---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-035252"
form_type: "8-K"
ticker: "BLMH"
cik: "0001996210"
company_name: "BLUM HOLDINGS, INC."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:57:13.811776+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blum Holdings Q3 revenue $4.8M, up 39% QoQ; net loss widens to $1.5M; massive stock dilution

## Summary
- Revenue $4.8M, +39% QoQ from $3.5M; driven by Redding acquisition; gross margin 48% vs 49% Q2.
- Net loss from operations $1.5M vs $0.8M Q2; Adjusted EBITDA loss $1.3M vs $0.6M Q2.
- SG&A as % of revenue improved to 79% from 111% in Q1, showing operating leverage.
- Issued ~11.8M shares on Nov 13 for debt conversion, acquisitions, and vendor payments.
- Raised additional $0.7M in Oct 2025, total $3.2M in 2025; expects 2026 profitability.

## SEC filing metadata
- accession: 0001437749-25-035252
- form_type: 8-K
- ticker: BLMH
- cik: 0001996210
- company_name: BLUM HOLDINGS, INC.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1996210/000143774925035252/0001437749-25-035252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1996210/000143774925035252/blmh20250903_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-035252
- JSON: https://secwatch.observer/filing/0001437749-25-035252.json
- Plain text: https://secwatch.observer/filing/0001437749-25-035252.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.