Tulip grower Lendway's Q3 net revenue falls

Bloomia Holdings

10/11/2025 21:41

Overview

Lendway Q3 2025 net revenue falls to $5.2 mln from $6.6 mln in Q3 2024

Company's Q3 2025 operating loss widens to $3.0 mln from $1.4 mln in Q3 2024

Net loss attributable to Lendway increases to $2.9 mln from $1.1 mln in Q3 2024

Outlook

Lendway expects revenue to increase in fiscal year 2026 due to more bulbs in inventory

Company anticipates gross margin improvement in fiscal year 2026

Lendway is preparing for peak season with increased bulb purchases

Result Drivers

SEASONAL STRATEGY - Co accelerated tulip growing earlier in the year to meet spring demand, reducing stems available for sale this qtr

HIGHER BULB COSTS - Increased bulb costs and tariffs reduced profitability, leading to higher operating loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$511 mln
Q3 Basic EPS
-$1.61
Q3 Operating Income
-$3.04 bln


Press Release: ID:nACSb42sNa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)