Blum Holdings Q2 revenue $3.5M, net loss $1.9M; cost reductions improve operating expenses 69%

BLUM HOLDINGS, INC.

Revenue $3.5M, up 59% QoQ; gross margin 49% vs 42% in Q2 2024.
Net loss from continuing ops $1.9M vs $0.6M Q1 2025 and net income $7.3M in Q2 2024 (incl. one-time gains).
Operating expenses $2.5M, down 69% YoY from $8.0M; steady vs Q1.
Adjusted EBITDA loss $0.6M in Q2; first half 2025 loss improved 85% to $1.0M.
Recent: $0.5M capital raise Aug 11; binding term sheet for new dispensary adds $4.1M annualized revenue.

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