Bloomia Holdings Inc.

TULP

$3.47

-0.57%

2026-09-04 11:44:54 EDT-$0.02

Communication Services

Advertising Agencies

NASDAQ

Active Trading

Bloomia Holdings, Inc., a specialty agricultural company, through its subsidiaries, focuses on making and managing its agricultural investments in the United States ...

Fundamental Analysis of TULP

Key Strengths

TTM gross margin is positive (~17.4%), indicating the company can generate gross profit even though operating costs are not controlled

Working capital is positive per snapshot (workingCapitalTTM ~ $4.8M) and current ratio is above 1 (~1.26), suggesting some near-term buffer

Risk Factors

Persistent unprofitability: net margin (~-9.8%), operating margin (~-5.8%), and EBITDA margin (~-0.9%) are negative on a TTM basis

Negative cash-flow characteristics: EV/OCF and EV/FCF are negative and free cash flow yield is deeply negative (~-31.4%), implying weak or inconsistent cash generation

Profitability

Net Margin-9.79%

Operating Margin-5.79%

Valuation

P/E Ratio-1.27x

Current Ratio1.26

Efficiency

ROE-55.99%

ROA-4.69%

Fundamental Analysis of TULP

Bloomia Holdings Inc. (NASDAQ: TULP) is a small-cap advertising/“specialty ag” business that appears to operate with weak profitability and negative returns on most measures. Using the provided TTM datapoints, the company is currently unprofitable: net margin is about -9.8%, operating margin is about -5.8%, and EBIT margin is about -7.6%. EBITDA margin is also slightly negative (-0.9%), and margins at the pretax level are deeply negative (about -15.6%). These results indicate the core business is not generating sustainable earnings power at the current cost and revenue structure. From a valuation and cash-flow perspective, the balance between growth and financial health looks fragile. The company shows an enterprise value around $99.3M with highly distressed cash-flow multiples (EV/Operating Cash Flow and EV/Free Cash Flow are negative, reflecting negative cash generation). Free cash flow yield is also negative (approximately -31.4%), and operating cash flow ratios are negative, implying that cash earnings are insufficient to fund operations and capex without relying on working capital dynamics, financing, or rights/recapitalization events. Leverage and liquidity are meaningful risks. Debt to equity is very high (~13.7) and financial leverage ratios are elevated (about 17.1). Current ratio is about 1.26, but the quick ratio is materially lower (~0.63), and the cash ratio is extremely low (~0.049), which raises the probability of near-term funding pressure during adverse conditions. Interest coverage is negative (interest coverage ratio about -0.72) and debt service coverage is also low (~0.13), suggesting debt servicing is not well covered by operating earnings. The balance-sheet/financial-health picture is therefore dominated by (1) persistent losses, (2) negative operating cash-flow metrics, and (3) high leverage with limited cash buffers. While recent corporate actions (e.g., rights offering) may help stabilize near-term financing, the fundamental investor question for long-term positioning is whether management can convert revenue into durable operating profitability and positive free cash flow. Based on the current fundamentals provided, the risk-reward profile is unfavorable unless there is a credible turnaround supported by improving margins, cash generation, and deleveraging.

Key Strengths of TULP

TTM gross margin is positive (~17.4%), indicating the company can generate gross profit even though operating costs are not controlled
Working capital is positive per snapshot (workingCapitalTTM ~ $4.8M) and current ratio is above 1 (~1.26), suggesting some near-term buffer
Revenue quality metrics show turnover activity (receivables turnover ~6.5; inventory turnover ~3.5), implying the company is actively managing working capital rather than holding no inventory
Access to capital events is demonstrated via reported rights offering activity, which can reduce immediate solvency stress if executed successfully
Small-cap flexibility: as a smaller company, management may have room to adjust cost structure and strategy faster than large peers

Risk Factors of TULP

Persistent unprofitability: net margin (~-9.8%), operating margin (~-5.8%), and EBITDA margin (~-0.9%) are negative on a TTM basis
Negative cash-flow characteristics: EV/OCF and EV/FCF are negative and free cash flow yield is deeply negative (~-31.4%), implying weak or inconsistent cash generation
High leverage: debt-to-equity is very high (~13.7) with elevated financial leverage (~17.1)
Weak debt servicing/earning coverage: interest coverage is negative (~-0.72) and debt service coverage is low (~0.13)
Liquidity risk: quick ratio (~0.63) and cash ratio (~0.049) indicate limited liquid resources relative to obligations
Balance-sheet stress indicators: return on equity is strongly negative (~-56%) and return on assets is negative (~-4.7%), reflecting capital inefficiency and loss-making operations
Small-company execution risk: limited operating scale (TTM market cap ~ $17.1M) can amplify the impact of single-market, customer, or cost shocks

Market Cap vs Revenue & Earnings

Earnings

n/a

Revenue

n/a

Market cap

$16.56M

-1.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Last Reportedn/a

Earnings per share (EPS)n/a

Gross Margin17.41%

Net Profit Margin-9.79%

Debt/Equity Ratio13.71

Profitability Bridge (Current vs YoY)

How gross, operating and net margins shifted versus last year.

Revenue / Net Income / FCF History (USD B)

Growth Signals of TULP

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Revenue	—	—	—	—	Flat
Diluted EPS	—	—	—	—	Flat
Free Cash Flow	—	—	—	—	Flat

Profitability of TULP

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Net Margin	—	-5.30%	—	—	Flat
Operating Margin	—	-0.14%	—	—	Flat
ROE	—	—	—	—	Flat

Financial Health of TULP

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Current Ratio	—	1.263	—	—	Flat
Quick Ratio	—	0.627	—	—	Flat
Debt / Equity	—	13.710	—	—	Flat

Valuation of TULP

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
P/E	—	-2.29x	—	—	Flat
P/B	—	1.15x	—	—	Flat

Supply Chain of TULP

RELATIONS

Upstream

Tulip Bulb Suppliers - Netherlands (multiple family-owned growers)Bloomia Chile (strategic partnership - bulb program)Tulip Bulb Suppliers - New Zealand (multiple growers)Greenhouse Infrastructure & Hydroponic Equipment SuppliersHydrofarm Holdings Group, Inc.NASDAQ:HYFMPackaging Suppliers (recyclable/biodegradable sleeves & boxes)Cold-Chain Logistics & Refrigerated Transport ProvidersEnergy & Utility Providers (Virginia - Dominion Energy territory)Dutch Tulip Bulb Trading/Export Companies (approx. 100 firms in Netherlands)

Downstream

Whole Foods Market (Amazon.com, Inc. subsidiary)NASDAQ:AMZN The Kroger Co.NYSE:KRPublix Super Markets, Inc.Trader Joe's Company (Aldi Nord subsidiary)Wegmans Food Markets, Inc.

Proxies

Village Farms International, Inc.NASDAQ:VFF Hydrofarm Holdings Group, Inc.NASDAQ:HYFM Del Monte Corporation (formerly Fresh Del Monte Produce)NYSE:DMC

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Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer