Bloomia Holdings, Inc. Announces June 30, 2026 Financial Results
Bloomia Holdings (TULP) posted fiscal 2026 net revenue of $48.1 million, essentially flat versus $48.4 million a year ago, with a GAAP net loss attributable of $11.2 million, or $4.43 per diluted share, versus a $2.6 million loss in fiscal 2025. The loss was driven by a one-time $13.2 million non-cash impairment ($11.1 million goodwill, $2.0 million intangibles) plus more than $2.5 million of excess production waste from an industry-wide mite treatment failure; adjusted EBITDA swung to a $0.5 million loss from +$2.0 million as bulb costs rose 21% and the Euro strengthened 6%.
Key figures
- Revenue
- 48130000
- Guidance
- FY2027 bulb prices locked near historical averages — projected savings of greater than 20% on one of the largest expense categories vs FY2026; new mite control treatment applied to prevent a repeat of FY2026 waste
- Revenue Yoy
- -0.6%
- Cash
- 1452000
- Euro yoy
- +6%
- Q4 revenue
- 21802000
- Debt retired
- over $19 million retired for approximately $12 million
- Bulb cost yoy
- +21%
- Debt reduction
- -36% YoY (-$12.4M)
- Price increase
- +12%
- Q4 revenue yoy
- -5.9%
- Working capital
- 7311000
- Excess waste cost
- over $2.5 million
- Gross margin fy25
- 20.9%
- Gross margin fy26
- 16.4%
- Goodwill impairment
- 11122000
- Adjusted ebitda fy25
- 1989000
- Total debt june 2025
- 34083000
- Total debt june 2026
- 21715000
- Intangible impairment
- 2043000
- Rights offering price
- 4.05
- Rights offering shares
- 3000000
- Adjusted ebitda q4 fy25
- 2633000
- Adjusted ebitda q4 fy26
- 2337000
- Gain on debt settlement
- 7005000
- Cash used in operations fy26
- -4000000
- Rights offering gross proceeds
- 12100000
AI analysis
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