Nature's Miracle Holding Inc. (NMHI)
Nature's Miracle Holding Inc. (NMHI) functions as an agricultural technology enterprise, dedicated to supplying crucial lighting products and growth substrates to cultivators engaged in controlled environment agriculture (CEA) across both the United States and Canada. The company's comprehensive product lineup features advanced LED light fixtures, traditional high-pressure sodium (HPS) and ceramic metal halide (CMH) fixtures, as well as electronic ballasts and intricate control units. Furthermore, NMHI extends its services to include the conceptualization, construction, and operation of diverse indoor cultivation settings, including greenhouses and specialized indoor farms. The firm distributes its offerings directly to wholesale CEA partners. Its primary operational base is located in Ontario, California.
Sector: Farm Machinery & Equipment
Industry: Agricultural - Machinery
Nature's Miracle Holding Inc.
OTC:NMHIIndustrials · Industrial - Machinery
$0.0004
Mkt Cap$243K
Float492.12M
O/S606.63M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.74M
Net Income-$11.99M
Total Assets$20.41M
Free Cash Flow-$3.99M
Debt & Equity
Debt 284%
Preferred 27%
Total Debt$15.17M
Total Equity-$11.28M
Preferred Stock$1.46M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:30
Nasdaq bars a compliance period at 1:250
- 1:30Reverse splitNov 21, 202430 shares → 1
Balance Sheet Details
Assets$20.41M
Liabilities$31.69M
Accounts Receivable$758K
Accounts Payable$9.68M
Inventory$0
PP&E (Net)$18.5M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $1.74M | $9.26M | $8.93M | $18.62M | $14.36M | $10.77M |
| YoY Growth | -81.2% | 3.7% | -52.0% | 29.7% | 33.4% | - |
| Cost of Revenue | $2.19M | $12.07M | $9.88M | $16.95M | $12.18M | $9.73M |
| Gross Profit | -$451K | -$2.81M | -$949K | $1.67M | $2.18M | $1.03M |
| Gross Margin | -25.9% | -30.3% | -10.6% | 9.0% | 15.2% | 9.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $4.88M | $7.13M | $4.07M | $3.44M | $660K | $384K |
| Other | $1.82M | $409K | $1.02M | $27K | $0 | $0 |
| Total Operating Expenses | $6.7M | $7.54M | $5.09M | $3.44M | $660K | $384K |
| Operating Income (EBIT) | -$7.15M | -$10.35M | -$6.04M | -$1.77M | $1.52M | $649K |
| Operating Margin | -410.5% | -111.7% | -67.6% | -9.5% | 10.6% | 6.0% |
| Interest Expense | $3.58M | $3.3M | $847K | $743K | $1K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.83M | -$3.3M | -$1.08M | -$756K | $56K | $7K |
| Income Before Tax (EBT) | -$11.99M | -$13.65M | -$7.12M | -$2.53M | $1.58M | $656K |
| Income Tax Expense | $2K | $5K | $218K | -$68K | $442K | $191K |
| Net Income | -$11.99M | -$13.65M | -$7.34M | -$2.46M | $1.14M | $465K |
| Net Income Margin | -688.0% | -147.4% | -82.1% | -13.2% | 7.9% | 4.3% |
| Supplementary Data | ||||||
| EPS | -0.80 | -11.88 | -8.37 | -4.50 | 0.12 | 0.02 |
| Diluted EPS | -0.80 | -11.88 | -8.37 | -4.50 | 0.12 | 0.03 |
| Weighted Average OS | 14.93M | 1.15M | 890,899 | 668,296 | 7.99M | 22.27M |
| EBITDA | -$7.86M | -$10.81M | -$5.74M | -$1.36M | $1.65M | $679K |
| EBITDA Margin | -451.1% | -116.7% | -64.2% | -7.3% | 11.5% | 6.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $98K | $420K | $222K | $810K | $1.31M | $490K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $98K | $420K | $222K | $810K | $1.31M | $490K |
| Accounts Receivable | $758K | $2.81M | $2M | $3.69M | $659K | $958K |
| Inventory | $0 | $1.78M | $5.05M | $8.8M | $8.36M | $8.95M |
| Other Current Assets | $100K | $151K | $140K | $134K | $76K | $0 |
| Total Current Assets | $956K | $5.17M | $7.41M | $13.45M | $10.42M | $10.47M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $18.5M | $4.72M | $4.91M | $5.56M | $206K | $156K |
| Goodwill | $0 | $0 | $0 | $1.02M | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $1M | $1M | $139K | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $216K | $0 | $0 |
