Here are the 10-K annual reports from Nature's Miracle Holding Inc (NMHI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NMHI 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 NMHI filings page.
Nature’s Miracle Holding Inc. filed its annual report describing a controlled-environment agriculture hardware business that remains unprofitable and under significant financial strain. The company generated approximately $9.3 million of revenue in 2024 with a gross loss of $2.8 million, and reports recurring operating losses and negative operating cash flow that raise substantial doubt about its ability to continue as a going concern.
Management notes a sharp revenue concentration, with the top five customers providing 56.30% of 2025 revenue of $1,742,360, and major dependence on a handful of suppliers that represented over 90% of 2024 and 2025 purchases. In 2025, the company diversified by acquiring the PNC Bank Tower in Toledo, Ohio, assuming $2.65 million of loans and issuing a new $3 million secured note, and expects $1.8–$2.0 million in annual gross rents starting 2026.
The report highlights past equity raises in 2024 largely used to repay merger-related and short-term debt, additional 2025 financing through convertible debt and preferred equity, and settlements involving merchant cash advance lenders. Nature’s Miracle also discloses that its shares were delisted from Nasdaq in January 2025 for not meeting minimum shareholders’ equity requirements and now trade on the OTC Pink Market.