MDJM LTD reported an 85% increase in revenue for 2025 following the launch of a third-party sales channel, primarily within its UK real estate and hospitality operations. This growth coexists with persistent operating losses, albeit reduced compared to prior years, as the company executed stringent cost reductions including the removal of stock-based compensation. MDJM’s capital structure evolved through public offerings supporting its focus on UK asset acquisitions. Despite operational progress, liquidity challenges and market risks remain critical headwinds.