Bloomia: $11.1m of its $16.9m operating loss is goodwill written off in full
FY2026 10-K: revenue of $48.1m against a $16.9m operating loss, of which $11.1m is a goodwill impairment. The goodwill balance went from $11.1m to zero. Strip the impairment out and the operating loss is $5.7m
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Published
Bloomia Holdings, Inc. Form 10-K (fiscal 2026, accession 0001104659-26-109274): consolidated statements of operations, balance sheet and cash flows; goodwill note; borrowings note. Annual figures cross-checked against SEC XBRL Company Facts.
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Bloomia Holdings (TULP) recorded revenue of $48.1m and an operating loss of $16.9m in fiscal 2026. Inside that loss sits an $11.1m goodwill impairment. Goodwill on the balance sheet went from $11.1m at the prior year end to zero at this one.
In plain terms
Bloomia Holdings grows and sells tulips. The company posted a large loss this financial year. Two-thirds of that loss is the erasing of an amount recorded on the books when it bought a business years ago. That amount comes off the accounts but never leaves the bank. The debt it owes fell over the year.
What happened
Bloomia Holdings (TULP) grows and distributes tulips. Fiscal 2026 ended on 30 June 2026.
Line
FY2026
Revenue
$48.1m
Gross profit
$7.9m (16.4% margin)
Operating income
$(16.9)m
Pre-tax income
$(14.0)m
Net income
$(11.2)m
The $16.9m operating loss is 35% of the $48.1m of revenue. What that loss is made of, though, is heavily weighted to one side.
Two-thirds of the loss came from a single lineSubscribers
The pre-tax loss is smaller than the operating lossSubscribers
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Bloomia Holdings, Inc. Form 10-K (fiscal 2026, accession 0001104659-26-109274): consolidated statements of operations, balance sheet and cash flows; goodwill note; borrowings note. Annual figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
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