Bloomia Holdings, Inc. Announces September 30, 2026 Financial Results
Operating cash use fell year over year, while cash balances declined and total debt increased from June 30, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Bloomia Holdings (Nasdaq: TULP) reported lower revenue and a narrower attributable net loss for its first fiscal quarter ended September 30, 2026. Revenue fell to $4,961,000 from $5,153,000 a year earlier. Net loss attributable to Bloomia narrowed to $2,398,000, or $0.50 per diluted share, from $2,854,000, or $1.61 per share.
Gross loss widened to $221,000 from $60,000, with approximately 11% fewer stems sold and a $448,000 non-cash bulb write-off. Adjusted EBITDA, a non-GAAP earnings measure, improved to a loss of $1,873,000 from $2,390,000. Operating cash use declined to $4.7 million from $9.9 million. At September 30, cash was $731,000 and total debt was $25,991,000, versus $1,452,000 and $21,715,000 at June 30, 2026. Bloomia expects revenue and profitability growth for the year.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointAttributable net loss narrowed to $2,398,000 from $2,854,000 year over year; diluted loss per share improved to $0.50 from $1.61.
- Moderate pointAdjusted EBITDA loss narrowed to $1,873,000 from $2,390,000 year over year, excluding the bulb write-off.
- Moderate pointOperating cash use fell to $4.7 million from $9.9 million in the comparable prior-year quarter.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Bloomia expects revenue and profitability growth for the year.
- Minor pointConsolidated net loss narrowed to $2,915,000 from $3,365,000 in the comparable prior-year quarter.
5 minor points
- Minor pointSelling, general and administrative expenses declined to $2,886,000 from $2,983,000 year over year.
- Minor pointNet interest expense decreased to $515,000 from $822,000 in the comparable prior-year quarter.
- Minor pointForeign currency transaction loss declined to $167,000 from $253,000 in the comparable prior-year quarter.
- Minor pointIncome tax benefit increased to $870,000 from $721,000 in the comparable prior-year quarter.
- Minor point. Forward-looking: it has not happened yet and may not happen.Lower Dutch bulb prices year over year are expected by Bloomia to improve operating margins for the year ahead.
Negative
- Moderate pointQuarterly revenue declined to $4,961,000 from $5,153,000 a year earlier, primarily reflecting lower stem sales.
- Moderate pointGross loss widened to $221,000 from $60,000 year over year; gross margin deteriorated to (4.5)% from (1.2)%.
- Moderate pointCash declined to $731,000 at September 30, 2026, from $1,452,000 at June 30, 2026.
- Moderate pointTotal debt increased to $25,991,000 at September 30, 2026, from $21,715,000 at June 30, 2026.
- Moderate pointStockholders' equity fell to $10,812,000 at September 30, 2026, from $13,790,000 at June 30, 2026.
4 minor points
- Minor pointStem sales fell approximately 11% year over year, with excess waste contributing to lower sales.
- Minor pointA $448,000 non-cash bulb write-off reflected harvested bulbs worth less than expected.
- Minor pointOperating loss widened to $3,107,000 from $3,043,000 in the comparable prior-year quarter.
- Minor pointWorking capital declined to $6,499,000 at September 30, 2026, from $7,311,000 at June 30, 2026.
News Explained
At
Key Figures
- Revenue
- $5.0 million vs. $5.2 million
- Quarter ended September 30, 2026 vs. comparable prior-year quarter
- Adjusted EBITDA loss
- $1.9 million vs. $2.4 million
- Quarter ended September 30, 2026 vs. comparable prior-year quarter
- Net loss
- $2.4 million vs. $2.9 million
- Quarter ended September 30, 2026 vs. comparable prior-year quarter
- Gross loss
- $0.2 million vs. $0.06 million
- Quarter ended September 30, 2026 vs. comparable prior-year quarter
- Cash used in operations
- $4.7 million vs. $9.9 million
- Quarter ended September 30, 2026 vs. comparable prior-year quarter
- Non-cash ex-force bulbs write-off
- $0.4 million
- One-time charge in the quarter
- Cash and cash equivalents
- $0.7 million vs. $1.5 million
- September 30, 2026 vs. June 30, 2025
- Revolver drawn
- $8.6 million vs. $4.0 million
- September 30, 2026 vs. June 30, 2026
Key Terms
non-gaap financial measures financial
working capital financial
noncontrolling interest financial
revolver financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MINNEAPOLIS, MN / ACCESS Newswire / November 12, 2026 / Bloomia Holdings, Inc. (Nasdaq:TULP) ("Bloomia Holdings" or the "Company") today announced its financial results for the first fiscal quarter ended September 30, 2026.
