Bloomia Holdings, Inc. Announces December 31, 2025 Financial Results and Updated Expiration Date for Rights Offering
Rhea-AI Summary
Bloomia Holdings (Nasdaq:TULP) reported Q2 fiscal 2026 results for the quarter ended December 31, 2025: net revenue $6.7M, gross profit $0.5M (7.2%), operating loss $2.3M, and net loss attributable $2.3M (loss $1.29 per diluted share).
Six-months: net revenue $11.9M, EBITDA loss $3.8M, cash used in operations $11.4M, cash $1.2M, and total debt $47.0M. Rights offering expiration updated to March 27, 2026 at 5:00 PM CT.
Positive
- Q2 operating loss improved 43% versus prior-year quarter
- EBITDA improved to a loss of $1.4M from $2.7M in Q2
- Working capital increased to $9.6M at Dec 31, 2025
Negative
- Six-month net loss widened to $6.0M from $4.8M year-over-year
- Cash used in operations rose to $11.4M from $9.0M in six months
- Total debt increased to $47.0M at Dec 31, 2025 from $34.1M at June 30, 2025
Market Reaction
Following this news, TULP has declined 6.04%, reflecting a notable negative market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $4.20. This price movement has removed approximately $479K from the company's valuation.
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Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 06 | Rights offering terms | Positive | +8.8% | Announced rights offering to raise up to $15.5M with set record date. |
On the most recent capital-raising announcement, the stock moved up, aligning positively with that news.
Over the last week, Bloomia Holdings announced a subscription rights offering aiming to raise up to $15.5 million, with each shareholder eligible to buy 2.16 shares at $4.05 per share and an expected expiration on Mar 28, 2026. That announcement saw a +8.84% price reaction, as proceeds were earmarked for reducing seller and related-party notes and strengthening the balance sheet. Today’s earnings release and updated rights offering expiration refine this recent capital and balance-sheet narrative.
Market Pulse Summary
The stock is down -6.0% following this news. A negative reaction despite operational improvement would fit a backdrop of ongoing losses and leverage. While quarterly operating loss improved to $2.3 million and gross margin reached 7.2%, six‑month net loss attributable to shareholders was still $5.1 million with debt at $47.0 million. The updated rights offering timing and potential equity issuance could also add pressure, as investors reassess dilution against balance‑sheet repair.
Key Terms
rights offering financial
ebitda financial
working capital financial
revolving line of credit financial
promissory notes financial
certificate of incorporation regulatory
cusip financial
nasdaq capital market financial
AI-generated analysis. Not financial advice.
MINNEAPOLIS, MN / ACCESS Newswire / February 13, 2026 / Bloomia Holdings, Inc. (Nasdaq:TULP) ("Bloomia Holdings" or the "Company") today announced its financial results for the second fiscal quarter ended December 31, 2025.
Overview
Three Months Ended December 31, 2025
Net revenue was
$6.7 million .Gross profit was
$0.5 million , or7.2% of sales.Operating loss of
$2.3 million compared to an operating loss of$3.9 million in the three months ended December 31, 2024.Net loss from continuing operations was
$2.7 million compared to a loss of$3.4 million in the three months ended December 31, 2024.Net loss attributable to Bloomia Holdings was
$2.3 million , or loss of$1.29 per diluted share, compared to net loss of$2.9 million , or a loss of$1.66 per diluted share, in the three months ended December 31, 2024.EBITDA was a loss of
$1.4 million compared to a loss of$2.7 million in the three months ended December 31, 2024.
Six Months Ended December 31, 2025
Net revenue was
$11.9 million .Gross profit was
$0.4 million , or3.6% of sales.Operating loss of
$5.3 million compared to an operating loss of$5.2 million in the six months ended December 31, 2024.Net loss from continuing operations was
$6.0 million compared to a loss of$4.8 million in the six months ended December 31, 2024.Net loss attributable to Bloomia Holdings was
$5.1 million , or loss of$2.90 per diluted share, compared to net loss of$4.1 million , or a loss of$2.30 per diluted share, in the six months ended December 31, 2024.EBITDA was a loss of
$3.8 million compared to a loss of$3.3 million in the six months ended December 31, 2024.Cash used in operations was
$11.4 million compared to$9.0 million in the six months ended December 31, 2024.
Bloomia Holding's Chairman and Co-Chief Executive Officer, Mark Jundt, commented, "This quarter, along with the quarter preceding it, represents and concludes our offseason. In a seasonal business like ours, our offseason is a time to increase focus on operational efficiencies and build our inventory as we prepare for the exciting busy season ahead. Our operational improvements, including further investments in automation, are a large reason why our operating results were
Q2 Fiscal Year 2026 Results
Net Revenue
Net revenue was
Net revenue was
Gross profit (loss)
Gross profit in the three months ended December 31, 2025 was
Gross profit in the six months ended December 31, 2025 was
Operating loss
The Company had an operating loss of
The Company had operating loss of
Net loss from continuing operations
Net loss from continuing operations was
Net loss from continuing operations was
Net loss attributable to Bloomia Holdings
Net loss attributable to Bloomia Holdings for the three months ended December 31, 2025 was
Net loss attributable to Bloomia Holdings for the six months ended December 31, 2025 was
EBITDA
In the three months ended December 31, 2025, EBITDA was a loss of
In the six months ended December 31, 2025, EBITDA was a loss of
Balance Sheet
As of December 31, 2025, cash and cash equivalents totaled
Updated Expiration Date for Rights Offering
The Company previously announced that its contemplated rights offering was expected to expire at 5:00 p.m., Central Time, on March 28, 2026. To accommodate the requirements of Equiniti Trust Company, LLC, the subscription agent for the rights offering, the Company has updated the expected expiration of the rights offering to 5:00 p.m., Central Time, on March 27, 2026.