| Other Long-Term Assets | $951K | $429K | $882K | $462K | $1.17M | $646K |
| Total Long-Term Assets | $19.45M | $6.15M | $6.79M | $7.4M | $1.38M | $802K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $20.41M | $11.31M | $14.2M | $20.85M | $11.8M | $11.27M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $9.68M | $10.39M | $8.03M | $1.5M | $8.11M | $10.22M |
| Short-Term Debt | $6.63M | $4.24M | $1.56M | $2.27M | $22K | $0 |
| Current Income Tax Payable | $0 | $501K | $341K | $399K | $583K | $198K |
| Current Unearned Revenue | $50K | $145K | $119K | $808K | $998K | $30K |
| Other Current Liabilities | $6.32M | $86K | $4.37M | $10.44M | $1.78M | $358K |
| Total Current Liabilities | $23.26M | $19.77M | $14.78M | $16.72M | $9.94M | $10.72M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $8.4M | $5.68M | $5.98M | $2.97M | $85K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $8.44M | $5.88M | $6.14M | $3.51M | $85K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $31.69M | $25.65M | $20.92M | $20.23M | $10.03M | $10.72M |
| Stockholders' Equity | ||||||
| Preferred Stock | $1.46M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $11K | $246 | $2K | $2K | $94 | $20 |
| Retained Earnings | -$36.8M | -$24.73M | -$8.25M | -$910K | $1.56M | $386K |
| Comprehensive Income & Other | -$706 | -$981 | -$1K | -$2K | $0 | $0 |
| Other Stockholders' Equity | $25.51M | $10.4M | $1.53M | $1.52M | $210K | $170K |
| Total Equity | -$11.28M | -$14.34M | -$6.72M | $617K | $1.77M | $556K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $20.41M | $11.31M | $14.2M | $20.85M | $11.8M | $11.27M |
| Supplementary Data | ||||||
| Total Debt | $15.17M | $10.38M | $8.06M | $6.25M | $136K | $89K |
| Net Debt | $15.07M | $9.96M | $7.84M | $5.44M | -$1.18M | -$401K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$11.99M | -$13.65M | -$7.34M | -$2.46M | $1.14M | $465K |
| Depreciation & Amortization | $750K | $536K | $537K | $425K | $127K | $30K |
| Deferred Income Tax | $0 | $0 | $216K | -$145K | $26K | $0 |
| Stock-Based Compensation | $341K | $1.41M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $834K | -$1.67M | $245K | -$3.53M | $223K | -$241K |
| Inventory | $1.23M | $952K | $2.49M | $3.09M | -$4.17M | -$7.82M |
| Accounts Payable | -$798K | $2.61M | -$1.15M | $80K | $3.31M | $8.51M |
| Other Working Capital | $1.38M | $26K | -$228K | -$233K | $998K | $30K |
| Total Working Capital Change | $2.65M | $1.92M | $1.35M | -$688K | $766K | -$115K |
| Other Non-Cash Items | $4.26M | $3.85M | $3.55M | $53K | $368K | $86K |
| Net Cash from Operating | -$3.99M | -$5.93M | -$1.68M | -$2.45M | $2.07M | $466K |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | -$53K | -$18K | -$71K |
| Acquisitions | $0 | $0 | $0 | $98K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$300K | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $259K | $0 | $0 |
| Other Investing Activities | -$863K | -$40K | -$437K | -$273K | -$1.17M | -$146K |
| Net Cash from Investing | -$863K | -$40K | -$437K | -$270K | -$1.19M | -$217K |
| Financing Activities | ||||||
| Debt Repaid | $105K | $344K | -$3.17M | $85K | $22K | - |
| Common Stock Issuance | $2.41M | $3.31M | -$439K | $394K | $40K | $100K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $13K | $268K | -$27K | -$395K | $24K | $0 |
| Net Cash from Financing | $4.53M | $6.17M | $1.53M | $2.22M | $42K | $100K |
| Forex Effect | $276 | $94 | $787 | -$2K | $0 | $0 |
| Net Change in Cash | -$322K | $198K | -$589K | -$502K | $920K | $349K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$3.99M | -$5.93M | -$1.68M | -$2.45M | $2.07M | $466K |
| Capital Expenditure | $3 | $0 | $4 | -$53K | -$18K | -$71K |
| Free Cash Flow | -$3.99M | -$5.93M | -$1.68M | -$2.51M | $2.05M | $395K |
| Cash at Beginning | $420K | $222K | $810K | $1.31M | $392K | $141K |
| Cash at End | $98K | $420K | $222K | $810K | $1.31M | $490K |