Blum HOLDINGS, Inc. (BLMH) intrinsic value & 10-year financials

Blum HOLDINGS, Inc. (BLMH) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue shrank 50.0% a year to $13.0M, with an average return on invested capital of 294.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.17
Market cap
$2.3M
Revenue (FY2024)
$13.0M
Revenue growth (4-yr CAGR)
-50.0%
ROIC (10-yr avg)
294.3%
Free cash flow (FY2024)
-$1.6M

BLMH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $13.0M $33.1M — -$1.6M 41.4% -29.4%
FY2023 $33.2M -$14.1M — -$1.7M -42.8% 53.9%
FY2022 $52.0M -$188.9M — -$9.8M -355.3% 858.4%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

BLUM HOLDINGS, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

BLUM HOLDINGS, INC. returns on capital have been average, hovering around 11.0% ROIC over the decade.

BLUM HOLDINGS, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, BLUM HOLDINGS, INC. is modeled at -50.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-195.18 per share.

BLMH stock: frequently asked questions

Does Blum HOLDINGS, Inc. generate free cash flow?

Blum HOLDINGS, Inc. generated -$1.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 3 reported years.

What is BLMH's return on invested capital?

Average ROIC over the last 4 fiscal years was 294.3%, and average return on equity was -145.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BLMH data come from?

From Blum HOLDINGS, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Nov 14, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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