Recent Updates — TULP

Bloomia Holdings, Inc. reported financial results for the fiscal year ended June 30, 2026, revealing a net loss attributable to shareholders of $11.2 million, or $4.43 per diluted share, compared to a $2.6 million loss in the prior year. Revenue remained relatively stable at $48.1 million against $48.4 million previously, but gross profit declined to 16.4% from 20.9%. The deterioration was driven by a $13.2 million non-cash impairment charge (goodwill and intangibles), a 21% increase in bulb input costs, a 6% adverse Euro exchange rate move, and over $2.5 million in excess production waste due to an industry-wide mite issue. Conversely, the company retired over $19 million of debt through a rights offering that raised approximately $12 million, reducing total debt by 36% to $21.7 million. Bloomia Holdings operates as a specialty agricultural business and is the majority owner of Bloomia, one of the largest producers of fresh-cut tulips in the United States.