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Nature's Miracle Holding Inc logo

Nature's Miracle Holding Inc

nature-miracle.com

What Do They Do?

Sells grow lights, growing media and dehumidifiers to indoor growers in North America.

How Do They Make Money?

Customers buy grow lights and other CEA products as individual items; most new customers pay in advance, while existing customers usually pay later. The company also earns rental income from a commercial building.

revenue
SegmentShareRevenue
Grow light
Sold outright

79%
Grow media and others
Sold outright

21%

Who Are Their Customers?

The company sells CEA products directly to wholesale distributors, which then supply other wholesalers and retailers across the U.S. and Canada.

Do Revenues Turn Into Profits?

No. It lost $12M in FY2025.

Operating income, FY2025
−410% of revenue
▼ −31% (Loss) vs FY2024 (−$10.3M, −112%)
Net income, FY2025
−688% of revenue
▼ −12% (Loss) vs FY2024 (−$13.7M, −147%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Mar 31, 2026
Revenue
▼ −96%
vs $1.1M in Q1 FY2025
Net income
▲ Now profitable
vs −$2M in Q1 FY2025
Grow light share of revenue vs 76.9% in Q1 FY2025
Revenue over time
Grow light Grow media and others Indoor grow containers
$10M$5M$0

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