About Bloomia Holdings, Inc.
On January 28, 2026, the Company changed its name to Bloomia Holdings, Inc. by filing an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware. The name change became effective on January 28, 2026. As a result of the name change, effective February 2, 2026, the Company's common stock, par value
Bloomia Holdings, Inc (Nasdaq: TULP) is a specialty ag company focused on making and managing its ag investments in the U.S. and internationally. The Company is the majority owner of Bloomia, one of the largest producers of fresh-cut tulips in the United States. For additional information, contact (800) 874-4648 or visit our website at www.bloomiaholdingco.com. Investor inquiries can be submitted to info@bloomiaholdingco.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release that are not statements of historical or current facts are considered "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of the Company to be materially different from the results or performance expressed or implied by such forward-looking statements. The words "anticipate," "believe," "could," "estimate," "expect," "future," "groundwork," "intend," "likely," "may," "plan," "project," "set ourselves up," "will" and similar expressions identify forward-looking statements. Forward-looking statements include statements expressing the intent, belief or current expectations of the Company and members of our management team regarding, for instance: (i) our belief that our cash balance, cash generated by operations and borrowings available under our Credit Agreement, will provide adequate liquidity and capital resources for at least the next twelve months and (ii) regarding the potential for growth and other opportunities for our business. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. These statements are subject to the risks and uncertainties that could cause actual results to differ materially and adversely from the forward-looking statements. These forward-looking statements are based on current information, which we have assessed and which by its nature is dynamic and subject to rapid and even abrupt changes.
Factors that could cause our estimates and assumptions as to future performance, and our actual results, to differ materially include the following: (1) our ability to complete the Rights Offering, (2) our ability to compete, (3) concentration of revenue among a small number of customers, (4) dependency on Dutch tulip bulbs, (5) changes in interest rates, (6) ability to comply with the requirements of the Credit Agreement and operate within its restrictions, (7) economic and market conditions that may restrict or delay appropriate or desirable opportunities, (8) our ability to develop and maintain necessary processes and controls relating to our businesses, (9) reliance on one or a small number of employees, (10) our ability to generate enough cash or secure enough capital to execute our business plans, (11) our ability to obtain seasonal workers, (12) other economic, international, business, market, financial, competitive and/or regulatory factors affecting the Company's businesses generally, (13) exchange rate fluctuations, (14) tariffs, and (15) the availability of additional capital on desirable terms, if at all. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including those set forth in our Transition Report on Form 10-KT for the six months ended June 30, 2025 and additional risks, identified in our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K filed with the SEC. Such forward-looking statements should be read in conjunction with the Company's filings with the SEC. The Company assumes no responsibility to update the forward-looking statements contained in this press release or the reasons why actual results would differ from those anticipated in any such forward-looking statement, other than as required by law.
Bloomia Holdings, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)
(Values are rounded to the nearest thousand dollars and thousand shares)
Three Months Ended | Six Months Ended | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Revenue, net | $ | 6,739,000 | $ | 6,192,000 | $ | 11,892,000 | $ | 12,820,000 | ||||||||
Cost of goods sold | 6,255,000 | 6,774,000 | 11,468,000 | 11,962,000 | ||||||||||||
Gross profit (loss) | 484,000 | (582,000 | ) | 424,000 | 858,000 | |||||||||||
Sales, general and administrative expenses | 2,773,000 | 3,305,000 | 5,756,000 | 6,096,000 | ||||||||||||
Operating loss | (2,289,000 | ) | (3,887,000 | ) | (5,332,000 | ) | (5,238,000 | ) | ||||||||
Foreign currency transaction (gain) loss, net | (47,000 | ) | (410,000 | ) | 206,000 | (364,000 | ) | |||||||||
Interest expense, net | 1,087,000 | 980,000 | 1,909,000 | 1,780,000 | ||||||||||||
Other income, net | (4,000 | ) | (53,000 | ) | (36,000 | ) | (56,000 | ) | ||||||||
Loss from continuing operations before income taxes | (3,325,000 | ) | (4,404,000 | ) | (7,411,000 | ) | (6,598,000 | ) | ||||||||
Income tax benefit | (661,000 | ) | (1,045,000 | ) | (1,382,000 | ) | (1,781,000 | ) | ||||||||
