Nature's Miracle Holding Inc. Reports 81.2% Revenue Decline and $11.99 Million Net Loss for Fiscal Year 2025

Nature's Miracle Holding Inc. (NMHI), an agriculture technology company focused on controlled environment agriculture (CEA) hardware, reported a significant decrease in revenue for the fiscal year ended December 31, 2025, with revenues of $1.74 million compared to $9.26 million in the previous fiscal year, representing an 81.2% decline. The company attributed this decrease to cash constraints that limited inventory purchases, resulting in sales primarily from existing inventory. This decline in revenue also led to a gross loss of $0.45 million in 2025, although this was an improvement from the $2.81 million gross loss in 2024, due to less inventory write-offs.

Operating expenses for NMHI decreased by 11.2% to $6.70 million in 2025 from $7.54 million in 2024, primarily due to reduced stock compensation expenses, lower professional fees, and a decrease in payroll expenses resulting from a reduced headcount. However, the provision for credit losses increased by 345% to $1.82 million, driven by higher estimated credit risk associated with outstanding receivables and the full write-off of a balance due from a related party. The company's net loss for 2025 was $11.99 million, an improvement from the $13.65 million net loss in 2024.

In September 2025, NMHI acquired Zak Properties LLC, which owns the PNC Bank Tower in Toledo, Ohio, for $17.5 million, issuing Series B and C Preferred Shares and a $3 million secured note. This acquisition is expected to generate recurring rental income of approximately $1.8 to $2.0 million annually, starting in October 2025. The company also entered into a licensing agreement with Datavault AI to license its Carbon Credit Tokenization System.

As of December 31, 2025, NMHI had $0.10 million in cash and a working capital deficit of $22.30 million. The company's management expressed substantial doubt about its ability to continue as a going concern within one year, citing recurring losses from operations and negative cash flows. NMHI is exploring various financing options, including financial support from related parties, bank financing, and equity financing, to address its liquidity needs. The company's common stock is currently trading on the OTC Pink Market under the symbol "NMHI" after being delisted from the Nasdaq in January 2025 due to non-compliance with minimum shareholders' equity requirements. As of December 31, 2025, the company had 11 full-time employees.