Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data BLUM HOLDINGS, INC. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2023
FY2024
Revenue
52
7.76
13
Cost of revenue
33.9
3.95
6.78
Gross profit
18.1
3.81
6.21
Selling, general and administrative
52.7
21
18.6
Operating expenses
203
22.6
0.83
Operating income
-185
-18.8
5.38
Other non-operating income
-1.88
5.69
12.9
Pre-tax income
-187
-13.1
18.3
Income tax
-2.78
0.58
1.42
Income from continuing operations
-13.7
16.9
Net income
-189
-14.1
33.1
EBITDA
-176
-18.5
6.11
EPS, basic
-32.04
-1.72
EPS, diluted
-32.04
-1.72
Shares, basic (weighted)
5.9
8.19
8.5
Shares, diluted (weighted)
5.9
8.19
13.4
Balance sheet
FY2023
FY2023
FY2024
Cash and equivalents
1.2
0.42
1.04
Receivables
0.31
0.45
0.14
Inventory
1.66
1.11
0.67
Other current assets
0.49
0.37
0.83
Total current assets
4.58
4.69
2.87
Property, plant and equipment
11.7
9.19
0.27
Lease right-of-use assets
8.17
1.61
Goodwill
0
0
17.1
Intangible assets
2.86
0.53
2.95
Long-term investments
0.21
2.07
0
Other non-current assets
14.9
1.48
0
Total assets
40.5
32.1
24.8
Accounts payable
13
9.42
6.21
Accrued liabilities
0
Short-term debt
29.7
22.6
0.65
Total current liabilities
59.1
62.5
9.66
Long-term debt
4.81
6.49
2.32
Lease liabilities
11.7
8.45
1.82
Total liabilities
77
77.8
29.6
Total debt
4.81
29
3.2
Paid-in capital
404
408
414
Retained earnings
-440
-454
-421
Treasury stock
-0.81
0
Shareholders' equity
-36.5
-45.7
-6.75
Minority interests
0
0
Total equity
-36.5
-45.7
-6.75
Total liabilities and equity
40.5
32.1
24.8
Shares outstanding
6.8
8.51
13.6
Cash flow statement
FY2023
FY2023
FY2024
Net income
-189
-14.1
33.1
Depreciation and amortization
8.9
0.33
0.73
Stock-based compensation
4.92
2.44
0.37
Deferred income tax
-6.12
0.11
0.11
Change in receivables
1.14
-0.55
0.05
Change in inventory
4.02
0.02
0.95
Change in payables
7.4
10.1
10.3
Cash from operations
-7.95
-0.99
-1.55
Capital expenditures
-1.8
-0.31
-0.01
Cash from investing
19.7
0.47
2.03
Debt repaid
-21.7
-1.43
-0.66
Cash from financing
-17.3
0.54
0.14
Net change in cash
-5.49
0.03
0.62
Free cash flow
-9.75
-1.3
-1.56
Interest paid
1.59
0.2
0.76
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.14 on November 9, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
48.2%
Gross profit / revenue.
Operating margin
102.6%
Operating income / revenue.
EBITDA margin
106.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
98.8%
Pre-tax income / revenue.
Net margin
78.1%
Net income / revenue.
FCF margin
-13.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-12.8%
Cash from operations / revenue.
Effective tax rate
12.7%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
23.6%
Net income / average total assets.
SG&A / revenue
92.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
0.2%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.3%
Capital expenditures / revenue.
D&A / revenue
4.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
67.5%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
63.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-22.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
63.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.07x
Current assets / current liabilities.
Quick ratio
0.02x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.02x
(Cash + short-term investments) / current liabilities.
Debt / assets
8.8%
Total debt / total assets.
Liabilities / assets
116.1%
Total liabilities / total assets.
Net debt
$3.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
0.25x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
-16.8%
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.86
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.11
Revenue / diluted weighted shares.
FCF per share
-$0.15
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.14
Cash from operations / diluted weighted shares.
Book value per share
-$0.88
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
0.33x
Market cap / net income. Only when net income is positive.
P/S
0.26x
Market cap / revenue.
EV/Sales
0.52x
Enterprise value / revenue.
EV/EBIT
0.51x
Enterprise value / operating income, when both are positive.
EV/EBITDA
0.49x
Enterprise value / EBITDA, when both are positive.
FCF yield
-50.6%
Free cash flow / market cap.
Earnings yield
301.2%
Net income / market cap (the inverse of P/E).
What was BLUM HOLDINGS, INC.'s revenue in fiscal 2024?
BLUM HOLDINGS, INC. reported revenue of $13.0M for fiscal 2024, 67.5% higher than the year before.
Was BLUM HOLDINGS, INC. profitable in fiscal 2024?
Yes. Net income was $33.1M, a net margin of 254.8%.
How much free cash flow did BLUM HOLDINGS, INC. generate in fiscal 2024?
Cash from operations of $1.5M minus capital expenditures of $10.0K left free cash flow of -$1.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.