BLMHOTCRetail-Miscellaneous RetailFiscal year ends December 31
BLUM HOLDINGS, INC.
Financials through Q3 FY2025, quarter ended Sep 30, 2025Last filing: 10-Q on Nov 14, 2025
$0.16−0.01 (-3.52%)
Close on Oct 19, 2026
- Market cap
- $1.96M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2009 to 2024
Gross margin
47.8%−15.0 pts over 5 years
Operating margin
41.4%+253.1 pts over 5 years
Net margin
–
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +67.5% | -32.4% | -4.7% | +6.2% | |
| Gross profit | +63.0% | -17.4% | -9.7% | +44.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | -242.2% | -56.2% | – | |
| Return on assets | -109.3% | -40.0% | – | |
| Current ratio | 0.81 | 0.34 | 0.30 | |
| Debt to equity | 0.15 | 0.23 | -0.44 | |
| Net debt to EBITDA | -0.07× | -0.57× | 0.32× | |
| Interest coverage | -18.8× | -3.8× | – | |
| Inventory turnover | 11.1× | 2.2× | 7.6× | |
| Capex to revenue | 18.6% | 9.6% | 0.1% | |
| Diluted shares | 0M | 1.06B | 13M |
Where the cash went
Fiscal 2020 to 2024, five years combined
BLUM generated $43.28M from operations and spent $7.80M on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$43.28M
Used
$7.80M
Capital expenditure$7.57M97%Dividends$00%Share buybacks$228.00K3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-182.2%
×Asset turnover0.21×
×Equity multiplier-0.88×
=Return on equity, FY202334.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -182.2% | 0.21× | -0.88× | 34.4% |
| FY2022 | -363.2% | 0.33× | 2.94× | -356.2% |
| FY2021 | -74.2% | 0.23× | 1.89× | -31.7% |
| FY2020 | -488.8% | 0.06× | 1.69× | -46.3% |
| FY2019 | -290.2% | 0.14× | 1.41× | -56.2% |
| FY2018 | -197.1% | 0.18× | 1.27× | -46.3% |
| FY2017 | -91.3% | 0.41× | 1.35× | -50.7% |
| FY2016 | -106.3% | 0.59× | 1.46× | -92.0% |
| FY2015 | -92.5% | 1.18× | 2.22× | -242.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
3of 6 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$1.55M
- Return on assets improvedROA up on the prior year-34.9% → –
- Earnings backed by cashOperating cash flow above net income-$1.55M vs –
- Less leverageLong-term debt to assets fell20.2% → 9.3%
- Better liquidityCurrent ratio rose0.08 → 0.30
- No dilutionShare count did not rise8M → 13M
- Gross margin improvedGross margin up on the prior year49.10% → 47.79%
- More efficientAsset turnover rose0.19 → 0.41