Blum Holdings (BLMH) Gross Margin (2023 - 2025)
Blum Holdings (BLMH) recorded Gross Margin of 47.91% in Q3 2025, down 8.19 percentage points from 56.10% a year earlier and down 0.66 percentage points from the prior quarter.
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Analysis
Blum Holdings (BLMH) Gross Margin (2023 - 2025) Analysis & Trends
On a TTM basis, Blum Holdings' Gross Margin came in at 48.25% as of Sep 30, 2025, down 1.17 percentage points year-over-year; for FY2024, it was 47.79%, down 1.31 percentage points from FY2023.
- Across earlier years, Gross Margin came in at 49.10% in FY2023 (+14.22 pp) and 34.87% in FY2022.
- Quarterly Gross Margin has ranged from 33.96% in Q3 2023 to 56.10% in Q3 2024 over the past five years.
- On a year-over-year basis, Gross Margin rose in three of the last seven quarters, with an average year-over-year change of +0.16 percentage points.
- Per Business Quant, the preceding three quarters came in at 48.56% (Q2 2025), 53.17% (Q1 2025) and 44.82% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | Blum Holdings | 2.98 Mn | 751,764.04 | 2.32 Mn | 47.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 47.91% |
| Jun 30, 2025 | 48.56% |
| Mar 31, 2025 | 53.17% |
| Dec 31, 2024 | 44.82% |
| Sep 30, 2024 | 56.10% |
| Jun 30, 2024 | 41.95% |
| Mar 31, 2024 | 44.98% |
| Dec 31, 2023 | 52.84% |
| Sep 30, 2023 | 33.96% |
| Jun 30, 2023 | 52.10% |
| Mar 31, 2023 | 54.47% |
API Access
Blum Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BLMH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BLMH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BLMH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();