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Bloomia reports $11.2M loss on $48.1M revenue after tulip shift
Finance
— Sep 21, 2026
Bloomia Holdings rebranded from Lendway to Bloomia, realigned its fiscal year to June 30 to fit seasonal tulip operations, and pursued a strategic shift into specialty tulip agriculture after acquiring fresh-cut tulip capabilities in 2024 while discontinuing lending and in-store marketing. For FY2026, it posted about $48.1 million in revenue with a $11.2 million net loss driven by a $13.2 million non-cash impairment and industry-wide mite-related waste, while debt fell roughly 36% to $21.7 million; a rights offering raised $12.1 million to reduce debt and management is trimming costs and expecting margin gains from price increases and mite-control measures.
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Rachel Meyers
Cutting debt by over a third through the rights offering was smart, gives them a better shot at stabilizing the tulip side.
