Blüm Holdings Inc., a California-based publicly traded holding company, reported its financial results for the third quarter of 2025.
Revenue grew by 39% in Q3 2025, reaching $4.8 million, reflecting continued success post-restructuring expansion.
The company's focus remains on converting growth into profitability and strengthening its balance sheet.
Revenue Growth
Revenue increased by 39% in Q3 2025, driven by the acquisition of the Redding store.
Operating Leverage
SG&A as a percentage of revenue improved from 111% in Q1 to 79% in Q3, showcasing operational efficiency.
Gross Margin Stability
Gross margin remained solid at 48% in Q3 2025, demonstrating resilience during rapid expansion.
Operating Expenses Increase
Operating expenses rose by 53% in Q3 2025, mainly due to new acquisitions and full-quarter impacts.
Future Profitability
Adjusted EBITDA loss was $1.3 million in Q3 2025, with expectations of improved profitability as integration progresses.
- The financial results show a positive growth trajectory for Blüm Holdings, with revenue and operational efficiency improving over consecutive quarters.
- The acquisitions of new retail stores contributed to both total assets and liabilities growth, showcasing expansion strategies.
- The company's focus on profitability and balance sheet strength indicates a strategic shift towards sustained financial health.
Blüm Holdings' third quarter results demonstrate ongoing success in revenue growth and operational efficiency. The company's strategic focus on profitability and balance sheet strength sets the stage for future financial stability and growth in 2026.