Blum Holdings (BLMH) AI Stock Analysis

• Market Cap: $8.93M
• Dividend Yield: N/A
• Average Volume (3M): 2.87K
• Price to Earnings (P/E): 1.3
• Beta (1Y): 1.29
• Revenue Growth: -36.70%
• EPS Growth: N/A
• Country: US
• Employees: 38
• Sector: Healthcare
• Sector Strength: 45
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): -0.25
• Shares Outstanding: 13,553,473
• 10 Day Avg. Volume: 2,994
• 30 Day Avg. Volume: 2,867
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.56
• Price to Sales (P/S): 0.29
• P/FCF Ratio: -1.76
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 1.10
• Enterprise Value/Gross Profit: 2.38
• Enterprise Value/Ebitda: 0.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.58 ▼(-2.67% Downside)

Blum Holdings' overall stock score is primarily impacted by its financial instability and bearish technical indicators. The company's high leverage and negative equity pose significant risks, while technical analysis suggests weak market momentum. Although the low P/E ratio might indicate undervaluation, the financial challenges overshadow potential valuation benefits.

Positive Factors

High Net Profit Margin

A high net profit margin suggests strong pricing power and efficient cost management, contributing to long-term profitability and competitive advantage.

Free Cash Flow Growth

Positive free cash flow growth indicates the company's ability to generate cash, which can be reinvested into the business or used to reduce debt, enhancing financial flexibility.

Diversified Revenue Streams

Diversified revenue streams reduce dependency on a single income source, providing stability and resilience against market fluctuations in the real estate sector.

Negative Factors

High Leverage

High leverage increases financial risk and can lead to solvency issues, limiting the company's ability to invest in growth opportunities and weather economic downturns.

Negative Operating Cash Flow

Negative operating cash flow indicates that the company is not generating enough cash from its core operations, which can strain liquidity and impact long-term sustainability.

Operational Inefficiencies

Operational inefficiencies, as indicated by a negative EBIT margin, can erode profitability and hinder the company's ability to compete effectively in the market.

Blum Holdings Business Overview & Revenue Model

Company Description

Blum Holdings (BLMH) is a diversified investment firm primarily focused on the real estate sector, with interests in commercial and residential properties. The company operates through various segments, including property development, management, and investment. BLMH aims to generate sustainable returns by acquiring undervalued assets, enhancing their value through strategic improvements, and effectively managing a portfolio of income-generating properties.

How the Company Makes Money

Blum Holdings generates revenue through multiple streams, primarily from rental income derived from its managed properties, including long-term leases and short-term rentals. Additionally, the company profits from the sale of developed properties, leveraging market appreciation and demand. BLMH also engages in property management services for third-party owners, receiving management fees based on the value of the properties managed. Strategic partnerships with local real estate firms and financial institutions further bolster its revenue, providing access to capital and market insights that enhance investment returns.

Blum Holdings Financial Statement Overview

Summary

Blum Holdings faces significant financial challenges. Despite a high net profit margin, the company struggles with operational inefficiencies, high leverage, and negative equity. The balance sheet reveals financial instability with a negative debt-to-equity ratio, and cash flow issues are evident with negative operating cash flows.

Income Statement

Blum Holdings shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) data indicates a positive net profit margin of 72.64%, but this is overshadowed by a negative EBIT margin of 105.88%, suggesting operational inefficiencies. Revenue growth is modest at 3.68%, but historical data shows volatility with significant revenue declines in previous years. The gross profit margin is relatively stable at around 48.79% in TTM, indicating some pricing power. However, the overall profitability is inconsistent, with significant fluctuations in net income and EBIT margins over the years.

Balance Sheet

The balance sheet of Blum Holdings reveals financial instability. The company has a negative stockholders' equity, resulting in a negative debt-to-equity ratio of -1.00 in TTM, indicating high leverage and potential solvency issues. The return on equity is also negative, reflecting poor profitability relative to equity. The equity ratio is not directly calculable due to negative equity, but the high level of debt compared to assets suggests financial risk. Overall, the balance sheet indicates a precarious financial position with high leverage and negative equity.