The Company reported revenues of
Bloomia Holding's Chairman and Co-Chief Executive Officer, Mark Jundt, commented, "Our revenue remained stable during the quarter, while we continued to make meaningful progress on the key operational and financial initiatives that are strengthening Bloomia's foundation for long-term growth. This progress is evident in our quarter's results, where we improved our net loss by
Co-Chief Executive Officer Dan Philp added, "Our first fiscal quarter is where we lay the foundation for a successful year. We have dug deep into analyzing our core operating processes, resulting in many process improvements that are simultaneously increasing quality and decreasing waste. We are set up for a year of growth in terms of both revenue and profitability."
Overview
Three Months Ended September 30, 2026
- Net revenue was
$5.0 million compared to$5.2 million in the three months ended September 30, 2025. - Gross loss was
$0.2 million , or (4.5)% of sales, compared to$0.06 million , or (1.2)% of sales, in the three months ended September 30, 2025. - Operating loss of
$3.1 million , compared to an operating loss of$3.0 million in the three months ended September 30, 2025. - Net loss was
$2.9 million compared to$3.4 million in the three months ended September 30, 2025. - Net loss attributable to Bloomia Holdings was
$2.4 million , or a loss of$0.50 per diluted share, compared to net loss of$2.9 million , or a loss of$1.61 per diluted share, in the three months ended September 30, 2025. - Adjusted EBITDA was a loss of
$1.9 million compared to adjusted EBITDA loss of$2.4 million in the three months ended September 30, 2025. - Cash used in operations was
$4.7 million compared to$9.9 million in the three months ended September 30, 2025.
Q1 Fiscal Year 2027 Results
Net Revenue
Net revenue was
Gross loss
Gross loss in the three months ended September 30, 2026 was
Operating loss
The Company had an operating loss of
Net loss
Net loss was
Net loss attributable to Bloomia Holdings
Net loss attributable to Bloomia Holdings for the three months ended September 30, 2026 was
Adjusted EBITDA
In the three months ended September 30, 2026, adjusted EBITDA was a loss of
Balance Sheet
As of September 30, 2026, cash and cash equivalents totaled
About Bloomia Holdings, Inc.
On January 28, 2026, the Company changed its name to Bloomia Holdings, Inc. and began trading on the Nasdaq Capital Market under the name Bloomia Holdings, Inc. and under new ticker symbol "TULP". The CUSIP of the Common Stock did not change in connection with the name change or the ticker symbol change.
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," "intend," "likely," "may," "plan," "project," "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 Amended 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 integrate and continue to successfully operate the Bloomia business, (2) our ability to compete, (3) concentration of Bloomia's historical revenue among a small number of customers, (4) changes in interest rates, (5) ability to comply with the requirements of the Amended Credit Agreement and operate within its restrictions, (6) economic and market conditions that may restrict or delay appropriate or desirable opportunities, (7) our ability to develop and maintain necessary processes and controls relating to our businesses, (8) reliance on one or a small number of employees, (9) potential adverse classifications of the Company if we are unsuccessful in executing our business plans, (10) other economic, international, business, market, financial, competitive and/or regulatory factors affecting the Company's businesses generally, (11) our ability to attract and retain highly qualified managerial, operational and sales personnel, and (12) 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 Annual Report on Form 10-K for the year ended June 30, 2026 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 | ||||||||
| September 30, | ||||||||
| 2026 | 2025 | |||||||
Revenue, net | $ | 4,961,000 | $ | 5,153,000 | ||||
Cost of goods sold | 5,182,000 | 5,213,000 | ||||||
Gross loss | (221,000 | ) | (60,000 | ) | ||||
Sales, general and administrative expenses | 2,886,000 | 2,983,000 | ||||||