Net loss from continuing operations | (2,664,000 | ) | (3,359,000 | ) | (6,029,000 | ) | (4,817,000 | ) | ||||||||
Income from discontinued operations, net of tax | - | 22,000 | - | 88,000 | ||||||||||||
Net loss including noncontrolling interest | (2,664,000 | ) | (3,337,000 | ) | (6,029,000 | ) | (4,729,000 | ) | ||||||||
Less: Net loss attributable to noncontrolling interest | (388,000 | ) | (397,000 | ) | (899,000 | ) | (664,000 | ) | ||||||||
Net loss attributable to Bloomia Holdings, Inc. | (2,276,000 | ) | (2,940,000 | ) | (5,130,000 | ) | (4,065,000 | ) | ||||||||
Other comprehensive income (loss) (foreign currency translation) | 55,000 | (58,000 | ) | 88,000 | (57,000 | ) | ||||||||||
Less: Comprehensive income (loss) attributable to noncontrolling interest | 10,000 | (11,000 | ) | 16,000 | (11,000 | ) | ||||||||||
Comprehensive loss attributable to Bloomia Holdings, Inc. | $ | (2,231,000 | ) | $ | (2,987,000 | ) | $ | (5,058,000 | ) | $ | (4,111,000 | ) | ||||
Net loss per basic and diluted share attributable to Bloomia Holdings, Inc.: | ||||||||||||||||
Continuing operations | $ | (1.29 | ) | $ | (1.67 | ) | $ | (2.90 | ) | $ | (2.35 | ) | ||||
Discontinued operations | - | 0.01 | - | 0.05 | ||||||||||||
Basic and diluted earnings per share | $ | (1.29 | ) | $ | (1.66 | ) | $ | (2.90 | ) | $ | (2.30 | ) | ||||
Weighted average shares used in calculation of net loss per share: | ||||||||||||||||
Basic and diluted | 1,770,000 | 1,770,000 | 1,770,000 | 1,770,000 | ||||||||||||
SELECTED BALANCE SHEET DATA
December 31, 2025 | June 30, 2025 | |||||||
Cash and cash equivalents | $ | 1,209,000 | $ | 906,000 | ||||
Working capital (1) | 9,613,000 | 1,089,000 | ||||||
Total assets | 105,607,000 | 97,924,000 | ||||||
Total debt | 47,021,000 | 34,083,000 | ||||||
Total liabilities | 96,675,000 | 83,087,000 | ||||||
Stockholders' equity | 8,932,000 | 14,837,000 | ||||||
(1) Working capital represents current assets less current liabilities.
Non-GAAP Reconciliations
This press release includes EBITDA, which is a non-GAAP financial measure. Non-GAAP financial measures, which are not calculated or presented in accordance with U.S. generally accepted accounting principles ("GAAP"), have been provided as information supplemental and in addition to the financial measures presented in accordance with GAAP. Such non-GAAP financial measures are not substitutes for, or as an alternative to, and should be considered in conjunction with, the respective GAAP financial measures. The non-GAAP financial measures presented may differ from similarly named measures used by other companies.
Included below is a reconciliation of EBITDA to net loss from continuing operations, the most directly comparable GAAP measure. EBITDA does not reflect our cash expenditures, the cash requirements for the replacement of depreciated and amortized assets, or changes in cash requirements for our working capital needs. We believe EBITDA provides meaningful supplemental information about our operating performance as this measure excludes amounts from income from discontinued operations that we do not consider part of our core operating results when assessing our performance.
The following table reconciles net loss from continuing operations to EBITDA for the three and six months ended December 31, 2025 and 2024:
Three Months Ended | Six Months Ended | |||||||||||||||
December 31, | December 31, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Net loss from continuing operations | $ | (2,664,000 | ) | $ | (3,359,000 | ) | $ | (6,029,000 | ) | $ | (4,817,000 | ) | ||||
Interest expense, net | 1,087,000 | 980,000 | 1,909,000 | 1,780,000 | ||||||||||||
Income tax benefit | (661,000 | ) | (1,045,000 | ) | (1,382,000 | ) | (1,781,000 | ) | ||||||||
Depreciation and amortization | 861,000 | 713,000 | 1,735,000 | 1,533,000 | ||||||||||||
EBITDA | $ | (1,377,000 | ) | $ | (2,711,000 | ) | $ | (3,767,000 | ) | $ | (3,285,000 | ) | ||||
We believe these non-GAAP financial measures are useful to permit investors to compare results with prior periods. Management uses EBITDA (a) to evaluate our historical and prospective financial performance and trends as well as our performance relative to competitors and peers; (b) to measure operational profitability consistently; (c) in presentations to the members of our Board of Directors; and (d) to evaluate compliance with covenants and restricted activities under the terms of our Credit Agreement.
Contact:
Biz McShane, CFO
(763) 392-6200
SOURCE: Bloomia Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
What were Bloomia Holdings (TULP) Q2 fiscal 2026 revenue and net loss on December 31, 2025?
How did Bloomia Holdings' EBITDA and operating loss change in Q2 2026 compared to last year?
What material balance sheet changes did Bloomia Holdings (TULP) report as of December 31, 2025?
Why did Bloomia Holdings update the expiration date for its rights offering (TULP)?
Did Bloomia Holdings change its name or ticker before February 2026?
