | -$45.7M |
| Retained Earnings | -$426.1M-0.6% | -$423.5M-0.4% | -$421.6M-0.1% | -$421.1M+3.6% | -$437.0M-0.8% | -$433.4M+5.2% | -$457.2M-0.7% | -$454.2M |
BLMH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$658K-35.4% | -$486K-33.5% | -$364K-51.0% | -$241K+47.4% | -$458K-291.5% | -$117K+84.0% | -$733K-44.9% | -$506K |
| Capital Expenditures | $25K+150.0% | $10K | $0-100.0% | $2K0.0% | $2K+107.7% | -$26K-181.3% | $32K-82.3% | $181K |
| Free Cash Flow | -$683K-37.7% | -$496K-36.3% | -$364K-49.8% | -$243K+47.2% | -$460K-221.7% | -$143K+81.3% | -$765K-11.4% | -$687K |
| Investing Cash Flow | $72K+111.3% | -$635K-56.4% | -$406K-32.2% | -$307K-452.9% | $87K-91.1% | $982K-22.6% | $1.3M+934.2% | -$152K |
| Financing Cash Flow | $604K-43.1% | $1.1M+563.1% | $160K-71.6% | $563K+384.3% | -$198K-2.6% | -$193K-565.5% | -$29K+90.4% | -$303K |
| 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 |
BLMH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.9%-0.6pp | 48.6%-4.6pp | 53.2%+8.3pp | 44.8%-11.3pp | 56.1%+14.2pp | 41.9%-3.0pp | 45.0% | N/A |
| Operating Margin | -30.9%-7.6pp | -23.3%+34.8pp | -58.1%-633.3pp | 575.2%+625.6pp | -50.4%+118.7pp | -169.1%+33.1pp | -202.2% | N/A |
| Net Margin | -52.8%+1.5pp | -54.3%-29.1pp | -25.2%-537.1pp | 511.9%+588.6pp | -76.6%-704.9pp | 628.3%+800.3pp | -172.0% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -5.7%-0.9pp | -4.8%-2.4pp | -2.4%-65.4pp | 63.0%+71.7pp | -8.6%-71.0pp | 62.3%+71.9pp | -9.6% | N/A |
| Current Ratio | 0.070.0 | 0.08-0.1 | 0.20-0.1 | 0.30+0.2 | 0.07-0.0 | 0.09+0.0 | 0.070.0 | 0.07 |
| Debt-to-Equity | -0.34+0.1 | -0.39-0.1 | -0.30+0.0 | -0.34-0.2 | -0.19+0.0 | -0.23-0.1 | -0.130.0 | -0.14 |
| FCF Margin | -14.1%+0.2pp | -14.3%+2.0pp | -16.3%-8.3pp | -8.0%+2.6pp | -10.5%-6.8pp | -3.8%+39.4pp | -43.1% | N/A |
Note: Shareholder equity is negative (-$6.7M), 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 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Blum Holdings's annual revenue?
Blum Holdings (BLMH) reported $13.0M in total revenue for fiscal year 2024. This represents a 67.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Blum Holdings's revenue growing?
Blum Holdings (BLMH) revenue grew by 67.5% year-over-year, from $7.8M to $13.0M in fiscal year 2024.
Is Blum Holdings profitable?
Yes, Blum Holdings (BLMH) reported a net income of $33.1M in fiscal year 2024, with a net profit margin of 254.8%.
What is Blum Holdings's earnings per share (EPS)?
Blum Holdings (BLMH) reported diluted earnings per share of $1.21 for fiscal year 2024. This represents a 172.5% 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.
What is Blum Holdings's EBITDA?
Blum Holdings (BLMH) had EBITDA of $6.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Blum Holdings have?
As of fiscal year 2024, Blum Holdings (BLMH) had $1.0M in cash and equivalents against $2.3M in long-term debt.
What is Blum Holdings's gross margin?
Blum Holdings (BLMH) had a gross margin of 47.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Blum Holdings's operating margin?
Blum Holdings (BLMH) had an operating margin of 41.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Blum Holdings's net profit margin?
Blum Holdings (BLMH) had a net profit margin of 254.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Blum Holdings's free cash flow?
Blum Holdings (BLMH) generated -$1.6M in free cash flow during fiscal year 2024. This represents a -20.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Blum Holdings's operating cash flow?
Blum Holdings (BLMH) generated -$1.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Blum Holdings's total assets?
Blum Holdings (BLMH) had $24.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Blum Holdings's capital expenditures?
Blum Holdings (BLMH) invested $10K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Blum Holdings have outstanding?
Blum Holdings (BLMH) had 14M shares outstanding as of fiscal year 2024.
What is Blum Holdings's current ratio?
Blum Holdings (BLMH) had a current ratio of 0.30 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Blum Holdings's debt-to-equity ratio?
Blum Holdings (BLMH) had a debt-to-equity ratio of -0.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Blum Holdings's return on assets (ROA)?
Blum Holdings (BLMH) had a return on assets of 133.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Blum Holdings's cash runway?
Based on fiscal year 2024 data, Blum Holdings (BLMH) had $1.0M in cash against an annual operating cash burn of $1.5M. This gives an estimated cash runway of approximately 8 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 Blum Holdings's debt-to-equity ratio negative or unusual?
Blum Holdings (BLMH) has negative shareholder equity of -$6.7M as of fiscal year 2024, 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 Blum Holdings's Altman Z-Score?
Blum Holdings (BLMH) has an Altman Z-Score of -22.66, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Blum Holdings's Piotroski F-Score?
Blum Holdings (BLMH) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Blum Holdings's earnings high quality?
Blum Holdings (BLMH) has an earnings quality ratio of -0.05x, 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.
How financially healthy is Blum Holdings?
Blum Holdings (BLMH) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.