Operating loss | (3,107,000 | ) | (3,043,000 | ) | ||||
Foreign currency transaction loss, net | 167,000 | 253,000 | ||||||
Interest expense, net | 515,000 | 822,000 | ||||||
Other income, net | (4,000 | ) | (32,000 | ) | ||||
Loss before income taxes | (3,785,000 | ) | (4,086,000 | ) | ||||
Income tax benefit | (870,000 | ) | (721,000 | ) | ||||
Net loss including noncontrolling interest | (2,915,000 | ) | (3,365,000 | ) | ||||
Less: Net loss attributable to noncontrolling interest | (517,000 | ) | (511,000 | ) | ||||
Net loss attributable to Bloomia Holdings, Inc. | (2,398,000 | ) | (2,854,000 | ) | ||||
Other comprehensive (loss) income (foreign currency translation) | (69,000 | ) | 33,000 | |||||
Less: Comprehensive (loss) income attributable to noncontrolling interest | (13,000 | ) | 6,000 | |||||
Comprehensive loss attributable to Bloomia Holdings, Inc. | $ | (2,454,000 | ) | $ | (2,827,000 | ) | ||
Net loss per basic and diluted share attributable to Bloomia Holdings, Inc.: | ||||||||
Basic and diluted earnings per share | $ | (0.50 | ) | $ | (1.61 | ) | ||
Weighted average shares used in calculation of net loss per share: | ||||||||
Basic and diluted | 4,831,000 | 1,770,000 | ||||||
SELECTED BALANCE SHEET DATA
| September 30, 2026 | June 30, 2026 | |||||||
Cash and cash equivalents | $ | 731,000 | $ | 1,452,000 | ||||
Working capital (1) | 6,499,000 | 7,311,000 | ||||||
Total assets | 86,199,000 | 84,431,000 | ||||||
Total debt (2) | 25,991,000 | 21,715,000 | ||||||
Total liabilities | 75,387,000 | 70,641,000 | ||||||
Stockholders' equity | 10,812,000 | 13,790,000 | ||||||
- Working capital represents current assets less current liabilities.
- Total debt includes the related party notes payable.
Non-GAAP Reconciliations
This press release includes EBITDA and adjusted EBITDA, which are non-GAAP financial measures. 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 are reconciliations of EBITDA and adjusted EBITDA to net loss, the most directly comparable GAAP measure. EBITDA and adjusted EBITDA do 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 and adjusted EBITDA provided meaningful supplemental information about our operating performance as these measures exclude amounts that we do not consider part of our core operating results when assessing our performance.
The following table reconciles net loss to EBITDA and adjusted EBITDA for the three months ended September 30, 2026 and 2025:
| Three Months Ended | |||||||
| September 30, | |||||||
| 2026 | 2025 | ||||||
Net loss | $ | (2,915,000 | ) | $ | (3,365,000 | ) | |
Interest expense, net | 515,000 | 822,000 | |||||
Income tax benefit | (870,000 | ) | (721,000 | ) | |||
Depreciation and amortization | 949,000 | 874,000 | |||||
EBITDA | (2,321,000 | ) | (2,390,000 | ) | |||
Non-cash ex-force bulbs write-off | 448,000 | - | |||||
Adjusted EBITDA | $ | (1,873,000 | ) | $ | (2,390,000 | ) | |
We believe these non-GAAP financial measures are useful to permit investors to compare results with prior periods. Management uses EBITDA and adjusted 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 Amended Credit Agreement.
Contact:
Biz McShane, CFO
(763) 392-6200
SOURCE: Bloomia Holdings, Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Bloomia Holdings' fiscal first-quarter 2027 revenue and earnings?
Bloomia reported revenue of $4,961,000 and an attributable net loss of $2,398,000, or $0.50 per diluted share, for the quarter ended September 30, 2026. In the comparable prior-year quarter, revenue was $5,153,000 and attributable net loss was $2,854,000, or $1.61 per diluted share.
How much had Bloomia Holdings borrowed under its revolving credit facility at September 30, 2026?
Bloomia had $8.6 million drawn on its revolving credit facility at September 30, 2026, compared with $4.0 million at June 30, 2026. Of the September balance, $2.6 million was classified as a current liability, reducing working capital.
How does seasonality affect Bloomia Holdings' working capital?
Bloomia's working capital historically peaks in December and gradually reaches its low point around June 30 because of business seasonality. Working capital is current assets less current liabilities.