Blum Holdings (BLMH) Operating Expenses (2023 - 2025)
Blum Holdings (BLMH) recorded Operating Expenses of $3.82 million in Q3 2025, down 17.9% from $4.65 million a year earlier but up 52.8% from the prior quarter.
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Analysis
Blum Holdings (BLMH) Operating Expenses (2023 - 2025) Analysis & Trends
On a TTM basis, Blum Holdings' Operating Expenses came in at -$7.41 million as of Sep 30, 2025; for FY2024, it was $826,000, down 96.3% from FY2023.
- Across earlier years, Operating Expenses came in at $22.61 million in FY2023 (-88.9%) and $202.95 million in FY2022.
- Quarterly Operating Expenses has ranged from -$16.22 million in Q4 2024 to $8.01 million in Q2 2024 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for three consecutive quarters, with an average decline of 23.3% over the last six quarters.
- Per Business Quant, the preceding three quarters came in at $2.5 million (Q2 2025), $2.49 million (Q1 2025) and -$16.22 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Blum Holdings | 2.98 Mn | 751,764.04 | 2.32 Mn | 3.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 3.82 Mn |
| Jun 30, 2025 | 2.50 Mn |
| Mar 31, 2025 | 2.49 Mn |
| Dec 31, 2024 | -16.22 Mn |
| Sep 30, 2024 | 4.65 Mn |
| Jun 30, 2024 | 8.01 Mn |
| Mar 31, 2024 | 4.39 Mn |
| Dec 31, 2023 | 6.87 Mn |
| Sep 30, 2023 | 6.45 Mn |
| Jun 30, 2023 | 5.77 Mn |
| Mar 31, 2023 | 5.55 Mn |
API Access
Blum Holdings Operating Expenses 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=operating-expenses&ticker=BLMH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BLMH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();