Event-Driven Stocks

BLUM HOLDINGS, INC.

Consumer Discretionary · Retail-Miscellaneous Retail · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22
Revenue$13.0M$7.8M$52.0M
Operating income$5.4M−$18.8M−$184.8M
Net income$33.1M−$3.2M−$188.9M
Total assets$24.8M$32.1M$40.5M
Total liabilities$29.6M$77.8M$77.0M
Equity−$6.7M−$45.7M−$36.5M
EPS (diluted)—$-0.33$-32.04
Shares out.8.5M8.5M6.8M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
41.4%
Net margin
254.8%
Return on equity
−490.4%
Return on assets
133.4%
Return on capital (ROCE)
35.5%
Liabilities / assets
119.1%
Debt / equity
—
Book value / share
$-0.79
Revenue growth (YoY)
67.5%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
-55.88distress
Accruals / assets
139.6%high accruals
Beneish M-Score
4.28elevated
Piotroski F-Score
7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
43
/ 100
Profitability 80Growth 100Catalyst 33Earnings quality 0Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 4 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • High accruals — earnings-quality risk
  • Beneish M-Score elevated — earnings-manipulation screen flag
  • Operating margin is positive
  • Revenue is growing year-over-year

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)