Nature's Miracle Revenue Collapses 98% to $72,377 in Q3 2025

Nature's Miracle Holding Inc. (a pet products and wellness company) reported revenue of $72,377 for the three months ending September 30, 2025, a 98% drop from $3.05 million in the prior-year quarter. For the nine months ending September 30, revenue fell 81% to $1.66 million from $8.66 million. Read more earnings reports.

The company swung to a net loss of $2.21 million in the third quarter, compared with a net loss of $2.75 million in the year-ago period. For the nine-month period, the net loss narrowed to $6.00 million from $6.83 million.

Gross profit for the quarter collapsed to $426 from $228,113 a year earlier, as cost of revenue of $71,951 consumed nearly all revenue. Operating expenses for the quarter totaled $1.33 million, down from $2.22 million in the prior-year quarter.

Cash and restricted cash stood at $61,450 as of September 30, 2025, down from $420,131 at the end of December 2024. The company burned $1.81 million in cash from operations during the nine-month period, an improvement from the $3.17 million used in the comparable 2024 period.

Total assets increased to $23.01 million as of September 30, 2025, from $11.31 million at year-end 2024, driven primarily by a jump in property, plant, and equipment to $17.48 million from $4.25 million. Total liabilities rose to $31.56 million from $25.65 million, leaving the company with negative stockholders' equity of $9.36 million.

Accounts receivable fell to $1.22 million from $1.83 million at year-end, while inventory dropped to $639,417 from $1.78 million. Accounts payable decreased to $9.33 million from $10.39 million.

The company issued 13.45 million common shares outstanding as of September 30, 2025, up from 2.45 million at the end of 2024. Loss per share for the quarter was $0.20 on a weighted average of 11.26 million shares, compared with a loss of $2.73 per share on 1.01 million shares in the prior-year quarter.

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