Nature's Miracle Holding Inc (NMHI) is an agricultural technology company that sells hydroponic growing equipment and growing media products to commercial and hobbyist cultivators. Revenue is transactional, generated through the sale of grow lights, grow bags, coco substrate slabs, and related hydroponic supplies. The company reported approximately $9.3 million in revenue for the fiscal year ended December 31, 2024, falling to approximately $1.7 million for the fiscal year ended December 31, 2025. NMHI has incurred recurring operating losses and negative cash flows since its founding in 2022, and as of December 31, 2025 carried a working capital deficit of $22.3 million with $97,694 in cash on hand. The company has financed operations primarily through convertible notes and equity issuances. Going-concern doubt is disclosed in the 10-K filed April 15, 2026. Tie "James" Li founded Nature's Miracle, Inc. in 2022 and serves as Chairman and Chief Executive Officer.

Revenue model

Transactional product sales of hydroponic lighting fixtures, grow bags, and coco-based growing media. No subscription or recurring revenue model is disclosed in the filing.

Products and services

Grow lights including the eFinity Black Series 1000W DE HPS and 315W CMH fixtures and the XT 1000 series. Coco-based growing media under the Dutch Plantin brand, including X-fibre slabs, 5-gallon grow bags, and coco mat products in Premium, Optima, and Classic formulations. Organic soil products also referenced in the growing media line.

Customers and end markets

Commercial and hobbyist hydroponic cultivators in North America. No specific customer concentration data or named customers are disclosed in the filing excerpts.

Value-chain role

Product seller and distributor of hydroponic equipment and growing media. The company sources growing media ingredients from third-party suppliers and sells finished goods to end cultivators. No manufacturing operations are described in the excerpts.

Geographic exposure

Primary market identified as North America, based on product market disclosures in the 10-K filed April 15, 2026.

Source: SEC 10-K, filed 2026-04-15

Industry: Farm Machinery & Equipment