Numinus Wellness (NUMI) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was $2.01 million, a 68.3% increase compared to Q1 2024.

• Gross profit rose 121.1% year-over-year to $1.02 million.

• Loss and comprehensive loss narrowed significantly to $1.29 million from $4.35 million in Q1 2024.

• Cash and cash equivalents at quarter-end totaled $2.0 million.

Financial highlights

• Cost of revenue increased 35.1% year-over-year to $992,622.

• Gross profit margin improved by 107 basis points to 49.3%.

• Operating expenses and other items decreased by 51.1% to $2.07 million.

Key financial ratios and metrics

• Gross profit margin reached 49.3%, up from 38.6% in Q1 2024.

• Loss and comprehensive loss reduced by over $3 million year-over-year.