Every 10-Q that Lendway, Inc. (LDWY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LDWY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LDWY filings page.
Bloomia Holdings, Inc. reported higher tulip revenue but continued losses and heavy leverage for the quarter ended March 31, 2026. Quarterly revenue rose to $14.4 million from $12.4 million, yet gross margin fell to 19.8% and net loss attributable to Bloomia was $0.8 million, or $0.43 per share. For the first nine months of fiscal 2026, revenue was $26.3 million with a net loss of $5.9 million and negative EBITDA of $2.9 million. Total debt reached $40.3 million, including a $9.99 million revolver and a seller bridge loan with payment incentives and penalties. A $12.1 million rights offering, including $7.1 million of debt conversion, raised about $5 million in cash and converted related-party notes to equity, while also funding a $4.9 million discounted prepayment on the Seller Note. The company remains overdrawn on its revolving credit facility after a temporary capacity increase expired and previously breached financial covenants, though waivers were obtained.
Bloomia Holdings, Inc., a specialty agricultural company focused on fresh-cut tulips, reported higher quarterly sales but continued losses. For the quarter ended December 31, 2025, revenue rose to $6.7 million from $6.2 million, and gross margin improved to 7.2% from a loss of 9.4% helped by a $300,000 federal grant and better pricing. However, Bloomia still posted a net loss attributable to the company of $2.3 million, or $1.29 per share, and EBITDA of negative $1.4 million. For the six-month period, revenue slipped to $11.9 million from $12.8 million as the company deliberately shifted more production to later quarters for the key Mother’s Day season, which reduced early-year volume and margin leverage. Operating cash use widened to $11.4 million, funded largely by drawing $10 million on its revolving credit facility and issuing $4 million of related party notes, pushing total debt to about $40.4 million plus related party borrowings. Bloomia breached leverage and coverage covenants at December 31, 2025 but obtained waivers and expects to be compliant by June 30, 2026. To bolster capital, it has filed for a rights offering of up to $15.5 million of common stock. The company also changed its name from Lendway, Inc. and now trades on Nasdaq under the ticker TULP.
Lendway, Inc. (LDWY) filed its quarterly report and reported weaker results. Revenue, net was $5,153,000 versus $6,628,000 a year ago, and gross margin swung to a loss at (1.2%) from 21.7%. Operating loss widened to $3,043,000, and net loss attributable to Lendway was $2,854,000, or $1.61 per share.
Inventory rose to $18,799,000 as the company purchased approximately $11,000,000 of Dutch tulip bulbs to prepare for peak spring demand, contributing to net cash used in operating activities of $9,927,000. Long-term debt, net increased to $36,851,000. The company drew $8,575,000 on its revolving credit facility and entered into $4,000,000 of unsecured related‑party promissory notes at 13.5% to fund Bloomia operations. A Second Amendment temporarily raised revolver capacity to $10,000,000 and broadened eligible inventory until April 30, 2026.
Management cited seasonality and higher bulb costs, tariffs, and freight as headwinds this quarter, while expecting revenue and margin to improve later in fiscal 2026. A new risk factor notes the federal government shutdown may delay H‑2A seasonal worker visas, which could reduce production or increase labor costs.