Blum Holdings (BLMH) Operating Margin (2023 - 2025)
Blum Holdings (BLMH) reported Operating Margin of -30.86% for Q3 2025, up 19.55 percentage points from -50.41% a year earlier but down 7.58 percentage points from the prior quarter.
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Analysis
Blum Holdings (BLMH) Operating Margin (2023 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Blum Holdings' Operating Margin came in at 102.61%, up 252.53 percentage points year-over-year; for FY2024, it was 41.43%, up 283.84 percentage points from FY2023.
- By year, Operating Margin came in at -242.41% in FY2023 (+112.90 pp) and -355.30% in FY2022.
- Five-year quarterly Operating Margin spans a low of -382.63% in Q3 2023 and a high of 575.24% in Q4 2024.
- Year over year, Operating Margin has now increased in each of the last six quarters, with an average year-over-year change of +191.18 percentage points over the last seven quarters.
- Per Business Quant data, the three quarters before Q3 2025 came in at -23.29% (Q2 2025), -58.08% (Q1 2025) and 575.24% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | Blum Holdings | 2.98 Mn | 751,764.04 | 2.32 Mn | -30.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -30.86% |
| Jun 30, 2025 | -23.29% |
| Mar 31, 2025 | -58.08% |
| Dec 31, 2024 | 575.24% |
| Sep 30, 2024 | -50.41% |
| Jun 30, 2024 | -169.06% |
| Mar 31, 2024 | -202.20% |
| Dec 31, 2023 | -280.35% |
| Sep 30, 2023 | -382.63% |
| Jun 30, 2023 | -202.34% |
| Mar 31, 2023 | -9.92% |
API Access
Blum Holdings Operating 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=operating-margin&ticker=BLMH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=BLMH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();