NMHI Nature's Miracle Holding Inc.

Overview and Growth

Fiscal 2025 results for Nature's Miracle Holding Inc. combined $1.74M of revenue with net loss of $11.99M and an operating cash outflow of $3.99M. At $1.74M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 81.2% from $9.26M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$0.81, adding a shareholder-level measure to the absolute income figures considered below. Diluted shares averaged 14.93M; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $20.41M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.09x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

A gross loss of $451.04K left no positive gross-profit layer to absorb operating expenses. Gross margin was -25.9%, reflecting direct costs that exceeded revenue by 25.9%. Operations produced a $7.15M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 410.5%, showing the shortfall after operating costs. The bottom-line result was a net loss of $11.99M after operating, financing, tax, and other recognized items. The net loss equaled 688.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $6.85M, confirming that the earnings deficit remained before depreciation and amortization. Before income taxes, the company recorded a loss of $11.99M, bridging the operating result to the final net loss. Pretax margin was -687.9%, reflecting a pre-tax loss equal to 687.9% of revenue. Income tax expense totaled $1.70K, providing the reported tax component that separates pretax and after-tax earnings. Relative to total assets, the net loss represented 58.7%. The net loss narrowed to $11.99M from $13.65M in fiscal 2024.

Liquidity and Capital Structure

The company held $20.41M of assets against $31.69M of liabilities and -$12.74M of equity, revealing how the asset base was financed. With total equity at -$12.74M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. The near-term balance sheet paired $955.76K of current assets with $23.26M of current liabilities at the reporting date. The current ratio was 0.04x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $97.69K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 0.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $9.59M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-assets relationship was 47.0%, comparing borrowing with the total asset balance. Equity equaled -62.4% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 155.3%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 0.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $11.31M in fiscal 2024, the current asset base moved 80.4% and finished higher. Cash and equivalents were 76.7% lower than fiscal 2024 cash of $420.13K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $3.99M, showing that operations absorbed cash during the period. Compared with a $5.93M operating cash outflow in fiscal 2024, the current outflow improved to $3.99M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.