Cash Flow

Blum Holdings' cash flow statement shows some positive aspects but also significant challenges. The TTM free cash flow to net income ratio is slightly above 1, indicating that the company is generating cash relative to its net income. However, the operating cash flow is negative, and the operating cash flow to net income ratio is also negative, highlighting cash generation issues. Free cash flow growth is positive at 14.27% in TTM, but historical data shows volatility. Overall, the cash flow situation is concerning due to negative operating cash flows and reliance on free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.62M	12.99M	33.23M	52.02M	42.12M	6.16M
Gross Profit	6.29M	6.21M	14.00M	16.90M	11.02M	2.64M
EBITDA	15.86M	22.00M	-2.26M	-171.57M	-30.07M	-1.83M
Net Income	9.88M	33.10M	-14.13M	-188.93M	-31.27M	-30.12M
Balance Sheet
Total Assets	45.08M	24.82M	32.07M	40.51M	271.82M	100.29M
Cash, Cash Equivalents and Short-Term Investments	388.00K	1.04M	862.00K	1.20M	6.70M	34.26M
Total Debt	8.61M	4.79M	37.70M	49.56M	79.41M	23.13M
Total Liabilities	52.35M	29.56M	77.77M	77.05M	125.34M	41.16M
Stockholders Equity	-7.27M	-6.75M	-45.70M	-36.54M	142.63M	54.67M
Cash Flow
Free Cash Flow	-1.79M	-2.15M	-1.29M	-9.76M	-21.93M	-16.31M
Operating Cash Flow	-1.75M	-2.14M	-965.00K	-7.83M	-17.96M	-14.84M
Investing Cash Flow	-1.28M	2.03M	462.00K	19.61M	21.67M	11.80M
Financing Cash Flow	2.39M	143.00K	539.00K	-17.27M	4.50M	2.70M

Blum Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLMH, the sentiment is Positive. The current price of 0.6 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.66, and below the 200-day MA of 0.72, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 56.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLMH.

Blum Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
BLMH	43 Neutral	$8.93M	1.33	-27.37%	―	-36.70%	―
IMCC	42 Neutral	$6.72M	-2.36	-93.87%	―	-0.74%	81.49%
BFRI	42 Neutral	$9.44M	―	-1191.73%	―	5.11%	19.78%
TLPH	41 Neutral	$59.66M	-3.21	-86.48%	―	-90.04%	44.40%
YCBD	40 Underperform	$7.21M	-0.13	-33.13%	―	-7.80%	90.17%

Blum Holdings Corporate Events

Blum Holdings Issues Shares for Debt Repayment

On November 13, 2025, Blum Holdings issued shares of its common stock to various parties, including Adnant, LLC, vendors, and shareholders of acquired companies, as part of debt repayments and acquisition agreements. This strategic move is part of Blum’s broader effort to expand its operations and strengthen its market position. The company reported a 39% revenue increase in Q3 2025 compared to the previous quarter, driven by acquisitions and operational improvements. Despite a net loss from operations, Blum’s consistent revenue growth and strategic acquisitions highlight its potential for future profitability and improved financial stability.

The most recent analyst rating on (BLMH) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Blum Holdings stock, see the BLMH Stock Forecast page.

Blum Holdings Secures $750,000 Through Promissory Notes

On September 16 and 17, 2025, Blum Holdings, Inc. executed unsecured promissory notes totaling $750,000 with a maturity date in 2027 and an interest rate of 8% per annum. These notes, convertible into shares at a discounted rate, are part of a strategic financial maneuver to secure capital, offering the lender warrants for common stock purchase, potentially impacting the company’s financial structure and shareholder value.

The most recent analyst rating on (BLMH) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Blum Holdings stock, see the BLMH Stock Forecast page.

Blum Holdings Completes Turnaround Phase Successfully

Blüm Holdings announced the close of its turnaround phase in the first half of 2025, marking the start of a new chapter characterized by disciplined restructuring, cost reductions, and strategic growth initiatives. These efforts have transformed the company’s financial and operational foundation, positioning it for sustainable growth and long-term value creation.

The most recent analyst rating on (BLMH) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Blum Holdings stock, see the BLMH Stock Forecast page.